Oxygen Barrier Films & Coatings For Dry Food Market Analysis

Oxygen Barrier Films & Coatings For Dry Food Market Analysis

Metalized films dominated the overall material demand and accounted for over 35% of the industry share in 2018. Glossy appearance, light weightiness, and strong resistance against moisture are among the key factors fueling the oxygen barrier films & coatings for dry food market segment growth. The material is highly preferable for decorative purposes due to its resemblance to aluminum foil. The controlled permeation ability of metalized film results in extended product shelf life.

Transparent films are set to observe the highest gains in the industry and surpass USD 300 million in revenue by 2025. Superior functionality regarding moisture and vapor resistance along with providing a visual appearance to customers to compare the product makes the material popular in the food industry. EVOH is an effective oxygen barrier coating for dry food and gaining industry share from PVDC owing to its environmentally friendly characteristics. The material has excellent thermal stability and is highly preferred for items that need superior protection from aroma loss.

Pouches & bags accounted for more than 60% of the industry share in 2018. High applications scope owing to its better suitability regarding convenience in carrying and storage has positively driven the demand in this segment. Features such as stand upright ability, saving sterilization time, and easy handling over traditional packaging induced the product penetration. In addition, improved taste & nutrition preservation accompanied by enhanced shelf appearance makes this packaging type more popular in the industry.

Lid stocks and wraps segment will observe over 4.5% CAGR up to 2025 due to their space-saving and seen through visual appearance benefits in the food industry. Key features such as integral anti-mist packaging to retain the taste and aroma will stimulate the oxygen barrier films & coatings for dry food market revenue

Baked goods i.e., dry mixes dominated the application share and are foreseen to be worth USD 500 million by 2025. Rising consumer spending on bakery products owing to change in lifestyle and eating habits has induced the high-performance packaging requirement for these products. Need to maintain product freshness, protein content, and improve shelf life are key reasons to witness high demand in this segment.
 

Savory snacks are the second-fastest-growing application and accounted for approximately 15% of the industry share in 2018. High spending on indulgence snacks along with the need to maintain product crispiness has promulgated the oxygen barrier films & coatings for dry food market. The other applications type includes soup, biscuits, nuts, and fruit snack and anticipated to gain notable growth over the projected timeframe.
 

Asia Pacific is set to witness highest gains and is expected to generate more than USD 350 million in revenue by 2025.  With an urbanizing population and higher disposable income, a large number of customers are expected to purchase packaged products in the region. In addition, the availability of the same products in different sizes to suit the requirement of various customer groups has positively influenced the market for oxygen barrier films & coatings for dry food.
 

North America accounted for approximately 25% of the overall industry share in 2018. Favorable environmental regulations along with a high preference for convenient packaging solutions will facilitate the regional industry growth. The strong presence of key manufacturers and a well-established distribution network is likely to support the oxygen barrier films & coatings for dry food market growth.