The global High Performance Barrier Films Market size is expected to be valued at USD 12.5 billion in 2023. Customization and branding, bolsters the overall scope for high performance barrier films market, which is projected to grow at a CAGR of 7.4% between 2023 and 2033, totaling around USD 25.6 billion by 2033.
| Data Points | Key Statistics |
|---|---|
| High Performance Barrier Films Market Value 2023 | USD 12.5 billion |
| High Performance Barrier Films Market Projected Value (2033) | USD 25.6 billion |
| High Performance Barrier Films Market CAGR (2023 to 2033) | 7.4% |
The rising demand for flexible packaging is a significant factor contributing to the growth of high-performance barrier films. Flexible packaging offers several advantages over traditional rigid packaging, making it a preferred choice for various industries. High-performance barrier films play a crucial role in ensuring the effectiveness and success of flexible packaging solutions.
One of the primary benefits of flexible packaging is its versatility and ability to conform to the shape and size of the product being packaged.
Flexible packaging can be customized to provide a secure and snug fit, whether it's a small snack, liquid-filled pouch, or irregularly shaped item. High-performance barrier films are designed to offer excellent flexibility while maintaining their barrier properties, protecting the contents from external elements.
In the food industry, flexible packaging has gained popularity due to its ability to keep products fresh and extend their shelf life.
High-performance barrier films used in flexible packaging prevent the ingress of oxygen, moisture, and light, which can cause food spoilage and degradation, which is particularly crucial for perishable items like snacks, confectioneries, and baked goods, where maintaining freshness is essential.
In the healthcare and pharmaceutical industries, flexible packaging with high-performance barrier films is used to preserve the efficacy of medicines and medical devices. The films protect sensitive pharmaceutical products from moisture, oxygen, and contaminants, ensuring their stability and safety during storage and transportation.
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The global demand for high performance barrier films is projected to increase at a CAGR of 3.2% during the forecast period between 2018 and 2022, reaching a total of USD 25.6 billion in 2033.
According to Future Market Insights, a market research and competitive intelligence provider, the high performance barrier films market was valued at USD 11.7 billion in 2022.
The increasing demand for e-commerce packaging is a major driving factor behind the growth of high-performance barrier films. More consumers are opting to shop online, with the rapid growth of the e-commerce industry, leading to a surge in the volume of products being shipped and delivered across the globe.
There is a growing need for packaging solutions, as a result, that can effectively protect the products during transit and delivery.
E-commerce packages go through a complex and varied distribution network, involving multiple handling stages and transportation methods, such as trucks, planes, and delivery vans.
Throughout this journey, packages are exposed to various environmental factors, including temperature changes, humidity, and rough handling, which can pose a risk to the integrity of the products inside.
High-performance barrier films offer a reliable solution to safeguard products during e-commerce shipments.
The films are engineered to provide exceptional protection against external elements such as moisture, water vapor, oxygen, and UV light. They effectively shield the contents from potential damage or spoilage that may occur during transportation, by creating a robust barrier.
One of the critical benefits of high-performance barrier films in e-commerce packaging is their ability to maintain the freshness and quality of perishable goods.
For instance, in the food and beverage industry, products like snacks, coffee, and confectioneries often require an airtight and moisture-resistant barrier to preserve their taste and texture during shipping.
Advancements in Barrier Film Technology Sales is Likely to be Beneficial for Market Growth
Advancements in barrier film technology have been instrumental in meeting the ever-increasing demands of various industries for enhanced protection and preservation of their products.
Researchers and manufacturers in the packaging industry are continuously investing in research and development to develop innovative barrier films with improved properties to extend the shelf life, maintain product quality, and reduce the overall environmental impact.
One of the key areas of advancement is the development of multilayer barrier films. The films consist of multiple layers, each designed to offer specific barrier properties.
For instance, a multilayer film may include layers that provide resistance to moisture, oxygen, light, and other external factors, ensuring comprehensive protection for the packaged contents.
Manufacturers can achieve superior barrier performance, by carefully selecting and combining different materials in these films. Another area of innovation is the use of nanotechnology in barrier film development.
Nanocomposites, which integrate nanoparticles into the polymer matrix, have shown promise in significantly improving barrier properties.
Nanoparticles, such as clay or graphene, can create tortuous paths for gas molecules, effectively hindering their permeation through the film, which results in higher gas barrier performance and increased shelf life for perishable products.
Growing Focus on Extended Shelf Life to Fuel the Market Growth
The growing focus on extended shelf life is a key driver for the adoption of high-performance barrier films, especially in the food and beverage industry.
Reducing food waste has become a top priority for manufacturers and retailers alike, with rising consumer awareness about sustainability and environmental impact, high-performance barrier films offer an effective solution to this challenge by protecting perishable items and ensuring their freshness for longer periods.
One of the main causes of food spoilage is exposure to external factors like oxygen, moisture, and light. The factors can lead to the growth of bacteria, oxidation, and degradation of nutrients, ultimately leading to product spoilage and waste.
High-performance barrier films act as a protective shield, preventing these external factors from coming into contact with the packaged food or beverage.
For instance, in the meat and dairy industry, where freshness is of utmost importance, barrier films with superior oxygen and moisture barrier properties are utilized.
The films effectively block the entry of oxygen, which slows down the oxidation process and extends the shelf life of products like meat, cheese, and milk. The risk of spoilage is significantly reduced, leading to reduced food waste and improved product quality, by minimizing the exposure to oxygen.
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Polyethylene Terephthalate to Take the Lion’s Share
By material, the PET material segment is estimated to be the leading segment at a CAGR of 7.3% during the forecast period.
Polyethylene Terephthalate (PET) is expected to boost the market growth significantly. PET is a versatile material known for its excellent barrier properties against moisture, oxygen, and other gases.
