High barrier packaging films are packaging materials having thicknesses of more than 25 µm. Ideally, high barrier packaging films provide oxygen and moisture barrier protection for end-use products like food and beverages. There is a wide range of high barrier films, each offering unique benefits for various food products. High-barrier packaging helps retain rich flavors and aromas by creating a tightly sealed barrier system. The barrier film works to efficiently block oxygen transmission and water vapor from contacting sensitive foods.
Download Free Sample Report Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5100
According to the Food Marketing Institute, by 2025, nearly 70% of consumers will be purchasing food and beverage products online, reaching USD 100 billion in consumer sales. As a result, many retailers are adopting E-commerce solutions to supplement their existing brick-and-mortar presence to meet the growing demand for digital grocery services. And to fill online orders for groceries and meal kits, some brick-and-mortar retail grocers are even turning portions of their facilities into miniature distribution centers.
Whether consumers are ordering food for delivery or in-store pickup, having high expectations for quality and freshness, keeping this in mind, most online grocery orders include perishable items. Grocers must have proper systems in place to keep these orders fresh. Here, a high barrier film technology will likely play a major role, as it is becoming the go-to solution for extending the shelf life of refrigerated food products. Foods designing for extended travel time require longer shelf lives and superior stability, and high barrier films offer both of these features. In addition, these high barrier films also provide a range of benefits, such as reliable food-spoilage prevention and contamination protection. Thus, the rising E-commerce trend in the food and beverage industry is expected to boost the demand for high barrier film for food packaging in upcoming periods. According to the latest publication on the high barrier films Market for food packaging by Meticulous Research®, the high barrier films market for food packaging is expected to record a CAGR of 5.9% from 2021 to 2028 to reach $30.8 billion by 2028.
The growth of this market is mainly attributed to the inclination towards case-ready packaging products, rising need for high barrier packaging films for longer shelf-life, growing consumer concerns for food wastage reduction, and growing demand from the meat industry. Moreover, the growing demand for biodegradable high barrier packaging films is expected to create lucrative opportunities for high barrier film manufacturers in this market. However, susceptibility to degradation is expected to hinder the growth of the high barrier films market for food packaging to some extent.
Scope of the Report:
High Barrier Films Market for Food Packaging, by Material Type
- BOPP and BOPET
- Other Material Types
High Barrier Films Market for Food Packaging, by Technology
- Plasma Enhanced Chemical Vapor Deposition (PECVD)
- Other Technologies
High Barrier Films Market for Food Packaging, by Application
- Meat and Fish
- Dehydrated Foods & Cereals
- Bakery Products
- Pet food
- Other Food Products
High Barrier Films Market for Food Packaging, by End User
- Processed Food Manufacturers and Suppliers
- Packaging Service Providers
- Other End Users
High Barrier Films Market for Food Packaging, by Geography
- North America
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- South Korea
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East & Africa
To gain more insights into the market with a detailed table of content and figures, click here :https://www.meticulousresearch.com/product/high-barrier-films-market-5100
To provide efficient analysis, Meticulous Research® has segmented this market based on material type (PE, BOPP and BOPET, CPP, EVOH, nylon, and other material types), technology (plasma-enhanced chemical vapor deposition and other technologies), application (meat and fish, dairy, snacks, beverages, dehydrated foods & cereals, bakery products, confectionery, pet food, and other food products), end user (processed food manufacturers and suppliers, packaging service providers, and other end users), and by geography (Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at a regional and country level.
Based on material type, in 2021, the polyethylene (PE) segment is expected to account for the largest share of the overall high barrier films market for food packaging. The large share of this segment is mainly attributed to the growing need to replace glass and metal with polyethylene films and increased demand for hygienic and durable food packaging materials combined with consumer environmental concerns.
Based on technology, the PECVD segment is expected to grow at the fastest CAGR during the forecast period owing to factors such as low operation temperature, lower chances of cracking deposited layer, good dielectric properties of the deposited layer, decent step coverage, less temperature-dependency, and rising demand for packaged foods.
Based on application, in 2021, the meat and fish segment is expected to account for the largest share of the global high barrier films market for food packaging. The large share and fastest growth of this segment is mainly attributed to the higher incomes and urbanization, rising consumption of processed meat products, growing global consumption of fish, and increasing consumer preference for protein-rich food products.
Based on the end user, in 2021, the processed food manufacturers and suppliers segment is expected to account for the largest share of the global high barrier film market for food packaging. The large share of this segment is mainly attributed to the growing demand for processed food products and the increasing number of food processing units.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5100
Geographic Review :
Geographically, Asia-Pacific is estimated to account for the largest share of the overall high barrier films market for food packaging in 2021, followed by North America and Europe, owing to the growing demand for processed food products; strong growth in the food & beverage industry due to increasing urbanization, growing health awareness, and rising disposable income levels; development of the cold chain systems; government support for food processing sector; and growing demand for pet food.
Key Players :
Key players operating in the high barrier films market for food packaging are Amcor plc (Switzerland), Mondi plc (U.K.), Huhtamaki Group (Finland), Sealed Air Corporation (U.S.), Jindal Poly Films Limited (India), Toppan Printing Co., Ltd. (Japan), Kureha Corporation (Japan), HPM Global, Inc. (South Korea), Flair Flexible Packaging Corporation (U.S.), Constantia Flexibles Group GmbH (Austria), MULTIVAC (Germany), DuPont Teijin Films (U.S.), Wihuri Group (Finland), BERNHARDT Packaging & Process (France), Borealis AG (Austria), and Uflex Limited (India), among others.
Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Company Name: Meticulous Market Research Pvt Ltd
Contact Person: Khushal Bombe
Email: Send Email
Phone: +1 646-781-8004
Address:1267 Willis St, Ste 200 Redding, California, 96001, U.S.
Country: United States