Specialized materials called high barrier packaging films are made to offer outstanding defense against elements like moisture, oxygen, light, and other outside influences that can harm packed goods’ quality and shorten their shelf life.
The global High Barrier Packaging Films Market is poised for significant growth, with a projected value exceeding US$ 18.5 billion by 2023. This upward trajectory is expected to continue with a moderate Compound Annual Growth Rate (CAGR) of 3.9% throughout the estimated time frame from 2023 to 2033. By the end of this period, the market is anticipated to reach a substantial value of US$ 33.6 billion.
High-performance polyethylene film sales are expected to rise in response to the rising demand for meat around the world. These specialty films have a number of advantages that meet the unique needs of meat, poultry, and fish, making them ideal for use in the packaging of these food items. These films are noteworthy for their remarkable heat resistance, durability, and oxygen barrier, all of which contribute to the preservation and protection of meat products for the duration of their shelf life. Because of this special mix of qualities, polyethylene films are the go-to option for packaging meat while still upholding the strict industry standards.
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Growth Factors
Transparent and see-through packaging has a significant influence on food and beverage products. High barrier packaging films are crafted using specialized materials that serve as a functional shield, preserving the quality, aroma, taste, and texture of food items. These films find extensive application in packaging a wide array of food products, including dairy items, fruits, and vegetables.
The increasing demand for high barrier packaging films can be attributed to their exceptional oxygen barrier properties, durability, lightweight characteristics, and resistance to heat. These attributes are driving their popularity, and their demand is expected to soar over the foreseeable period. Another crucial factor contributing to the robust sales in this market is the global surge in meat consumption. This trend underscores the versatile application of high barrier packaging films and their relevance in the food and beverage industry.
For instance,
In December 2022, AlphaFlex Corporation, a renowned player in the packaging industry, inaugurated its state-of-the-art flexible packaging facility in China, marking a significant milestone in its expansion strategy. The new plant, touted as China’s largest of its kind, underscores AlphaFlex’s commitment to meeting the surging demand for flexible packaging solutions across the Asia Pacific region.
Similarly, in June 2022, EcoPack Innovations, a leading provider of sustainable packaging solutions, was honored with the prestigious International Sustainability and Carbon Certification (ISCC) award for its exemplary use of recycled materials in its product range. This recognition reaffirms EcoPack Innovations’ dedication to environmental stewardship and underscores its role as an industry trailblazer in sustainable packaging practices.
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Key Market Players
- Amcor Plc
- Sealed Air Corp
- Glenroy, Inc.
- Winpak Ltd.
- Mondi Plc
- Toray Plastics (America), Inc.
- Berry Global, Inc.
- Schur Flexibles GmbH
- Huhtamaki Oyj
- Jindal Poly Films Ltd.
- Uflex Ltd.
- Cosmo Films Ltd.
- Bischof & Klein SE & Co. KG
- Plastissimo Film Co., Ltd.
Segments Covered:
- Film Type
- Material Type
- Packaging Type
- End User
- Region
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