Oxygen barrier films are being used to preserve nutrition from moisture and U.V. Sun. Sun. They also sustain the food's scent and ensure its freshness. The rapid growth in global oxygen barrier films market is expected from bakery items, confectionery products like sweet, cereals, & snacks as they are more susceptible to spoilage. This market holds tremendous potential as there is a dramatic shift in eating habits, whereby consumers strongly favor packaged food.
Oxygen Barrier Films Market: Dynamics
Increasing demand for Oxygen barrier films market due increasing consumers preference
Shifting customer demand for packaged food as a result of evolving eating patterns promulgated the need for advanced packaging materials. One of the major factors stimulating the oxygen barrier films industry is the need to preserve product quality and protection along with constant attempts to boost packaging functionality.
The total packaged food industry has reported over USD 2.6 trillion. Resistance to moisture, air, and gases not only improves product shelf life, but also helps to preserve taste and texture, thereby affecting the market for packaged food.
Food Spoilage in FMCG Sector to increase the market demand for oxygen barrier films
Increasing food spoilage refers to the color, smell, taste, texture and nutritional value of a product is unacceptable and not edible to humans. Some of the infection carrying agents such as Flies, Insects, & Bugs contain bacteria particles stick to their tentacles or legs.
They pass on these germs to our flesh, as they sit on our milk. There are various factors that are responsible for the spoilage of food such as bacteria, mold, yeast, moisture, sun, temperature and chemical reaction. And Oxygen Barrier Films acts as a safeguard measure to protect such food items from spoilage which would adversely affect the market demand for the oxygen barrier films market.
Oxygen Barrier Films Market: Regional Outlook
Asia Pacific is poised to see the rapid growth and predicted to increase global Oxygen barrier films market. With an urbanizing population and higher disposable income, there are expected to be large numbers of consumers purchasing packaged goods in the area.
Furthermore, the availability of the same goods in various sizes to satisfy the requirements of various consumer groups has positively affected demand for oxygen barrier films market.
In 2018, North America's oxygen barrier films market accounted for roughly 25 per cent of the total industry share. Favorable environmental regulations along with a strong preference for convenient packaging solutions would promote development in the regional market. Strong presence of key producers and well-established channel of distribution likely to support regional production.
Oxygen Barrier Films Market: Key Players
- Amcor Plc
- American Pouch
- BERNHARDT Packaging and Process
- Flair Flexible Packaging
- HPM Global
- Prairie State Group
- Sealed Air
- Shako Flexipack
- Jindal Ploy Films
- Berry Global, Inc.
- Raven Industries, Inc.
- Toppan Printing Co. Ltd.
- Dupont Teijin Films
- Sumitomo Chemical Co. Ltd.
COVID-19 impact on Oxygen Barrier Films Market
As awareness of the need for protection in packaging increases, Oxygen Barrier films are getting a lot of attention. The U.S. stretch and film industry, like the entire manufacturing sector, is having a significant effect in the short term, both in terms of sales and production during the ongoing pandemic of coronavirus.
More than 60 percent of oxygen barrier-based stretch and shrink film sales, including grooming products, medical equipment, and medications, are for the packaging, bundling, and transport of goods. Oxygen Barrier films is also commonly used to bundle e-commerce orders that are that as a result of shelter-in-place activities, as well as food products like foods, cheeses, dairy, bottled water, and frozen meals and vegetables.
The oxygen barrier films market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report on oxygen barrier films market provide in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies of the oxygen barrier films market.
The Regional analysis includes –
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa (MEA)
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth segmentation of the market
- Historical, current, and projected size of the market, regarding volume and value
- Recent industry trends and developments
- Competitive landscape in the market
- Strategies for key players operating in the market and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the market
- Must-have information for market players to sustain and enhance their market footprint.
Oxygen Barrier Films Market: Segmentation
Globally, the Oxygen Barrier Films Market is segmented into Material type, product type, and end use.
By Material Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylidene (PVDC)
- Ethylene Vinyl Alcohol (EVOH)
- Other Material
By Product Type :
- Barrier films
- Safety & security films
- Decorative films
- Microporous films
By End-Use Industries:
- Automotive and Aerospace
- Other End-user Industries
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.