March 28, 2020

Barrier Packaging Market is estimated to grow with a CAGR of 5.1% during the forecast period To 2023

The latest market report published by Credence Research, Inc. “Barrier Packaging Market – Growth, Future Prospects, and Competitive Analysis, 2016 – 2023,” the global barrier packaging market was valued at US$ 8.5 billion in 2015 and is expected to reach US$ 12.7 billion by 2023, increasing to CAGR by 5.1 per cent from 2016 to 2023.

Market Insights:

The increasing inclination of consumers towards flexible packaging options and convenience drives the demand for efficient packaging solutions. Packaging manufacturers are therefore developing advanced products to meet the demand of end-users. In addition, there has been an increased demand for high-barrier packaging films that offer advanced protection to a wide range of industries, such as pharmaceutical, food and consumer products. Among the above-mentioned end-users, the barrier food packaging market is expected to show the highest growth during the forecast period. This is due to increased consumption of packaged and convenience food products increased acceptance of convenient and sustainable packaging that offers consumer ease of use and new product development among manufacturers. The Barrier Packaging market is also expected to see significant growth for consumer goods, followed by the healthcare sector.

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Of different barrier packaging types, the stand-up pouches segment is expected to record the highest growth in the forthcoming years. Stand-up pouches are more advantageous as compared to conventional packaging options such as metal tins and glass bottles in terms of better sterilization time, flavor and taste preservation, nutritional value maintenance, durability, energy-saving, enhanced shelf-life, and others. This is intended to increase the adoption of stand-up pouches among end-users, thus fuelling the barrier packaging market growth.

Among different regions, Western Europe is anticipated to dominate the market in terms of revenue share contribution, followed by the Asia Pacific and North America. Asia Pacific is expected to record the highest CAGR during the forecast period. Growing awareness among consumers regarding healthy food leading towards packaging information, improving the supply chain in countries such as China and India, technological advancements, are some of the key factors bolstering the barrier packaging market growth in the Asia Pacific.

Competitive Insights:

Some of the prominent players identified in the barrier packaging market include ALPLA-Werke, Amcor Ltd., DuPont, Berry Plastics, Sealed Air Corporation, Sigma Plastics Group, The 3M Company (Printpack 3M), Daibochi Plastic & Packaging Industry Bhd., AMPAC, Wipak, Charter Nex Films, Toray Plastics (America), Mondi Plc, Innovia Films, Celplast Metallized Products, LINPAC Group, Schur Flexibles Group, RPC Group, and Prairie State Group.

Key Trends:

  • Increasing demand for packaged food products leading towards huge potential in food and beverages industry along with a prime focus on baby food products
  • Availability of products catering to the demand for advanced barrier properties, shifting consumer preferences, extended shelf life, varied packaging sizes
  • North America serves as the largest consumer of packaging, owing to increased consumption of food product

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Type

  • Bags and Pouches
  • Stand-Up Pouche
  • Tray Lidding Film
  • Forming Webs
  • Wrapping Film
  • Blister Pack Base Webs

By Application Type

  • Food
  • Healthcare
  • Consumer Goods

By Technology Type

  • Polymer Nanocomposites
  • Multi-Layer Film
  • Sustainable Barrier Coatings
  • Melamine-Based Barrier Coatings
  • Besela Barrier Film

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

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