High Barrier Film and Coatings Market Set For Rapid Growth, To Reach by 2027Posted by smith john on March 6th, 2020 The High Barrier Film and Coatings market size is a witness promising growth on account of the rising awareness about environment protection worldwide. CMI is their report titled, “High Barrier Film and Coatings Market Size, Share and Industry Analysis, By Type, By Application, and Regional Forecast, 2020-2027,” offers a detailed analysis of the market and throws light on major industry developments. High Barrier Film and Coatings market is considered as an answer to the long time, non degradability issue related to regular High Barrier Film and Coatings products. The increasing awareness across the world to both humans and the environment has accelerated the need for High Barrier Film and Coatings market.
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Report Highlights:
Market Outlook Among application, the food & beverages segment held a major share in the global high Barrier Film and coatings market in 2018. In the food & beverage industry, high Barrier Film and coatings are extensively adopted to overcome common challenges such as preservation and protection of packaged products against moisture, heat, or light. Asia Pacific is expected to emerge as the fastest growing region in the global high Barrier Film and coatings market over the forecast period. Favorable growth of fast moving consumer goods (FMCG) industries in the region is creating lucrative opportunities for market players to expand their footprint. For instance, according to the India Brand Equity Foundation Report, the FMCG market in India is expected to reach US$ 103 billion by end of 2020.
Key Players Operating In The Global High Barrier Film And Coatings Market Key players operating in the global high Barrier Film and coatings market include Bemis Company Inc., Amcor Limited, Berry Global Group PLC, Mondi Group, ACG, Glenroy, Inc., Cosmo Films, Innovia Films Limited, AMPAC Holdings, LLC, Winpak Ltd. among others In June 2019, Innovia Films Limited launched new range of transparent high barrier packaging films named Strata SL. This film offer excellent protection against aroma, oxygen & mineral oils at high humidity conditions. Strata SL has been launched specially for packaging of products such as cereal bars, biscuits, snacks, tea, coffee etc.
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Besides this, the report analyzes factors affecting High Barrier Film and Coatings Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the High Barrier Film and Coatings Market report.
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