The Global Electron High Barrier Packaging Film Market is expected to register a market value of USD 25.32 billion in 2023 and is projected to accumulate a valuation of USD 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 |
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Expected Market Value in 2023 | USD 25.32 billion |
Projected Market Value in 2033 | USD 44 billion |
Growth Rate (2023 to 2033) | 5.6% CAGR |
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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.
In April 2022, Toppan expanded its GL Barrier range with a mono-material Polyethylene barrier designed to pack liquid items in a sterile, durable, and easy-to-recycle material. Intending to meet rising demand in the North American and European markets, the company claims that vapor deposition has previously stood a challenge with Polyethylene packaging and that its new barrier replaces existing designs of its kind.
In May 2021, DuPont's Mobility & Materials division made an investment of USD 5 million in capital and operating resources at its manufacturing plants in Switzerland and Germany to expand their capacity.
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.
In February 2020, Cosmo Films Ltd., a global leader in specialty films announced their barrier films which are solvent-free and prevent contact with oxygen, CO2 or moisture. Therefore, retaining the properties of the packaged foods, and supporting the company’s growth and expansion.
In April 2016, Amcor Ltd. had launched the “Amlite Ultra”, which is a transparent high barrier packaging films product.
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.
Estimated Size, 2025 | USD 19.3 billion |
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Projected Size, 2035 | USD 28.3 billion |
Value-based CAGR (2025 to 2035) | 3.9% |
Market Value for 2023 | USD 2.3 billion |
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Market Value for 2033 | USD 4.1 billion |
Market CAGR from 2023 to 2033 | 4.6% |
Market Value (2023) | USD 12.5 billion |
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Market Projected Value (2033) | USD 25.6 billion |
Market CAGR (2023 to 2033) | 7.4% |
Market Size (2023) | USD 484.8 million |
---|---|
Projected Market Value (2033) | USD 812.5 million |
Market CAGR (2023 to 2033) | 5.3% |
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