USD 4916.02 million
High Barrier Films Market Size, Share, Growth Analysis, By Material Type(PE, BOPP, BOPET, CPP), By End User(Processed food manufacturers, suppliers, packaging service providers), By Application(Meat, fish, dairy, snacks), By High barrier films type(Metalized Films, Clear Films, Organic Coating Films, and Inorganic Oxide Coating Films), By Packaging type(Pouches, Bags, Lids, Shrink Films), By Region - Industry Forecast 2024-2031
Report ID:
SQSG15A2051 |
Region:
Global |
Published Date: February, 2024
Pages:
246
|Tables:
157
|Figures:
78
High Barrier Films Market Insights
Global High Barrier Films Market size was valued at USD 4916.02 million in 2019 and is poised to grow from USD 12057.17 million in 2023 to USD 19345 million by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
Market expansion is primarily attributable to the rising demand from the meat sector, increasing demand for high barrier packaging films for products with longer shelf lives, and growing consumer concern about reducing food waste. Additionally, manufacturers of high barrier packaging films may benefit financially from the growth in demand for biodegradable high barrier packaging films. The market for high barrier films for food packaging is anticipated to develop, although to a certain extent, it will be constrained by sensitivity to degradation.
The food and beverage industry is switching from heavy-duty packaging to lightweight, portable packaging. Barrier films assist in meeting this need since they are more flexible than rigid packaging and do not contain glass or cans, which add to the packaging’s weight. The barrier film also effectively prevents water vapour from coming in contact with delicate foods and oxygen transfer. All of these elements are anticipated to fuel the demand high barrier films used in food packaging.
US High Barrier Films Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Processed food manufacturers and suppliers
Fastest Growth
Packaging service providers
Growth Rate
6.6% CAGR
Global High Barrier Films Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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High Barrier Films Market Segmental Analysis
Global High Barrier Films Market is segmented based on the material type, end user, application and region. Based on the material type, the Global High Barrier Films Market is segmented into PE, BOPP and BOPET, CPP, EVOH, nylon. Based on the end users, the High Barrier Films Market has been segmented into processed food manufacturers and suppliers, packaging service providers. Based on the application, the High Barrier Films Market has been segmented into meat and fish, dairy, snacks, beverages, dehydrated foods & cereals, bakery products, confectionery, pet food. Based on high barrier films type, the High Barrier Films Market is segmented into Metalized Films, Clear Films, Organic Coating Films, and Inorganic Oxide Coating Films. Based on packaging type, the High Barrier Films Market is segmented into Pouches, Bags, Lids, Shrink Films, Laminated Tubes, and Others. Based on Region High Barrier Films Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
High Barrier Films Market Analysis by Material Type
The polyethylene (PE) segment is dominated the market and account for the largest share of the high barrier film maker in 2021. Also it is fastest growing segment during the forecast period. The significant portion is primarily explained by the growing need to replace glass and metal with polyethylene films, as well as by the rise in the demand for hygienic and long-lasting food packaging materials and consumer environmental concerns.
High Barrier Films Market Analysis by End User
The processed food manufacturers and suppliers segment is dominated the market in terms of end users and accounts for the largest share of the global high barrier film market. The rising demand for processed food items and the rising number of food processing facilities are primarily responsible for this segment’s sizable market share.
Packaging service providers are faster growing segment during the forecast period due to advertising and product development. These sectors growth is attributed to advertising done through designing helps brand boost sales of the product. Packaging with information regarding the product helps customers make decisions these type of benefit are in the mind of manufacture that why the demand for these sectors is increased.
Global High Barrier Films Market Size By End Users , 2021-2028 (%)
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High Barrier Films Market Regional Insights
North America is dominated the high barrier film maker in 2021, and account a largest share of market in coming years. In the US, presence of food and beverage industry boost the demand for high barrier film to pack food products for safety of product. Also, the availability of many end user industry of high barrier film in North America region accelerate the market growth in the region.
