Report updated on 11th September, 2021: Global Barrier Films Market 2021 (Includes Business Impact of COVID-19)
Global Barrier Films Market Analysis, Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global barrier films market report has been segmented on material, type, end-use industry, and region.
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Global Barrier Films Market: Introduction
Barrier films are made of various materials such as PE, PP, etc., and are used in various industrial sectors such as food, pharmaceutical, forensics and electronics industry etc. Barrier films are used to protect food products from various external environmental factors such as dust, contamination, light, etc. for a long period time.
Global Barrier Films Market: Market Dynamics
Increasing demand for barrier films from food & beverage sector in order to increase product shelf life is a major factor driving growth of the global barrier films market. In addition, barrier films are used for packaging pharmaceuticals products, as it helps to prevent medicinal contamination of costly and life-saving products, which in turn is expected to increase demand for barrier films from the pharmaceuticals industry thereby fueling growth of the global barrier films market over the forecast period. Barrier films have comparatively superior barrier properties to protect against moisture and oxygen resulting in increasing demand from pharmaceuticals industry.
However, increasing environmental concerns for plastics which may hamper demand for barrier film and restrain growth of the target market over the forecast period.
Global Barrier Films Market: Segmental Analysis:
Among the end-use industry segments, the food & beverage segment is expected to account for major revenue contribution in the global barrier films market. The agricultural industry segment is expected to account for second-highest revenue share in the global market in terms of revenue contribution, owing to increasing adoption of the films in farming.
Among the material segments, the PE material segment is expected to account for major revenue contribution, owing to its excellent moisture barrier properties as compared to other material types, preferred used in development.
Global Barrier Films Market:
The market in Asia Pacific is expected to dominate the global barrier films market in terms of revenue. The dominance can be attributed to growing demand from Agriculture and pharmaceutical industries and presence of major manufacturers in economies in this region. Asia Pacific market is expected to register highest CAGR in terms of revenue over the forecast period, owing to increasing funds and investments in the food and beverage sector in countries in this region. Moreover, rapidly increasing medical tourism industry in various countries in this region is resulting in high demand for barrier films for manufacturing pharmaceutical products, which is expected to support growth of the market in Asia Pacific to a significant extent.
The markets in North America and Europe are expected to contribute significant revenue shares in the global barriers films market. North America is expected to register faster growth compared to Europe market, owing to increasing demand for barrier films from packaging and food & beverage industries operating in countries in this region. Europe market is expected to follow North America market in terms of growth rate in the global barrier films market. The markets in Latin America and Middle East & Africa are expected to witness moderate growth.
Global Barrier Films Market Segmentation:
Segmentation by Material:
Segmentation by Type:
- Organic Coating Films
- Inorganic Oxide Coating Films
- Metallized Films
Segmentation by End-use Industry:
- Food & Beverage
Key Market Players included in the report:
- Accredo Packaging Inc.
- Amcor Plc (Australia)
- Atlantis Pak Co. Ltd.
- Berry Global Inc. (US)
- Clondalkin Group
- Cosmo Films Ltd. (India)
- Dai Nippon Printing
- Dupont Teijin Films (US)
- Fraunhofer POLO
- Glenroy Inc.
- JBF RAK
- Jindal Poly Films Ltd. (India)
- Konica Minolta
- Mitsubishi PLASTICS
- Mitsui Chemicals Tohcello
- Plastissimo Film Co.Ltd.
- Raven Industries (US)
- Schur Flexibles Group
- Sealed Air (US)
- Sumitomo Chemical Co.Ltd. (Japan)
- Taghleef Industries
- Toppan Prnting Co.Ltd. (Japan)
- Toray Advanced Film
- Uflex Ltd. (India)
- Ultimet Films Limited
- VF Verpackungen GmbH
Below are the key development related to Barrier Films Market in 2020 and 2021.
July 2021: ProAmpac Acquires Euroflex to Strengthen Printed Film, Lamination and Pouching Capabilities in Ireland. Acquisition Adds Portfolio of Market-Leading Protein Packaging Products and Expands Blue-Chip Customer Base in Europe. ProAmpac, a leader in flexible packaging and material science, announced that it has acquired Euroflex, a family-owned business based in Ireland that produces a broad portfolio of flexible printed film, lamination and pouching packaging solutions. Terms of the transaction were not disclosed. Euroflex is a leading supplier of protein packaging products to meat, cheese and dairy industries in Ireland, one of Europe’s largest producers. The company also serves fast-growing segments including coffee, pet food and nutrition supplements. Euroflex brings extensive expertise in high-barrier flexible packaging and a track record of R&D innovations for resealable and retortable packaging. This acquisition expands ProAmpac’s manufacturing capabilities for printed film, lamination and pouching solutions in Ireland as the company serves a growing base of multinational customers. Source
July 2021: Toppan Acquires InterFlex Group. InterFlex is a global flexible packaging converter with bases in the US and the UK. Toppan has acquired the InterFlex Group, a global flexible packaging converter with bases in the US and the UK. Interflex offers printed shrink films, stand-up pouches, pre-formed bags, wax coated papers, surface print and laminate roll stocks, and barrier and non-barrier film laminations to numerous consumer goods markets in the from their five production facilities in the US and UK. With the acquisition of InterFlex, Toppan will establish a flexible packaging production network in the North American and European markets and drive growth of sustainable packaging products and integrated solutions in the regions. Source
June 2021: Schur Flexibles acquires Italian film manufacturer Termoplast. Schur Flexibles Group has acquired film producer Termoplast in a move to accelerate its expansion in the Italian market. Based in Tuscany, Italy, Termoplast is a manufacturer of films for industrial, food, medical and pharmaceutical applications, and specialises in recyclable products. The company’s portfolio includes sealable, barrier and high-barrier films, as well as peelable and reclosable offerings. With a manufacturing facility in Gambassi Terme, Florence, the family business reported annual revenue of approximately €50 million in 2020. The company is said to pursue a holistic resource efficiency approach. All waste from Termoplast’s production operations is recycled, while plastic waste from the region is also prepared for further processing by Termoplast’s own recycling company. Source
May 2021: Flexible packaging player ProAmpac has acquired Euroflex, a family-owned flexible packaging material and solutions provider based in Ireland. Financial terms of the acquisition were not disclosed. Euroflex specializes in flexible printed films, lamination and pouch packaging solutions for the meat, cheese and dairy industries, as well as for the pet food, coffee and nutrition supplement markets. The company’s high-barrier flexible packaging expertise is expected to expand ProAmpac’s international packaging manufacturing capabilities. Source
March 2021: Scholle IPN Acquires Flexible Packaging Equipment Company, Bossar. Scholle IPN, a leading global supplier of flexible packaging solutions, announced that they have completed the purchase of Bossar, a global supplier of flexible horizontal form-fill-seal packaging equipment. The new business combination will leverage the combined capabilities of both businesses to provide one stop shopping for vertically integrated, sustainable solutions for the global flexible packaging market. Source
January 2021: Sudpack acquires LPF Flexible Packaging. Headquartered in Grootegast, the Netherlands, LPF manufactures high-barrier films for sensitive products. Germany-based flexible packaging supplier Sudpack is acquiring LPF Flexible Packaging B.V. from the Clondalkin Group. Source