The report identified that the global high barrier packaging films market is driven by factors such as, growing demand for fresh meat packaging, growing demand for ready-to-eat meals and easy-to-handle and convenient packaging. The rising demand for convenience and packaged foods, especially in developing countries, is one of the primary factors driving the growth of this market globally. On the other hand, the restraining factors identified in the study include high cost of development and complexity in development procedure.
The increasing adoption of high barrier ethylene vinyl alcohol (EVOH) films and the rise in standard of living of working individuals across the globeare likely to stimulate market growth and provide opportunity for major players in the emerging and developing economies. Constant innovation and un-regularized markets in most countries are some of the challenges for the major players to expand further during the forecast period.The global High Barrier Packaging Films market will reach xxx Million USD in 2019 and CAGR xx% 2019-2024.
Global high barrier packaging films market has been segmented as material, product, technology, application and region. On the basis of Material (Polypropylene, Polyvinyl Chloride, Polyethylene, Ethylene Vinyl Alcohol, Low-Density Polyethylene And Linear Low-Density Polyethylene, Transparent high barrier films and Others), On the basis of Product (Pouches & Bags, Tray Lidding Film, Wrapping Film, and others), On the basis of Technology (Multi-Layer Film, Sustainable Barrier Coatings, Besela Barrier Film and Others), On the basis of Application (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, and Others)
Emerging economies in the APEJ region such as India & China, are expected to contribute the major market value share of the global high barrier packaging films market. China is expected to dominate the APEJ high barrier packaging films market owing to growing demand for extended shelf life packaging products during the forecast period. Furthermore, China high barrier packaging films market has witnessed rapid growth in the past couple of decades.
Key players considered in this report on the global high barrier packaging films market include Amcor Limited, Bemis Company, Inc, Uflex Ltd, Sealed Air Corporation, Glenroy, Inc, Celplast Metallized Products Ltd, Winpak Ltd., The Mondi Group plc., Toray Plastics (America), Inc., Berry Global Group Inc.:, LINPAC Packaging Limited, Schur Flexibles Holding GesmbH, Huhtamaki Oyj, Ampac Holdings LLC.:, Bischof & Klein GmbH & Co. KG, Plastissimo Film Co., Ltd., DUNMORE Corporation, Polyplex Corporation Limited, Shrinath Rotopack Pvt Ltd, and ACG Worldwide Private Limited.
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