Global Barrier Films Market Outlook to 2023: CAGR to Grow at 5.51% - ResearchAndMarkets.com
Sep. 04, 2018
DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The "Global Barrier Films Market - Segmented by Type (Oxygen and Other Gas, Corrosion, Moisture), End-user Industry (Food, Pharmaceutical & Healthcare, Electronics), and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The barrier films market is expected to register a CAGR of 5.51% during the forecast period (2018-2023).
Growth of Retail Chains
The growth of large retail chains has greatly benefitted the barrier packaging film market. The chains have expanded the market for packaged food, as well as electronics and pharmaceutical items with an increased focus on cost reduction and shelf-life extension.
The retail food and beverage markets have dominated the retail chains, and have continued their prominence in developing countries of Central & Eastern Europe, Asia, and South America, which were traditionally dominated by small, local, and independent stores.
Supermarkets/hypermarkets are becoming especially favored by consumers due to their wide product ranges and diverse choice of premium brands, usually unavailable at other outlets.
Thus, these domestic supermarkets/hypermarkets witnessing and increased adoption and are proliferating in major cities and are also expanding their presence in developing markets, which will further expand barrier packaging demand in these countries.
Other Key HighlightsFood Industry to Hold a Major Share of the Market United States to Hold the Largest Market Share
Notable Developments in the MarketAmcor has pledged to develop all its packaging to be recyclable or reusable by 2025. Berry Global Group acquired Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation for USD 475 million.
Companies ProfiledAmcor Limited Bemis Company Berry Global Ampac Holdings LLC Clondalkin Group Holdings B.V. Constantia Flexibles Group Innovia Films Limited Winpak Ltd. Sealed Air Corporation Glenroy Inc.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Market Dynamics
6. Global Barrier Films Market Segmentation
7. Competitive Intelligence
8. Investment Analysis
9. Future of the Barrier Film Market
For more information about this report visit https://www.researchandmarkets.com/research/wn5fgl/global_barrier?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005502/en/
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Related Topics:Healthcare Services,Plastic Films ,Paints and Coatings
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS RETAIL OTHER RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/04/2018 08:57 AM/DISC: 09/04/2018 08:58 AM