It has become a preferred choice in various industries, such as food and beverages, pharmaceuticals, electronics, and personal care, due to its exceptional performance in protecting and preserving sensitive products.
The food and beverage industry is a major consumer of high-performance barrier films, and PET is widely used in the production of flexible packaging solutions like pouches, bags, and wraps.
PET barrier films play a vital role in extending the shelf life of perishable products, maintaining freshness, and preventing spoilage during storage and transportation, with the rising demand for convenience foods and ready-to-eat meals,
In the pharmaceutical industry, PET barrier films are utilized in blister packs, sachets, and pouches for protecting sensitive medications and medical devices from moisture, light, and oxygen. The demand for PET-based barrier films is expected to grow, as the pharmaceutical sector continues to expand, especially with the increasing focus on personalized medicine and healthcare.
Food & Beverage to Take the Lion’s Share
Based on the end-user, the food & beverage segment holds the largest share of the market. The segment is expected to hold a CAGR of 7.3% during the forecast period.
The food and beverage industry requires reliable packaging solutions that can protect perishable products from external factors like moisture, oxygen, and contaminants.
High-performance barrier films, especially those made from materials like polyethylene terephthalate (PET) and polypropylene (PP), offer excellent barrier properties, ensuring the freshness and quality of food and beverage products. The demand for high-performance barrier films in this segment is expected to rise, as consumer preferences shift towards convenience and safety.
Manufacturers and retailers in the food and beverage sector are striving to extend the shelf life of their products to reduce food waste and enhance supply chain efficiency.
High-performance barrier films play a crucial role in preserving the flavor, aroma, and nutritional value of perishable items, contributing to the extension of their shelf life. The food and beverage industry, as a result, is increasingly adopting high-performance barrier films to address these sustainability and waste reduction goals.
The flexible packaging industry has witnessed substantial growth due to its lightweight, cost-effectiveness, and ease of customization. High-performance barrier films, especially those with excellent moisture and oxygen barrier properties, are preferred for flexible packaging applications.
The food and beverage sector is driving the growth of high-performance barrier films for flexible packaging applications, with the rising demand for convenient and lightweight packaging solutions.
Rising Working Population to Boost the Market Growth
Based on region, the demand for high performance barrier films is expected to be the highest in the East Asia. The growth is attributable to the rising working population and the increasing purchasing power of people across developing countries, such as China and japan. The region is expected to hold a CAGR of 7.3% over the analysis period.
The ongoing trend of consumerism and the rapid expansion of the pharmaceutical sector in these countries are some of the other crucial factors that are anticipated to augment growth. The number is set to grow in future years, thereby driving the East Asia market.
Increasing Demand for Packaged Food & Beverages to Boost the Market Growth
The surging demand for packaged foods and beverages in the United States and Canada is likely to spur the North American high performance barrier films market share in the evaluation period.
The urgent need for pouch packaging for keeping packaged consumables fresh for a long period of time is another vital factor that is set to fuel the regional market.
The rising development of high-quality pharmaceutical packaging, such as pouches and bags to protect medicines from external influences is anticipated to drive the market. The presence of various renowned packaging manufacturers in North America is also estimated to accelerate growth, and is expected to hold a CAGR of 7.2% over the analysis period.
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High performance barrier films market startup players are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to create a larger customer base. For instance,
Key players in the high performance barrier films market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications.
The players are emphasizing on increasing their high performance barrier films production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported high performance barrier films.
Recent Developments:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Billion for value and Tons for Volume |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; and Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel. |
| Key Segments Covered | Material, Type, End User, and Region |
| Key Companies Profiled | Perlen Packaging AG; Avery Dennison Israel Ltd. Taghleef Industries LLC.; Sigma Technologies Int'l, LLC; Klöckner Pentaplast Europe GmbH & Co.; Cosmo Films Limited; Toray Plastics (America), Inc.; Jindal Poly Films Limited; Honeywell International Inc.; Taghleef Industries LLC; PRINT PACK India; Winpak Portion Packaging Inc.; Novolex Holdings LLC |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
From 2018 to 2022, global sales increased at an HCAGR of 3.2%.
The market is expected to continue to thrive at an 7.4% CAGR through 2033.
The market is expected to achieve USD 25.6 billion by 2033.
The market is expected to be valued USD 12.5 billion in 2023.
PET material is the preferred segment by material, with a CAGR of 7.3%.
North America market is anticipated to accelerate at a CAGR of 7.2% from 2023 to 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Polyethylene (PE) 5.2. Polypropylene (PP) 5.3. Polyethylene Terephthalate (PET) 5.4. Polystyrene (PS) 5.5. Polyvinyl Chloride (PVC) 5.6. Polylactic Acid 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Bags & Pouches 6.2. Stand-up Pouches 6.3. Retort 6.4. Non-Retort 6.5. Tray Lidding Films 6.6. Forming Webs 6.7. Wrapping Films 6.8. Blister Pack Base Webs 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Food & Beverage 7.2. Pharmaceuticals 7.3. Electronics 7.4. Construction 7.5. Agriculture & Allied Industries 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Perlen Packaging AG 18.2. Avery Dennison Israel Ltd. 18.3. Sigma Technologies Int'l, LLC 18.4. Klöckner Pentaplast Europe GmbH & Co. 18.5. Cosmo Films Limited 18.6. Toray Plastics (America), Inc. 18.7. Jindal Poly Films Limited 18.8. Honeywell International Inc. 18.9. Taghleef Industries LLC 18.10. PRINT PACK INDIA 18.11. Winpak Portion Packaging, Inc. 18.12. Novolex Holdings, LLC 19. Assumptions & Acronyms Used 20. Research Methodology
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High Performance Barrier Films Market
