High Performance Barrier Films Market to Record an Exponential CAGR by 2028
Growth of high-performance barrier films depends on busy consumer lifestyle and constant demand for on-the-go and convenience products. High-performance barrier films primary function is to protect the product from moisture and oxygen. High-performance barrier films fulfills the increasing demand for barrier protection for aroma, flavor, UV radiation, carbon dioxide and chemicals.
Food packaging accounts for almost 70% in the global high-performance barrier films demand. High-performance barrier films are manufactured using resins such as PET, EVOH, PTFE (polytetrafluoroethylene), PVdC, polyamide, polyethylene naphthalene (PEN), aluminum and others. High-performance barrier films find application in industries including packaging, construction, automobile, electronics & electricals. High-performance barrier films exhibit features such as chemical resistivity, high tear strength and high tensile strength.
Advancement in technology, particularly in fields such as pharmaceutical drug formulation, electronics, food processing. Technological advancement in high-performance barrier films has increased demand for protective solutions and packaging which improve the shelf-life of the product while maintaining low permeation rate and its integrity. The growth of non-food markets such as pharmaceuticals and cosmetics and toiletries is much higher than food high-performance barrier films application. High-performance barrier films resin manufacturers continue to develop and improve plastic films and additives for packaging production.
Rising demand for high-performance barrier films in solar PVs and semiconductor insulations expected to boost demand. Additionally, high-performance barrier films are used in food processing industry and pharmaceutical blister packaging, which is expected to fuel the demand during the forecast period. Over 65% of high-performance barrier films are used for packaging purpose. Growing application of chemically inert and flexible material for packaging food and beverages is likely to fuel high-performance barrier films growth. The rising consumer awareness for food hygiene and safety is expected to boost demand for high-performance barrier films.
Some high-performance barrier films manufacturers are adopting sustainability strategies by creating renewable cellulose-based barrier and biodegradable films. For instance Innovia Films and Sappi Fine Paper Europe have combined their compostable substrates – Innovia’s ‘NatureFlex’ and Sappi’s ‘Algro Nature’ – that provides a packaging solution that offers for either industrial or home composting.
The demand for food with a high quality and most importantly longer shelf life has led to the increase in the demand for multilayer film structures that can keep the food product fresh or consumable for several days. Recycling becomes a particular problem with multi – layer barrier films structures containing more than one type of plastic. As high-performance barrier films are difficult to separate and may hamper the growth.
