The market size of global barrier films was USD 17.71 Billion in 2023, and it is projected to experience a compound annual growth rate (CAGR) of 5.5% during the forecast period. Factors contributing to the growth of market revenue include increasing demand for sustainable barrier film solutions, government initiatives to tackle plastic pollution and environmental degradation, advancements in technology, and growing demand from various sectors such as food and beverage, pharmaceuticals, and agriculture.
In the pharmaceutical sector, there is a rising demand for barrier films like moisture barrier film. For example, on February 2, 2023, Honeywell introduced Aclar Accel, a thermoformable barrier film for medical packaging, to expand its Aclar films line. Honeywell claims that Aclar Accel offers a cost-effective solution for businesses by extending product shelf life and providing higher moisture resistance compared to cold form foil in aluminum blister packaging.
Companies are continuously developing improved packaging solutions to meet evolving consumer preferences. On April 12, 2023, Toppan's GL Barrier introduced a new grade of barrier films that combines high-barrier performance with light shielding. This alternative to aluminum foil in packaging pharmaceutical and food products offers strong barrier performance, light shielding, and flexibility. According to Toppan, replacing aluminum foil with their barrier films results in a 15% reduction in CO2 emissions during package production compared to flexible packaging that uses aluminum foil. These factors contribute to the growth of revenue in the barrier films market.
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Some of the major companies included in the global market report are AgJunction, Raven Industries, Trimble Inc., Deere Company, AGCO Corporation, DICKEY-john, Topcon, Valmont Industries, Inc., Visartech Inc., and Taranis.
Advantages of the Barrier Films Market:
- Sustainable Solutions: The barrier films market offers sustainable solutions, addressing the growing demand for environmentally friendly packaging options. These films help reduce plastic pollution and contribute to environmental preservation.
- Government Initiatives: Increasing government initiatives aimed at controlling plastic pollution and environmental degradation have provided a favorable environment for the growth of the barrier films market. Regulations and policies promote the adoption of barrier films and drive market growth.
- Technological Advancements: Continuous advancements in barrier film technology have led to the development of innovative and high-performance solutions. These films offer enhanced barrier properties, such as moisture resistance, oxygen barrier, and light shielding, ensuring the preservation and protection of packaged goods.
- Diverse End-Use Applications: The barrier films market caters to various end-use sectors, including food and beverage, pharmaceuticals, agriculture, and more. These films provide effective packaging solutions that extend the shelf life of products, maintain product quality, and prevent spoilage or contamination.
- Improved Product Shelf Life: Barrier films act as a protective barrier against external factors such as moisture, oxygen, UV radiation, and contaminants. By effectively preserving the quality and freshness of packaged goods, these films help extend the product's shelf life, reducing waste and enhancing customer satisfaction.
- Cost-Effectiveness: Barrier films offer cost-effective packaging solutions compared to traditional packaging materials. They provide lightweight and flexible options, reducing transportation costs and minimizing material usage. Additionally, the increased shelf life of products reduces the need for frequent restocking and helps optimize inventory management.
- Reduced Carbon Footprint: Barrier films contribute to a reduction in carbon emissions during the production and transportation of packaged goods. By replacing materials like aluminum foil with barrier films that offer similar barrier properties, the overall carbon footprint can be significantly reduced.
- Enhanced Branding and Marketing Opportunities: The use of barrier films allows for attractive and eye-catching packaging designs, which can enhance product visibility and differentiate brands in the market. Customizable printing options on these films enable effective branding and marketing strategies, leading to increased consumer engagement and brand recognition.
Overall, the advantages of the barrier films market include sustainability, regulatory support, technological advancements, diverse applications, extended product shelf life, cost-effectiveness, reduced carbon footprint, and improved branding opportunities.
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Segments covered in the report:
Segments covered by Application Outlook, End-use Industry, Regional Outlook
By Type Outlook
- Metalized barrier films
- White barrier film
- Transparent barrier films
By End-use Outlook
- Food Beverage
- Pharmaceutical
- Agriculture
- Electronics
- Aerospace
- Automotive
- Others
By Material Outlook
- Polyethylene Terephthalate (PET)
- Polypropylene
- Polyamides (PA)
- Polyvinyl Chloride (PVC)
- Organic Coatings (PVOH, EVOH, PVDC)
- Inorganic Oxide Coatings (Silicon Oxide, Aluminum Oxide, and Silicon Nitride Coatings)
- Others
By Properties
- Outlook
- Corrosion Resistance
- Oxygen and Other Gas Resistance
- Moisture Resistance
- Others
By Distribution Channel Outlook
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Regional Outlook
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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