Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Global Barrier Films Market by Materials (Polyethylene (PE), Polypropylene (PP), Polyester (PET), Polyamide, Organic Coatings, Inorganic Oxide Coatings), Packaging Type (Pouches, Bags, Blister Packs), End-use, Type and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
With an estimated market size of USD 34.1 billion in 2023, the barrier films sector has become an integral component in various applications, particularly in the packaging industry. The report anticipates a significant growth trend, projecting the market to reach USD 45.1 billion by 2028, at a CAGR of 5.7%. A key highlight of the report is the substantial growth potential in the Asia Pacific region, forecasted to register the highest CAGR due to the burgeoning food & beverage industry in emerging economies like China and India. Plastic For Packaging
Polyethylene (PE), dominating the market due to its cost-effectiveness and superior flexibility, is one of the seven analyzed barrier film materials, which also include Polypropylene (PP), Polyester (PET), polyamide, organic coatings, and inorganic oxide coatings. The report reveals that the transparent barrier films type is anticipated to exhibit one of the highest growth rates during the forecast period, highlighting increased transparency and sustainability demands among consumers. In the food and beverage packaging segment, barrier films have been identified as pivotal for their longstanding merits in product protection and shelf life extension, confirming the segment's largest market share. Furthermore, the adoption of pouches made from barrier films is underscored as having the largest share in 2022. They are favored for their customization capabilities, protective features, and enhanced brand presentation, reinforcing the importance of barrier film pouches in product merchandising. Key benefits of reading this report feature insights into the competitive market landscape, strategic positioning of key market players, and identification of industry-leading practices contributing to market growth. The report encapsulates comprehensive data covering various market aspects, including material types, end-use industries, and technological advancements in packaging types, such as pouches and bags. The meticulous research involved in the report's development has included in-depth interviews with high-ranking officials across top-tier organizations, enriching the analysis with expertise from industry leaders. Market growth strategies, product advancements, and regional dominance are among the focused areas, aiming to deliver strategic market intelligence to stakeholders and industry participants. Overall, the robust insights offered in this report equip interested parties with invaluable market knowledge to navigate the constantly evolving landscapes of the barrier films sector, with a spotlight on the innovative use of materials and breakthroughs in packaging solutions that contribute to the market's expansion. Key Attributes:
Estimated Market Value (USD) in 2023
Forecasted Market Value (USD) by 2028
Daibochi Plastic and Packaging Industry Bhd.
Polivouga - Plastics Industry SA
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