Barrier protection systems are relentlessly researched by packaging companies as a crucial technology in improving the shelf-life of products. Materials that offer high-barrier protection against a wide range of contaminants including oxygen, gases, air, moisture, and vapor are essential to keep products fresh and safe for use or consumption. Packaging companies are growing R&D on developing high-barrier packaging materials for myriad products. Strides in the flexible packaging industry have kept the high barrier packaging films market increasingly buoyant over the years.
Barrier Protection Key to Enhancing Shelf-life of Products in High Barrier Packaging Films Market
The need for barrier films for food packaging for increased shelf life has increased considerably around the world. The performance requirements of the packaging have changed steadily, leading to the demand for high barrier packaging films and laminates for a vast array of food products. The proposition of increasing shelf life has an incredibly vast value proposition for the food industry in that such packaging helps in reducing food wastage. The value proposition will unlock new opportunities in the high-barrier packaging films industry.
High Barrier Films for Packaging for Wide Spectrum of Food Products Reinforce Colossal Avenue
Barrier protection systems have also evolved in response, catalyzing industry investments in the high barrier packaging films market. These have helped seal the aroma and flavors of the food products—for a wide range of packaged food formulations such as soups, nutritional supplements, and oily foodstuffs. The adoption is high on the back of the production of cookies & crackers, chocolates, ice-creams, and snack food.
Food brands are keen on adopting high-barrier packaging pouches equipped with high-barrier packaging films. Advancements in oxygen barrier technologies have enriched the high barrier packaging film industry. The revenue possibilities in the market are vast: a business intelligence study projects the high barrier packaging films market to reach a worth of US$ 26.6 Bn by the end of 2029.
High Barrier Protective Films for Pharmaceuticals and Medical Devices Expand Avenues
The top 10 companies in the high barrier packaging films market are reaping stable revenue gains from the enormous demand for barrier systems for food packaging. Meanwhile, not just for food packaging, but for non-food packaging the demand for high-barrier packaging films is high. Steadily growing sales of household chemicals and nutraceutical products is expanding the commercialization prospects of the high barrier packaging films market. A wide assortment of specialized materials has been engineered to meet the end objective.
In highly regulated industries, such as medical devices and pharmaceuticals, the scope of product innovations is high. Pharmaceutical companies are demanding packaging solutions for a remarkable barrier against oxygen and moisture for a wide range of nutraceuticals. R&D on comprehensive pharmaceutical packaging solutions will expand the avenue in the high barrier packaging films market in the next few years. Companies are expanding their product line of mono to high barrier protective films to tap into the revenue potential.
Sustainable Food Packaging Steer Innovative Product Launches in High Barrier Packaging Films Market
Plastics are by far widely commercialized products in food packaging. However, over the years, their hard recyclability and inadequate disposal have caused widespread concerns—the glaring plastic pollution is triggering the transition toward adopting biodegradable polymers.
A number of pioneers and innovators in the high barrier packaging films market are exploring alternatives to conventional plastics. A slew of materials has generated attention among disruptors in the high barrier packaging film market. A case in point is R&D on translucent paper by Arjowiggins which offers high barrier protection by leveraging oxygen barrier technology. Known as Sylvicta, the material made from renewable raw material is expected to promote circular economy concepts for their clients, particularly businesses in the food industry. The eco-friendly material is aimed at providing barrier protection against mineral oils and fatty foodstuffs.
A clutch of companies are leaning on unveiling recyclable, compostable, and marine products to cater to the emerging customer needs in the biodegradable high barrier packaging films market.