Global High Barrier Packaging Films Market Report and Forecast 2024-2032

Global High Barrier Packaging Films Market Outlook

The global high barrier packaging films market size reached approximately USD 22.29 billion in 2023. The market is projected to grow at a CAGR of 5.10% between 2024 and 2032, reaching a value of nearly USD 34.88 billion by 2032.

Key Trends in the Market

High-barrier packaging films are impervious packaging solutions that consist of single or multiple layers of flexible films. The packaging solution provides an exceptional level of protection against external factors such as moisture, oxygen, light, and other gases. It is primarily utilised in sectors such as food and beverage, pharmaceuticals, electronics, and chemicals.

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• The increasing demand for multi-layered packaging is one of the primary high barrier packaging films market drivers. Multi-layered packaging forms a barrier between the product and oxygen, moisture, and other gases, which aids in maintaining its integrity inside the packaging.

• Sustainability is increasingly gaining attention across various sectors, including packaging. Hence, new and established players in the market are focusing on the development of eco-friendly packaging solutions with materials such as bio-based polymers and recyclable plastics.

• The food and beverage sector is one of the primary consumers of high barrier packaging films. High-barrier films enable food and beverage manufacturers to maintain product freshness, prevent spoilage, and extend shelf life. Moreover, the rising demand for packaged foods, caused by factors such as urbanisation, the hectic city lifestyle, changing dietary habits, and the rise of e-commerce, has bolstered the high barrier packaging films market demand.

• Continuous advancements in material science and film manufacturing technologies have contributed to the development of high-performance barrier films with superior barrier properties. Additionally, innovations such as nanotechnology and active packaging systems are anticipated to further enhance the barrier capabilities of packaging films.

Market Analysis

Based on product type, the market is segmented into bags, pouches, liners, blister packs, and wraps, among others. On the basis of material type, the market can be divided into polyethylene (PE), polyethylene terephthalate, and polyvinylidene chloride, among others.

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The market, on the basis of end-use, is categorised into chemicals, pharmaceuticals, and food and beverages, among others. The major regional markets for high barrier packaging films include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global high barrier packaging films market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Huhtamäki Oyj

• Winpak LTD.

• Mondi Plc

• Atlantis Pal Co. Ltd

• Glenroy, Inc.

• UFlex Limited

• Bischof+Klein SE & Co. KG

• ProAmpac Holdings Inc.

• Ochre Media Pvt Ltd.,

• Oliver-Tolas Healthcare Packaging B.V

• SCG Chemicals Public Company Limited

• Others

Market Share by Material

Polyethylene (PE) is the most commonly used material and is anticipated to hold a major share of the high barrier packaging films market in the forecast period. PE can be used as a standalone product or can be combined with other materials. It has excellent moisture barrier properties, due to which it effectively blocks the passage of water vapour and provides a secure seal that safeguards vulnerable products from potential contaminants and harmful elements.

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Market Share by End-Use

In the high barrier packaging films market, the food and beverage sector is likely to witness a healthy growth owing to the rising demand for processed and packaged foods. The increasing consumption of beverages is also anticipated to augment the demand for plastics. Furthermore, companies in the food and beverage sector are increasingly adopting innovative packaging solutions to attract customers.

Competitive Landscape

Huhtamäki Oyj is a Finland-based consumer packaging solution company. It has established itself as a major player in the sector by providing sustainable packaging solutions such as food packaging, disposable containers, and egg cartons, among many others. The company handles its operations from its headquarters located in Espoo, Finland.

Winpak LTD. is a leading company in the packaging and container manufacturing sector, and it is the North American division of Wihuri Packaging Oy. The company was established in the year 1977 and its headquarter is currently located in Winnipeg, Canada. It specialises in the production and distribution of top-notch packaging materials and cutting-edge packaging machines.

Mondi Plc is one of the largest global leaders in the field of sustainable packaging solutions. The company is currently headquartered in Weybridge, United Kingdom, and has been active since 1967. The company is focused on manufacturing and providing sustainable industrial and consumer packaging solutions such as sack and speciality craft paper, industrial bags, barrier coatings, professional printing, and containerboard.

Other market players include Atlantis Pal Co. Ltd, Glenroy, Inc., UFlex Limited, Bischof+Klein SE & Co. KG, ProAmpac Holdings Inc., Ochre Media Pvt Ltd., Oliver-Tolas Healthcare Packaging B.V, and SCG Chemicals Public Company Limited, among others.

Key Highlights of the Report