High Barrier Packaging Films Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Material (Polyethylene, Polypropylene, Organic Coating, BOPET, Inorganic Coating, Polyamide, Others), By End-User (Food And Beverage, Agriculture, Pharmaceuticals, Others), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061612592 Pages: 121

The global high barrier packaging films market is expected to witness a CAGR of 4.89% over the forecast period to reach US$6.951 billion by 2024 from US$5.220 billion in 2018. High Barrier Films are packaging materials used to preserve the freshness and quality of a product. These are used to prevent the product from water, moisture, gas or light. The rising demand for customer friendly packaging and increasing demand for products with a longer shelf life is expected to drive the high barrier packaging films market. Further downsizing of packaging is also a factor expected to create opportunities for the market.

The key industries driving the market for high barrier packaging are packaged food and beverages, pharmaceuticals, cosmetics and personal care among others. Furthermore, the growing industrialization and urbanization in developing economies in countries like India and China coupled with the increasing demand for convenience products are expected to boost the market for high barrier packaging films. However, the concerns regarding degradation and environmental concerns owing to difficult recycling are expected to hamper the market growth.

DRIVERS
Rising demand for customer friendly packaging.
Increasing demand for products with a longer shelf life.
Rising downsizing of packaging.

RESTRAINTS
Environment concerns due to difficult recycling
Vulnerability to degradation

INDUSTRY UPDATE
In August 2018, Amcor Limited (Amcor) and Bemis Company, Inc. (Bemis) announced a definitive agreement under which Amcor will acquire Bemis.
In November 2017, Berry Global Group announced agreement to acquire Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation for USD 475 million.
In July 2017, Toray Plastics (America) launched two ultra-high-barrier pet films for extended shelf life and e-commerce application
In June 2016, Amcor Limited completed the acquisition of Alusa S.A a U.S based packaging manufacturer.

The major players profiled in the high barrier packaging films market include Amcor Limited, Sealed Air Corporation, Cosmo Films Ltd., Toppan Printing Co Ltd., Glenroy Inc., Toray Plastics (America) Inc, Berry Global Inc., Uflex Ltd., Jindal Poly Films Ltd., Mondi Group, Winpack Ltd., Dunmore, and Honeywell International Inc.

High Barrier Packaging Films Market Scope:

Report Metric Details
 Market size value in 2018  US$5.220 billion
 Market size value in 2024  US$6.951 billion
 Growth Rate  CAGR of 4.89% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Material, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Amcor Limited, Sealed Air Corporation, Cosmo Films Ltd., Toppan Printing Co Ltd., Glenroy Inc., Berry Global Inc., Uflex Ltd., Jindal Poly Films Ltd., Mondi Group, Winpack Ltd., Dunmore, Honeywell International Inc.
 Customization scope  Free report customization with purchase

 

Segmentation

The high barrier packaging films market has been analyzed through the following segments:

By Material
Polyethylene
Polypropylene
Organic coating
BOPET
Inorganic coating
Polyamide
Others

By End-User
Food and Beverage
Agriculture
Pharmaceuticals
Others

By Geography
North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others


Frequently Asked Questions (FAQs)

Q1. What will be the high barrier packaging films market size by 2024?
A1. The high barrier packaging films market is expected to reach a total market size of US$6.951 billion by 2024.
 
Q2. What is the size of the global high barrier packaging films market?
A2. High Barrier Packaging films market was valued at US$5.220 billion in 2018.
 
Q3. What are the growth prospects for high barrier packaging films market?
A3. The high barrier packaging films market is expected to witness a CAGR of 4.89% during the forecast period.
 
Q4. What factors are anticipated to drive the high barrier packaging films market growth?
A4. The rising demand for customer-friendly packaging and increasing demand for products with a longer shelf life is expected to drive the high barrier packaging films market.
 
Q5. Who are the major players in the global high barrier packaging films market?
A5. The major players profiled in the high barrier packaging films market include Amcor Limited, Sealed Air Corporation, Cosmo Films Ltd., Toppan Printing Co Ltd., Glenroy Inc., Toray Plastics (America) Inc, Berry Global Inc., Uflex Ltd., Jindal Poly Films Ltd., Mondi Group, Winpack Ltd., Dunmore, and Honeywell International Inc.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. HIGH BARRIER PACKAGING FILMS MARKET BY MATERIAL
5.1. Polyethylene
5.2. Polypropylene
5.3. Organic coating
5.4. BOPET
5.5. Inorganic coating
5.6. Polyamide
5.7. Others
6. HIGH BARRIER PACKAGING FILMS MARKET BY END-USER
6.1. Food and Beverage
6.2. Agriculture
6.3. Pharmaceuticals
6.4. Others
7. HIGH BARRIER PACKAGING FILMS MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Amcor Limited
9.2. Sealed Air Corporation
9.3. Cosmo Films Ltd.
9.4. Toppan Printing Co Ltd.
9.5. Glenroy Inc.
9.6. Berry Global Inc.
9.7. Uflex Ltd.
9.8. Jindal Poly Films Ltd.
9.9. Mondi Group
9.10. Winpack Ltd.
9.11. Dunmore
9.12. Honeywell International Inc.
LIST OF FIGURES
LIST OF TABLES

Amcor Limited
Sealed Air Corporation
Cosmo Films Ltd.
Toppan Printing Co Ltd.
Glenroy Inc.
Berry Global Inc.
Uflex Ltd.
Jindal Poly Films Ltd.
Mondi Group
Winpack Ltd.
Dunmore
Honeywell International Inc.

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