Technological Advancements in Barrier Films to Drive Market Growth| MarketsandMarkets™

Posted by Jack Martin on April 13th, 2023

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 the demand for longer self-life of food products, increasing demand for customer-friendly packaging, and rising number of retail chains in developing countries.

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.

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The barrier films market is segmented on the basis of the end-use industry into food & beverage packaging, pharmaceutical packaging, agriculture, and others. The food & beverage end-use segment holds a major market share of the overall barrier films market owing to the growing need for product safety and convenience and increasing consumer preference for processed & packaged food are driving the demand for barrier films in food & beverage packaging.

APAC is the largest market for barrier film market and is expected to register the highest CAGR, 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. The rising demand from emerging economies and trend toward sustainability are creating growth opportunities for the market.