High barrier packaging films are defined as films that have a thickness of more than 25 µm. High barrier packaging films physically restrict the passage of any molecules or compounds. High barrier packaging films provides protection from oxygen and moisture. There are certain factors which fuel the growth of the global high barrier packaging films such as it uses modified atmosphere packaging which enhances the shelf life of packaged product.
In recent years, consumers have become more educated about environmental issues and prefer lighter weight packaging products like high barrier packaging films in order to prioritize portable packaging and reduce waste. Consumers across the developed market have shifted to smaller pack packaging purchase which is reseal able and easy to carry like high barrier packaging films. Manufacturers are thus adopting high barrier packaging films which eliminates the need for secondary material of packaging a product.
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The high barrier packaging films will play a major role in the food industry during the forecast period. Additionally, high barrier packaging films extend the shelf life of fresh produce packed by controlling the moisture content. Technological development in packaging has enabled new and convenient flexible packaging options such as retort pouches. Electronic devices require flexible high barrier packaging films for protecting them from static electricity and UV rays. The staggering growth of the electronic market is fuelling the demand for high barrier packaging films.
In terms of revenue, the global high barrier packaging films market is estimated to grow at a CAGR of 7.8% during the forecast period, owing to numerous factors on which TMR sheds light in this report.
The companies involved in the manufacturing of high barrier packaging films are focusing on enhancing their production capacity by establishing new production units. Manufacturers of high barrier packaging films are likely to eye the lucrative regions of Asia Pacific, as well as North America regions in the coming years.
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Key players considered in this report on the global high barrier packaging films market include Amcor Limited, Bemis Company, Inc, Uflex Ltd, Sealed Air Corporation, Glenroy, Inc, Celplast Metallized Products Ltd, Winpak Ltd., The Mondi Group plc., Toray Plastics (America), Inc., Berry Global Group Inc.:, LINPAC Packaging Limited, Schur Flexibles Holding GesmbH