Technavio Announces Top Three Emerging Trends Impacting the Global High Barrier Packaging Film Market Through 2020
By Business Wire News
By Business Wire News
Technavio’s latest report on the global high barrier packaging film market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
High barrier packaging films are used for different packaging applications in the food, healthcare, consumer goods, and other industries. The global high barrier packaging film market is expected to generate approximately USD 22 billion by 2020. “Their inert nature and ability to preserve products for a long period makes them a popular choice in the food industry. High barrier materials in packaging laminations help prevent the permeation of water, oil, oxygen, aroma, flavor, and light for the better preservation of food products,” says Sharan Raj, a lead analyst from Technavio, specializing in research on packaging sector.
The top three emerging trends driving the global high barrier packaging film market according to Technavio transportation and logistics research analysts are:
- Rise in bio-based polymer films
- Technological advancement in high barrier films
- Adoption of high barrier EVOH films
Rise in bio-based polymer films
Biodegradable and soluble films are expected to experience a rapid rise in demand during the forecast period. As a result of an improvement in technologies, new applications are developed to fulfill the end-user demand for sustainable, specialty and high-performance films. A rise in the demand for compostable packaging and bags for organic waste is driving the demand for biodegradable films.
Soluble films will be in huge demand as there is an untapped market for pharmaceutical and health products in dissolvable thin film form. Demand may also rise from the edible and soluble food packaging industry, which will revolutionize the packaging industry.
Technological advancement in high barrier films
Technological advancements and innovations are revolutionizing the packaging films market with the increasing demand for plastic films that offer oxygen and moisture barriers in packaging applications. Corporations are investing large amounts in R&D to come up with innovative offerings in plastic film packaging. To produce hi-tech plastics resistant to the extreme conditions of temperature and pressure, modern microprocessor-based controllers and intelligent control systems are used with a high level of functionality.
The technology adoption starts right from the manufacturing process till the compounds to be used in the better grade plastics, to suit customer requirements. “The high-performance films will be in great demand in the industry owing to their product functionalities and sustainability. Companies are increasingly focusing on enhancing the product and process technology as technological advancement is a decisive factor for a profitable business,” says Sharan.
Adoption of high barrier EVOH films
The adoption of resins with high barrier properties is set to become a major trend during the forecast period. Ethylene vinyl alcohol (EVOH) films are almost impermeable to external gases and ensure that the moisture content and heat are constant in silage and greenhouse applications. They are priced higher as compared to other conventional materials, but their barrier properties make them popular.
EVOH films also have reduced environmental impact. They also eliminate the need for additives to the films to extend their shelf life. This material also provides the options for eliminating multiple-layered protection, as 1 millimeter of EVOH has equivalent barrier properties to that of 10 millimeters of low-density polyethylene. Minimization of material usage translates to lower procurement costs and a smaller carbon footprint.
Browse Related Reports:
- Global Biaxially Oriented Polypropylene Films Market 2016-2020
- Global Stretch and Shrink Film Market 2016-2020
- Global Plastic Films Market 2016-2020
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