High Barrier Packaging Films Market

Growing awareness levels among consumers regarding environmental issues and growing preferences towards light weight packaging solutions are expected to drive product demand over the coming years. Use of lighter weight packaging solutions offer advantages such as portable packaging and limit waste generation. Additionally, stringent government norms and regulation and shifting trend towards smaller pack packaging purchase is projected to further drive product demand across the globe. Asia Pacific excluding Japan currently holds major market share, owing to the strong economical developments and growing concerns regarding environmental hazards.

The report titled “High Barrier Packaging Films Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period.

Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global high barrier packaging films market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, BASF SE reported revenues of US$ 70.24 Billion in 2018 and the segment and geographic analysis of the company indicates that functional material and solution is the dominating revenue segment of the company, with the Europe being the major revenue generating region.

The high barrier packaging films market study takes into consideration market segmentation based on type, material, packaging type, end user, and geography. Based on type, the market is segmented into metalized films, clear films, organic coating films, and inorganic oxide coating films. Based on material type, the global market is segmented into Polyethylene (PE), Polypropylene (PP), Ethylene Vinyl Alcohol (EVOH), Polyethylene Terephthalate (PET), and Others. Based on packaging type, the market is segmented into pouches, shrink films, bags, lids, laminated tubes, and others. Based on end user, the market is segmented into food and beverages, pharmaceuticals, electronic devices, medical devices, agriculture, chemicals, and others. On the basis of geography, the global market is further segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on high barrier packaging films products. Further, market share of company in the global high barrier packaging films market would also be calculated. For instance, In May 2015, Sigma Plastics acquired Forest Park, Georgia-based Tara Plastics Corp., a company that specializes in producing LLDPE film for high-speed converting and mono-layer PE. The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the high barrier packaging films manufacturing companies. Furthermore, the global high barrier packaging films study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.

Product portfolio would focus on all the products under the high barrier packaging films business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global high barrier packaging films market. For instance, BASF SE operates through five segments namely Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and others. Moreover, the company offers high barrier packaging films under the Chemical segment which generated a revenue of US$ 18424.69 Mn in 2018.

Major players dominating the global market include Amcor Limited, Uflex Ltd, Glenroy, Inc, Winpak Ltd., The Mondi Group plc., Toray Plastics (America), Inc., LINPAC Packaging Limited, Schur Flexibles Holding GesmbH.