Barrier Films Market worth $4.1 Billion by 2025

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2020/12/15 Barrier Films Market worth $4.1 Billion by 2025

Barrier Films Market worth $4.1 Billion by 2025

Source from: Barrier Films Market worth $4.1 Billion by 2025 | 2020-12-10 | Flexible Packaging (flexpackmag.com)

According to a new market research report from MarketsandMarkets, "Barrier Films Market by Material (PE, PET, PP, Polyamide, Organic Coatings, Inorganic Oxide Coatings), End-Use Industry (Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture), and Region (North America, APAC, Europe) - Global Forecast to 2025," the barrier films market size is estimated at $3.1 billion in 2020 and is projected to reach $4.1 billion by 2025, at a CAGR of 5.3%.

The report states that the barrier films market is witnessing high growth owing to demand for a longer shelf-life of food products, increasing demand for customer-friendly packaging and a rising number of retail chains in developing countries.

PE is the Largest Material Segment of the Barrier Films Market
The barrier films market is segmented based on material into PE, PP, PET/BOPET, polyamide, organic coatings, inorganic coatings and others. PE holds the major market share of the overall barrier films market owing to its moisture barrier properties. The inorganic oxide coatings segment is projected to be the fastest-growing segment during the forecast period due to the moisture barrier properties, transparency and cost-effectiveness.

Food & Beverage is the Largest End-Use Industry Segment of the Barrier Films Market
The barrier films market is segmented on the basis of end-use industry into food and beverage packaging, pharmaceutical packaging, agriculture and others. The food and beverage end-use segment holds major market share of the overall barrier films market owing to the growing need for product safety and convenience, and an increasing consumer preference for process and packaged food is driving the demand for barrier films in food and beverage packaging.

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