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Barrier Films Market Trends

Report ID: GMI7330
Published Date: Nov 2023
Report Format: PDF

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Barrier Films Market Trends

Sustainability remains a significant trend with a growing emphasis on developing barrier films made from recyclable, biodegradable, and renewable materials. Eco-friendly packaging options are gaining traction owing to consumer awareness and environmental concerns.

Customization of barrier films to meet unique industry requirements is a prevalent trend. Functionalities, such as antimicrobial properties, oxygen scavenging, and controlled release of active substances, are being incorporated into films, expanding their applications in the food, pharmaceutical & healthcare sectors. Continuous innovations in material science including the development of nanocomposite films and bio-based polymers are enhancing the barrier properties of these films. These advancements allow for the creation of high-performance films tailored for specific applications.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for barrier films was valued at over USD 28.5 billion in 2022 and is anticipated to grow at a CAGR of around 5.5% between 2023 and 2032, backed by the growing global demand for packaged and processed foods that need for effective barrier packaging solutions.

The organic coating segment is anticipated to register a CAGR of over 7% through 2032, as they often consist of biodegradable and environmentally friendly materials and are considered safe for food contact applications.

Asia Pacific dominated the global barrier films market with a share of over 35% in 2022 as the food & beverage sector in the region is experiencing significant growth due to changing lifestyles, dietary habits, and a preference for convenience foods.

Berry Global Inc., Amcor PLC, Sealed Air Corporation, Toppan Inc., Cosmo Films Ltd., Jindal Poly Films Ltd., and DuPont Teijin Films.