The packaging industry continues to witness an impressive growth rate, moving in sway with the food industry, creating tailwind for the packaging manufacturers. In addition to this, the packaging industry is undergoing changes with prior focus on offering innovative packaging solutions to the food industry. Moreover, rising consumer awareness towards health and safety has led to the introduction of barrier protection technology for fresh food packaging. Barrier protection technology in food packaging not only helps to keep the food clean and fresh but also intends to increase the shelf life of the product. Adoption of barrier protection films is now gaining traction with more packaging manufacturers looking to introduce barrier food cups in their product offerings. Barrier food cups withstand high temperature of sterilization which maximizes the shelf life of the food packed, and is now meeting other essential requirements such as non-breakable, microwaveable and lightweight packaging of food products. Barrier food cups is slowly gaining attention by food packaging companies, with some niche segments such as baby food, pet food and seafood looking to benefit from the properties that barrier food cups offer.
Barrier Food Cups Market- Market Segmentation:
The global barrier food cups market is segmented on the basis of application, material and region. On the basis of application, the global barrier food cup market is segmented into nuts and snacks, dairy & confectionary products, seafood, meat products, baby food, pet food and ready to eat meals. Demand of barrier food cups from baby food application segment is anticipated to offer lucrative opportunities to the global barrier food cup market in terms of growth prospects. On the basis of material type, the global barrier food cups market is segmented into linear low density polyethylene (LDPE), high density polyethylene (HDPE), ethylene vinyl alcohol (EVOH), polyvinyl chloride (PVC), biaxial oriented polypropylene (BOPP), Polystyrene (PS) and others.
Barrier Food Cups Market- Market Dynamics:
Rising concerns among consumers towards healthy and safe food consumption is expected to drive the demand for barrier food cups market. Moreover, the demand from the food industry to maintain stable shelf life and freshness of the packaged food is one of the significant driving factor for global barrier food cups market. Furthermore, improved living standards and growing demand for ready-to-eat meals is anticipated to fuel the demand for barrier food cups in the next half of the decade. From the packaging manufacturer’s perspective, barrier food cups is low cost solution that not only saves cost but also the amount of packaging film used to prepare food cups. This trend is expected to slowly attract more manufacturers adding value to their product offerings. The trend of replacing cans with barrier food cups to provide convenience, quality, freshness, taste, single serve options and shipping weight savings is expected to propel the demand for barrier food cups throughout the forecast period. Despite high growth opportunities provided by barrier food cups, manufacturers and consumer inclination towards alternative solutions such as flexible pouches and other alternative plastic containers is expected to hinder the growth of the global barrier food cups market in the long run.
Barrier Food Cups Market- Regional Outlook:
Geographically, the barrier food cups market can be segmented into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The growth of the global barrier food cups market is expected to witness a steady CAGR over the forecast period of 2016-2024. North America is expected to witness a sluggish growth of barrier food cups market. However, the region showcases lucrative opportunities for growth in terms of revenue in the pet food and baby food application segment. Moreover, the emerging cluster of the globe such as China, Brazil, ASEAN and India is expected to heavily contribute to the global barrier food cups market. Asia-Pacific region is estimated to account for highest market value share in the global barrier food cups market and is likely to maintain its dominance over the forecast period.
Barrier Food Cups Market- Major Players:
Some of the players identified across the globe in the barrier food cups market are EDV Packaging S.A., Clear Lam Packaging Inc., Winpak Ltd, Mullinix Packages Inc., Portage Plastics Corporation, and Toyo Seikan Company Ltd amongst others.
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