According to the latest market research study released by Technavio, the global transparent barrier packaging film market is expected to grow at a CAGR of close to 6% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global transparent barrier packaging film market based on end-user:
Global transparent barrier packaging film market share by end-user 2015
|
Food Industry |
57.23% |
|
Healthcare Industry |
14.32% |
|
Consumer Goods Industry |
13.82% |
|
Other Industries |
14.63% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Global transparent barrier packaging film market in food industry
The global transparent barrier packaging film market in the food industry was valued at more than $7 billion and is expected to grow at a CAGR of about 6% by 2020. These films are extensively used for packaging of meat, sausages, vegetable, and some beverages in the food industry. The increasing demand for these films for the packaging of meat and meat products will lead to the growth of this market segment. These films help in extending the shelf life of meat products, drying the meat, controlling acidity, and storing in airtight containers to reduce microbial risks.
“Transparent barrier films are used to create vacuum packaging, which helps in maintaining an optimum atmosphere and enabling an extended shelf life. These films are extensively used for packaging red or white meat products. It was estimated that the baked goods, pre-cooked and frozen food segment accounted for around 65% of the total market share in the food industry during 2015,” says Sharan Raj M, a lead analyst at Technavio for research on logistics.
Global transparent barrier packaging film market in healthcare industry
The global transparent barrier packaging film market in the healthcare industry was valued at more than $1 billion and is expected to grow at a CAGR of about 6% by 2020. The implementation of regulations such as the packaging of drugs in unit-dose formats with barcodes to reduce dispensing errors is one of the primary market drivers of this market segment. The extensive use of disposable medical products, pre-fillable syringes, and blister packaging will increased the demand for transparent barrier packaging films in this industry.
Global transparent barrier packaging film market in consumer goods industry
The global transparent barrier packaging film market in the consumer goods industry was valued at almost $2 billion and is expected to grow at a CAGR of more than 5% by 2020. Transparent barrier packaging film are mainly used for multiple types of cosmetic products such as color cosmetics, creams, moisturizers, shampoos, conditioners, hair colors, perfumes, deodorants, and other toiletries. The growing requirement for packaging solutions for different product sizes and the demand for a wide range of colored and innovative packaging products will boost the growth of this market segment during the forecast period. The growth in the personal care industry, demand for innovative designs and colors in packaging, and increased focus on packaging as an important tool for brand differentiation will help this segment maintain the market share.
The top leading vendors operating in the global transparent barrier packaging film market are:
- Toppan Printing
- Mitsubishi Plastic
- Amcor
- Bemis
- Berry Plastics
Other prominent vendors in the market include 3M, AMPAC, Celplast Metallized Products, Charter Nex Films, Daibochi Plastic, Innovia Films, LINPAC Group, Mondi, Prairie State Group, Printpack, RPC Group, Schur Flexibles Group, Taghleef Industries, Toray Plastics (America), and Wipak.
A more detailed analysis is available in the Technavio report titled, ‘Global Transparent Barrier Packaging Film Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Barrier Materials Market 2016-2020
- Global Packaging Tapes Market 2016-2020
- Global High Barrier Packaging Film Market 2016-2020
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