High Barrier Film and Coatings Market Is Projected To Grow At A CAGR Of 7.6% During Forecast Year 2026

High Barrier Film and Coatings:

High-barrier films and coatings are commonly employed to keep water, oxygen, light, and other contaminants out of product packaging. High Barrier Film comes in single and multi-layered constructions, and the material chosen is determined by the packaging application.


Market Analysis:

The global High Barrier Film and Coatings Market was valued at USD 19.34 billion in 2018 and is expected to rise at a CAGR of 7.6% from 2019 to 2026, to reach USD 34.63 billion. Due to increased demand for packet bags and pouches in the pharmaceuticals and healthcare, cosmetics and personal care, food, and beverage industries, the High Barrier Film and Coatings Market is growing rapidly. However, manufacturers in the high barrier film and coating sector have a serious issue in high production costs and technical problems in recycling multi-layered packaging. However, advancements in packaging technology and the development of bio-based films are expected to mitigate the impact of this difficulty.


Furthermore, changing lifestyles and sedentary work environments tend to enhance ready-to-eat package food, which is a favourable factor for market growth. However, worries about the safety and quality of packaged food are projected to limit the demand because plastics allow gases and vapours to pass through them. The global high barrier film and coatings market is being driven by multiple advantages associated with high barrier film and coatings over regular films, such as increased heat tolerance, strength, and the possibility to integrate zippers or sliders, among others. Over the projected period, Asia Pacific is expected to be the fastest expanding region in the worldwide high barrier film and coatings market. The region's fast-growing, fast-moving consumer goods (FMCG) industries present market players with lucrative chances to expand their reach.


Key Players:

Bemis Company Inc Amcor Limited, Berry Global Group PLC, Mondi Group, ACG, Glenroy, Inc Cosmo Films, Innovia Films Limited, AMPAC Holdings, LLC, Winpak Ltd. others, are the major key players in the High Barrier Film and Coatings Market.

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