During the forecast period, the Asia Pacific high barrier film market is expected to expand rapidly. Customers' increasing purchasing power in developing countries such as India and China has increased demand for various food, beverage, and retail products, resulting in rapid growth in the high barrier film packaging market. Changes in lifestyle and work culture, particularly in India, have fueled demand for packaged food and beverage products that are simple to use and transport, propelling the Asia Pacific high barrier film packaging market forward.
Global High Barrier Films Market By Geography, 2021-2028
- Largest
- Fastest
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High Barrier Films Market Dynamics
High Barrier Films Market Driver
- Demand for Longer Self Life for Food Products
The need for barrier films is being driven by customers’ increasingly hectic lifestyles and their resulting need for simple food packing. The use of preservatives is decreased and the product life is extended thanks to barrier films. Barrier films can serve as a printing substrate, which gives the product a beautiful appearance. The food and beverage sector is moving away from heavy, cumbersome packaging to lightweight, portable packaging. Barrier films assist in meeting this need since they are more flexible than rigid packaging and do not contain glass or cans, which add to the weight of packaging.
High Barrier Films Market Restraint
- Susceptibility to Degradation
Barrier coatings are vulnerable to oxidative deterioration at high temperatures. PVDC, which resembles PVC in certain ways, becomes unstable in the presence of heat and UV radiation. Pinholes and cracks in the coating layers are the primary causes of the degradation of barrier films. Another material utilised in the creation of barrier films that provides great protection against odours and gases is nylon. However, nylon has a propensity to quickly absorb moisture and function as a plasticizer, reducing the polymer’s ability to operate as a gas barrier. When exposed to light or very high temperatures, several resins used to create barrier films change their characteristics.
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High Barrier Films Market Competitive Landscape
Global High Barrier Films Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
High Barrier Films Market Top Player's Company Profiles
- Mondi plc
- Amcor Limited
- Sealed Air Corporation
- Berry Global Inc.
- Winpak Ltd.
- Coveris Holdings S.A.
- DuPont de Nemours, Inc.
- Mitsubishi Chemical Corporation
- Huhtamaki Oyj
- Plastopil Hazorea Company Ltd.
- Toray Industries, Inc.
- Flexopack SA
- Schur Flexibles Holding GesmbH
- Innovia Films Ltd.
- Jindal Poly Films Limited
- Uflex Limited
- Bemis Company, Inc.
- Glenroy, Inc.
- Cosmo Films Limited
- Seiwa Inc.
High Barrier Films Market Recent Developments
- In October 2022, Toppan launched new product of GL Barrier brand products centered on transparent barrier films by developing new polypropylene (PP) mono material barrier packaging with outstanding heat and water resistance.
- In September 2022, Jindal introduced new high barrier Ethy-Lyte films, which can be adopted in the flexible packaging market as PE printing films for recyclable mono-PE structures.
High Barrier Films Key Market Trends
- Depending on the tailored and application needs from industries, bespoke high barrier packaging film production varies. According to the thickness and different layer options needed based on the products that need to be packaged, customised high barrier films are produced. Every product is distinct, and every buyer has distinctive needs. Customized high barrier films add a sense of individuality to a product and strengthen its branding.
High Barrier Films Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global High Barrier Films Market analysis, Asia Pacific is expected to capture higher market share during forecast period. The growth of the region is attributed to growing demand for package food. India and China has emerged as a significant contributor to market growth in Asia Pacific. In terms of material type, the PE type material segment dominates the high barrier films market. This segment's leading position can be attributed to its demand for hygienic and long-lasting food packaging materials. In terms of end users, the food processor and suppliers application led the market and is predicted to grow at the fastest rate.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 4916.02 million |
| Market size value in 2031 | USD 19345 million |
| Growth Rate | 6.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on High Barrier Films Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on High Barrier Films Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the High Barrier Films Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the High Barrier Films Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the High Barrier Films Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the High Barrier Films Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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