The global high barrier packaging films market size is expected to reach USD 51.08 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has been experiencing notable growth due to the rising demand for advanced packaging solutions that offer superior protection for products. These films are designed to provide an effective shield against environmental factors such as moisture, oxygen, and light, which can impact the quality and shelf life of packaged goods.
High barrier packaging films are typically used in various sectors, including food and beverages, pharmaceuticals, and electronics. Their primary role is to extend the longevity of products by preventing contamination and degradation. With increasing consumer awareness regarding product quality and safety, the demand for high barrier films has surged.
Gather more insights about the market drivers, restrains and growth of the High Barrier Packaging Films Market
There is a growing preference for packaged foods that retain their freshness and nutritional value. High barrier films meet this demand by offering enhanced protection, leading to their widespread adoption in the food and beverage sector. Innovations in film technology, such as the development of multi-layer films and the incorporation of nano-materials, have significantly improved the performance and versatility of high barrier films. These advancements contribute to their expanded use in various applications.
Moreover, stringent regulations regarding product safety and packaging sustainability are also pushing manufacturers to adopt high barrier films. These films help meet regulatory requirements by ensuring product integrity and minimizing waste. For instance, the pharmaceutical sector requires packaging solutions that can preserve the potency and efficacy of medicines. High barrier films are essential in this industry for protecting sensitive drugs and vaccines from external elements.
High Barrier Packaging Films Market Report Highlights:
- Based on material, the polyethylene (PE) segment dominated the market with the largest revenue share of 44.7% in 2023. PE provides excellent moisture barrier properties and flexibility and is also a cost-effective option
- Based on product, the bags and pouches segment dominated the market with the largest revenue share of 42.8% in 2023. Bags and pouches are used for packaging a wide range of products, from snacks and pet foods to pharmaceuticals and personal care items
- Based on application, the food and beverage segment dominated the market with the largest revenue share of 51.4% in 2023. High barrier packaging films are used to maintain the freshness and quality of products in the food and beverages industry, including snacks, dairy products, and frozen foods
- Asia Pacific dominated the global market with the largest revenue share of over 40.3% in 2023. This can be attributed to the expanding food and beverage industry, rising urbanization, and increasing disposable incomes in the region
Browse more reports published by Grand View Research.
- Thermally Conductive Plastics Market Size, Share & Trends Analysis Report by Type (Polyamide, Polycarbonate), By End-use (Electrical & Electronics, Automotive), By Region, And Segment Forecasts, 2024 - 2030
- Polyethylene Terephthalate Films Market Size, Share & Trends Analysis Report By Type (Conventional PET Films, Shrink PET Films, Isotropic PET Films), By End Use (Food & Beverage, Electrical & Electronics), By Region, And Segment Forecasts, 2024 - 2030
List of Key Players in the High Barrier Packaging Films Market:
- Amcor Plc.
- Sealed Air
- Huhtamaki
- Klockner Pentaplast
- Mondi
- Constantia Flexibles
- Berry Global Inc.
- Coveris
- Sonoco Product Company
- Wipak
- Uflex limited
- Printpack
- Jindal Poly Films
- Cosmo Films Ltd.
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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