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Barrier Films Demand to Surge at 5.3% CAGR, Creating US$ US$ 40.1 Billion Market Opportunity by 2025 – Exclusive Report by MarketsandMarkets™

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Barrier Films Demand to Surge at 5.3% CAGR, Creating US$ US$ 40.1 Billion Market Opportunity by 2025 – Exclusive Report by MarketsandMarkets™

November 02
20:20 2022
Barrier Films Demand to Surge at 5.3% CAGR, Creating US$ US$ 40.1 Billion Market Opportunity by 2025 - Exclusive Report by MarketsandMarkets™
Browse 109 market data Tables and 67 Figures spread through 180 Pages and in-depth TOC on “Barrier Films Market”
Barrier Films Market by Material (PE, PET, PP, Polyamide, Organic Coatings, Inorganic Oxide Coatings), End-Use Industry (Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture), and Region (North America, APAC, Europe)

The global barrier films market size is estimated at USD 3.1 billion in 2020 and is projected to reach USD 4.1 billion by 2025, at a CAGR of 5.3%, between 2020 and 2025. Barrier films are single-layered or multi-layered films, which are manufactured from polymeric materials such as PE (polyethylene), PP (polypropylene), PVC (polyvinyl chloride), PET (polyethylene terephthalate), BOPET (biaxially-oriented polyethylene terephthalate), PS (polystyrene), EVOH (ethylene vinyl alcohol), inorganic oxides, aluminum, and polyamide. These films are specifically used for the packaging of food materials to ensure longer shelf life of products. These are also used in agriculture, aerospace, pharmaceutical, automotive and electronics industries. These films provide barrier against gas, aroma, vapor, and moisture. 

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The barrier films market is segmented on the basis of material into PE, PP, PET/BOPET, polyamide, organic coatings, inorganic coatings, and others. PE holds the major market share of the overall barrier films market owing to its good moisture barrier properties. The inorganic oxide coatings segment is projected to be the fastest-growing segment during the forecast period as they have excellent moisture barrier properties and are transparent and cost-effective.

The barrier films market is segmented on the basis of end-use industry into food & beverage packaging, pharmaceutical packaging, agriculture, and others. Food & beverage end-use segment holds major market share of the overall barrier films market owing to growing need for product safety and convenience and increasing consumer preference for process & packaged food are driving the demand for barrier films in food & beverage packaging.

APAC is the largest market for barrier films market and is expected to register the highest CAGR, owing to strong demand from end-use industries, such as food & beverage packaging and agriculture, in the region. This dominance is attributed to the high demand from food & beverage, pharmaceutical, and agriculture end-use industries in China, Japan, and India, among others. 

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The key players in the barrier films market are Berry Global Inc. (US), Amcor Plc (Australia), Sealed Air (US), Raven Industries (US), Toppan Prnting Co., Ltd. (Japan), Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Dupont Teijin Films (US), Uflex Ltd. (India), and Sumitomo Chemical Co., Ltd. (Japan). The barrier films market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2020, which include expansions, merger & acquisition, new product developments, and collaborations. 

Berry Global, Inc. (US) is one of the major providers of engineered materials, nonwoven specialty materials, and plastic consumer packaging. The company is focused on providing high-quality custom-made solutions. In April 2017, Berry Plastics Group, Inc. changed its name to Berry Global, Inc. It serves barrier films through its consumer packaging international and consumer packaging North America segments. The company offers barrier films made from EVOH, HDPE, LLDPE, or PP. The company’s engineered materials division recently expanded with the acquisition of AEP Industries Inc. (US), a key player in flexible plastics packaging with an enriched portfolio of agricultural films and custom films in North America. Berry Global Group has a strong global presence, with more than 130 facilities. 

Amcor Plc (Australia) was formerly known as Australian Paper Manufacturers (APM). The company is a global packaging manufacturer that offers innovative and flexible packaging solutions. It offers plastic packaging film, metal, and glass packaging for several industries, such as food & beverage, medical, household, industrial goods, pharmaceutical, and tobacco. The company operates through two business segments, flexibles and rigid packaging. It offers barrier films through its flexibles business segment.

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