Barrier Films for Food Packaging Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2023
Global Barrier Films for Food Packaging Market information by Material (Polypropylene, Polyvinyl Chloride, Polyethylene, Ethylene Vinyl Alcohol, Low-Density Polyethylene And Linear Low-Density Polyethylene, Transparent high barrier films and Others), by Product (Pouches & Bags, Tray Lidding Film, Wrapping Film, and others), by Technology (Multi-Layer Film, Sustainable Barrier Coatings, Besela Barrier Film and Others), by Application (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, and Others) and By Region - Global Forecast To 2023
Furthermore, Pharmaceutical and medical products make up one of the significant markets for high barrier films. This market is anticipated to rise at a strong pace, based on augmented healthcare expenditure and new drug formulations that require higher barrier packaging.
The major market players operating in the global market as identified by MRFR are Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Printpack Inc. (U.S.), Ampac Packaging LLC (U.S.), The Mondi Group (Austria), Huhtamaki Group (Finland), Sealed Air Corporation (U.S.), Berry Plastics Corporation (U.S.).
The global barrier films for food packaging market has been segmented based on product, material, technology, application and region. On the basis of material, the market has been segmented as polypropylene, bioplastics, polyvinyl chloride, ethylene vinyl alcohol, polyethylene, low-density polyethylene and linear low-density polyethylene, transparent high barrier films, and others. Polyethylene leads the material segment of the market, with the fastest growth, and is anticipated to be the fastest-growing material segment.
On the basis of technology, the market is segmented as multi-layer film, sustainable barrier coatings, Besela barrier film, and others. On the basis of application, the market is segmented as food & beverage, personal care & cosmetics, pharmaceutical, and others. Food & beverages have the highest share, with the fastest growth of all the application segments of the market, and is estimated to be the fastest-growing application segment. The increasing population, along with the growing demand for food and beverages, is motivating the growth of the market. Pharmaceutical application is projected to contribute considerably during the forecast period.
The geographical analysis of the global Barrier Films for Food Packaging Market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
North America & Europe are the other major regions for the market. Growing demand for consumer goods, and packaged food in these regions, drive the growth of the market. Furthermore, rising applications for high barrier film packaging in these regions are also expected to boosts the growth of the market.
Latin America and Middle-East & Africa regions are also poised to witness high growth over the review period, owing to increasing demand from the e-commerce sector.
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