Dublin, Dec. 22, 2020 (GLOBE NEWSWIRE) -- The "Global Barrier Films Market by Material (PE, PET, PP, Polyamide, Organic Coatings, Inorganic Oxide Coatings), End-use Industry (Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture) - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global barrier films market is projected to grow from USD 3.1 billion in 2020 to USD 4.1 billion by 2025, at a CAGR of 5.3%.
The barrier films market is witnessing high growth owing to increasing consumer preference for packed & processed food, use of barrier films in end-use industries and growing electronics industry.
The barrier films market has been segmented based on material, end-use industry, and region. This report covers the barrier films market and forecasts its market size until 2025. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the barrier films market. The report also provides insights into the drivers and restraints in the barrier films market along with opportunities and challenges. The report also includes profiles of top manufacturers in the barrier market.
PE is the largest material segment of the barrier films market
The barrier films market is segmented on the basis of material into PE, PP, PET/BOPET, polyamide, organic coatings, inorganic coatings, and others. PE holds the major market share of the overall barrier films market owing to its good moisture barrier properties. 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 barrier films market is segmented on the basis of end-use industry into food & beverage packaging, pharmaceutical packaging, agriculture, and others. Food & beverage end-use segment holds major market share of the overall barrier films market owing to growing need for product safety and convenience and increasing consumer preference for process & packaged food are driving the demand for barrier films in food & beverage packaging.
APAC is the largest and fastest-growing market for barrier films market
APAC is the largest and fastest growing market for barrier films market owing to strong demand from end-use industries, such as food & beverage packaging and agriculture, in the region. This dominance is attributed to the high demand from food & beverage, pharmaceutical, and agriculture end-use industries in China, Japan, and India, among others.
Availability of raw materials and labor at economical prices, coupled with significant domestic demand, make this the most attractive market for industry participants. Demand in food & beverage and pharmaceutical packaging and agriculture sector drives the barrier films market in the region. The global demand for barrier films is increasingly driven by developments in APAC, specifically in China, India, and Japan.
The key companies profiled in this report on the barrier films market include 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.
Market Dynamics
Drivers
- Demand for Longer Shelf Life of Food Products
- Increasing Demand for Customer-Friendly Packaging
- Rising Number of Retail Chains in Developing Countries
- Downsizing of Packaging
Restraints
- Susceptibility to Degradation
- Volatile Raw Material Prices
Opportunities
- Biodegradable Barrier Films
- Increasing Use of Agricultural Films
- Growing Applications of Barrier Films in the Electronics Industry
Challenges
- Issue Related to Recycling of Multilayer Films
Porter's Five Forces Analysis
Patent Analysis
- Methodology
- Document Type
- Patent Publication Trends
- Insights
- Jurisdiction Analysis
- Top Patent Applicants
Macroeconomic Indicators
Companies Mentioned
- 3M Company
- Amcor plc
- Berry Global Inc.
- Clondalkin Group
- Cosmo Films Ltd.
- Daibochi Plastic and Packaging Industry Bhd.
- DuPont Teijin Films
- Fraunhofer-Gesellschaft
- Glenroy, Inc.
- Honeywell International, Inc.
- Huhtamaki Group
- Jindal Poly Films Ltd.
- Klockner Pentaplast
- Linpac Senior Holdings Limited
- Mitsubishi Chemical Holdings Corporation
- Mondi
- Plastissimo Film Co. Ltd.
- Proampac
- Raven Industries Inc.
- Sealed Air
- Sumitomo Chemical Co. Ltd.
- Toppan Printing Co. Ltd.
- Uflex Ltd.
- Vitriflex, Inc.
- Winpak Ltd.
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