The “Barrier Film Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Barrier Film Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global barrier film market size was US$ 33.1 billion in 2021. The global barrier film market is forecast to grow to US$ 56.6 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The vital applications of barrier films in packaging products will fuel the growth of the global barrier film market. In addition, the rising trend of down-gauging will significantly contribute to the growth of the global barrier film market during the study period.
Pharmaceutical and medical products are forecast to hold a significant share, owing to the growing demand for novel drugs and increasing healthcare spending. Furthermore, the hectic lifestyle of people and changing food habits will also contribute to the growth of the global barrier film market during the forecast period.
Recycling challenges associated with barrier films may limit the growth of the market. On the contrary, the growing focus towards the development of recyclable and sustainable products will escalate the growth of the global barrier film market. For instance, Amcor unveiled AmLite Ultra Recyclable, its first packaging product made from its sustainable high-barrier polyolefin film, in 2019. Thus, such advancements in barries packaging will drive the global barrier film market forward.
COVID-19 Impact Analysis
Due to the wake of the COVID-19 pandemic, several governments and private sector businesses have limited the capacity of production. As a result, manufacturers of consumer goods and other products witnessed numerous challenges associated with the unavailability of necessary raw materials. Thus, it hampered the growth of the global barrier film market. However, the demand for frozen and ready-to-cook products increased abruptly. The medical industry also witnessed a sudden surge in the demand for novel drugs, which has been beneficial for the global barrier film market.
Regional Analysis
The Asia-Pacific barrier film market is forecast to grow at the fastest rate. The region holds the third-largest pharmaceutical industry after North America and Europe. In addition, the contribution of populated countries like India and China is forecast to offer ample growth opportunities for the barrier film market. Furthermore, the upsurging demand for ready-to-eat food, Ready-to-eat meals (REM), and take-home food items will benefit the Asia-Pacific barrier film market during the forecast period. The growing employment rate and changing lifestyle of the population will also drive the barrier film market forward.
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Competitors in the Market, Berry Global Inc., Amcor Plc, Raven Industries, Toppan Printing Co., Ltd., Jindal Poly Films Ltd., Dupont Teijin Films, Cosmo Films Ltd., Uflex Ltd., Sumitomo Chemical Co., Ltd., Other Prominent Players.
Market Segmentation
The global barrier film market segmentation focuses on Packaging, Material, End-Use, and Region.
By Packaging Product Outlook
- Bags
- Pouches
- Tray Lidding Films
- Blister Base Films
- Wrapping Films and Forming Webs
By Material Outlook
- Polyethylene
- HDPE
- LDPE
- LLDPE
- Biaxially Oriented Polyethylene Terephthalate
- Polypropylene
- CPP
- BOPP
- Polyvinyl Chloride
- Others
- EVOH
- Polystyrene
- Nylon
By End-Use Outlook
- Food
- Beverages
- Pharmaceutical and Medical
- Personal Care and Home Care
- Other End-user Industries
- Construction
- Pet Food
- Other Non-food Industries
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By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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