What is Barrier Films Market?
Barrier films are multilayered as discussed in the later section of this chapter. Multilayer films can achieve performance levels that single-layered films cannot. Depending on the choice of the composition of each layer, one may be able to use one layer for water permeation barrier properties and another layer for oxygen barrier properties giving a total film that is a barrier to both. Barrier films play a crucial role in preserving the integrity of products packed within and are thus used in a variety of industries that require high-quality packaging such as pharmaceuticals, electronics, and food products. Thus, it is also significant to pick the right film for a particular product. This has led to significant growth of the global barrier films market in the forecast period.
The market study is being classified by Type (Metalized Barrier Films, Transparent Barrier Films and White Barrier Films), by Application (Food & Beverages, Pharmaceuticals, Personal Care, Agriculture, Electronics and Others (Automotive, Aerospace, and Others)) and major geographies with country level break-up.
Berry Global Inc. (United States), Amcor Plc (Australia), Sealed Air (United States), Raven Industries (United States), Mitsubishi Chemical Holdings Corporation (Japan), Honeywell International Inc. (United States), 3M (United States), Toppan Printing Co., Ltd. (Japan), Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Dupont Teijin Films (United States), Uflex Ltd. (India) and Sumitomo Chemical Co., Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Huhtamaki Group, Mondi plc (United Kindom), Winpak Limited (Canada), Constantia Flexibles Group GmbH (Austria), Proampac LLC (United States), Polyplex Corporation Limited (India), KM Packaging Services Limited (United Kingdom) and Glenroy Inc. (United States).
Research Analyst at AMA predicts that Asian and United States Vendors will contribute to the maximum growth of Global Barrier Films market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Barrier Films market by Type, Application and Region.
On the basis of geography, the market of Barrier Films has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Longer Shelf Life of Food Products
- Increasing Demand for Customer-Friendly Packaging
- Rising Number of Retail Chains in Developing Countries
Market Trend
- Rising Adoption Biodegradable Barrier Films
Restraints
- Fluctuating Raw Material Prices
Opportunities
- Increasing use of Agricultural Films
- Growing Applications of Barrier Films in the Electronics Industry
Challenges
- Issue Related to Recycling of Multilayer Films
Market Leaders and some development strategies
In January 2020, Amcor Plc signed a partnership with Moda Vaccum Packaging System (New Zealand) to provide innovative packaging solutions. With the synergy of Amcor’s roll stock film and shrink bag for cheese & meat with Moda’s packaging system, producers can drive total cost-saving and operational efficiency.
In March 2020, Berry Global Inc. planned to invest USD 30 million for upgrades and new lines to existing assets in nine of the company’s North American locations. This investment is to increase the production capacity of ultra-high performance stretch films.
Key Target Audience
Barrier Films Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others