High Barrier Films Market for Food Packaging by Material Type (PE, BOPP & BOPET, CPP, EVOH, Nylon), Technology, Application (Meat and Fish, Dairy, Snacks, Confectionery, Bakery Products, Pet Food), End User, and Geography - Global Forecast to 2028

London, July 27, 2021 (GLOBE NEWSWIRE) -- According to a new market research report titled “High Barrier Films Market for Food Packaging by Material Type (PE, BOPP & BOPET, CPP, EVOH, Nylon), Technology, Application (Meat and Fish, Dairy, Snacks, Confectionery, Bakery Products, Pet Food), End User, and Geography - Global Forecast to 2028”, the high barrier films market for food packaging is expected to reach $30.8 billion by 2028, at a CAGR of 5.9% from 2021.

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The growth of this market is mainly attributed to the inclination towards case-ready packaging products, rising need for high barrier packaging films for longer shelf-life, growing consumer concerns for food wastage reduction, and growing demand from the meat industry. Moreover, the growing demand for biodegradable high barrier packaging films is expected to create lucrative opportunities for high barrier film manufacturers in this market. However, susceptibility to degradation is expected to hinder the growth of this market to some extent.

Sales of processed, canned, and frozen foods are rising as many consumers move away from fresh foods. Usually, the increasingly busy lifestyle of consumers and the consequent demand for convenient food packaging is driving the demand for barrier films. These high barrier films help to increase the product life and reduce the usage of preservatives. Barrier films also act as a printing substrate, which further provides aesthetic appeal to the product. As consumers become more aware of the impact their behavior has on the environment, they are increasingly interested in concrete ways to reduce their footprint. Now more than ever, consumers seek to purchase products that reflect their values and are sourced, produced, and packaged as sustainably as possible. Shelf life longevity is the key factor consumers are considering in recent years.

COVID-19 has also escalated the demand for longer shelf-life products. UAE-headquartered fast-moving consumer goods (FMCG) firm Truebell has seen demand for long shelf-life products go up three folds due to the pandemic. According to Truebell, the company has seen an increase in the popularity of long-shelf-life food products and baking ingredients, increased consumption of home-cooked meals, more residents shopping locally, and rising interest in online food tutorials. In March 2020, Truebell witnessed a 300% increase in the demand for long shelf-life products. Consumers concerned about sustainable consumption welcome opportunities to purchase foods that offer a longer shelf life, and retailers are well-positioned to play a role in offering more sustainable solutions.

Nowadays, the food & beverage industry is transferring from traditional packaging formats to lightweight and easy-to-transport packaging. Barrier films help cater to this demand as they are lightweight compared to rigid packaging and eliminate the use of glass and cans, which increase the weight of the packaging. In addition, the barrier film works to efficiently block oxygen transmission and water vapor from contacting sensitive foods. All these factors are expected to drive the growth of the high barrier films market for food packaging across the globe.

Impact of COVID-19 on the High Barrier Films Market for Food Packaging

The COVID-19 pandemic has disrupted all sectors, including the packaging industry. It has a negative impact on the packaging barrier films market, as the supply chain is disrupted and production has taken a hit with less workforce. Usually, stay-at-home directives in many countries have resulted in no production and have restrained demand for packaging as the sale of consumer goods has dipped. In addition, the fluctuating economic conditions and exchange rates also are affecting the cost of raw materials. Thus, the high impact of coronavirus on the food and beverage industry and food packaging industry somehow limits demand for high barrier films.

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However, with many people buying groceries online amidst the pandemic, new habits could also form, with COVID-19 accelerating the take-up of food e-commerce. As a result, E-commerce is expected to continue expanding share over traditional retail channels. This results in rising demand for smart packaging, including high barrier films, and further accelerated by the COVID-19 pandemic. For instance, Carlsberg Brewery Malaysia is focusing on digital marketing and E-commerce to recover from huge revenue, and profit drops during the COVID-19 pandemic outbreak. In 2021, the demand for packaging barrier films is expected to gain momentum as the demand for frozen food and other food items with a longer shelf life is expected. In addition, the growing demand for food safety will drive a significant chunk of sales of packaging barrier films in 2021.

Key Findings in the High Barrier Films Market for Food Packaging Study

The overall high barrier films market for food packaging is segmented on the basis of material type (PE, BOPP and BOPET, CPP, EVOH, nylon, and other materials), technology (plasma-enhanced chemical vapor deposition (PECVD) and other technologies), application (meat and fish, dairy, snacks, beverages, dehydrated foods & cereals, bakery products, confectionery, pet food, and other food products), and end user (processed food manufacturers and suppliers, packaging service providers, and other end users). The study also evaluates industry competitors and analyzes the market at a regional and country level.

Based on material type, the polyethylene (PE) segment is expected to account for the largest share of the overall high barrier films market for food packaging in 2021, owing to the growing concerns about the rising use of bioplastic materials, rising need to replace glass and metal with polyethylene films, and increased demand for hygienic and durable food packaging materials combined with consumer environmental concerns.

Based on technology, the PECVD segment is expected to grow at the fastest CAGR during the forecast period due to factors such as low operation temperature, lower chances of cracking deposited layer, good dielectric properties of the deposited layer, decent step coverage, less temperature-dependency, and rising demand for packaged foods.

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Based on application, the meat and fish segment is expected to account for the largest share of the overall high barrier films market for food packaging in 2021. The large share and fastest growth of this segment is mainly attributed to the higher incomes and urbanization, rising consumption of processed meat products, rising global consumption of fish, and increasing consumer preference for protein-rich food products.

Based on the end user, the processed food manufacturers and suppliers segment is expected to account for the largest share of the overall high barrier film market for food packaging in 2021, owing to the growing demand for processed food products and the increasing number of food processing units.

Geographically, Asia-Pacific region is estimated to account for the largest share of the global high barrier films market for food packaging in 2021, followed by North America and Europe. The large share of this region is mainly attributed to the growing demand for processed food products; strong growth in the food & beverage industry due to increasing urbanization, rising health awareness, and rising disposable income levels; development of the cold chain systems; government support for food processing sector; and growing demand for pet food.

Key Players

Some of the prominent players operating in the global high barrier films market for food packaging are Amcor plc (Switzerland), Mondi plc (U.K.), Huhtamaki Group (Finland), Sealed Air Corporation (U.S.), Jindal Poly Films Limited (India), Toppan Printing Co., Ltd. (Japan), Kureha Corporation (Japan), HPM Global, Inc. (South Korea), Flair Flexible Packaging Corporation (U.S.), Constantia Flexibles Group GmbH (Austria), MULTIVAC (Germany), DuPont Teijin Films (U.S.), Wihuri Group (Finland), BERNHARDT Packaging & Process (France), Borealis AG (Austria), and Uflex Limited (India) among others.

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Scope of the Report:

High Barrier Films Market for Food Packaging, by Material Type

• PE
• BOPP and BOPET
• CPP
• EVOH
• Nylon
• Other Material Types

High Barrier Films Market for Food Packaging, by Technology

• Plasma Enhanced Chemical Vapor Deposition (PECVD)
• Other Technologies

High Barrier Films Market for Food Packaging, by Application

• Meat and Fish
• Dairy
• Snacks
• Beverages
• Dehydrated Foods & Cereals
• Bakery Products
• Confectionery
• Pet food
• Other Food Products

High Barrier Films Market for Food Packaging, by End User

• Processed Food Manufacturers and Suppliers
• Packaging Service Providers
• Other End Users

High Barrier Films Market for Food Packaging, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific (RoAPAC)
• Latin America
• Middle East and Africa

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