High-Barrier Packaging Film Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The market for high-barrier packaging film has seen a CAGR of 5% in the upcoming years. Growing urbanization has increased consumer demand for packaged foods. Additionally, goods and user safety concerns have grown to be essential variables, which are anticipated to cause the high-barrier packaging market to expand profitably over the projected year.
Key HighlightsMoreover, with the increasing demand for medical and healthcare supplies, the high-barrier film packaging market is expected to witness significant growth in the future. For instance, Envy Pack is also continuing its operation by supplying medical and healthcare packaging solutions in clear pouches, pockets, and adhesive-backed sleeves, with and without print, to meet the demand.
Key Market TrendsPharmaceuticals Sector is Expected to Register a Significant GrowthThe high-barrier packaging film market is concentrated in nature because of the presence of many global players such as Amcor Plc, Glenroy, Inc., Celplast Metallized Products Limited, and Berry Global Group Inc. These players face stiff competition from regional players in different countries as well. Companies are investing a large amount of their resources and money in R&D to innovate new products that meet environmental and government compliance standards. Some recent developments are:
In October 2022, Toppan expanded its GL Barrier barrier range with a mono-material PE barrier designed to package liquid products in a durable, sterile, and easy-to-recycle material. Aiming to meet "growing demand" in the European and North American markets, the company claims that vapor deposition has previously posed a challenge with PE packaging and that its new barrier supersedes existing designs of its kind.
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