The high barrier packaging film market share is expected to increase by USD 6.67 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.78%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (food industry, healthcare industry, consumer goods industry, and other industries) and geography (APAC, Europe, North America, South America, and MEA).
The high barrier packaging film market report also offers information on several market vendors, including 3M Co., ALPLA Werke Alwin Lehner GmbH & Co KG, Amcor Plc, Ampac Packaging, Berry Global Group Inc., Celplast Metallized Products Ltd., Charter Next Generation, DuPont de Nemours Inc., Sealed Air Corp., and Sigma Plastics Group among others.
3M Co. - The company offers high barrier packaging film under the brand name 1000 SERIES. Through the safety and industrial segment, the company serves the global industrial, electrical, and safety markets. The transportation and electronics segment includes businesses that serve global transportation and electronic original equipment manufacturers and customers.
What will the High Barrier Packaging Film Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global high barrier packaging film market as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the high barrier packaging film market during the forecast period.
High Barrier Packaging Film Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key High Barrier Packaging Film Market Driver
- One of the key factors driving growth in the high barrier packaging film market is the rising focus on improving the shelf life of products.
- Shelf life is the extent to which a product can be stored before it is used or consumed. The increase in the shelf life of products helps manufacturers keep them for sale for a longer time, thereby reducing the wastage of the product.
- High barrier packaging films are used to improve the shelf life of products. They also help prevent the spoilage of food products by creating a tight seal that keeps air, moisture, and other substances from entering the packaging.
- The use of high barrier packaging films enables the efficient storage of products, which can be used for an extended period. Hence, packaging helps in reducing significant food wastage due to deterioration and spoilage.
Key High Barrier Packaging Film Market Challenge
- The increasing focus on reducing the use of plastic packaging will be a major challenge for the high barrier packaging film market during the forecast period.
- The manufacturers must follow various stringent regulations while manufacturing and marketing plastic-based high barrier packaging films.
- Regulatory organizations such as the US Environmental Protection Agency (EPA) have implemented various stipulations for the market.
- The British Retail Consortium (BRC) and the Institute of Packaging (IoP) have collaboratively created the BRC/IoP Global Standards for Packaging and Packaging Materials. Such stringent regulations can increase the entry barrier in the market and hinder the growth of the market during the forecast period.
This high barrier packaging film market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
High Barrier Packaging Film Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the high barrier packaging film market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for High Barrier Packaging Film Market?
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40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for high barrier packaging film in APAC. Market growth in this region will be faster than the growth of the market in the European regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing End-user Segment in the High Barrier Packaging Film Market?
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The high barrier packaging film market share growth by the food industry segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the high barrier packaging film market size and actionable market insights on the post-COVID-19 impact on each segment.
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High Barrier Packaging Film Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.78% |
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Market growth 2021-2025 |
$ 6.67 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.29 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 40% |
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Key countries |
US, China, Germany, Russian Federation, and Japan |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., ALPLA Werke Alwin Lehner GmbH & Co KG, Amcor Plc, Ampac Packaging, Berry Global Group Inc., Celplast Metallized Products Ltd., Charter Next Generation, DuPont de Nemours Inc., Sealed Air Corp., and Sigma Plastics Group |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this High Barrier Packaging Film Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive high barrier packaging film market growth during the next five years
- Precise estimation of the high barrier packaging film market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the high barrier packaging film market industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of high barrier packaging film market vendors
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