Packaging Barrier Films Market
Packaging Barrier Films Market Forecasts to 2030 - Global Analysis By Material Type (Polymers, Inorganic Films and Other Material Types), By Packaging Type (Bags and Pouches, Lidding Films and Other Packaging Types), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $27.19 BN |
|
Projected Year Value (2030) |
US $39.29 BN |
|
CAGR (2023-2030) |
5.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Packaging Barrier Films Market is accounted for $27.19 billion in 2023 and is expected to reach $39.29 billion by 2030 growing at a CAGR of 5.4% during the forecast period. Packaging barrier films are specialized materials used in packaging to safeguard products from external elements like moisture, oxygen and gases. These films provide a protective barrier, extending shelf life, maintaining product freshness and preventing spoilage or contamination. Tailored to specific needs, they preserve quality and ensure product integrity.
Market Dynamics:
Driver:
Rising demand for packaged food and beverages
Due to changing lifestyles and growing urbanization, there's a surge in consumer preference for convenient, ready-to-eat and on-the-go packaged products. Barrier films play a pivotal role in preserving these perishable items, extending their shelf life and maintaining freshness by safeguarding against moisture, oxygen and contaminants. As a result, the rising demand for packaged consumables propels the need for effective and reliable barrier film solutions.
Restraint:
Fluctuating raw material prices
Variations in the cost of materials like polymers additives or specialized coatings impact production expenses, affecting profit margins and pricing strategies. Unpredictable price fluctuations disrupt supply chain stability and planning, making it challenging for manufacturers to forecast and manage production costs. These uncertainties may hinder investment decisions and innovation and could potentially limit the market's growth.
Opportunity:
Development of novel barrier films
Innovations in material science and manufacturing technologies enable the creation of films with enhanced barrier properties, such as improved resistance to oxygen, moisture and other external factors. These advancements cater to evolving industry needs for sustainable, lightweight, and cost-effective packaging solutions. Novel films offer the potential for extended product shelf life, reduced waste and expanded applications across diverse industries, driving market growth and competitiveness.
Threat:
Emergence of new packaging technologies
Innovative packaging solutions, such as active or smart packaging, might offer enhanced functionalities like real-time monitoring or interactive features, potentially overshadowing traditional barrier films. If these new technologies prove more effective in preserving product quality or offer added benefits beyond mere protection, they could disrupt the demand for conventional barrier films, which would hinder market expansion.
Covid-19 Impact:
The COVID-19 pandemic disrupted the packaging barrier films market by altering consumer behavior and industry dynamics. Supply chain disruptions, decreased manufacturing capacities and shifts in demand patterns for essential goods impacted the market. Additionally, fluctuations in raw material availability and logistical challenges hindered production and distribution, influencing market growth and causing uncertainties in meeting the evolving packaging needs during the pandemic.
The polymers segment is expected to be the largest during the forecast period
The polymers segment is projected to lead the packaging barrier films market due to its diverse applications and versatility. Polymers offer a wide range of barrier properties against moisture, oxygen and gases, meeting various packaging needs. With continuous advancements in polymer technology, these materials cater to different industries such as food, pharmaceuticals and electronics, driving their extensive use. Additionally, the adaptability and cost-effectiveness of polymer-based barrier films contribute to their prominence and anticipated market dominance.
The wrapping films segment is expected to have the highest CAGR during the forecast period
The wrapping films segment is anticipated to achieve significant growth due to increased demand for flexible and efficient packaging solutions. As consumer preferences shift towards convenience and sustainability, wrapping films offer versatile applications across various industries. Their adaptability to different shapes and sizes, along with advancements in material technology, position wrapping films as a preferred choice, driving their rapid adoption and growth in the forecast period.
Region with largest share:
North America's dominance in the market is attributed to its robust manufacturing infrastructure, stringent quality standards and a diverse range of industries requiring advanced packaging solutions. The region's emphasis on product safety and hygiene, coupled with a consumer base favoring convenience and quality, drives the demand for innovative barrier films. Moreover, proactive adoption of sustainable packaging practices and ongoing technological advancements solidify North America's leading position in providing cutting-edge packaging solutions.
Region with highest CAGR:
The Asia Pacific region is poised for substantial growth in the market due to rapid industrialization, increasing consumer demand for packaged goods and a burgeoning e-commerce sector. The region's expanding population and rising disposable income contribute to the growing consumption of packaged products. Moreover, a shift toward sustainable and advanced packaging solutions aligns with market trends, positioning Asia Pacific as a key growth hub for the packaging barrier films market.
Key players in the market
Some of the key players in Packaging Barrier Films Market include AEP Industries Inc., Amcor plc, Berry Global, Inc., Cosmo Films Ltd., Coveris Holdings S.A., Dow Chemical Company, DuPont de Nemours, Inc., Innovia Films Ltd., Jindal Poly Films Ltd., Manipal Utility Packaging Solutions Pvt Ltd, Klöckner Pentaplast Group, Mitsubishi Chemical Holdings Corporation, Mondi plc, Paptic , RKW Group, Schur Flexibles Group, Sealed Air Corporation, Taghleef Industries Group, Toray Plastics (America), Inc., Uflex Ltd. and Winpak Ltd.
Key Developments:
In October 2023, JK Paper Ltd said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of Manipal Utility Packaging Solutions Pvt Ltd (MUPSPL), JK Paper said in a regulatory filing.
