Transparent Barrier Packaging Films Market Research Report- Forecast till 2023
Market Highlights
The transparent barrier packaging films market 2020 is anticipated to gain a quick mileage. These packaging solutions are gaining popularity owing to its durability and performance excellence. In the near future, the market is anticipated to earn high revenues. A report offered by Market Research Future MRFR suggests that the global transparent barrier packaging market size is supposed to mark 5.45% CAGR over the evaluation period.
This packaging is very famous in the food & beverage industry. Growth of this industry is presumed to augment the transparent barrier packaging films market over the assessment period. Due to changes in lifestyle, the demand for packaged and frozen food is skyrocketing. This is presumed to catalyze the expansion of the transparent barrier packaging films market in the foreseeable future. In addition, rising urban population and increasing per capita income are also expected to provide impetus to market growth. These packaging helps in maintaining the integrity of the food products while also increasing their lifespan. It contained lesser preservatives in comparison to canned food products. Rising awareness about these benefits is poised to expand the transparent barrier packaging films market in the coming years. Also, the growing population of health conscious consumers is projected accelerate revenue growth in the global market across the forecast period.
The product is used in the consumer electronics industry to increase shelf life of products. It saves the products from being prone to environmental factors and UV. The growth of the industry is presumed to uncover new growth avenues for the transparent barrier packaging films market share holders. Also, these packaging is famous as it can be molded into shapes and sizes. Its usability is larger than other packaging solutions which are projected to drive the growth of the market.
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Segmentation:
On the basis of material, the transparent barrier packaging films market has been segmented into polyvinylidene chloride (PVDC), polypropylene (PP), ethylene vinyl alcohol (EVOH), and others.
On the basis of end user, the transparent barrier packaging films market has been segmented into healthcare, food, consumer goods, and others. Among these, the food segment had the largest market share on 2016. Changing lifestyle, especially on urban areas, have led to a rise in the demand for packaged food. It is presumed to fuel expansion of the segment in the upcoming years. In addition, rising awareness about the benefits of this type of packaging over canned food is also anticipated to propel segment augmentation over the next few years.
Regional Analysis
The geographical evaluation of the global transparent barrier packaging films market has been offered in this study. It presents an assessment of the market based on the following regional segments – North America, Asia-Pacific, Europe and the Rest of the World. Each segment is sub-segmented and assessed on the basis of key country-level market present in the region to offer an impactful insight. Asia Pacific is prognosticated to exhibit rapid growth and is poised to dominate the market. It is due to the expansion of the food & beverage industry that the transparent barrier packaging films market in APAC is poised to expand rapidly. China and India are major markets and are likely to earn fever revenues.
Competitive Dashboard
Amcor Ltd. (Australia), 3M Company (U.S.), Bemis Company, Inc. (U.S.), Mitsubishi Plastic (Japan), Berry Global, Inc. (U.S.), AMPAC (U.S.),Innovia Films (U.K.), Daibochi Plastic & Packaging Industry Bhd (Malaysia), Toppan Printing Co., Ltd. (Japan),and LINPAC Group (U.K.) are few of the important holders of the global transparent barrier packaging films market share. These players are expected to analyze the ongoing trends and innovate product lines in the upcoming years. It is supposed to drive the growth of the market by intensifying competition and acceleration revenue generation. Some of the growth tactics to be sued by these players are mergers and acquisitions, collaborations, agreements, partnerships, etc. Reliability and durability are emphasized upon by Market players for sustaining the highly intense growth curve.
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Global Transparent Barrier Packaging Films Market By Material (Polyvinylidene chloride (PVDC), Ethylene vinyl alcohol (EVOH), Polypropylene (PP), and others), By End-Users (Food, Healthcare, Consumer Goods and others), & by Region – Global Forecast to 2023
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