Market Size of Barrier Film Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.40 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Barrier Film Packaging Market Analysis
The barrier film packaging market was valued at USD 30312.51 million in 2019and is expected to reach USD 43859.36million by 2025, registering a CAGR of 6.4% during the period of 2020-2025. The growth of the barrier film market is augmented by the huge demand for high-performance films, owing to the rising barrier requirements in multiple end-user industries. Improvements, particularly in processing technologies, are expected to support the increasing use of barrier films for suitable applications and low-cost production.
- Packaging applications for food are expected to account for a major share of the barrier film market. This can be attributed to the rising trend of down-gauging, which has supported the shift from rigid to flexible packaging. Strong incentives from retailers, producers, and consumers to increase product shelf life and reduce wastage of packaging material, along with the rising preference for fresh foods, such as meat, fruits, vegetables, and seafood, have increased the demand for barrier films.
- Furthermore, Pharmaceutical and medical products make up one of the largest markets for high barrier films. This market is expected to grow at a strong pace, based on increased healthcare spending and new drug formulations that require higher barrier packaging.
- Among the materials, PET is expected to witness an increase in use, due to its ability to be metalized by vapor deposition of metals, which further improves the barrier against oxygen, water vapor, and aroma loss. LCP (liquid crystal PET) is an emerging PET film for high gas barrier applications.
- Moreover, developments in barrier films offer adequate measurements at the low levels of permeability required for organic photovoltaics and OLEDs.Barrier films are designed to safeguard electronic components, such as transistors, electronic circuits, and other electronic products, from degradation caused by moisture/oxygen. Flexible barrier films enclose flexible, organic, and printed electronics to save them from corrosion, without affecting their performance and functionality.
- However, recycling challenges with flexible packaging products and higher operational costs are hindering the growth of the market.
Barrier Film Packaging Industry Segmentation
By Packaging Product | |
Bags | |
Pouches | |
Tray Lidding Films | |
Blister Base Films | |
Wrapping Films and Forming Webs |
By Material | |
Polyethylene (HDPE, LDPE, LLDPE) | |
Biaxially Oriented Polyethylene Terephthalate (BOPET) | |
Polypropylene (CPP and BOPP) | |
Polyvinyl Chloride (PVC) | |
Other Materials (EVOH, Polystyrene (PS), and Nylon,) |
By End-user Industry | |
Food | |
Beverages | |
Pharmaceutical and Medical | |
Personal Care and Home Care | |
Other End-user Industries |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Rest of the World |
Barrier Film Packaging Market Size Summary
The barrier film packaging market is experiencing significant growth, driven by the increasing demand for high-performance films across various end-user industries. This growth is supported by advancements in processing technologies that facilitate the use of barrier films in cost-effective applications. The food packaging sector is expected to dominate the market, largely due to the trend of down-gauging, which encourages the transition from rigid to flexible packaging. This shift is motivated by the need to extend product shelf life and minimize packaging waste, alongside a growing consumer preference for fresh foods. Additionally, the pharmaceutical and medical sectors represent substantial markets for barrier films, propelled by rising healthcare expenditures and the need for advanced packaging solutions for new drug formulations. The use of materials like PET and LCP is anticipated to increase, enhancing the barrier properties against oxygen, water vapor, and aroma loss, which are crucial for both food and electronic applications.
Regionally, Asia-Pacific is a key player in the barrier film packaging market, with countries like India and China contributing significantly to pharmaceutical production and the demand for packaged foods. The region's growing preference for Western-style packaged meats and ready-to-eat meals is expected to further drive market expansion. The industry is characterized by a high level of fragmentation, with major companies such as Amcor Limited, Sealed Air Corporation, and Winpak Limited employing strategies like acquisitions, partnerships, and innovative R&D to maintain competitive advantage. Investments in new manufacturing capabilities, such as those by Mondi in Austria and Huhtamaki in Egypt, highlight the ongoing business opportunities and regional confidence in the market's growth potential.
Barrier Film Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Replacement of Rigid Packaging Formats
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1.3.2 Increasing Biodegradable Barrier Films
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1.4 Market Restraints
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1.4.1 Environmental Legislations For Recycling
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Technology Snapshot
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2. MARKET SEGMENTATION
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2.1 By Packaging Product
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2.1.1 Bags
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2.1.2 Pouches
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2.1.3 Tray Lidding Films
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2.1.4 Blister Base Films
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2.1.5 Wrapping Films and Forming Webs
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2.2 By Material
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2.2.1 Polyethylene (HDPE, LDPE, LLDPE)
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2.2.2 Biaxially Oriented Polyethylene Terephthalate (BOPET)
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2.2.3 Polypropylene (CPP and BOPP)
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2.2.4 Polyvinyl Chloride (PVC)
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2.2.5 Other Materials (EVOH, Polystyrene (PS), and Nylon,)
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2.3 By End-user Industry
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2.3.1 Food
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2.3.2 Beverages
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2.3.3 Pharmaceutical and Medical
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2.3.4 Personal Care and Home Care
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2.3.5 Other End-user Industries
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Rest of the World
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Barrier Film Packaging Market Size FAQs
What is the current Barrier Film Packaging Market size?
The Barrier Film Packaging Market is projected to register a CAGR of 6.40% during the forecast period (2024-2029)
Who are the key players in Barrier Film Packaging Market?
Amcor PLC, Berry Global Inc., Sealed Air Corporation, Mondi Group and Huhtamaki Group are the major companies operating in the Barrier Film Packaging Market.