High Barrier Packaging Films Market: Trends 2019Posted by Kishor on April 12th, 2019 The global market for high barrier packaging films was valued at over US$ 20 Bn in 2018 and is projected to expand at a CAGR of 7.8% during the forecast period (2018-2028). High barrier packaging films are those packaging materials which have thickness more than 25 µm. Ideally high barrier packaging films are packaging films used for providing oxygen and moisture barrier protection for end use products like food, beverages, pharmaceuticals, chemicals, etc. Growing emphasis on manufacturing smaller pack size-compatible flexible packaging solutions to create growth opportunities for high barrier packaging films In recent years, consumers have become more educated about environmental issues and prefer lighter weight packaging products like high barrier packaging films in order to prioritize portable packaging and reduce waste. Consumers across the developed market have shifted to smaller pack packaging purchase which is reseal able and easy to carry like high barrier packaging films. Manufacturers are thus adopting high barrier packaging films which eliminates the need for secondary material of packaging a product. Request PDF Sample of the Survey to Know Top Facts of This Industry @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=28016 Inclination towards case ready packaging products driving the growth of high barrier packaging films market Over the last few years high barrier packaging films which render convenience of peel able and the demand for case ready packaging products are growing. Products falling in case ready packaging products categories are meat, cheese, poultry and fish products are key factors driving the growth for high barrier packaging films market. Predominantly such products are stored in plastics trays covered with high barrier packaging films are reusable.
Rising demand for retort pouches is expected to drive the growth for high barrier packaging films market Technological development in packaging has enabled new and convenient invention of flexible packaging such as retort pouches which need high barrier packaging films. It has added value to high barrier packaging films packaging, coupled with an additional implementation such as reseal able zippers, sliders, spouts, and handles. Increasing usage of modern packaging techniques for high barrier packaging films applications Vendors across the globe are switching to modern packaging techniques such as Vacuum Skin Packaging, Aseptic Packaging, Modified Atmospheric Packaging, etc. for high barrier packaging films applications have attracted by the benefits associated with such techniques in comparison to conventional methods. Furthermore, owing to the benefit of extended shelf-life of new technology packaging used in high barrier packaging films, consumers can eat a meal over multiple days, without worrying about the onset of spoilage. These factors are expected to boost the sales of high barrier packaging films market. Key Developments in the Global High Barrier Packaging Films Market
Competitive Landscape Key players operating in the global high barrier packaging films market include Amcor Limited, Uflex Ltd, Glenroy, Inc, Winpak Ltd., The Mondi Group plc., Toray Plastics (America), Inc., LINPAC Packaging Limited, Schur Flexibles Holding GesmbH, Huhtamaki Oyj, Berry Global Group Inc., Ampac Holdings LLC., Bischof & Klein GmbH & Co. KG, Celplast Metallized Products Ltd, Plastissimo Film Co., Ltd., Sealed Air Corporation, DUNMORE Corporation, Bemis Company, Inc, Polyplex Corporation Limited, Shrinath Rotopack Pvt Ltd, and ACG Worldwide Private Limited. Key resin manufacturers operating in the global high barrier packaging films market include Exxon Mobil Corp, Mitsubishi Chemical Holdings Group, Kuraray Co Ltd, LyondellBasell Industries N.V, LG Chem Ltd., United Co Rusal PLC, Alcoa Corporation, BASF SE, Saudi Arabia Basic Industries Corporation (SABIC), and Chevron Phillips Chemical Company LLC. Key end-user base manufacturers operating in the global high barrier packaging films market include Nestlé S.A, Tyson Foods, Inc, PepsiCo, Inc., The Procter & Gamble Company, JBS SA, Danone SA, Mondelez International, Inc., Johnson & Johnson, Unilever Plc. and Cargill Incorporated. Like it? Share it!More by this author |