Barrier Films Market Trends and Dynamics Supply and Demand | 2027Posted by ROSHAN KHACHANE on July 1st, 2019 Global Barrier Films Market: Overview Barrier films refer to those multilayer films that made impassable to gas migration to secure the quality and integrity of products packed inside it. These films protect products ranging from pharmaceuticals to electronics to food products. Barrier films are an inseparable element of food packaging solutions; particularly used in products that are thin plastic-based. It is vital to opt for the right type of film for the specific application that one might have. Before selecting a barrier film, it is necessary to examine the oxygen transfer rate (OTR). It is a measurement of the amount of oxygen that a barrier film allows to pass through. In food packaging applications, generally lesser the oxygen the better it is. As such high barrier films are quite popular as they come with oxygen permeability of less than 10cc. Transparency Market Research offers a comprehensive understanding of the global barrier films market through this report. It offers well-researched data on various facets of the market to offer valuable business input for profit generation. Global Barrier Films Market: Notable Developments In June 2019, Melbourne-based Amcor Ltd. completed its acquisition of Bemis Company, Inc., Wisconsin-based manufacturer of flexible packaging. This completed deal creates a global consumer packaging giant with combined revenues of .4 bn in 2018. Bemis Company, Inc is now a wholly owned subsidiary of Amcor and the combined entity will now operate as Amcor Plc. The noted players that are operational in the global barrier films market are ProAmpac LLC, Berry Global, Amcor Limited, and Sealed Air Corporation. Global Barrier Films Market: Key Trends Below-mentioned market trends and opportunities mark the global Barrier Films Market: Hectic Lifestyle of People to Stimulate Growth of Global Barrier Films Market Hectic lifestyle of people has led to ever-changing food habits and such a lifestyle generates the need for packaged food, which can be eaten on the go or at home, but without the hassle of cooking. Besides, Improvement in the lifestyle and increase in disposable income has also led to the growing consumption of packaged food. Such factors are driving the global barrier film market. Grab-and-go food (GNG) refers to ready-to-eat, pre-packaged food products that are often sold at a self-service refrigerator or somewhat similar outlets. Such products require longer shelf life with quality being intact and thus it acts as an important driver for global barrier film market. With the increasing sales of the food packaging market, it is expected that global barrier films market will experience growth too as they are increasingly used in the food packaging industry for packing different types of food products. The regional analysis covers:
Like it? Share it!More by this author |