Regional Analysis
The Asia Pacific region due to its burgeoning food & beverages industry accounts for the largest share in the High Barrier Packaging Films Industry globally. The region is expected to retain its dominance over the global market throughout the forecast period.
Europe High Barrier Packaging Films Industry is emerging as a profitable market, globally. Changing lifestyles drive the growth of the regional market, increasing the demand for eCommerce and online food delivery market. Additionally, the demand for convenience packaging is allowing the High Barrier Packaging Films Industry in the region to grow rapidly.
Competitive Landscape
Highly competitive, the High Barrier Packaging Films Industry appears to be fragmented characterized by the presence of several large and small-scale players. These players incorporate strategic initiatives such as collaboration, acquisition, partnership, expansion, and technology launch to gain a competitive advantage in the market.
Manufacturers of these films employ continuous improvement strategies to upgrade products. To achieve this goal, they implement improvements and use advanced technologies. And, thus, meet the changing needs of the consumer. These players invest substantially in research and development projects and develop state-of-the-art equipment, facilities, advanced technology, and processes.
Major Players:
Players leading the global High Barrier Packaging Films Industry include Bemis Company, Inc. (US), Amcor Limited (Australia), Ampac Packaging LLC (US), Sealed Air Corporation (US), The Mondi Group (Austria), Constantia Flexibles Group GmbH (Austria), Coveris Holdings SA (Luxembourg), Berry Plastics Corporation (US), Sonoco Products Company (US), Huhtamaki Group (Finland), Wipak Walsrode GmbH & Co. KG (Germany), Printpack Inc. (US), Sigma Plastics Group (US), and Linpac Packaging Limited (UK) among others.
Industry/Innovation/Related News:
May 22, 2019 ---- Innovia Films (the UK), a leading global manufacturer and supplier of biaxially-oriented polypropylene films for specialty packaging launched its new line of transparent high barrier packaging films - Propafilm Strata SL.
The packaging can act as a standalone mono film and can be recycled in the facilities where polypropylene films are recycled.
The glossy film is food contact compliant and chlorine free. Resultantly, Strata SL provides an effective barrier to the aroma, mineral oils, and oxygen, even at high relative humidity levels, ensuring increased shelf life and reduced food waste.
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