High Barrier Packaging Films Market Projected To Grow At CAGR Of 6.2% till 2023Posted by sagark on October 15th, 2019 High Barrier Packaging Films Market Overview High barrier packaging films provide protection to sensitive material from damage stimulus such as moisture, oxygen, and dust, which can degrade quality of products. These films are a suitable substitute for food packaging. They increase shelf life, serve as printing substrate and reduce the need for preservatives. As a result, high barrier films are extensively used in flexible packaging to ensure product integrity and maintain quality. Request Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/5028 Considering the traction that the market is witnessing currently, Market Research Future (MRFR) in its recently published analysis asserts that the global high barrier packaging films market is forecasted to witness significant growth by 2023, posting a CAGR of 6.5 % throughout the anticipated period (2017 – 2023). Major Players Players leading the global high barrier packaging films market include
Global High Barrier Packaging Films Market –Segmentations Global high barrier packaging films market has been segmented based on material, product, technology, application and region. On the basis of material, the market has been segmented as bio plastics, polypropylene, polyvinyl chloride, polyethylene, ethylene vinyl alcohol, low-density polyethylene and linear low-density polyethylene, transparent high barrier films and others. Polyethylene dominates the material segment of the market, with the fastest growth, and is expected to be the fastest growing material segment. Majority of the end-users use LDPE for high barrier packaging films. It has numerous benefits such as ease of processing, barrier to moisture, strength/toughness, flexibility, and ease of sealing. On the basis of technology, the market is segmented as multi-layer film, sustainable barrier coatings, Besela barrier film, and others. On the basis of application, the market is segmented as food & beverage, pharmaceutical, personal care & cosmetics, and others. Food & beverages has the highest share, with the fastest growth of all the application segments of the market, and is expected to be the fastest growing application segment. Increasing population, along with growing demand for food and beverages, is driving the growth of the market. The food products packaged using these films contain less preservatives than canned food products, which has increased their acceptance among health-conscious consumers. Regional Analysis The Asia Pacific region due to its burgeoning food & beverages industry accounts for the largest share in the high barrier packaging films market, globally. The region is expected to retain its dominance over the global market throughout the forecast period. Factors such as the increasingly lucrative opportunities in the packaging industry and the huge exports of fruits and vegetables, especially from China and India are fostering the growth of the regional market. Moreover, online food ordering business is taking its roots rapidly, especially in India, which in turn, substantiates the growth in the high barrier packaging films market. The high barrier packaging films market in the North American region holds the second-largest share in the global market. Stringent government regulations for packaging of edible items and the growing demand for quality packaging are driving the growth of the regional market. Higher disposable income is a key driving force behind the significant demand for efficient packaging for food & beverages. Europe high barrier packaging films market is emerging as a profitable market, globally. Changing lifestyles drive the growth of the regional market, increasing the demand for eCommerce and online food delivery market. Additionally, the demand for convenience packaging is allowing the High Barrier Packaging Films market in the region to grow rapidly. Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/high-barrier-packaging-films-market-5028 Table Oof Contents 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Definition 2.2.2 Research Objective 2.2.3 Assumptions 2.2.4 Limitations 2.3 Research Process 2.3.1 Primary Research 2.3.2 Secondary Research 2.4 Market Size Estimation 2.5 Forecast Model 3 Market Landscape 3.1 Porter’s Five Forces Analysis 3.1.1 Threat Of New Entrants 3.1.2 Bargaining Power Of Buyers 3.1.3 Bargaining Power Of Suppliers 3.1.4 Threat Of Substitutes 3.1.5 Segment Rivalry 3.2 Value Chain/Supply Chain Analysis Continues…… About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Like it? Share it! More by this author |