Innovations in Barrier Films Drive Market Expansion for Extended Shelf Life Solution
Barrier films are a type of packaging film that provides a protective barrier between the product and the environment. These films are typically made from polyethylene and are usually coated with a layer of aluminum or other metals. They are designed to protect the product from moisture, oxygen, light, and other environmental factors that may cause deterioration. These films are also used to create an oxygen-free environment for food storage, which is important for extending the shelf life of many foods. The global barrier films market size is estimated at USD 30.1 billion in 2020 and is projected to reach USD 40.1 billion by 2025, at a CAGR of 5.3%.
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PE is the largest material segment of the barrier films market.
PE is the most widely used material in barrier films due to its excellent barrier properties, such as low permeability to water vapor, oxygen, and aromas. It is also highly resistant to temperature extremes, making it suitable for various food packaging applications. Its low cost and easy availability also make it a popular choice for barrier films. The inorganic oxide coatings segment is projected to be the fastest-growing segment during the forecast period as they have excellent moisture barrier properties and are transparent and cost-effective.
Food & beverage is the largest end-use industry segment of the barrier films market.
The growing demand for packaged and processed food products, coupled with the rising demand for convenience food, is driving the growth of the global barrier films market. The need for preserving food and beverages for a longer period of time is expected to further propel the growth of this market. The increasing use of barrier films in the packaging of food and beverages is also expected to propel the growth of the global barrier films market. Additionally, the increasing use of barrier films in dairy, meat, and seafood products packaging is expected to further boost the growth of the global barrier films market.
APAC is the largest and fastest-growing market for barrier films market.
Asia Pacific region is expected to witness significant growth in the barrier films market, owing to increased investments in the food packaging and pharmaceutical industries. In addition, the growing demand for lightweight and flexible packaging materials has been driving the growth of the market in the region. Furthermore, the increasing demand for barrier films from the food and beverage industry is expected to boost the growth of the market in the region. The large population base in the region is also expected to be a major factor contributing to the growth of the barrier films market. Growing concerns regarding food safety and hygiene is further expected to drive the demand for barrier films in the region.
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Berry Global Inc. (US), Amcor Plc (Australia), Sealed Air (US), Raven Industries (US), Toppan Prnting Co., Ltd. (Japan), Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Dupont Teijin Films (US), Uflex Ltd. (India), and Sumitomo Chemical Co., Ltd. (Japan) are the key players operating in the barrier films market.
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