The global High Barrier Packaging Films Market is expected to surpass USD 18.5 billion in 2023, and is likely to witness a moderate CAGR of 3.9% in the estimated time frame (2023 to 2033). The market is projected to be valued at USD 33.6 billion by 2033.
Sales of high barrier packaging films are likely to skyrocket amid surging demand for processed food items, thereby enabling top 5 manufacturers to hold around 29% of the global market share in 2023.
Burgeoning demand for meat across the globe is anticipated to drive sales of high-performing films made of polyethylene. These films are considered to be suitable for meat, poultry, and fish packaging as they are heat resistant, durable, and have an excellent oxygen barrier.
Pharmaceutical companies are also anticipated to propel demand for numerous packaging solutions that can provide cost-effectiveness, insulation from external surroundings, ease of handling, and high levels of protection. Blister base high packaging films are expected to be mainly used by these companies as they do not allow for the exchange of gases in the packaging.
As per Future Market Insights, by film type, organic coating films are projected to remain at the forefront and create an incremental opportunity of USD 3.6 billion from 2023 to 2033. High barrier packaging films are expected to hold around 9% of the global packaging films market, which is expected to be worth USD 209.7 billion in 2023.
The global market for high barrier packaging films generated a revenue of about USD 17.6 billion in 2022. With propelling demand from the food & beverage industry, the market for high barrier packaging films is projected to expand 1.9x during the forecast period.
The market for high barrier packaging films is estimated to create an absolute dollar opportunity of USD 9.9 billion between 2023 and 2033. Significantly rising demand for processed & ready-to-eat packaged food items and high focus of consumers toward buying hygienic & quality products would spur demand for high barrier packaging films.
| Attributes | Key Insights |
|---|---|
| High Barrier Packaging Films Market Estimated Size (2023E) | USD 18.5 billion |
| Projected Market Valuation (2033F) | USD 33.6 billion |
| Value-based CAGR (2023 to 2033) | 3.9% |
| Collective Value Share: Top 3 Countries (2023E) | 40% to 45% |
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The global high barrier packaging films market witnessed a CAGR of 4.9% during the historical period between 2015 and 2022. The market stood at a valuation of USD 12.5 billion in 2015 and reached around USD 17.5 billion in 2022.
High barrier packaging films play a significant role in enhancing the shelf life of products as they provide excellent barrier properties such as moisture and preserve the aroma of food. High barrier packaging films demand is increasing as they enhance food quality, ensure food safety, extend the shelf life of products, convenient to use, and cost-effective.
They are used in various industries such as food & beverage, pharmaceutical, healthcare, and retail. High barrier packaging films are set to be an integral part of the supply chain in healthcare and food industries.
Pharmaceutical industry has a unique requirement for packaging in terms of insulation from the outside environment. Hence, high barrier packaging films sales are anticipated to witness significant growth during the forecast period.
Need for Transparent High Barrier Thermoforming Films to Boom among Fruit and Vegetable Vendors
In food & beverage products, see-through and transparent packaging makes a broad impact. High barrier packaging films are manufactured by using functional materials that maintain the quality of food, as well as its aroma, taste, and texture. High barrier packaging films are extensively used to package food items such as dairy products, fruits, and vegetables.
Due to excellent oxygen barrier, durability, lightweight nature, and heat resistance of high barrier packaging films, their demand is projected to catapult throughout the assessment period. High meat consumption worldwide is another vital factor that would boost sales in the market.
Packaged food providers prefer transparent high barrier films to help consumers better understand about the content present inside the packaging to make a purchase decision. They are striving to provide fresh products. High visibility and aesthetic appeal are a couple of attributes preferred by modern consumers. Transparent barrier films are hence expected to continue to showcase steady growth during the forecast period.
