High Barrier Packaging Films Market Analysis

High Barrier Packaging Films are basically laminating sheet made up of different polymers which are used in flexible packaging industry. High Barrier Packaging Films are used to prevent food products from water, oil, gas, vapor, oxygen, light, etc. It also helps in retaining properties of food products intact. High Barrier Packaging Films can be produced from different materials according to requirement from various applications.

Global High Barrier Packaging Films market is expected to witness CAGR of 5.75% during the forecast period. The revenue generated by the global High Barrier Packaging Films market in 2021 was over USD 10,472.43 million and expected to generate revenue worth USD 15,741.76 million in 2028. The incremental growth opportunity offered by the global High Barrier Packaging Films is estimated to be USD 94.88 billion between 2022 and 2028.

Interesting Facts about High Barrier Packaging Films Industry

• High Barrier Packaging Films costs around USD 5 per kg
• High Barrier Packaging Films prevent food products from permeation of oil, water, gas and light
• China dominate the production of High Barrier Packaging Films
• Europe is second leading consumer of High Barrier Packaging Films
• Japan, South Korea, U.S. and India are most promising market for High Barrier Packaging Films

Strong Growth of Food Packaging

Food and beverage, Pharmaceutical and medical, Personal care and cosmetics and Others are major application industries for High Barrier Packaging Films. Food packaging is leading application market with over two third share in total revenue generation of High Barrier Packaging Films in 2021. Over the past few years, it has been observed that consumer preference has been shifted towards packaged or processed food products which in turn triggered the demand for flexible food packaging. High Barrier Packaging Films are growing in demand from food packaging industry around the world. Global food packaging market has crossed valuation of USD 300 billion in 2021. This signify the growth potential of High Barrier Packaging Films in food packaging. 

Bags & Pouches to Rule the Demand

Bags & pouches, Stand-up pouches, Tray lidding film, forming webs, wrapping film and Blister pack base webs are major product types of High Barrier Packaging Films. All these products are major part of flexible packaging. Flexible packaging made up of various polymer materials which are tough and durable and facilitate convenience in distribution and transportation. Hence, demand for High Barrier Packaging Films is increasing at a rapid pace.

Excellent Barrier Properties of Polymers

LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH are major polymers used in manufacturing of High Barrier Packaging Films. Linear low-density polyethylene is leading material used in manufacturing of High Barrier Packaging Films. It held over 20% share in total High Barrier Packaging Films consumed in 2021. Aforementioned materials exhibit excellent barrier properties against oil, gas, moisture, oxygen, etc. This in turn improve and extend the shelf life of food & beverages. Polyethylene is most widely used materials for the manufacturing of High Barrier Packaging Films as it is cost effective as compare to other materials and available in abundance. Three types of polyethylene including LLDPE, LDPE and HDPE collectively held over 60% share in 2021.

Environmental & Waste Disposal Concerns

Polyethylene (PE) is the most widely used polymer in the manufacture of plastic films & sheets. PE is non-degradable and adversely impacts the environment.  PE products fill about 20%-40% of U.S. landfills. Raw material used in the production of films is derived from crude oil, and releases a high volume of toxic gases into the environment both during production and use.

Sustainable Coatings for High-Barrier Packaging Film Held the Largest Share

Polymer nanocomposites, Multilayer packaging film recycling, ORMOCERS, Sustainable coatings for high-barrier packaging film, Melamine based high-barrier film, Besela high-barrier film and Others are major technologies used in High Barrier Packaging Films. Sustainable coatings for high-barrier packaging film is dominating the technology segment with highest share in total revenue generation of High Barrier Packaging Films industry and held over 25% share in 2021.

Huge Potential to Grow in Developing Markets

Huge untapped market for high barrier packaging films in emerging economies is expected to provide a growth window for manufacturers. Global average per capita consumption of high barrier packaging films is around one kilogram. However, except Japan and China, most of the emerging economies in Asia Pacific have very low per capita consumption rate of high barrier packaging films. While, U.S. held over 80% share in North America, UK, Germany and France held over 50% share in Europe in 2021.

Leading players in global High Barrier Packaging Films include, Amcor Limited, Bemis Company, Inc., Taghleef Industries, Jindal Poly Films, American Pouch, Sealed Air, Ampac Oliver-Tolas, Krehalon and HPM Global, Inc. Proment players are focused on market share consolidation through acquisition and expansion. The market is highly fragmented with tope five players holding just 23% share in 2021.