LONDON--(BUSINESS WIRE)--The global transparent barrier packaging film market is expected to register a CAGR of almost 6% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the market’s growth is the high demand for transparent barrier packaging films (TBPF) by the food industry. Packaging plays a vital role in the preservation of food and beverages. Manufacturers of food and beverage products choose packaging materials that can extend the shelf-life of food. The manufacturers prefer food packaging solutions with less preservatives. Transparent barrier packaging films also increase the stability of products.
This market research report on the global transparent barrier packaging film market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increased demand for high-performance, specialty barrier films as one of the key emerging trends in the global transparent barrier packaging film market:
Global transparent barrier packaging film market: Increased demand for high-performance, specialty barrier films
The increased demand for TBPF by the packaging industry led to the development of the specialty plastic films. The key raw materials used for manufacturing transparent plastic films are PE, BOPET, and BOPP. Specialty packaging films such as BOPA, also known as nylon and cast polypropylene films (CPP) are also gaining popularity because of their unique physical and chemical properties.
“Specialty packaging films are primarily known for their excellent barrier properties, stiffness, and tensile strength. Specialty packaging films mainly include raw materials such as ethylene vinyl alcohol, PVDC, and polyamides. In 2016, PVDC packaging film material accounted for more than 50% share of the global transparent barrier packaging film market in the food industry,” says a senior analyst at Technavio for research on packaging.
Global transparent barrier packaging film market: Segmentation and analysis
This market research report segments the global transparent barrier packaging film market into the following end-users (food, healthcare, and consumer goods) and key regions (the Americas, APAC, and EMEA).
The food segment held the largest market share in 2017, accounting for nearly 58% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC held the highest share of the global transparent barrier packaging film market in 2017, accounting for a market share of more than 35%. This region is anticipated to post the fastest growth during the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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