High Barrier Packaging Films Market by Product (Bags & pouches, Stand-up pouches, Tray lidding film, Forming webs, Wrapping film, Blister pack base webs) by Technology (Polymer nanocomposites, Multilayer packaging film recycling, ORMOCERS, Sustainable coatings for high-barrier packaging film, Melamine based high-barrier film, Besela high-barrier film, Others) by Material, by Application - Growth, Future Prospects And Competitive Analysis, 2016 - 2028

High Barrier Packaging Films are laminating sheets made of different polymers used in the flexible packaging industry. High Barrier Packaging Films prevent food products from water, oil, gas, vapor, oxygen, light, etc. It also helps in retaining the properties of food products intact. High Barrier Packaging Films can be produced from different materials according to the requirement of various applications.

The global High Barrier Packaging Films market is expected to witness a CAGR of 5.75% during the forecast period. The revenue generated by the global High Barrier Packaging Films market in 2021 was over USD 10,472.43 million and is expected to generate revenue worth USD 15,741.76 million in 2028. Therefore, the incremental growth opportunity offered by the global High Barrier Packaging Films is estimated to be USD 94.88 billion between 2022 and 2028.

Interesting Facts about High Barrier Packaging Films Industry

• High Barrier Packaging Films cost around USD 5 per kg
• High Barrier Packaging Films prevent food products from permeation by oil, water, gas, and light
• China dominates the production of High Barrier Packaging Films
• Europe is the second leading consumer of High Barrier Packaging Films
• Japan, South Korea, the U.S., and India are the most promising markets for High Barrier Packaging Films
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Robust Growth of Food Packaging

Food and beverage, Pharmaceutical and medical, Personal care and cosmetics, and Others are major application industries for High Barrier Packaging Films. Food packaging is the leading application market with over two-thirds share in total revenue generation of High Barrier Packaging Films in 2021. Over the past few years, it has been observed that consumer preference has shifted towards packaged or processed food products which in turn triggered the demand for flexible food packaging. As a result, high Barrier Packaging Films are growing in demand in the food packaging industry worldwide. The global food packaging market has crossed a valuation of USD 300 billion in 2021. This signifies the growth potential of High Barrier Packaging Films in food packaging. 

Bags & Pouches to Rule the Demand

Bags & pouches, Stand-up pouches, Tray lidding film, forming webs, wrapping film, and Blister pack base webs are major product types of High Barrier Packaging Films. All these products are a significant part of flexible packaging. Flexible packaging is made up of various polymer materials which are tough and durable and facilitate convenience in distribution and transportation. Hence, demand for High Barrier Packaging Films is increasing at a rapid pace.

Excellent Barrier Properties of Polymers

LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH are significant polymers used in the manufacturing of High Barrier Packaging Films. Linear low-density polyethylene is the leading material used in manufacturing High Barrier Packaging Films. It held over 20% share in total High Barrier Packaging Films consumed in 2021. The aforementioned materials exhibit excellent barrier properties against oil, gas, moisture, oxygen, etc. This, in turn, improves and extends the shelf life of food & beverages. Polyethylene is the most widely used material for manufacturing High Barrier Packaging Films as it is cost-effective compared to other materials and is available in abundance. Three types of polyethylene, including LLDPE, LDPE, and HDPE, collectively held over 60% share in 2021.

Environmental & Waste Disposal Concerns

Polyethylene (PE) is the most widely used polymer in the manufacture of plastic films & sheets. PE is non-degradable and adversely impacts the environment. PE products fill about 20%-40% of U.S. landfills. The raw material used in producing films is derived from crude oil and releases a high volume of toxic gases into the environment during production and use.

Sustainable Coatings for High-Barrier Packaging Film Held the Largest Share

Polymer nanocomposites, Multilayer packaging film recycling, ORMOCERS, Sustainable coatings for high-barrier packaging film, Melamine based high-barrier film, Besela high-barrier film, and Others are significant technologies used in High Barrier Packaging Films. Sustainable coatings for high-barrier packaging film are dominating the technology segment with the highest share in total revenue generation of the High Barrier Packaging Films industry and held over 25% share in 2021.

Huge Potential to Grow in Developing Markets

A huge untapped market for high barrier packaging films in emerging economies is expected to provide a growth window for manufacturers. The global average per capita consumption of high barrier packaging films is around one kilogram. However, except for Japan and China, most of the emerging economies in the Asia Pacific have very low per capita consumption rates of high barrier packaging films. For example, while the U.S. held over 80% share in North America, UK, Germany, and France had over 50% in Europe in 2021.

Leading players in global High Barrier Packaging Films include Amcor Limited, Bemis Company, Inc., Taghleef Industries, Jindal Poly Films, American Pouch, Sealed Air, Ampac Oliver-Tolas, Krehalon, and HPM Global, Inc. Prominent players are focused on market share consolidation through acquisition and expansion. As a result, the market is highly fragmented, with the top five players holding just 23% share in 2021.