The upcoming report by Future Market Insights (FMI) provides in-depth and segment-wise analysis and forecast of the global high barrier film packaging market. The report titled “High Barrier Film Packaging Market: Global Industry Analysis and Opportunity Assessment 2016-2026,” offers a country-wise forecast on all the major parameters of the high barrier film packaging market.
High barrier film packaging protects materials and products from dust, moisture, oxygen, etc., that can damage product quality. This type of packaging is majorly used in pharmaceutical packaging and food packaging, increasing the shelf-life of various pharma and food products.
Key Trends in the Global High Barrier Film Packaging Market: Rising demand for fresh meat packaged products under a low-oxygen MAP is driving the demand for high barrier film packaging. Growing demand for bags and stand-up pouches in pharmaceutical, food & beverages, personal care, and cosmetics is also resulting in the rising demand for high barrier film packaging market. Meanwhile, with rising environmental concerns is also resulting in the development of high barrier packaging products using new and eco-friendly materials and innovative production techniques. Plastic is one of the most widely used material in high barrier film packaging, however, plastic allows the exchange of vapours and gases, hence there has been a reduction in the use of plastic as a material for production. Increasing application of high barrier film packaging in pharmaceutical products and FMCG products will continue to witness growth throughout the forecast period.
Europe to Emerge as a Leading market in the Global High Barrier Film Packaging Market
The global high barrier film packaging market is likely to witness robust growth during the forecast period 2016-2026. The report provides insights on major markets including Europe, North America, Latin America, the Middle East and Africa (MEA), and Asia Pacific. Among all these regions, Europe is expected to remain dominant in the global high barrier film packaging market. The region will witness growth in terms of both manufacturing and demand capacity. Europe will be followed by North America as the second largest market in high barrier film packaging. Owing to the rise in customer base, Asia Pacific high barrier film packaging market will also experience the fastest growth in terms of volume. Meanwhile, Latin America and MEA regions are anticipated to experience above-average growth between 2016 and 2026.
Food & Beverage to Witness Growth on the Basis of Application: The market is segmented on the basis of material type, application, technology type, product type, and region. In terms of application, the market is segmented into pharmaceutical & medical, food & beverage, personal care & cosmetics, and other. Among all these, food & beverage segment is expected to emerge as the biggest segment on the basis of the application.
On the basis of material type market includes biaxial oriented polyethylene terephthalate, transparent high barrier films, silicon oxide and aluminium oxide, biaxial oriented polyamide, low-density polyethylene and linear low-density polyethylene, ethylene vinyl alcohol, polyvinyl chloride, polyvinyidene chloride, metalized films polyacrylonitrile, polyvinyl alcohol, Nylon (Cast and Biax), inorganic, vinyl, and cyclic olefin copolymer. In terms of product type, the segment includes tray lidding film, pouches & bags, forming webs, blister packs, wrapping film, and stand-up pouches.
Meanwhile, the market in terms of technology type includes ORMOCER, polymer nanocomposites, multi-layer film, melamine-based barrier coatings, sustainable barrier coatings, besela barrier film, and other.
The report also profiles some of the leading market players such as Bemis Company, Amcor Limited (Australia), American Pouch, Ampac Oliver-Tolas, HPM Global, Inc., Sealed Air, Krehalon, Janco Inc., Flair Flexible, Winpak Limited, BERNHARDT Packaging, Constantia Flexibles, Wipak Group, Dupont, and MULTIVAC. Meanwhile, other key market players are 3D Packaging, Perlen Packaging, Sonoco, ClearBags, Prairie State Group, and Shako Flexipack.
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