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Market research analysts at Technavio predict that the global transparent barrier packaging films market in food industry will grow steadily at a CAGR of more than 6% by 2021. This market research analysis identifies the demand for transparent barrier films in various food packaging applications as one of the primary growth factors for this market. Consumers increasingly prefer food without artificial preservative due to increased health awareness. The various materials used to manufacture the packaging have several features such as like heat resistance, gas and aroma barrier, high tensile strength, puncture resistance, durability, special surface properties, chemical properties, and packaging weight reduction. This drives the usage of high-barrier packaging to extend the shelf life of the product, driving the transparent barrier packaging films market size.
Recent regulations have made it mandatory for complete recycling of transparent barrier films to surpass competitors in the sustainable packaging market. The players in the market have implemented innovative techniques for complete recycling of both aluminum and chlorine-added plastic films. A waste-handling organization has developed a process to recycle the film and the residue gases are transported to different locations for fulfilling the requirements of fuel and energy needs, and this method is prominently used to recycle films. The market analysis identifies the recycling of transparent barrier films as one of the key trends behind the growth of this market.
The transparent barrier packaging films market in food industry is highly competitive and fragmented due to the presence of several international and regional vendors with regional vendors controlling major market share. Factors such as increasing demand for transparent packaging that efficient ly projects the food content and freshness contributes to the growth of this market. Consequently, the barrier packaging market is steadily growing due to the high potential of earning return on the vendor's investment.
The leading vendors in the market are -
The other prominent vendors in the market are Ampac Holdings, Celplast Metallized Products, Charter NEX, Daibochi Plastic and Packaging Industry, Innovia Films, and Mondi.
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Pouches will be the major revenue contributor to the transparent barrier packaging films market in food industry throughout the forecast period as the pouches are highly flexible and are available in different shapes and sizes, depending on the size of the commodity packed. Additionally, it has been noted that the rising demand for fresh food influences the demand for low-temperature packaging with higher barrier features.
The high demand for packaging in APAC for perishable food items, such as fresh and processed foods, meat, poultry, and dairy to seal the products weathering the environmental impact, contributes to the growth of the food packaging materials market.
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This upcoming market research report on the transparent barrier packaging films in food industry is a crucial part of Technavio's transportation and logistics portfolio and offers key insights into the market space for packaging. Technavio's insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.
To identify the industry's growth prospects, research analysts at Technavio follow a mix of primary and secondary market research techniques and consider factors like the market size and the demand for multiple products across the globe. By analyzing various parameters such as the changing preferences of customers and the products provided by competitors across the global and regional markets and the optimal usage of analytical tools, our upcoming market research report on transparent barrier packaging films in food industry for the forecast period, will aid clients understand the dynamically changing landscape of the transportation and logistics industry.
This market study also offers an extensive analysis of various packaging techniques based on the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the transparent barrier packaging films in food industry also covers vendors like Toppan Printing Co. Ltd., Mitsubishi Plastic Inc., Amcor Limited, Bemis, and Berry Plastics. The forthcoming report on transparent barrier packaging films in food industry also considers the growth of the similar market such as tobacco packaging market, which is expected to project at a CAGR of nearly 3% during the period 2017 to 2021.
The upcoming industry research report on the transparent barrier packaging films in food industry also identifies the key drivers, emerging trends, coupled with imminent challenges currently experienced by the packaging sector. It also presents insights into the changing competitive landscape to give you a complete view of the future path of related sectors like transportation and distributions and logistics.
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