According to the new market research
report “Barrier Films Market by
Material (PE, PET, PP, Polyamide, Organic Coatings, Inorganic Oxide Coatings),
End-Use Industry (Food & Beverage Packaging, Pharmaceutical Packaging,
Agriculture), and Region (North America, APAC, Europe) – Global Forecast to
2025″, published by MarketsandMarkets™, the Barrier Films Market size is estimated at USD 30.1 billion
in 2020 and is projected to reach USD 40.1 billion by 2025, at a CAGR of 5.3%.
The barrier films market is witnessing high growth owing to demand longer
shelf-life of food products, increasing demand for customer-friendly packaging,
and a rising number of retail chains in developing countries.
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Browse
and in-depth TOC on “Barrier Films Market”
109 – Tables
67 – Figures
180 – Pages
PE is the largest material segment of
the barrier films market.
The barrier films market is segmented based on material into PE, PP, PET/BOPET,
polyamide, organic coatings, inorganic coatings, and others. PE holds the major
market share of the overall barrier films market owing to its good moisture
barrier properties. The inorganic oxide coatings segment is projected to be the
fastest-growing segment during the forecast period as they have excellent
moisture barrier properties and are transparent and cost-effective.
Food & beverage is the largest
end-use industry segment of the barrier films market.
The barrier films market is segmented on the basis of end-use industry into
food & beverage packaging, pharmaceutical packaging, agriculture, and
others. Food & beverage end-use segment holds major market share of the
overall barrier films market owing to growing need for product safety and
convenience and increasing consumer preference for process & packaged food
are driving the demand for barrier films in food & beverage packaging.
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APAC is the largest and fastest-growing
market for barrier films market.
APAC is the largest market for barrier films market and is expected to register
the highest CAGR, owing to strong demand from end-use industries, such as food
& beverage packaging and agriculture, in the region. This dominance is
attributed to the high demand from food & beverage, pharmaceutical, and
agriculture end-use industries in China, Japan, and India, among others. The
rising demand from emerging economies and trend toward sustainability are
creating growth opportunities for the market. Berry Global Inc. (US), Amcor Plc
(Australia), Sealed Air (US), Raven Industries (US), Toppan Prnting Co., Ltd.
(Japan), Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Dupont
Teijin Films (US), Uflex Ltd. (India), and Sumitomo Chemical Co., Ltd. (Japan)
are the key players operating in the barrier films market.
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