The global barrier film market size was US$ 33.1 billion in 2021. The global barrier film market is forecast to grow to US$ 56.6 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The vital applications of barrier films in packaging products will fuel the growth of the global barrier film market. In addition, the rising trend of down-gauging will significantly contribute to the growth of the global barrier film market during the study period.

Pharmaceutical and medical products are forecast to hold a significant share, owing to the growing demand for novel drugs and increasing healthcare spending. Furthermore, the hectic lifestyle of people and changing food habits will also contribute to the growth of the global barrier film market during the forecast period.

Recycling challenges associated with barrier films may limit the growth of the market. On the contrary, the growing focus towards the development of recyclable and sustainable products will escalate the growth of the global barrier film market. For instance, Amcor unveiled AmLite Ultra Recyclable, its first packaging product made from its sustainable high-barrier polyolefin film, in 2019. Thus, such advancements in barries packaging will drive the global barrier film market forward.

COVID-19 Impact Analysis

Due to the wake of the COVID-19 pandemic, several governments and private sector businesses have limited the capacity of production. As a result, manufacturers of consumer goods and other products witnessed numerous challenges associated with the unavailability of necessary raw materials. Thus, it hampered the growth of the global barrier film market. However, the demand for frozen and ready-to-cook products increased abruptly. The medical industry also witnessed a sudden surge in the demand for novel drugs, which has been beneficial for the global barrier film market.

Regional Analysis

The Asia-Pacific barrier film market is forecast to grow at the fastest rate. The region holds the third-largest pharmaceutical industry after North America and Europe. In addition, the contribution of populated countries like India and China is forecast to offer ample growth opportunities for the barrier film market. Furthermore, the upsurging demand for ready-to-eat food, Ready-to-eat meals (REM), and take-home food items will benefit the Asia-Pacific barrier film market during the forecast period. The growing employment rate and changing lifestyle of the population will also drive the barrier film market forward.

Competitors in the Market

Berry Global Inc.
Amcor Plc
Raven Industries
Toppan Printing Co., Ltd.
Jindal Poly Films Ltd.
Dupont Teijin Films
Cosmo Films Ltd.
Uflex Ltd.
Sumitomo Chemical Co., Ltd.
Other Prominent Players
Market Segmentation

The global barrier film market segmentation focuses on Packaging, Material, End-Use, and Region.

By Packaging Product Outlook

Bags
Pouches
Tray Lidding Films
Blister Base Films
Wrapping Films and Forming Webs
By Material Outlook

Polyethylene
HDPE
LDPE
LLDPE
Biaxially Oriented Polyethylene Terephthalate
Polypropylene
CPP
BOPP
Polyvinyl Chloride
Others
EVOH
Polystyrene
Nylon
By End-Use Outlook

Food
Beverages
Pharmaceutical and Medical
Personal Care and Home Care
Other End-user Industries
Construction
Pet Food
Other Non-food Industries
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America