Transparent Barrier Films Market Size
As per the latest market research report, Transparent Barrier Films Market size is expected to reach US XX Million and it was estimated to increase at CAGR of 8.8 % over the projected period 2024.
Growth Opportunities, Challenges and Restraints of Transparent Barrier Films Market:
Transparent barrier films have been an imperative part of the packaging industry and since past 10 years have been getting significant attention of manufacturers owing to their great application in the packaging of products such as electronic devices, foods and toiletries, and industrial materials. Transparent barrier films are covered with an inorganic layer coating on the surface through vapour removal processing to suit multiple applications. Transparent barrier film blocks the permeation of gases, such as water vapour and oxygen, into the packaged content. It, therefore, helps to keep the content fresh and protects it from deterioration, such as rotting, drying, colour and aroma loss, and vitamin disruption caused due to the exposure to oxygen and water.
With the various developments and comprehensive research related to packaging technology, transparent barrier films now also provide electromagnetic permeability, which provides the content to be cooked or heated in ovens and microwaves. Huge demand from various industries, such as pharmaceuticals, customer goods, and specifically the food and beverages industry, has provided a vital boost to the transparent barrier film market. The increase in demand for transparent barrier films can also be attributed to the increasing focus of the consumers on convenience and sustainability. Nevertheless, the market in certain regions is restricted, owing to the increasing environmental regulations in these areas, and also because of the competition set by cheap alternate technologies.
Geographical Insights of Transparent Barrier Films Market
Besides, the transparent barrier film market is divided on the basis of regions into South America, Western Europe, Eastern Europe, APAC, and the Middle East, North America, and Africa. Western Europe is one of the biggest contributors to the global transparent barrier films market in terms of market and supply, followed by APAC and North America. During the projection period, North America and Western Europe regional markets are anticipated it witness moderate growth, while the APAC, Latin America, and the MEA markets are expected to exhibit above global average growth owing to the growing consumer class and rising consumption of packaged products in these regions. In APAC, China, India, and Japan are the major markets spearheading the demand for transparent barrier films in the region. Likewise, the sustainable development of the food processing and pharmaceuticals industry in Eastern Europe, MEA, and Latin America is anticipated to boost demand for transparent barrier films in these regions.
Few of the leading companies dominating the Market profiled in the report are:
- Mitsubishi Plastic Inc.
- Amcor Limited
- Toppan Printing Co. Ltd.
- Toray Industries, Inc.
- OIKE & Co., Ltd
This research report includes following segmentation for the Transparent Barrier Films Market size and forecast until 2024
Transparent Barrier Films Market - By Polymers
Transparent Barrier Films Market - By different Coatings
- Silicon Oxide
- Aluminum Oxide
Transparent Barrier Films Market - By End User
- Food & Beverages
- Personal Care Product Packaging
- Household Care Product Packaging
- Pharmaceutical Packaging
- Other Non-Packaging Markets
Transparent Barrier Films Market - By Region
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa