Transparent Barrier Packaging Film Market by End-user and Geography - Forecast and Analysis 2022-2026

The transparent barrier packaging film market share is expected to increase by USD 6.89 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.31%.

This transparent barrier packaging film (TBPF) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers transparent barrier packaging film market segmentation by end-user (food, healthcare, consumer goods, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The TBPF market report also offers information on several market vendors, including 3M Co., Amcor Plc, Ampac Packaging, Berry Global Group Inc., CCL Industries Inc., Celplast Metallized Products Ltd, Cosmo Films Ltd, Dai Nippon Printing Co. Ltd., Daibochi Berhad, DUO PLAST AG, DuPont de Nemours Inc., Jindal Poly Films Ltd., Mitsubishi Chemical Corp., Mondi plc, Riddhi Siddhi Plastic, Sumilon Polyester Ltd., Taghleef Industries spa, Toppan Printing Co. Ltd, UFlex Ltd., and Winpak Ltd. among others.

What will the Transparent Barrier Packaging Film Market Size be During the Forecast Period?

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Transparent Barrier Packaging Film Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for TBPF from the food industry is notably driving the transparent barrier packaging film market growth, although factors such as the growing use of substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the transparent barrier packaging film industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Transparent Barrier Packaging Film Market Driver

• One of the key factors driving the global transparent barrier packaging film (TBPF) market growth is the high demand for TBPF from the food industry.
• Manufacturers of food and beverage products choose packaging materials that can extend the shelf-life of food.
• Packaging film materials exhibit unique properties such as resistance to heat, humidity, gas, and aroma barrier.
• The manufacturers prefer food packaging solutions with fewer artificial preservatives. TBPF also increases the salability of products.
• The materials resist puncture and display high tensile strength, durability, and chemical properties. As these are lightweight, they significantly reduce the overall weight of the packaging.
• The high demand for packaging films will increase the consumption of TBPF in the forecast period.

Key Transparent Barrier Packaging Film Market Trend

• Increased demand for high-performance, specialty barrier films is one of the key transparent barrier packaging film market trends that is expected to impact the industry positively in the forecast period.
• The key raw materials used for manufacturing transparent plastic films are PE, biaxially oriented polyethylene terephthalate (BOPET), and BOPP.
• Specialty packaging films such as biaxially oriented polyamide (BOPA), also known as nylon and cast polypropylene films (CPP), are also gaining popularity due to their unique physical and chemical properties.
• Specialty packaging films are primarily known for their excellent barrier properties, stiffness, and tensile strength.
• Specialty packaging films primarily include raw materials such as ethylene vinyl alcohol (EVOH), polyvinylidene chloride (PVDC), and polyamides.
• The growing availability of substitute products can positively influence the potential growth of the market in the forecast years.

Key Transparent Barrier Packaging Film Market Challenge

• One of the key challenges to the global transparent barrier packaging film market growth is the growing use of substitute products.
• Biodegradable packaging materials such as aluminum foil, paper, edible packaging, and edible blobs are increasingly used as substitutes for TBPF in end-use industries.
• In January 2020, Nestle SA (Nestle) announced the launch of Nesquik All Natural powder in paper packaging as a part of the company's growing inclination toward reducing plastic waste.
• The energy consumption during the production of producing transparent films is comparatively higher than that of other packaging materials.
• The global TBPF market faces stiff competition from non-TBPF substitutes such as aluminum foil.
• The high recyclability of aluminum increases its use as a substitute for TBPF.
• In the US, aluminum foil is reprocessed in higher quantities in comparison to plastics. Such factors may hamper the market growth in the coming years.

This transparent 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global transparent barrier packaging film (TBPF) market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the transparent barrier packaging film market during the forecast period.

Who are the Major Transparent Barrier Packaging Film Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• 3M Co.
• Amcor Plc
• Ampac Packaging
• Berry Global Group Inc.
• CCL Industries Inc.
• Celplast Metallized Products Ltd
• Cosmo Films Ltd
• Dai Nippon Printing Co. Ltd.
• Daibochi Berhad
• DUO PLAST AG
• DuPont de Nemours Inc.
• Jindal Poly Films Ltd.
• Mitsubishi Chemical Corp.
• Mondi plc
• Riddhi Siddhi Plastic
• Sumilon Polyester Ltd.
• Taghleef Industries spa
• Toppan Printing Co. Ltd
• UFlex Ltd.
• Winpak Ltd.

 

This statistical study of the transparent barrier packaging film market encompasses successful business strategies deployed by the key vendors. The transparent barrier packaging film market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

Product Insights and News

• Amcor Plc - The company offers transparent barrier packaging films such as coextruded barrier film for dairy and ice cream.
• 3M Co. - The company offers transparent barrier packaging films such as Scotchpak 9733 backing polyester film laminate.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The transparent barrier packaging film market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Transparent Barrier Packaging Film Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the transparent barrier packaging film market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Transparent Barrier Packaging Film Market?

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39% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for transparent barrier packaging films in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the consumption of packaged food and healthcare products will facilitate the transparent barrier packaging film market growth in APAC over the forecast period. 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.

COVID Impact and Recovery Analysis

The TBPF market in APAC had a mixed impact due to the COVID-19 pandemic in 2020. In APAC, India, China, Indonesia, and Bangladesh were some countries that were most affected by the pandemic. The consumer goods industry witnessed an increase in sales in the second half of 2020 than that in the first half in countries such as China and India. Also, in January 2021, the Government of India announced its plans to encourage investment in its private healthcare infrastructure under the Union Budget 2021. Such factors will drive the demand for TBPF for various applications in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Transparent Barrier Packaging Film Market?

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The transparent barrier packaging film market share growth by the food segment will be significant during the forecast period. TBPF are popularly used for packaging meat, meat products, fruits, and vegetable. Processing of meat and meat products includes procedures such as meat drying, controlling acidity, and storing them in airtight containers to reduce microbial attacks. The increasing use of visible packaging solutions in the food industry will further drive the demand for TBPF.

This report provides an accurate prediction of the contribution of all the segments to the growth of the transparent barrier packaging film market size and actionable market insights on post COVID-19 impact on each segment.

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Global Transparent Barrier Packaging Films market in Food Industry - The market share will grow steadily at a CAGR of more than 6% by 2021.

North America Transparent Barrier Packaging Films market - The market share will grow steadily at a CAGR of more than 5% by 2021. 

Transparent Barrier Packaging Film Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.31%
Market growth 2022-2026	$ 6.89 billion
Market structure	Fragmented
YoY growth (%)	6.52
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 39%
Key consumer countries	US, China, India, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., Amcor Plc, Ampac Packaging, Berry Global Group Inc., CCL Industries Inc., Celplast Metallized Products Ltd, Cosmo Films Ltd, Dai Nippon Printing Co. Ltd., Daibochi Berhad, DUO PLAST AG, DuPont de Nemours Inc., Jindal Poly Films Ltd., Mitsubishi Chemical Corp., Mondi plc, Riddhi Siddhi Plastic, Sumilon Polyester Ltd., Taghleef Industries spa, Toppan Printing Co. Ltd, UFlex Ltd., and Winpak Ltd.
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 forecast period
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.

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What are the Key Data Covered in this Transparent Barrier Packaging Film Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive transparent barrier packaging film market growth during the next five years
• Precise estimation of the transparent barrier packaging film market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the transparent barrier packaging film industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of transparent barrier packaging film market vendors

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