The High Barrier Films Market for Food Packaging is expected to reach $30.8 billion by 2028, at a CAGR of 5.9% during the forecast period 2021 to 2028.
The growth of High Barrier Packaging Film market is mainly attributed to the inclination towards case-ready packaging products, the rising need for high barrier packaging films for longer shelf-life, growing consumer concerns for food wastage reduction, and growing demand from the meat industry. Moreover, the growing demand for biodegradable high barrier packaging films is expected to create lucrative opportunities for high barrier film manufacturers in this market. However, susceptibility to degradation is expected to hinder the growth of the high barrier films market for food packaging to some extent.
Here are the top 10 companies operating in High Barrier Films Market–
Amcor PLC
Amcor is a leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home- and personal care, and other products. The company operates through two business segments, namely, Flexibles and Rigid Packaging. It offers a wide range of flexible and rigid packaging, specialty cartons, closures, and services for the food, beverages, home, personal care, healthcare, pet care, and technical industries.
With 230 sites and strong distribution networks over more than 40 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Toppan Printing Co. Ltd;
Toppan is specialized in providing printing technologies. The company has undertaken a wide range of businesses, mainly content creation, security solutions, marketing communications, packaging, performance materials & energy, décor materials, display components, and semiconductor solutions. In addition, the company serves high-barrier packaging films materials through the Flexible Packaging segment. It serves packaging solutions to food, beverage, pharmaceuticals, personal care, and industrial materials industries.
With its 226 subsidiaries and strong distribution networks, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
DuPont Teijin Films
Founded in 1993 and headquartered in the U.S., DuPont Teijin is engaged in manufacturing PET and PEN polyester films. DuPont Teijin Films was founded in 2000 as a 50:50 joint venture between DuPont (U.S.) and Teijin Limited (Japan). The company also specializes in providing flexible and customizable packaging. The company provides its packaging solutions to food, medical, industrial & construction, print, and photovoltaics industries.
With its strong distribution networks, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Mondi PLC
Mondi is engaged in producing and providing packaging and paper solutions. It also manufactures packaging material solutions obtained from wood pulp used with recycling paper and converted into containerboard, kraft paper, and fine uncoated paper. In addition, the company’s converting operations produce a wide range of products requiring paper and raw materials like resins, films, and nonwovens. The company operates through four business segments, namely, Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper.
In addition, it offers barrier coating packaging under the Engineered Materials segment. It serves its products to the agriculture, automotive, building and construction, chemicals and dangerous goods, and food and beverages industries.
With its subsidiaries and strong distribution networks over more than 30 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Sealed Air Corporation
Sealed Air is engaged in providing packaging materials, equipment, and services. The company’s portfolio of packaging solutions includes Cryovac brand food packaging, Sealed Air brand protective packaging, Autobag brand automated systems, Bubble Wrap brand packaging, and SEE Automation solutions. The company operates through two business segments, namely, Food and Protective. In addition, it serves its products and services to aerospace & defense, agriculture, alternative proteins, apparel & accessories, automotive, and food industries.
With its 106 manufacturing facilities, 39 packaging design and application centers, and strong distribution networks in over 117 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
A report into the projected growth of the current High Barrier Films Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 5.9%, reaching over $30.8 billion.
Borealis AG
Borealis is specialized in manufacturing advanced and circular polyolefin solutions. The company’s portfolio also includes the manufacturing of base chemicals, fertilizers, and the mechanical recycling of plastics. The company operates through three business segments, namely, Polyolefins, Base Chemicals, and Borealis Nitro. It serves its products to pipe, automotive, and energy industries.
With its strong distribution networks in more than 120 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Wihuri Group
Founded in 1901 and headquartered in Helsinki, Finland, Wihuri is a conglomerate group operating in four different businesses, namely, packaging, daily goods, technical trade, and aviation. The company operates its packaging business through two brands Wipak Group in Europe and Asia and Winpak Limited in North America.
Winpak is engaged in manufacturing and distributing high-quality and innovative packaging materials. The company operates through three business segments, namely, Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The company provides its packaging solutions to food, beverage, personal care, pharmaceuticals, and medical industries.
With its 21 manufacturing sites, subsidiaries, and strong distribution networks, Wihuri has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Kureha Corporation
Kureha is engaged in the manufacturing of specialty chemicals. The company also offers functional materials and plastics. It operates through five business segments, namely, Advanced Materials, Specialty Plastics, Specialty chemicals, Construction, and Other Operations. The company produces heat-shrinkable PVDC films specially designed for food packaging. The company provides products to food packaging, agrochemicals, pharmaceuticals, industrial chemicals, household goods, and construction industries.
With its subsidiaries and strong distribution networks, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Uflex Limited
Uflex is specialized in manufacturing and providing flexible packaging solutions. The company’s activities include packaging design & color scheme, packaging structure, and packaging products. The company operates through two business segments, namely, Flexible Packaging Activities and Engineering Activities. The company provides its products to food, personal care, home care, pharmaceuticals, agrochemical, oils and lubricants, pet food, baby products, and cement & paint industries, among others.
With its subsidiaries and strong distribution networks in more than 140 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Jindal Poly Films Ltd.
Jindal Poly Films is mainly involved in the manufacturing of BOPET and BOPP films. It also manufactures polyester & polypropylene films, steel pipes, thermal power generation, and photographic products. The company operates through two business segments, namely, Packaging Films and Nonwoven Fabrics. The company provides its packaging solutions to the food, textile, and print industries.
With its subsidiaries and strong distribution networks across more than 40 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Popular Mentions: HUHTAMAKI GROUP, HPM GLOBAL, INC., FLAIR FLEXIBLE PACKAGING CORPORATION, CONSTANTIA FLEXIBLES GROUP GMBH, MULTIVAC, and BERNHARDT PACKAGING & PROCESS
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Authoritative Research on the High Barrier Films Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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