Electron High Barrier Packaging Film Market Snapshot 2023 to 2033
The global electron high barrier packaging film market is expected to register a market value of US$ 25.32 billion in 2023 and is projected to accumulate a valuation of US$ 44 billion by exhibiting a CAGR of 5.6 % in the forecast period 2023 to 2033. The electron high barrier packaging film market registered a growth of 4.2% CAGR in the historical period 2018 to 2022.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 25.32 billion
Projected Market Value in 2033
US$ 44 billion
Growth Rate (2023 to 2033)
5.6% CAGR
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Key Trends Influencing Market Growth
The market for electron-high barrier packaging films is expected to grow as supermarkets and hypermarkets continue to increase in numbers around the world.
Increasing demand for transparent and lightweight packaging solutions, particularly for electronic devices such as laptops and mobiles as well as food products like fruits, vegetables, and processed foods, will fuel the market growth.
Due to their improved shelf life, ability to maintain food quality, and availability of cost-effective packaging materials, electron high barrier packaging films are in high demand in hypermarkets and retail supermarkets.
According to the Food and Agriculture Organization (FAO), global meat consumption per capita in 2028 will be 35.2 kilograms, rising from 34.3 kilograms in 2019. This surging demand for meat across the globe is propelling the use of polyethylene, a high-performing barrier film.
Demand from the pharmaceutical industry is also rising, attributed to the need for high levels of protection. Due to their durability, flexibility, and lightweight properties, high-barrier packaging films have found wide use in the healthcare sector.
Polypropylene is used primarily because they protect pharmaceutical products against oxygen and odor, water vapor transmission, moisture, bacteria, and other contaminants. These properties make polypropylene a perfect material for high-barrier blister packaging. These films have a high melting point, which makes them suitable for sterilizable items and boilable packages.
Regional Outlook of Electronic High Barrier Packaging Market Expansion
Asia Pacific is expected to dominate the market, accumulating a 41% market share. The region will also witness a CAGR of 5.5% from 2023-2033. Growth is attributed to the continuing trend of consumerism in highly populated areas such as China and India.
According to the Organization for Economic Co-operation and Development, the pharmaceutical industry in India will grow by 232%, and China will see an increase of over 230% between 2017 and 2030. Thus, these advancing trends in the pharmaceutical industry would help fuel the demand for various high-barrier packaging products such as blister base films.
North America is projected to grow with a CAGR of 5.2% during the forecast period. The growth is attributed to the rising demand for packaged food and consumer products. Furthermore, increasing production and demand for milk and other beverages is also expected to augment the product demand in the forthcoming period.
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How Competitive is the Market?
Recent developments and breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing electron high barrier packaging films are expected to create lucrative opportunities for market growth during the forecast period.
In April 2022, Toppan expanded its GL Barrier range with a mono-material Polyethylene barrier designed to pack liquid items in a sterile, durable, and easy-to-recycle material. Intending to meet rising demand in the North American and European markets, the company claims that vapor deposition has previously stood a challenge with Polyethylene packaging and that its new barrier replaces existing designs of its kind.
In May 2021, DuPont's Mobility & Materials division made an investment of US$ 5 million in capital and operating resources at its manufacturing plants in Switzerland and Germany to expand their capacity.
Electron High Barrier Packaging Film Market Overview
Having a thickness of more than 25 micrometer, the high barrier packaging films are being utilized for providing moisture and oxygen barrier protection for end-use products in several end-use industries including beverages, pharmaceuticals, food, etc. A barrier film increases the shelf life of the product and safeguards the food from light, oxygen, and water vapors.
The high-barrier films are majorly used for MAP (Modified Atmosphere Packaging) in the bakery, cheese and meat industries. It is the superior quality packaging process that enhances the freshness of the product.
The barrier films have a flexible structure. Peculiar features such as improved/enhanced thermoforming properties, easy peel options, and improved strength coupled with good stability are anticipated to boost the electron-high barrier packaging film market.
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What Drives the Growth of Electron High Barrier Packaging Film Market?
As the customers are becoming more and more inclined towards environmental issues, they are preferring the light-weight packaging solutions such as high barrier packaging films and are prioritizing the portable packaging in order to decline the waste.
Customers are paying more attention to the convenience factor and the “grab and go” products instead of buying in bulk, thereby resulting in increase in the demand for packaged foods. Moreover, excellent optics couples with easy peel options make the electron high barrier films all the more desirable.
Will Electron High Barrier Packaging Film Market Gain from Improved Packaging Standards?
Nano-sized and sub-micro sized additives offer improvement in the barrier properties under both rigid and flexible packaging. The barrier technology is constantly improving and the active and intelligent packaging is becoming a reality. Having applications under vacuum and modified atmosphere packaging, which provides extended shelf life and is perfect for packing the MAP fresh bread, fresh meat, cheese.
Adding to that, Cosmofilms Ltd, have engineered BOPP based Barrier films, which improves the shelf life of the product as well as shields them against microbial flora, relative humidity, water activity, etc.
are few players which manufacture electron high barrier packaging films.
What are the Strategies Adopted by Leading Electron High Barrier Packaging Film Market Players?
Key players manufacturing the electron high barrier packaging films are continuously roping in the new technologies and are launching new series of the barrier films. Innovia Films, for example, had launched the brand new series of transparent barrier films packaging solutions for dried fruits, cereal bars, biscuits, etc.
In February 2020, Cosmo Films Ltd., a global leader in specialty films announced their barrier films which are solvent-free and prevent contact with oxygen, CO2 or moisture. Therefore, retaining the properties of the packaged foods, and supporting the company’s growth and expansion.
In April 2016, Amcor Ltd. had launched the “Amlite Ultra”, which is a transparent high barrier packaging films product.
What is Driving Electron High Barrier Packaging Sales in India?
The Asia Pacific plays a huge role in shaping the electron high barrier packaging film market due to the presence of innovative technology coupled with cheap labor and a large consumer base to cater to. As customers are preferring “grab and go” products, the demand for packaged food products is at an all-time high in India due to increasing awareness towards the hygiene benefits of the same.
Also due to highly flourishing food services and eateries, demand for electron high barrier packaging films is expected to develop in India during the forecasted period.
How has COVID-19 outbreak affected Electron High Barrier Packaging Films Sales?
The packaging sector around the world has significant advantages and disadvantages as compared to the other industries during the corona virus crisis. COVID-19 has impacted various sectors and many people’s lives in more ways than anyone could possibly imagine. The countries have either temporarily closed or have been permanently shut down. Therefore, have experienced immense economic slowdown.
Now more than ever, consumers want the packaged goods which are considered as safe, rather than the ones which are readily available and sold as lose. Hence, the demand for few packaging formats has increased.
As the electron high barrier packaging film have oxygen permeability of 10cc or less, it doesn’t allow the oxygen to pass through it. Therefore, the trust on the product that is being delivered in the sealed packs with air tight packaging, has become more prominent and the films are proving to be of utmost importance.
Therefore, generating a positive revenue for the market. Adding to that, as the electron high barrier packaging film ensures freshness, durability and protection, there is improvement in the shelf life of the packaged product, which is crucial to the end-users. On a broader level, the demand for electron high barrier packaging films in pandemic has raised to a certain extent.
Key Segments of Electron High Barrier Packaging Film Market Covered in the Report
