Future Market Insights
The demand within the global clear barrier films market is rising on account of advancements in the field of food packaging. The applications of clear barrier films is not restricted to a single end-user, and a range of industries and segments utilize these films. The past decade has witnessed an increase in the total volume of clear barrier films manufactured across the world. This owes to the popularization of benefits served by clear barrier films, and the increased paying capacity of key industries. Clear barriers films have attracted high demand across the pharmaceutical industry for creating translucent packaging sockets. The total revenues within the global clear barrier films market are expected to increase by a substantial margin over the next few years.
Clear barriers films are expected to replace other forms of packaging films in the food industry. This is due to the superiority of clear barrier films in preventing the entry of moisture and oxidants.
The apparel sector has also emerged as a key consumer of clear barrier films in recent times. Trendy pieces of clothing need to be displayed across big fashion houses and retail stores. Growing demand for clear barrier films for enwrapping these pieces has played a vital role in market growth.
On the basis of geography, the global clear barrier films market is segmented into North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. The clear barrier films market in Europe is expanding due to advancements in the food packaging industry.
Global Clear Barrier Films – Market Overview:
The packaging industry is growing across the globe due to increasing demand of packed goods and products. The clear barrier film is an essential part of the packaging industry. It gains significant attention in the packaging industry due to the nature of transparency and usability. It is a primary packaging which can be used for multiple industries such as food & beverages, electronic, healthcare, textile, etc. Clear barrier films prevent permeation of gases including water vapour and oxygen. It also prevents diffusion of germs, changing and degrading the quality of the product. The inert property of these plastic films and their ability to preserve products for a longer period make them a preferable choice in the packaging industry. Due to the nature of transparency, it is used by the industry for the primary packaging of the product. It is used as a secondary packaging for providing the simplicity in shipping or transportation. The transparency is important especially in the food packaging industry, where the consumer prefers a visual impression of the product. Plastic resins such as the Polylactic acid (PLA), Polyvinyl Chloride (PVC), Biaxially Oriented Polypropylene (BOPP), and Polyethylene (PE) are the primary raw materials used for the manufacturing of the clear barrier films.
Global Clear Barrier Films - Market Dynamics:
One of the significant factors contributing towards the growth of clear barrier films market in the upcoming years is the growing demand for packed food in developing country. In addition, increasing per capita income and change in food habits with busy life style has led to the rising in demand for packed food. Moreover, the clear barrier film made from plastic is the most efficient material for packaging rather than its alternatives such as metal, wood, and glass. All these factors are the key reasons which are leading to the popularity of clear barrier films for food packaging. The market for clear barrier films is restricted by the use of films made from plastic having problems related to degradation.
Global Clear Barrier Films - Market Segmentation:
The clear barrier films market can be segmented by raw material type, and by end use.
On the basis of raw material type, clear barrier films are segmented into –
On the basis of end use, clear barrier films are segmented into –
Global Clear Barrier Films Market - Regional outlook:
Global clear barrier films market has been segmented from the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these regions, Europe is expected to dominate the market throughout the forecast period. North America is expected to be the biggest subscriber of the clear barrier films because of the growing standard of living and increasing of disposable incomes. The sustainable expansion of the food processing and pharmaceuticals industry in the MEA, Eastern Europe, and Latin America is expected to increase demand for clear barrier films in these regions. As an alternative, many food & beverage manufacturing companies in Asia Pacific are exploring innovative options for packaging by using clear barrier films, its positive impact is shown on the sales of clear barrier films market. Latin America and Middle East & Africa are expected to witness sluggish growth for clear barrier films market.
Global Clear Barrier Films Market - Key players:
Few of the players in the global clear barrier films market are Mitsubishi Corporation Plastics Ltd., Amcor Limited, Toray Industries, Inc., Flex films Inc., Toppan Printing Co. Ltd, OIKE & Co. Ltd., Integrated Packaging Films (IPF) Inc., Cosmo Films Ltd, Dunmore Corp, Mil-Spec Packaging Of Ga. Inc., Paragon Films, Inc., Advanced Poly-Packaging, Inc., Tee Group Films, Inc., etc.
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