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| Country | USA |
|---|---|
| Market Share (2023) | 11.9% |
| Market Share (2033) | 10.9% |
| Basis Points (BPS) Analysis | -110.0 |
| Country | Germany |
|---|---|
| Market Share (2023) | 4.3% |
| Market Share (2033) | 3.7% |
| Basis Points (BPS) Analysis | -60.0 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 8.1% |
| Market Share (2033) | 8.5% |
| Basis Points (BPS) Analysis | 30.0 |
| Country | China |
|---|---|
| Market Share (2023) | 3.2% |
| Market Share (2033) | 3.2% |
| Basis Points (BPS) Analysis | 10.0 |
| Country | India |
|---|---|
| Market Share (2023) | 6.5% |
| Market Share (2033) | 8.7% |
| Basis Points (BPS) Analysis | 220.0 |
Launch of Plastic Packaging Tax in the United Kingdom to Fuel Demand for High Barrier Food Packaging
The United Kingdom is set to be one of the leading manufacturers of high barrier films, as well as a prominent importer of organic coating films, which makes the country one of the global leaders in the high barrier packaging films industry. Rising demand for packaged and processed food products is projected to drive the market.
Rapid expansion of ready-to-eat meals services in the country will also bolster growth in the market. Several food & beverage companies in the United Kingdom are adopting sustainable packaging strategies by using less base plastic material and energy during production.
The United Kingdom government, on a mission to find out a way to reduce the use of commercial plastics, introduced a Plastic Packaging Tax in April 2022. This tax aims to provide a clear economy for businesses to use recycled plastic in the field of plastic film packaging. Due to this tax, numerous manufacturers are collaborating with eco-friendly material providers to develop new innovative packaging solutions.
Spurring Demand for Non-Durable Goods in the USA to Drive High Barrier Packaging Sales
High barrier packaging films are set to showcase excessive demand due to increasing consumption of packaged food items among the USA population. According to the Plastic Industry Organization, total plastic product consumption was 83.5% in 2020, in which, around 29.4% was used in the packaging of non-durable goods.
Total plastic industry shipment in 2020 was USD 394.7 billion. Demand for plastic in the USA is expected to surge rapidly, and it is further anticipated to boost high barrier packaging film sales.
Use of Plastic High Barrier Packaging to Skyrocket among Medical Device Manufacturers
Plastic high barrier packaging films are set to be the most preferred material type. The segment is expected to reach a valuation of USD 24.3 billion by 2033, says Future Market Insights. Growth is attributed to their cost-effective, lightweight, transparent, and durable nature.
They are mainly used to protect food products by retaining the food quality and its freshness. Plastic high barrier packaging films are extensively used to package medical devices as they have sharp edges, requiring a shield of protection. Demand for plastic high barrier films is hence set to increase at a CAGR of 6.4% during the forecast period.
High Demand for Processed Food Items to Boost Sales of Barrier Packaging Films
Increasing preference for processed and convenient packaged foods is projected to drive the food segment in terms of end user during the assessment period. The segment is expected to hold around 75% of the global high barrier packaging films market share.
Due to rising demand for prepared foods and microwave ovens, the high barrier packaging films industry is expanding at a rapid pace. Foods that have been processed begin to lose quality when moisture, chemicals, and environmental factors are involved. Shelf life of these food items can be increased while maintaining their freshness by using high barrier packaging films that maintain the taste and aroma of food products.
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Key players in the high barrier packaging films industry are aiming to boost their sales and revenues by introducing new capacities to satisfy the surging demand. Few of the leading players are attempting to implement a merger and acquisition strategy to increase their resources. They are also developing new products to satisfy high consumer demand. In order to meet this demand, these players are focusing on improving their manufacturing facilities.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 18.5 billion |
| Projected Market Valuation (2033) | USD 33.6 billion |
| Value-based CAGR (2023 to 2033) | 3.9% |
| Historical Data | 2015 to 2022 |
| Forecast Period | 2023 to 2033 |
| Market Analysis | Value (USD billion) and volume (tons) |
| Segments Covered | Film Type, Material Type, Packaging Type, End User, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan Countries; Baltic Countries; Middle East and Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, South Korea, China, Japan, India, ASEAN, Australia & New Zealand, Germany, France, Spain, Italy, BENELUX, Nordics, United Kingdom, Poland, Hungary, Romania, Czech Republic, Others, Gulf Cooperation Council Countries, Türkiye, Northern Africa, South Africa, Israel, Saudi Arabia |
| Key Companies Profiled | Amcor Plc; Sealed Air Corp; Glenroy, Inc.; Winpak Ltd.; Mondi Plc; Toray Plastics (America), Inc.; Berry Global, Inc.; Schur Flexibles GmbH; Huhtamaki Oyj; Jindal Poly Films Ltd.; Uflex Ltd.; Cosmo Films Ltd.; Bischof & Klein SE & Co. KG; Plastissimo Film Co., Ltd.; Celplast Metallized Products Ltd.; Dunmore Corporation; ProAmpac Intermediate, Inc.; Polyplex Corporation Limited; Shrinath Rotopack Pvt. Ltd.; ACG Worldwide Private Limited |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The high-barrier film packaging market is estimated to capture a valuation of USD 18.5 billion in 2023.
