The global electron high barrier packaging film market is expected to register a market value of US$ 25.32 billion in 2023 and is projected to accumulate a valuation of US$ 44 billion by exhibiting a CAGR of 5.6 % in the forecast period 2023 to 2033. The electron high barrier packaging film market registered a growth of 4.2% CAGR in the historical period 2018 to 2022.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 25.32 billion |
| Projected Market Value in 2033 | US$ 44 billion |
| Growth Rate (2023 to 2033) | 5.6% CAGR |
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Principal Consultant
Recent developments and breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing electron high barrier packaging films are expected to create lucrative opportunities for market growth during the forecast period.
Having a thickness of more than 25 micrometer, the high barrier packaging films are being utilized for providing moisture and oxygen barrier protection for end-use products in several end-use industries including beverages, pharmaceuticals, food, etc. A barrier film increases the shelf life of the product and safeguards the food from light, oxygen, and water vapors.
The high-barrier films are majorly used for MAP (Modified Atmosphere Packaging) in the bakery, cheese and meat industries. It is the superior quality packaging process that enhances the freshness of the product.
The barrier films have a flexible structure. Peculiar features such as improved/enhanced thermoforming properties, easy peel options, and improved strength coupled with good stability are anticipated to boost the electron-high barrier packaging film market.
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As the customers are becoming more and more inclined towards environmental issues, they are preferring the light-weight packaging solutions such as high barrier packaging films and are prioritizing the portable packaging in order to decline the waste.
Customers are paying more attention to the convenience factor and the “grab and go” products instead of buying in bulk, thereby resulting in increase in the demand for packaged foods. Moreover, excellent optics couples with easy peel options make the electron high barrier films all the more desirable.
Nano-sized and sub-micro sized additives offer improvement in the barrier properties under both rigid and flexible packaging. The barrier technology is constantly improving and the active and intelligent packaging is becoming a reality. Having applications under vacuum and modified atmosphere packaging, which provides extended shelf life and is perfect for packing the MAP fresh bread, fresh meat, cheese.
Adding to that, Cosmofilms Ltd, have engineered BOPP based Barrier films, which improves the shelf life of the product as well as shields them against microbial flora, relative humidity, water activity, etc.
Key players such as
are few players which manufacture electron high barrier packaging films.
Key players manufacturing the electron high barrier packaging films are continuously roping in the new technologies and are launching new series of the barrier films. Innovia Films, for example, had launched the brand new series of transparent barrier films packaging solutions for dried fruits, cereal bars, biscuits, etc.
The Asia Pacific plays a huge role in shaping the electron high barrier packaging film market due to the presence of innovative technology coupled with cheap labor and a large consumer base to cater to. As customers are preferring “grab and go” products, the demand for packaged food products is at an all-time high in India due to increasing awareness towards the hygiene benefits of the same.
Also due to highly flourishing food services and eateries, demand for electron high barrier packaging films is expected to develop in India during the forecasted period.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. Packaging Application 6.3. End-Use Application 7. Global Market Analysis and Forecast, By Material 7.1. Polyethylene (PE) 7.2. Biaxially Oriented Polyethylene Terephthalate (BOPET) 7.3. Polypropylene 7.4. Polyvinyl Chloride (PVC) 7.5. Others (Polystyrene and Nylon) 8. Global Market Analysis and Forecast, By Packaging Application 8.1. Bags 8.2. Pouches 8.3. Blister base films 8.4. Tray lidding films 8.5. Wrapping films and forming webs 9. Global Market Analysis and Forecast, By End-Use Application 9.1. Food and Beverages 9.2. Pharmaceutical and Healthcare 9.3. Personal Care and Home Care 9.4. Agriculture 9.5. Chemicals 9.6. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Material, Packaging Application, and End-Use Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Jayshri Propack Pvt. Ltd. 20.2. Essen Multipack Limited 20.3. Schur Flexibles Holding GesmbH 20.4. Ultimet Films Limited 20.5. Toppan Printing Co. Ltd 20.6. Dai Nippon Printing Co., Ltd. 20.7. Amcor 20.8. DuPont Teijin Films 20.9. TORAY INDUSTRIES, INC 20.10. Polyplex Corporation Limited, etc.
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Electron High Barrier Packaging Film Market
