According to the latest market report published by Transparency Market Research titled ‘High Barrier Packaging Films Market’: Global Industry Analysis and Forecast 2017-2027’, global high barrier packaging films market is estimated to be US$ 20,297 Mn for 2017 and is expected to grow at a CAGR of 7.8% over the forecast period (2017-2027).
High barrier packaging films is used to increase the shelf life for packaged food products, protecting the product from oxygen transmission, moisture transfer, UV rays protection, etc. High barrier packaging films is an alternative replacement for rigid packaging which renders convenience in product handling and aid in increasing the products shelf life.
High barrier packaging films is rapidly gaining traction in fresh ready to eat meal packaging market. Use of high barrier films lets the product last longer by ceasing the flow of the oxygen inside packaging and reducing the degradation rate of the packed product. Active Packaging technology which are used in polymer material is aiding high barrier packaging films market a large prominence, use of such technology prevents harmful bacterial growth in food substance by releasing antibacterial chemical. Such innovation have helped to increase the shelf life of the packaged product.
Request a PDF Sample at http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28016
Invention of vaccum skin and retort packaging has increased the use of high barrier packaging films market. Moreover, the increasing preference of smaller and convenient form of packaging has increased the need for flexible packaging in developed region which is gaining traction in emerging economies.
With increasing penetration of online and offline retail, the demand for high barrier packaging films is set to increase over the forecast period. PE, PP, PET and EVOH are the most commonly used material for production of high barrier packaging films market. Together they are expected to account for over half of the high barrier packaging films market.