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 imp