In September 2023, Espoo-based Paptic has closed a Series A financing amounting to €23 million to drive the growth of the Finnish company and expand its materials portfolio. The round is led by the European Circular Bioeconomy Fund (ECBF), US-based chemical company Ecolab and Japanese trading house Itochu Fibre Ltd.
Material Types Covered:
• Polymers
• Inorganic Films
• Other Material Types
Packaging Types Covered:
• Bags and Pouches
• Lidding Films
• Tubes and Squeezable Packaging
• Trays and Containers
• Wrapping Films
• Other Packaging Types
End Users Covered:
• Food & Beverage
• Agriculture
• Automotive
• Electronics
• Cosmetics
• Pharmaceuticals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Packaging Barrier Films Market, By Material Type
5.1 Introduction
5.2 Polymers
5.2.1 Polyethylene (PE)
5.2.2 Ethylene Vinyl Alcohol (EVOH)
5.2.3 Polyamide (PA)
5.2.4 Polyester (PET)
5.2.5 Polypropylene (PP)
5.2.6 Polyvinylidene Chloride (PVDC)
5.3 Inorganic Films
5.3.1 Aluminum Oxide
5.3.2 Metallized Films
5.3.3 Silicon Oxide
5.4 Other Material Types
6 Global Packaging Barrier Films Market, By Packaging Type
6.1 Introduction
6.2 Bags and Pouches
6.3 Lidding Films
6.4 Tubes and Squeezable Packaging
6.5 Trays and Containers
6.6 Wrapping Films
6.7 Other Packaging Types
7 Global Packaging Barrier Films Market, By End User
7.1 Introduction
7.2 Food & Beverage
7.3 Agriculture
7.4 Automotive
7.5 Electronics
7.6 Cosmetics
7.7 Pharmaceuticals
7.8 Other End Users
8 Global Packaging Barrier Films Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 AEP Industries Inc.
10.2 Amcor plc
10.3 Berry Global, Inc.
10.4 Cosmo Films Ltd.
10.5 Coveris Holdings S.A.
10.6 Dow Chemical Company
10.7 DuPont de Nemours, Inc.
10.8 Innovia Films Ltd.
10.9 Jindal Poly Films Ltd.
10.10 Manipal Utility Packaging Solutions Pvt Ltd
10.11 Klöckner Pentaplast Group
10.12 Mitsubishi Chemical Holdings Corporation
10.13 Mondi plc
10.14 Paptic
10.15 RKW Group
10.16 Schur Flexibles Group
10.17 Sealed Air Corporation
10.18 Taghleef Industries Group
10.19 Toray Plastics (America), Inc.
10.20 Uflex Ltd.
10.21 Winpak Ltd.
List of Tables
1 Global Packaging Barrier Films Market Outlook, By Region (2021-2030) ($MN)
2 Global Packaging Barrier Films Market Outlook, By Material Type (2021-2030) ($MN)
3 Global Packaging Barrier Films Market Outlook, By Polymers (2021-2030) ($MN)
4 Global Packaging Barrier Films Market Outlook, By Polyethylene (PE) (2021-2030) ($MN)
5 Global Packaging Barrier Films Market Outlook, By Ethylene Vinyl Alcohol (EVOH) (2021-2030) ($MN)
6 Global Packaging Barrier Films Market Outlook, By Polyamide (PA) (2021-2030) ($MN)
7 Global Packaging Barrier Films Market Outlook, By Polyester (PET) (2021-2030) ($MN)
8 Global Packaging Barrier Films Market Outlook, By Polypropylene (PP) (2021-2030) ($MN)
9 Global Packaging Barrier Films Market Outlook, By Polyvinylidene Chloride (PVDC) (2021-2030) ($MN)
10 Global Packaging Barrier Films Market Outlook, By Inorganic Films (2021-2030) ($MN)
11 Global Packaging Barrier Films Market Outlook, By Aluminum Oxide (2021-2030) ($MN)
12 Global Packaging Barrier Films Market Outlook, By Metallized Films (2021-2030) ($MN)
13 Global Packaging Barrier Films Market Outlook, By Silicon Oxide (2021-2030) ($MN)
14 Global Packaging Barrier Films Market Outlook, By Other Material Types (2021-2030) ($MN)
15 Global Packaging Barrier Films Market Outlook, By Packaging Type (2021-2030) ($MN)
16 Global Packaging Barrier Films Market Outlook, By Bags and Pouches (2021-2030) ($MN)
17 Global Packaging Barrier Films Market Outlook, By Lidding Films (2021-2030) ($MN)
18 Global Packaging Barrier Films Market Outlook, By Tubes and Squeezable Packaging (2021-2030) ($MN)
19 Global Packaging Barrier Films Market Outlook, By Trays and Containers (2021-2030) ($MN)
20 Global Packaging Barrier Films Market Outlook, By Wrapping Films (2021-2030) ($MN)
21 Global Packaging Barrier Films Market Outlook, By Other Packaging Types (2021-2030) ($MN)
22 Global Packaging Barrier Films Market Outlook, By End User (2021-2030) ($MN)
23 Global Packaging Barrier Films Market Outlook, By Food & Beverage (2021-2030) ($MN)
24 Global Packaging Barrier Films Market Outlook, By Agriculture (2021-2030) ($MN)
25 Global Packaging Barrier Films Market Outlook, By Automotive (2021-2030) ($MN)
26 Global Packaging Barrier Films Market Outlook, By Electronics (2021-2030) ($MN)
27 Global Packaging Barrier Films Market Outlook, By Cosmetics (2021-2030) ($MN)
28 Global Packaging Barrier Films Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
29 Global Packaging Barrier Films Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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