TRANSPARENT BARRIER PACKAGING FILMS MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global Transparent Barrier Packaging Films market size was USD 20690 million in 2022 and will reach USD 29560 million by 2028 with a CAGR of 6.1% during the review period.
The transparent barrier packaging film is a type of packaging material that is transparent & smooth textured film used in various packaging & shielding purposes against detrimental elements such as pollutants, moisture, UV radiations, barrier against external elements while keeping the visual appeal of the products intact. The transparent barrier packaging films have several use cases across different industries including food and beverage, healthcare, electronics & more,& transparent films are primarily taken into use to extend the shelf life of products, prevent contamination, maintain product quality & enhance overall product integrity. The transparent barrier packaging films are versatile and adaptable to different packaging formats, including pouches, wraps, and labels, along with easy to use & dispose options, The growth of global transparent barrier packaging films market can majorly be attributed to increased consumption of processed food items & ready to eat food products, packaging & furniture sectors
The growth prospects for transparent barrier packaging films are really high due to various benefits along with advance material & multilayer polymer structure that enhance the overall performance that encourages the consumers as go to option multipurpose use including pharmaceutical for temporary packaging of medical equipment, electronics such as protection from wear & tear, prevention from deterioration of sensitive display & glass components & where maintaining visual appeal & product visibility is essential, ,another reason includes increased urban population & their rising demands for packaged food such as online deliveries of vegetable & fruits through quick commerce, that encouraged the growth of transparent barrier packaging films market size.
COVID-19 Impact: Market Growth is boosted by Pandemic Due To Increasing Demands
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The food & medical sectors witnessed an unprecedented demand for transparent barrier packaging films, post COVID-19 pandemic, owing to rising health concerns, focus on contactless deliveries with increased awareness of hygiene and safety protocols, there is a shift in consumer preferences towards packaged goods. Regulatory changes & guidelines related to packaging and labeling were implemented, impacted by the compliance requirements for transparent barrier packaging films, the companies are also underscored the environmental impacts of transparent barrier packaging film & as a result of awareness towards environmental sustainability there is a growing demand for transparent barrier packaging films that are not only functional but also eco-friendly.
LATEST TRENDS
"Evolving Consumers Preferences to drive the market growth"
The current trends in the transparent barrier packaging film market reflect a dynamic landscape, driven by technological advancements, sustainability considerations, and evolving consumer preferences, with rapid adoption of transparent barrier packaging film, the regulatory compliances regarding the sustainable & eco-friendly aspect has also come into picture, has pushed the market player to invest heavily on R&D for an environmental friendly & easily disposable category of transparent barrier packaging film, with added attributes like antimicrobial properties, superior barrier properties, enhanced functionalities by incorporating strengths aiding compounds. The mover & packers sectors are also adopting Integration of smart packaging technologies, such as QR codes and RFID tags, into transparent barrier film along with enabled real-time tracking, traceability, and provide consumers with access to additional product information.
TRANSPARENT BARRIER PACKAGING FILMS MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
By Type
Based on type the global market can be categorized into Biaxially Oriented Polypropylene (BOPP), Polyvinyl Chloride (PVC), Polylactic Acid (PLA), Polyethylene (PE).
- Biaxially Oriented Polypropylene (BOPP): This is known for its high transparency, good tensile strength giving it good strength & resistance to tearing makes it suitable for heavy goods packaging in industries.
- Polyvinyl Chloride (PVC): This is the most versatile & excellent transparent film with high visibility & flexibility with enhanced protection against wear & tear making it suitable for products that demand good visual appeal such as packaging of consumer goods & pharmaceuticals.
- Polylactic Acid (PLA): PLA is an advanced innovation in transparent packaging films market , derived from renewable resources such as corn starch, making it biodegradable and environmentally friendly & for this reason it is being widely used for food packaging.
- Polyethylene (PE): PE Films gives a versatile option with high flexibility, allowing for easy packaging of various shapes and sizes, they can be used even after multiple recycling making it a cost effective option.
By Application
Based on type the global market can be categorized into Foods, Healthcare, Consumer Goods, Electronic Goods, and Household Products.
- Foods: Food sectors use transparent films for various purposes like packaging for cold storage food items, ready to eat foods, to increase the shelf life of the product, for protection against germs & to retain the standard & safe food quality thought out.
- Healthcare: Healthcare sector uses transparent films for packaging of their medicines to provide an effective barrier against contaminants such as moisture, gasses, and bacteria, disposing off other hazardous waste.
- Consumer Goods: The consumer goods have multiple usability of transparent films ranging from, packaging of furniture, protection of delicate products against damage for extended shelf life.
- Electronic Goods: The transparent film is used not only to provide better safety for delicate products but also prevents damages during storage & transportation of the electronics items.
- Household Products: The household uses transparent film commonly for packaging of their furniture for protection against moisture or dirt, some of the transparent films now come to add aesthetics in the interiors of the houses as well.
DRIVING FACTORS
"Trend towards Sustainable Packaging Solutions to Drive the Market Growth"
The market player are heading towards providing a sustainable & eco-friendly transparent barrier packaging film solutions to reduce the environmental impacts & carbon footprint, as an alternative for conventionally available transparent barrier films, these trends are encouraging the uptake of higher quality barrier plastic packaging film, such as antimicrobial properties, better durability, multi-use films including a wider use of packaging based on sustainable resources that can be easily disposed of, the large chain supermarket & hypermarkets are on high demand for packaging film for food & beverage packaging, delivering fresh fruits & vegetable through quick commerce, all such demands are now creating emphasis on biodegradable & renewable alternative to cater the consumption capacity in the market.
"Increasing Adoption of Packaged Food and Beverage Application to Propel the Market Growth"
The food and beverage industry represents a key driver for the transparent barrier packaging films market, fueled by the growing demand for convenient, safe, and visually appealing packaging solutions, for longer shelf life and maintaining the taste, aroma, freshness and texture of the edible products, as transparent barrier packaging films effectively provided protection against moisture, oxygen, microbial growth and other contamination, while maintaining the visual appeal of the product. The ability of transparent barrier packaging films to enhance product protection and shelf life aligns with industry trends towards convenience, sustainability, and premiumization, driving their adoption across various end-use sectors, such as urban working professionals, healthcare sector, cloud kitchens and hotel chains.
RESTRAINING FACTORS
"Alternative Packaging Solution to Block The Market Growth"
Apart from transparent barrier packaging films, there are some other alternative packaging solutions, such as opaque or metallized films, that may offer comparable barrier properties at a lower cost & recyclable properties such as aluminum foils. Industries that prioritize UV protection for light sensitive food, pharmaceuticals & visibility is not their primary concern will go for metallic films owing to less cost & non-complex manufacturing process, on the other hand transparent barrier films have sophisticated manufacturing process, requires more precision & has complex recycling process as well, leading to high production cost, These cost & application factor can limit the affordability and widespread adoption of these films, especially for budget-sensitive applications.
TRANSPARENT BARRIER PACKAGING FILMS MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Asia Pacific to dominate the market Due To High Demand and Large Consumer Base"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific has the largest consumer base for transparent barrier packaging film market share, owing to multiple factors like surge in demand for packaged foods, rise in disposable income & increasing purchasing power of the people in this region, rise of E-commerce & quick commerce is another big reason for higher consumption in this reason due to large population the demand always remains on the higher side, more over the rapid growth & urbanization of the developing economies like China & India to drive the market growth for transparent barrier packaging film as well. The growth is also catalyzed by large scale manufacturing unit setups by the market players in this region & strong incentives from retailers, producers, & consumers for increased shelf life of the products, furthermore with improved healthcare infrastructure in Asia Pacific the pharmaceutical & medical now making up for a considerable amount of share in transparent barrier packaging films market, as the new drugs formulations requires higher barrier packaging thus, the market is expected to expand due to increase in developments & spending in healthcare.
List of Market Players Profiled
- Amcor (Australia)
- Ampac (New Zealand)
- Honeywell International (U.S.)
- Sealed Air (U.S.)
- Treofan (Germany)
- Toppan Printing (Japan)
- Mitsubishi Plastic (Japan)
- Berry Plastics (U.S.)
- 3M (U.S.)
- Celplast Metallized Products (Canada)
- Charter Nex Films (U.S>)
- Daibochi Plastic (Malaysia)
- Innovia Films (U.K.)
- LINPAC Group (U.K.)
- Mondi (U.K.)
- Prairie State Group (U.S)
- Printpack (U.S.)
- RPC Group (U.K.)
- Schur Flexibles Group (Austria)
- Taghleef Industries(U.S.)
- Toray Plastics (U.S.)
- Wipak (Germany)
INDUSTRIAL DEVELOPMENT
December 2023: TOPPAN Packaging Czech, a TOPPAN Group company, has held a groundbreaking ceremony to launch construction of a new plant in Most in the Ústí nad Labem Region of the Czech Republic. The new plant will manufacture GL BARRIER,1 a global market-leading transparent barrier film developed and manufactured by the TOPPAN Group for eco-friendly packaging, a focus of increasing demand around the world.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 20690 Million in 2022 |
Market Size Value By |
US$ 29560 Million by 2028 |
Growth Rate |
CAGR of 6.1% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
-
What value is the Transparent Barrier Packaging Films market expected to touch by 2028?
The transparent barrier packaging film market is expected to reach a size of USD 29560 million by 2028.
-
What CAGR is the Transparent Barrier Packaging Films market expected to exhibit by 2028?
The transparent barrier packaging film market is expected to exhibit a CAGR of 6.1% by 2028.
-
Which are the driving factors of the Transparent Barrier Packaging Films market?
Trend towards sustainable packaging solutions to drive the market growth to drive the Transparent Barrier Packaging Films market growth.
-
What are the key global Transparent Barrier Packaging Films market segments?
The Transparent Barrier Packaging Films market segmentation that you should be aware of, which include, Based on type Biaxially Oriented Polypropylene (BOPP), Polyvinyl Chloride (PVC), Polylactic Acid (PLA), Polyethylene (PE), based on Application, Foods, Healthcare, Consumer Goods, Electronic Goods, Household Products).