High Barrier Packaging Films Market Segmentation:
Product Segment Analysis
The bags and pouches segment in high barrier packaging films market is projected to drive the product segment during the forecast period, owing to their rising demand in transporting and storing processes. These products are used in several industries such as pharmaceuticals, food and beverage, personal care, and cosmetics for packaging and storage of products. Their popularity is majorly driven by their property of convenience. In January 2021, Innovia expanded its Propafilm Strata range of transparent, high-barrier, mono-structure, packaging films with SLF, which is a chlorine-free barrier from moisture, oxygen, and mineral oils. Factors like these are projected to boost the segment’s development, leading to a significant growth rate.
Application Segment Analysis
The food and beverage segment in high barrier packaging films market is anticipated to hold the highest share of the revenue by 2035. This industry uses packaging films with high barriers to store and ship a wide range of products. These include ready-to-eat meals, dairy products, bakery, confectionery, meat, seafood, fruits, and vegetables, in addition to alcoholic and non-alcoholic beverages. These films prevent spoilage and contamination, ensuring that the food and beverage retain their flavor, texture, and nutritional value. Packaging films are particularly essential in packing perishable items, frozen foods, and snacks. Owing to the high demand for products in this segment, it is projected to witness high growth during the forecast period.
Our in-depth analysis of the global high barrier packaging films market includes the following segments:
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