High Barrier Packaging Films Market Trends, Analysis and Forecasts
Growing awareness levels among consumers regarding environmental issues and growing preferences towards light weight packaging solutions are expected to drive product demand over the coming years. Use of lighter weight packaging solutions offer advantages such as portable packaging and limit waste generation. Additionally, stringent government norms and regulation and shifting trend towards smaller pack packaging purchase is projected to further drive product demand across the globe. Asia Pacific excluding Japan currently holds major market share, owing to the strong economical developments and growing concerns regarding environmental hazards. Major players dominating the global market include Amcor Limited, Uflex Ltd, Glenroy, Inc, Winpak Ltd., The Mondi Group plc., Toray Plastics (America), Inc., LINPAC Packaging Limited, Schur Flexibles Holding GesmbH.
The report titled “High Barrier Packaging Films Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global high barrier packaging films market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, BASF SE reported revenues of US$ 70.24 Billion in 2018 and the segment and geographic analysis of the company indicates that functional material and solution is the dominating revenue segment of the company, with the Europe being the major revenue generating region.
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The high barrier packaging films market study takes into consideration market segmentation based on type, material, packaging type, end user, and geography. Based on type, the market is segmented into metalized films, clear films, organic coating films, and inorganic oxide coating films. Based on material type, the global market is segmented into Polyethylene (PE), Polypropylene (PP), Ethylene Vinyl Alcohol (EVOH), Polyethylene Terephthalate (PET), and Others. Based on packaging type, the market is segmented into pouches, shrink films, bags, lids, laminated tubes, and others. Based on end user, the market is segmented into food and beverages, pharmaceuticals, electronic devices, medical devices, agriculture, chemicals, and others. On the basis of geography, the global market is further segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on high barrier packaging films products. Further, market share of company in the global high barrier packaging films market would also be calculated. For instance, In May 2015, Sigma Plastics acquired Forest Park, Georgia-based Tara Plastics Corp., a company that specializes in producing LLDPE film for high-speed converting and mono-layer PE.