High Performance Barrier Films Market

High Performance Barrier Films Market Snapshot

The global high performance barrier films market size is expected to be valued at US$ 11.7 Billion in 2022. The rising consumption of ready-to-eat food items is anticipated to bolster the global market growth. As per the study, the market is projected to reach US$ 15.6 Billion in 2032 and register a CAGR of 7.4% in the forecast period from 2022 to 2032.

High performance barrier films are used to protect the content of a packaging from oxygen and moisture. These fulfill the growing demand for barrier protection for chemicals, carbon dioxide, UV radiation, flavor, and aroma.

Polypropylene material is anticipated to gain immense popularity in future years owing to its ability to protect numerous pharmaceutical product against contamination, odor, bacteria, and water vapor transmission. It is also considered to be ideal for high barrier blister packaging.

Thermoforming films, on the other hand, are puncture resistant and thus allow manufacturers to pack their products using these materials. These also enable easy transportation and provide high product visibility without disturbing the barrier properties.

How are Manufacturers Influencing the High Performance Barrier Films Market Growth

Manufacturers nowadays are striving to keep up with stringent ISO standards, such as quality management certifications like ISO 9001 to distribute their products in the global market. This factor is projected to bolster the sales of high performance barrier films in the upcoming years.

Besides, the COVID-19 pandemic that started back in December 2019 propelled the demand for sterilizable products in the healthcare sector. Thus, manufacturers have expanded their capacities to provide better packaging solutions for such products to customers. It is another significant factor that is set to foster growth in this market.

Will Plastic Ban Restrain the High Performance Barrier Films Market Growth

Increasing concerns regarding the environment are compelling regulatory bodies to promote sustainability in both developed and developing countries. They are implementing stringent norms to ban the usage of plastic. This factor may obstruct the high performance barrier films market growth in the near future. However, the demand for these films is projected to surge as manufacturers are inclining towards the usage of recyclable materials, such as aluminum oxide.

Is the Growing Pharmaceutical Industry Pushing Asia Pacific High Performance Barrier Films Market

Based on region, the demand for high performance barrier films is expected to be the highest in Asia Pacific. This growth is attributable to the rising working population and the increasing purchasing power of people across developing countries, such as China and India.

The ongoing trend of consumerism and the rapid expansion of the pharmaceutical sector in these countries are some of the other crucial factors that are anticipated to augment growth. As per the India Brand Equity Foundation (IBEF), the country is the largest supplier of generic medications and accounts for nearly 20% of the global supply by volume. This number is set to grow in future years, thereby driving the Asia Pacific market.

Ismail Sutaria

Principal Consultant

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How is the North America High Performance Barrier Films Market Faring

The surging demand for packaged foods and beverages in the U.S. and Canada is likely to spur the North America high performance barrier films market share in the evaluation period. The urgent need for pouch packaging for keeping packaged consumables fresh for a long period of time is another vital factor that is set to fuel the regional market.

In addition to that, the rising development of high-quality pharmaceutical packaging, such as pouches and bags to protect medicines from external influences is anticipated to drive the market. The presence of various renowned packaging manufacturers in North America is also estimated to accelerate growth.

Market Competition

Some of the leading companies operating in the global high performance barrier films market include Perlen Packaging AG, Avery Dennison Israel Ltd., Taghleef Industries LLC., Sigma Technologies Int'l, LLC, Klöckner Pentaplast Europe GmbH & Co., Cosmo Films Limited, Toray Plastics (America), Inc., Jindal Poly Films Limited, and Honeywell International Inc. among others.

The global market is fragmented in nature owing to the presence of several key players. Majority of them are facing stiff competition from local and regional companies. They are thus investing huge sums in research and development activities to develop novel products by keeping up with the government, as well as environmental compliance.

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Report Scope

Key Segments Profiled in the High Performance Barrier Films Industry Survey

By Material:

• Polyethylene (PE)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Polylactic Acid

By Type:

• Bags & Pouches
• Stand-up Pouches
• Retort
• Non-Retort
• Tray Lidding Films
• Forming Webs
• Wrapping Films
• Blister Pack Base Webs

By End User:

• Food & Beverage
• Pharmaceuticals
• Electronics
• Construction
• Agriculture & Allied Industries
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa