Transparent Vapor Deposition Packaging Films Market Size, Share, Growth, and Industry Analysis by Type (Evaporated Silicon Oxide, Evaporated Aluminum Oxide ‎), by Application (Medical Drug Packaging, Electronic Parts Packaging, Food Packaging), and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

TRANSPARENT VAPOR DEPOSITION PACKAGING FILMS MARKET REPORT OVERVIEW

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The global transparent vapor deposition packaging films market size was USD 4590.3 million in 2020 and will touch USD 5876.4 million by 2027, at CAGR of 3.6% during the forecast period.

Transparent vapor deposition packaging films is a kind of transparent barrier film which vanishes aluminum oxide or silicon oxide to pet, and other basic materials among which the alumina coated PET film is the utmost mutual. Transparent vapor deposition packaging films are an novel solution that has enlarged substantial purchase in the packaging industry. These films deliver a high-barrier shield while preserving transparency, augmenting the visual appeal of the packaged product. The flexibility of transparent vapor deposition packaging films permits for their use in various end-use presentations more than traditional packaging which is expanding the market opportunities.

These films offer excellent barrier properties and longer shelf life, while reducing the overall packaging weight and carbon footprint. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-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.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

TRANSPARENT VAPOR DEPOSITION PACKAGING FILMS MARKET SEGMENTATION

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By Type Analysis

According to type, the market can be segmented into evaporated silicon oxide, evaporated aluminum oxide

Evaporated silicon oxide will capture the maximum market share through forecast period.  

• Evaporated silicon oxide: Evaporated silicon oxide the packaging film that is coated is thin layers of materials. The evaporated silicon oxide films are commonly used for food packaging.

• Evaporated aluminum oxide: Evaporated aluminum oxide are preferred for electronic parts packaging. It provide excellent barrier properties mainly against moisture and light.

By Application Analysis

According to application, the market can be segmented into medical drug packaging, electronic parts packaging, food packaging

Transparent vapor deposition packaging films market players cover segment as medical drug packaging will dominate the market share during forecast period.

• Medical drug packaging: In medical drug packaging the films preserve the integrity of the drugs and prevent contamination.

• Electronic parts packaging: In electronic parts packaging the films safeguard the delicate components from moisture and gases.

• Food packaging: In food packaging the films extend the shelf life of products by providing an actual barrier against oxygen, dampness, and UV light.

DRIVING FACTORS

"Growing Awareness Regarding The Environmental Benefits To Boost The Market Growth"

Growing awareness regarding the environmental benefits associated with these films such as reduced plastics consumption and improved recyclability contributing to sustainability goals has further driven the demand.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the transparent vapor deposition packaging films market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant research and development has lead to the development of vapor deposition films with improved material.

RESTRAINING FACTOR

"High Intial Cost To Hamper The Market Growth"

Vapor deposition coating facilities requires substantial investment in specific tools and structure. This high initial investment can be a hurdle for new competitors and minor players in the market.  Technical difficulties will reduce the industry revenue.

TRANSPARENT VAPOR DEPOSITION PACKAGING FILMS MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Rapid Industrialization & Urbanization"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa. 

Asia Pacific is further expected to witness growth in the transparent vapor deposition packaging films market share. The region is dominating the market due to rapid industrialization and urbanization which have led to the increased consumption of packaged goods. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Toppan Printing (Japan)
• Toray (Japan)
• Dai Nippon Printing (Japan)
• Mondi (U.K.)
• Mitsubishi Chemical (Japan)

INDUSTRIAL DEVELOPMENT

February 2020:  Toppan Printing, a global leader in communication, security, packaging, décor materials, and electronics solutions, has been recognized with a Bronze Class SAM Sustainability Award for the second consecutive year. Toppan is also once again the only Japanese company to receive an award in the Commercial Services & Supplies sector.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.