Pune, India, May 18, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global multilayer barrier packaging market size is expected to progress at a stable CAGR of 5.8% through the forecast timeline and garner a valuation of USD 49,336 million by the end of 2028.
Speaking of market scope, it has been classified on the basis of end-use application and regional expanse. Extensive coverage of each segment in terms of its size, revenue share, and future outlook has been included so that the stakeholders can identify top gainers in the upcoming years.
Furthermore, the competitive landscape of this business sphere is analyzed minutely based on the product offerings, company overview, financial standing, and technological advancements among others.
Growing inclination towards packaged food products and increasing product penetration in infant food packaging are slated to propel market expansion in the upcoming years.
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Notably, barrier films are laminated on packages to protect contents of the package from vapor, aroma, light, gas, oxygen, flavor, and other pollutants.
Multilayer barriers have a thickness of around 10-50 microns and possess characteristics that promote elasticity, minimize wear & tear, and play a crucial role in avoiding damages due to a puncture and mitigating the dangers of an accidental impact. Hence, multilayer barrier packaging is vital in various end user application sectors.
However, the expensive nature of barrier packaging is a factor that may pose as a threat for market growth during the forecast timeframe.
Segmental overview: -
Based on the application spectrum, global multilayer barrier packaging industry landscape is segregated into food, beverages, pharmaceutical, personal care, and others. Among these, the food segment is anticipated to account for a magnanimous share in the overall market sphere during the study period.
Regional rundown: -
The industry trends are studied across North America, Europe and Asia Pacific regions to identify profitable prospects and enables the investors in thorough business plans.
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Competitive terrain summary: -
Toray Industries Inc., The Wipak Group, Taghleef Industries LLC, SKC Inc., Reynolds Group Holdings, Mondi plc, Mitsubishi Chemical Holdings Corporation, LINTEC Corporation, Kuraray Co. Ltd., Jindal Poly Films Ltd., DuPont Teijin Films, Dow Chemical Company, Berry Global Inc., and Amcor plc are the key players influencing global multilayer barrier packaging market trends.
These companies are directing their resources towards expanding the horizons of their business by the route of mergers, acquisitions, partnerships, and R&D investments to meet the growing demands of consumers and maintain a strong presence within the marketplace.
Global Multilayer Barrier Packaging Market by Application (Value, USD Million, 2018-2028)
- Pharmaceutical
- Personal Care
- Food
- Beverages
- Others
Global Multilayer Barrier Packaging Market by Region (Value, USD Million, 2018-2028)
- North America
- Europe
- Asia Pacific
- Rest of the World (ROW)
Global Multilayer Barrier Packaging Market, Company Profiles (Value, USD Million, 2018-2028)
- Toray Industries Inc.
- The Wipak Group
- Taghleef Industries LLC
- SKC Inc.
- Reynolds Group Holdings
- Mondi plc
- Mitsubishi Chemical Holdings Corporation
- LINTEC Corporation
- Kuraray Co. Ltd.
- Jindal Poly Films Ltd.
- DuPont Teijin Films
- Dow Chemical Company
- Berry Global Inc.
- Amcor plc
Table of Content:
Part 1. Summary
Part 2. Introduction
- Study period
- Geographical scope
- Market segmentation
Part 3. Multilayer barrier packaging market overview
Part 4. Market breakdown by application
- Beverages
- Food
- Personal care
- Pharmaceutical
- Others
Part 5. Market breakdown by region
- Asia Pacific
- Europe
- North America
- Rest of the World (RoW)
Part 6. Key companies
Related Report:
Aseptic Packaging Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
The aseptic packaging market is projected to observe significant growth by 2027 due to the surging product demand in food and beverage applications and increasing focus of manufacturers on offering eco-friendly products. Moreover, the proliferating demand for sterile packaging of pharmaceuticals is set to bolster market growth through the forecast period. The COVID-19 outbreak created an urgent need for effective treatment methods for the illness. Sterile packaging was pivotal for injectables therapeutics used in treating the disease as well as for the success of worldwide immunization efforts. Aseptic packaging is crucial for preserving, transporting, protecting, and distributing vaccines, which has significantly boosted market adoption across the globe. With respect to region, North America accounted for around 18% of the aseptic packaging market in 2020 and is speculated to register steady growth through the analysis period. In 2020, Latin America market held over 9.47% share in the aseptic packaging market and is calculated to grow at a CAGR of around 7.8% through the estimated timeline.
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