Global High Barrier Packaging Films Market: Snapshot
Numerous local and international players, competing against one another on the basis of price and product differentiation, makes the global high barrier packaging films market fragmented and competitive. In the next couple of years, the competition is predicted intensify further because of increasing number of mergers and acquisitions, product extensions, and technological progress.
Serving to drive growth in the global high barrier packaging films market is the soaring sales of packaged food. This is mainly on account of growing consumption of diary products and ready-to-eat meals. Further, growing health awareness among the consumers have generated substantial demand for convenient form of flexible packaging such as high barrier packaging films, which also help to increase the shelf life of the product.
Countering the growth in the global high barrier packaging films market, on the other hand, is the surging uptake of substitutes such as liquid cartons. Also, recycling and disposing of multilayered films poses a challenge for manufacturers. This is because recycling costs more than making new ones and dumping barrier films leads to environmental issues.
A report by Transparency Market Research predicts the global high barrier packaging films market to rise at a 7.8% CAGR from 2017 to 2027 to become worth US$43.08 bn by 2027. Consumption of global high barrier packaging films is expected to rise to 4,421000 tonnes by 2027.
Food Segment Driving Market Substantially
The global high barrier packaging films market can be segmented based upon different parameters. By the type of packaging, for example, it can be divided into bags, pouches, lids, films, shrink, laminated tubes, etc. Of them, pouches are slated to clock maximum growth in the next couple of years by expanding at a CAGR of 7.9% between 2017 and 2027.
Similarly, on the basis of end-use, the global high barrier market can be segmented into pharmaceuticals, food, beverages, medical devices, electronic devices, agriculture, and chemicals, among others. Among them, the food segment is predicted to hold more than half the share in the overall market by expanding at a CAGR of 7.9% in the forecast period.
Burgeoning Food Packaging Market Stokes Maximum Growth in Asia Pacific, excluding Japan
Latin America, North America, Western Europe, Eastern Europe, the Middle East and Africa, Asia Pacific excluding Japan, and Japan are the main markets in the global high barrier packaging films. Of them, Asia Pacific barring Japan holds maximum share in the market because of a burgeoning packaged food market and increasing number of modern retail outlets. The region is also expected to be the most attractive in terms of CAGR of 7.9% over the forecast period. China and India are the dominant markets in the region due to burgeoning online and offline retail.
North America trails Asia Pacific, excluding Japan, vis-à-vis value in the global high barrier packaging films market. The Middle East and Africa currently contributes the least but going ahead is slated to register impressive growth because of rising dairy food consumption which is estimated to be 6.9% over the forecast period.
Prominent participants in the global high barrier packaging films market are Ampac Hoilding LLC, Glenroy, Inc., Amcor Limited, Bemis Company, Inc., Uflex Ltd., The Mondi Group plc, Sealed Air Corporation, Celplast Metallized Products Ltd., Winpak Ltd., Toray Plastics (America), Inc., Polyplex Corporation Limited,Berry Global Group, Inc., LINPAC Packaging Limited, Bischof & Klein GmbH & Co. KG, Schur Flexibles Hoilding GesmbH, Huhtamaki Oyj, Plastissimo Film Co., Ltd., DUNMORE Corporation, and ACG Worldwide Private Limited.
Global High Barrier Packaging Films Market: Overview
This report provides forecast and analysis of the high barrier packaging films market on Global level. It provides historical data from 2012 to 2015 along with estimated data of 2017, and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (‘000 Tonnes). The report also includes macroeconomic indicators along with an outlook on high barrier packaging films consumption pattern across the globe. It includes drivers and restraints of the global high barrier packaging films market and their impact on each region during the forecast period. The report also comprises the study of current issues with end users and opportunities for High Barrier Packaging Films manufacturers. It also includes value chain analysis.
In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with theirSWOT analysis and strategy overview. The dashboard provides detailed comparison of high barrier packaging films manufacturers on parameters such as operating margin, total revenue, product portfolio, and what we call ‘innovation scale’. The study encompasses market attractiveness analysis by high barrier packaging films type, material type, end user base, packaging type and region.
The report includes consumption of high barrier packaging films and the revenue generated from sales of high barrier packaging films across the globe and important countries. By high barrier packaging films Type (Metallized Films, Clear Films, Organic Coating Films, Inorganic Oxide Coating Films), by Material Type (Plastics, Aluminum, Oxides and Others), by End User Type (Food, Beverages, Pharmaceuticals, Electronic Devices, Medical Devices, Agriculture, Chemicals, Others), by Packaging Type (Pouches, Bags, Lids, Shrink Films, Laminated Tubes, Others).
Global High Barrier Packaging Films Market: Research Methodology
Market numbers have been estimated based on extensive secondary and primary research, average pricing of high barrier packaging films, by High Barrier Packaging Films type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The high barrier packaging films market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional high barrier packaging films manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of high barrier packaging films in the different regions. Top-down approach has been used to estimate the high barrier packaging films market by regions. Global market numbers by high barrier packaging films type, by material type, by end user base type and by packaging type have been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, FAO, Packaging Digest, and Hoover’s, and company annual reports and publications.
Global High Barrier Packaging Films Market: Competitive Analysis
The report provides detailed competitive and company profiles of key participants operating in the Global market. Key players in global high barrier packaging films 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 Hoilding GesmbH, Huhtamaki Oyj, Ampac Hoilding LLC, Bischof & Klein GmbH & Co. KG, Plastissimo Film Co., Ltd., DUNMORE Corporation, Polyplex Corporation Limited, ACG Worldwide Private Limited.
High Barrier Packaging Films market segmentation is below
Global High Barrier Packaging Films Market, by Films Type
- Metallized Films
- Clear Films
- Organic Coating Films
- Inorganic Oxide Coating Films
Global High Barrier Packaging Films Market, by Material
- Polyethylene (PE)
- Polypropylene (PP)
- Ethylene Vinyl Alcohol (EVOH)
- Polyvinylidene Chloride (PVDC)
- Polyamide (Nylon)
- Polyethylene Naphthalate (PEN)
- Others (LCD, PS, PVC, PLA, PA)
- Aluminum Oxide
- Silicon Oxide
Global High Barrier Packaging Films Market, by End-User Base
- Meat, Seafood and Poultry
- Baby Food
- Bakery and Confectionery
- Pet Food
- Dairy Food
- Ready to Eat Meals
- Other Food
- Alcoholic Beverages
- Non Alcoholic Beverages
- Electronic Devices
- Medical Devices
Global High Barrier Packaging Films Market, by Packaging Type
- Shrink Films
- Laminated Tubes
Global High Barrier Packaging Films Market, by Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East and Africa