High Barrier Packaging Films Market - Forecasts from 2019 to 2024
The global high barrier packaging market is expected to witness a CAGR of 4.89% over the forecast period to reach US$6.951 billion by 2024 from US$5.220 billion in 2018. High Barrier Films are packaging materials used to preserve the freshness and quality of a product. These are used to prevent the product from water, moisture, gas or light. The rising demand for customer friendly packaging and increasing demand for products with a longer shelf life is expected to drive the high barrier packaging films market. Further downsizing of packaging is also a factor expected to create opportunities for the market.
The key industries driving the market for high barrier packaging are packaged food and beverages, pharmaceuticals, cosmetics and personal care among others. Furthermore, the growing industrialization and urbanization in developing economies in countries like India and China coupled with the increasing demand for convenience products are expected to boost the market for high barrier packaging films. However, the concerns regarding degradation and environmental concerns owing to difficult recycling are expected to hamper the market growth.
DRIVERS
Rising demand for customer friendly packaging.
Increasing demand for products with a longer shelf life.
Rising downsizing of packaging.
RESTRAINTS
Environment concerns due to difficult recycling
Vulnerability to degradation
INDUSTRY UPDATE
In August 2018, Amcor Limited (Amcor) and Bemis Company, Inc. (Bemis) announced a definitive agreement under which Amcor will acquire Bemis.
In November 2017, Berry Global Group announced agreement to acquire Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation for USD 475 million.
In July 2017, Toray Plastics (America) launched two ultra-high-barrier pet films for extended shelf life and e-commerce application
In June 2016, Amcor Limited completed the acquisition of Alusa S.A a U.S based packaging manufacturer.
The major players profiled in the high barrier packaging films market include Amcor Limited, Sealed Air Corporation, Cosmo Films Ltd., Toppan Printing Co Ltd., Glenroy Inc., Toray Plastics (America) Inc, Berry Global Inc., Uflex Ltd., Jindal Poly Films Ltd., Mondi Group, Winpack Ltd., Dunmore, and Honeywell International Inc.
Segmentation
The high barrier packaging films market has been analyzed through the following segments:
By Material
Polyethylene
Polypropylene
Organic coating
BOPET
Inorganic coating
Polyamide
Others
By End-User
Food and Beverage
Agriculture
Pharmaceuticals
Others
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
The key industries driving the market for high barrier packaging are packaged food and beverages, pharmaceuticals, cosmetics and personal care among others. Furthermore, the growing industrialization and urbanization in developing economies in countries like India and China coupled with the increasing demand for convenience products are expected to boost the market for high barrier packaging films. However, the concerns regarding degradation and environmental concerns owing to difficult recycling are expected to hamper the market growth.
DRIVERS
Rising demand for customer friendly packaging.
Increasing demand for products with a longer shelf life.
Rising downsizing of packaging.
RESTRAINTS
Environment concerns due to difficult recycling
Vulnerability to degradation
INDUSTRY UPDATE
In August 2018, Amcor Limited (Amcor) and Bemis Company, Inc. (Bemis) announced a definitive agreement under which Amcor will acquire Bemis.
In November 2017, Berry Global Group announced agreement to acquire Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation for USD 475 million.
In July 2017, Toray Plastics (America) launched two ultra-high-barrier pet films for extended shelf life and e-commerce application
In June 2016, Amcor Limited completed the acquisition of Alusa S.A a U.S based packaging manufacturer.
The major players profiled in the high barrier packaging films market include Amcor Limited, Sealed Air Corporation, Cosmo Films Ltd., Toppan Printing Co Ltd., Glenroy Inc., Toray Plastics (America) Inc, Berry Global Inc., Uflex Ltd., Jindal Poly Films Ltd., Mondi Group, Winpack Ltd., Dunmore, and Honeywell International Inc.
Segmentation
The high barrier packaging films market has been analyzed through the following segments:
By Material
Polyethylene
Polypropylene
Organic coating
BOPET
Inorganic coating
Polyamide
Others
By End-User
Food and Beverage
Agriculture
Pharmaceuticals
Others
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. HIGH BARRIER PACKAGING FILMS MARKET BY MATERIAL
5.1. Polyethylene
5.2. Polypropylene
5.3. Organic coating
5.4. BOPET
5.5. Inorganic coating
5.6. Polyamide
5.7. Others
6. HIGH BARRIER PACKAGING FILMS MARKET BY END-USER
6.1. Food and Beverage
6.2. Agriculture
6.3. Pharmaceuticals
6.4. Others
7. HIGH BARRIER PACKAGING FILMS MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Amcor Limited
9.2. Sealed Air Corporation
9.3. Cosmo Films Ltd.
9.4. Toppan Printing Co Ltd.
9.5. Glenroy Inc.
9.6. Berry Global Inc.
9.7. Uflex Ltd.
9.8. Jindal Poly Films Ltd.
9.9. Mondi Group
9.10. Winpack Ltd.
9.11. Dunmore
9.12. Honeywell International Inc.
LIST OF FIGURES
LIST OF TABLES
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. HIGH BARRIER PACKAGING FILMS MARKET BY MATERIAL
5.1. Polyethylene
5.2. Polypropylene
5.3. Organic coating
5.4. BOPET
5.5. Inorganic coating
5.6. Polyamide
5.7. Others
6. HIGH BARRIER PACKAGING FILMS MARKET BY END-USER
6.1. Food and Beverage
6.2. Agriculture
6.3. Pharmaceuticals
6.4. Others
7. HIGH BARRIER PACKAGING FILMS MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Amcor Limited
9.2. Sealed Air Corporation
9.3. Cosmo Films Ltd.
9.4. Toppan Printing Co Ltd.
9.5. Glenroy Inc.
9.6. Berry Global Inc.
9.7. Uflex Ltd.
9.8. Jindal Poly Films Ltd.
9.9. Mondi Group
9.10. Winpack Ltd.
9.11. Dunmore
9.12. Honeywell International Inc.
LIST OF FIGURES
LIST OF TABLES
