Global Transparent Barrier Packaging Films (TBPF) Market in Consumer Goods Industry 2017-2021

Overview of the global transparent barrier packaging films (TBPF) market in the consumer goods industry

Market research analysts at Technavio predict that the global TBPF market in the consumer goods industry will grow at a CAGR of almost 6% by 2021. This market research analysis identifies the low price of crude oil as one of the primary growth factors for the TBPF in consumer goods market. Crude oil prices are reducing drastically and this benefits both the vendors and consumers. Countries that import oil and petroleum products in large quantity benefit the most as low crude oil prices result in low polymer prices. Since transparent barrier packaging films are made from plastic polymers that are derived from crude oil, this low crude oil prices will significantly contribute to the growth of the market.

High-barrier packaging films contain high-barrier resins that provide improved product protection from factors such as oxygen and moisture which provide longer shelf life. Additionally, these films have superior performance than other packaging products since specialized coatings and resins and laminated structures are used to develop this form of packaging. High barrier packaging is considered as premium packaging by the consumers, consequently increasing its usage in the consumer goods industry. Key vendors in this market have launched recyclable barriers using polymers and this helps in recycling barrier films without affecting the aesthetic value and quality of barrier film. This will in turn, increase the need for high-barrier packaging films which according to this industry research experts will be one of the key trends behind the growth of this market space.

Competitive landscape and key vendors

The TBPF market in the consumer goods industry is intensely competitive and highly fragmented due to the presence of several established international and local vendors. There is intense competition among the vendors and this is usually based on factors such as product differentiation, portfolio, and pricing. The competition among the market players will further intensify due to an increase in product extensions, innovations in technology, and M&A. The large vendors in the company focus in acquiring smaller players to expand their product line and to strengthen their market presence.

The leading vendors in the market are -

• Amcor Limited
• Berry Global
• Bemis Company
• Mitsubishi Plastic Inc.
• TOPPAN PRINTING CO. LTD.

The other prominent vendors in the market are Ampac Holdings LLC, Honeywell, Celplast Metallized Products, Charter NEX, Winpak, Daibochi Plastic and Packaging Industry Bhd, Sealed Air, Innovia Films, Mondi, and Treofan.

Segmentation by end user and analysis of the TBPF market in the consumer goods industry

• Body deodorants and beauty care
• Hair care
• Skin and body care

The increased acceptance of personal care products contributes to the growth of the body deodorants and beauty care segment. Consumer goods and body deodorants and beauty care cosmetic products packaged with TBPF have longer shelf life, are UV and moisture resistant, and prevent contamination. Additionally, the clear display contains artwork and display and enable the customer to select the preferred color.

Geographical segmentation and analysis of the TBPF market in the consumer goods industry

• Americas
• APAC
• EMEA

The e-commerce industry is increasingly using packaging films to wrap or package consumer goods. Owing to factors such as the growth of the e-commerce industry, the rise in international trade, the growing demand for consumer goods, the increasing purchasing power of the people, and the growth of developing economies such as India, Japan, South Korea, and Singapore, APAC will be the major revenue contributor to this market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global transparent barrier packaging films market in the consumer goods industry?
• What are the key market trends impacting the growth of the global transparent barrier packaging films market in the consumer goods industry?
• What are the challenges to market growth?
• Who are the key vendors in the global transparent barrier packaging films market in the consumer goods industry?
• What are the market opportunities and threats faced by the vendors in the global transparent barrier packaging films market in the consumer goods industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global transparent barrier packaging films market in the consumer goods industry?

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