Global Barrier Films Market Report also provides information on consumption, production, supplier details on the basis of import and export, sales, and revenue. Global Barrier Films Market Report includes a detailed analysis of competitors with respect to regions, types, and applications. Global Barrier Films Market Report emphases on the market size, share and growth rate of the industry. It also determines investment opportunities and probable threats in the industry based on the intelligent analysis. Moreover, the report serves an inclusive analysis of this market by volume and value. Global Barrier Films Market Report includes drivers, restraints, risks, opportunities and challenges analysis. It also segments by regions, type, manufacturers and applications.
Global barrier films market is projected to register a healthy CAGR of 4.3% in the forecast period of 2019 to 2026.
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Major Players: Global Barrier Films Market
Some of the major players operating in this market are- TEE GROUP FILMS, Winpak Ltd., ProAmpac, Fraunhofer, Huhtamaki, Sumitomo Chemical Co., Ltd., Mitsubishi Chemical Holdings Corporation, JINDAL POLY FILMS, Mondi,PLASTISSIMO.COM,, Uflex Ltd, Cosmo Films Ltd. and others.
Segmentation: Global Barrier Films Market
- By Type (Polyethylene (PE), Oxygen/Water Vapour Barriers, Structural or Protective layers and Others),
- By Application (Food and Beverage, Pharmaceutical, Agriculture and Others),
- By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)
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Drivers: Global Barrier Films Market
Demand for Longer Shelf Life of Food Products
Barrier films are a packaging solution which are made of multi-layer flexible films and are coated with the different resins and lacquers to provide desired results in packaging of the material.
The rise in the production of packaged food such as milks, confectionaries, baking products, beverages, preserved meat, waffles, preserved juices and many more are enhancing the utilization of the barrier films in their strict packaging, and leading the expansion of the business by manufacturers in the different region such as,
- According to the Plastics Europe (the Association of Plastics Manufacturers in Europe) and EPRO (the European Association of Plastics Recycling and Recovery Organisations) in 2015, 49 million tons of oil and gas was used in the production of plastic that comprises 4.0% to 6.0% of total amount, in which 40.0% plastic was used in the packaging.
Rising Demand of Multi-layer Packaging
The multilayer films utilize materials with specific properties to provide a precisely engineered barrier solution against water vapor, oxygen and ultraviolet light. The nano multi-layer barrier films provide extended shelf life to the packaged food as compare to other films, which helps to avoid wastage of food and also reduces the environmental costs.
Hence, rising application of the multi-layer films in industrial applications for the packaging of various products and equipment’s along with the incorporation of properties of different polymers in the multilayer films is fuelling the growth of the market in the forecast period.
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OPPORTUNITIES: Global Barrier Films Market
Growing demand of bio-based barrier films
The application of the barrier films in the food packaging for their protection and raw materials, from oxidation and microbial spoilage enhances their life span. Rising consumption of the synthetic packaging films in different industries such as construction industry, automotive industry, chemical industry and agri-food enhances the waste obtain from the packaging and leads to the serious ecological concern due to their total non-biodegradability.
Various manufacturers and market leaders have collaborated and developed bio based barrier films to prevent ecological issue associated with the barrier films for instance,
- In June 2018, Sukano AG (Switzerland) collaborated with the Eurotech Extrusion Machinery, Nippon Gohsei and NatureWorks, to develop transparent bio based barrier films. The collaboration leads to the development of the barrier films which will enable the manufacturers with the usage of coextruded film structure and replaces the conventional fossil fuel-based films used in the food packaging.
CHALLENGE : Global Barrier Films Market
Recycling of Multilayer Films
High consumption of the barrier films produces high amounts of packaging waste, which is the major concern for the environment. Various type of barrier films are utilized such as single layer and multi-layer barrier films in the food packaging, protective covering and in many more industrial applications.
Polymer based multilayer barriers files that are used in the packaging are engineered to provide high performance by the incorporation of a different layer of polymers. This incorporation tailors the functionality of the packaging which is created to protect sensitive food products and thus obtain extended shelf life.
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