Market dynamics:
Drivers:
Barrier films are in high demand due to customers' increasingly busy lifestyles and the resulting desire for simple snack food packaging. Barrier films extend the life of products and reduce the need for preservatives. Barrier films also serve as a printing substrate, enhancing the product's aesthetic appeal. Traditional container styles are giving way to lighter, easier-to-transport packaging in the food and beverage industries. Barrier films assist meet this demand since they are lighter than rigid packaging and avoid the usage of glass and cans, which add to the container's weight.
The Packaging Barrier Films Market Trends is projected to experience a compound annual growth rate (CAGR) of 5.3%, increasing from USD 32.81 billion in 2022 to USD 51.10 billion by 2030.
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Market Segmentation:
By Material:
Polyvinyl Chloride
Ethylene-vinyl Alcohol
Polyethylene
Polypropylene
Transparent high-barrier films
Others
By Product:
Wrapping film
Pouches & bags
Tray Lidding film
Others
By Technology:
Besela Barrier Film
Multi-Layer Film
Sustainable Barrier Coatings
Others
By Application:
Personal care and Cosmetics
Food & Beverages
Pharmaceuticals
Others
Key Players:
Sealed Air Corporation (U.S), Amcor Limited (Australia), Printpack Inc. (U.S), The Mondi Group (Austria), Constantia Flexibles Group GmbH (Austria), Berry Plastics Corporation (U.S), Wipak Walsrode GmbH & Co. KG (Germany), Linpac Packaging Limited (U.K), Sonoco Products Company (U.S), Bemis Company Inc. (U.S) and Huhtamaki Group (Finland).
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