High visibility and transparent packaging are the key marketing strategies.
The market is estimated to secure a valuation of USD 33.6 billion by 2033.
The increasing demand for packaged and processed food is the current market trend.
Plastic holds a lucrative opportunity in the global market.
1. Executive Summary | High Barrier Packaging Films Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Film Type 5.1. Metalized Films 5.2. Clear Films 5.3. Organic Coating Films 5.4. Inorganic Oxide Coating Films 6. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Material 6.1. Plastic 6.1.1. Polyethylene (PE) 6.1.2. Polypropylene (PP) 6.1.3. Ethylene Vinyl Alcohol (EVOH) 6.1.4. Polyethylene Terephthalate (PET) 6.1.5. Polyvinylidene Chloride (PVDC) 6.1.6. Polyamide (Nylon) 6.1.7. Polyethylene Naphthalate (PEN) 6.1.8. Others (LCD, PS, PVC, PLA, PA) 6.2. Aluminum 6.3. Oxides 6.3.1. Aluminum Oxide 6.3.2. Silicon Oxide 6.4. Others 7. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Packaging Type 7.1. Pouches 7.2. Bags 7.3. Lids 7.4. Shrink Films 7.5. Laminated Tubes 7.6. Others 8. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by End User 8.1. Food 8.1.1. Middle East and Africat, Seafood, and Poultry 8.1.2. Baby Food 8.1.3. Snacks 8.1.4. Bakery and Confectionery 8.1.5. Pet Food 8.1.6. Dairy Food 8.1.7. Ready to Eat Middle East and Africals 8.1.8. Other Food 8.2. Beverages 8.2.1. Alcoholic Beverages 8.2.2. Non Alcoholic Beverages 8.3. Pharmaceuticals 8.4. Electronic Devices 8.5. Medical Devices 8.6. Agriculture 8.7. Chemicals 8.8. Others 9. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Region 9.1. North America 9.2. Latin America 9.3. East Asia 9.4. South Asia & Pacific 9.5. Western Europe 9.6. Eastern Europe 9.7. Central Asia 9.8. Russia & Belarus 9.9. Balkan Countries 9.10. Baltic Countries 9.11. Middle East and Africa 10. North America Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 11. Latin America Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 12. East Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 13. South Asia & Pacific Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 14. Western Europe Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 15. Eastern Europe Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 16. Central Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 17. Russia & Belarus Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 18. Balkan Countries Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 19. Baltic Countries Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 20. Middle East & Africa Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Country 21. Country wise Market Analysis 22. Market Structure Analysis 23. Competition Analysis 23.1. Amcor Plc 23.2. Sealed Air Corp 23.3. Glenroy, Inc. 23.4. Winpak Ltd. 23.5. Mondi Plc 23.6. Toray Plastics (America), Inc. 23.7. Berry Global, Inc. 23.8. Schur Flexibles GmbH 23.9. Huhtamaki Oyj 23.10. Jindal Poly Films Ltd. 23.11. Uflex Ltd. 23.12. Cosmo Films Ltd. 23.13. Bischof & Klein SE & Co. KG 23.14. Plastissimo Film Co., Ltd. 23.15. Celplast Metallized Products Ltd. 23.16. Dunmore Corporation 23.17. ProAmpac Intermediate, Inc. 23.18. Polyplex Corporation Limited 23.19. Shrinath Rotopack Pvt. Ltd. 23.20. ACG Worldwide Private Limited 24. Assumptions and Acronyms Used 25. Research Methodology
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High Barrier Packaging Films Market
