Global Transparent Barrier Packaging Films Market Statistics, Size, Share, Challenges, Growth, Trends, Future Scope By Material (Polyvinylidene chloride (PVDC), Ethylene vinyl alcohol (EVOH), Polypropylene (PP), and others), By End-Users (Food, Healthcare, Consumer Goods and others), & by Region – Global Forecast to 2023
Transparent Barrier Packaging Films Market Overview
Transparent barrier packaging films are used in the packaging of food, healthcare, and consumer goods products. These packaging solutions increase the shelf life of products by protecting them from damaging elements such as moisture, gases, dust, etc., which can potentially degrade the quality of products.
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According to an eminent research firm, Market Research Future (MRFR) the global transparent barrier packaging films market would observe an immense growth by 2023, posting a CAGR of 5.45% throughout the review period (2017 – 2023).
Players leading the global transparent barrier packaging films market include
- Bemis Company, Inc. (US)
- Amcor Ltd. (Australia)
- 3M Company (US)
- AMPAC (US)
- Mitsubishi Plastic (Japan)
- Berry Global, Inc. (US)
- Toppan Printing Co., Ltd. (Japan)
- Innovia Films (UK)
- LINPAC Group (UK)
- Daibochi Plastic & Packaging Industry BHD (Malaysia), among others.
Scope of the Report
This study provides an overview of the global transparent barrier packaging films market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global transparent barrier packaging films market by its material, by end-users and regions.
- Polyvinylidene Chloride (PVDC)
- Ethylene Vinyl Alcohol (EVOH)
- Polypropylene (PP)
- Consumer Goods
- Asia Pacific
- North America
- Rest of World
Transparent Barrier Packaging Films Market – Regional Analysis
The Asia Pacific region leads the global transparent barrier packaging films market due to the surging demand for processed food and packaged food items. Due to the burgeoning food & beverages industry, the region is expected to retain its dominance throughout the forecast period. Additionally, the increasing purchasing power of consumers, especially the rapidly developing economies such as China and India, is driving the growth of the regional market.
Moreover, the growing e-commerce industry and international trade in the region is expected to augment the market demand. Furthermore, the presence of a largely untapped market would positively impact the growth in the regional market, providing considerable growth opportunities to the market players.
The transparent barrier packaging films market in the North American region takes the second lead on the global front. Stringent government regulations for the packaging of healthcare and edible items, alongside, the growing demand for quality packaging in consumer goods are driving the growth of the regional market. High disposable income is a key driving force pushing up the regional market, creating a significant demand for efficient packaging of food items.
Europe transparent barrier packaging films market is emerging as a promising market, globally. Factors driving the growth of the regional market include changing lifestyles and the increasing demand in eCommerce and online food delivery industry. Additionally, the augmenting demand for convenience packaging allows the transparent barrier packaging films market in the region to grow rapidly.
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Transparent Barrier Packaging Films Market– Competitive Landscape
Highly competitive, the transparent barrier packaging films market appears to be fragmented due to the presence of several large and small-scale players. Acquisition, partnership, technology launch, and expansion are some of the strategies that these players adapt to gain an edge over their competitors.
Manufacturers employ continuous improvement strategies and implement improvements to upgrade products using advanced technologies.
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