The barrier films market size is projected to grow from USD 3.1 billion in 2020 to USD 4.1 billion by 2025, at a CAGR of 5.3%. The barrier films market is witnessing high growth owing to increasing consumer preference for packed & processed food, use of barrier films in end-use industries and gowing electronics industry. Barrier films are single-layered or multi-layered films, which are manufactured from polymeric materials such as PE (polyethylene), PP (polypropylene), PVC (polyvinyl chloride), PET (polyethylene terephthalate), BOPET (biaxially-oriented polyethylene terephthalate), PS (polystyrene), EVOH (ethylene vinyl alcohol), inorganic oxides, aluminum, and polyamide.The growth of the food & beverage and pharmaceutical industry is also propelling the demand for barrier films significantly.
All these factors are expected to drive the market for barrier films market.
PE is the largest material segment of the barrier films market..
The barrier films market is segmented on the basis of 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 indstry 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.
APAC is the largest and fastest-growing market for barrier films market.
APAC is the largest and fastest growing market for barrier films market 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.
Availability of raw materials and labor at economical prices, coupled with significant domestic demand, make this the most attractive market for industry participants.Demand in food & beverage and pharmaceutical packaging and agriculture sector drives the barrier films market in the region.
The global demand for barrier films is increasingly driven by developments in APAC, specifically in China, India, and Japan.
The breakdown of primary interviews is given below: • By Company Type: Tier 1 – 43%, Tier 2 – 36%, and Tier 3 –21% • By Designation: C-Level Executives – 21%, Director-Level – 29%, and Others – 50% • By Region: North America – 36%, Europe – 36%, APAC – 21%, and South America – 7%
The key companies profiled in this report on the barrier films market include 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.
Research Coverage The barrier films market has been segmented based on material, end-use industry, and region.This report covers the barrier films market and forecasts its market size until 2025.
It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the barrier films market.The report also provides insights into the drivers and restraints in the barrier films market along with opportunities and challenges.
The report also includes profiles of top manufacturers in the barrier market.
Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways: 1. This report segments the barrier films market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions. 2. This report is expected to help stakeholders understand the pulse of the barrier films market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth. 3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the barrier films market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as merger & acquisition, new product developments, expansions, and collaborations.
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