Barrier Films Market to exceed USD 40 Billion by 2032, Says Global Market Insights inc.
Barrier Films Industry size is expected to register 5.5% CAGR between 2023 and 2032 propelled by Increasing demand from the food packaging industry.
Selbyville, Delaware, May 23, 2024 (GLOBE NEWSWIRE) — Barrier Films Market is projected to surpass USD 40 billion by 2032, as per a
North America to secure high revenue share
North America barrier films market will expand at a notable CAGR from 2024 to 2032 due to a robust manufacturing sector, stringent regulatory standards, and high demand for packaging solutions. Factors such as technological upgrades and increasing consumer awareness will further bolster this position. As major players continue to invest in innovation and sustainability initiatives, North America will stand as a pivotal contributor to the evolution of the market.
Barrier Films Market Players
Prominent companies operating in the barrier films market include Amcor Plc, Berry Global Inc., Sealed Air Corporation, Cosmo Films Ltd, Toppan, DuPont Teijin Films, and Jindal Poly Films, among others.
These key industry players are actively bolstering their presence through strategic initiatives. They are investing substantially in research and development to introduce innovative products that meet evolving consumer demands. Additionally, strategic collaborations, mergers, and acquisitions enable them to expand their market reach and gain a competitive edge. By focusing on enhancing product quality, sustainability, and cost-effectiveness, these players are solidifying their positions and driving growth in the barrier films market.
In March 2024, Jindal Films introduced BICOR 25 and 30 MBH568 films, innovative mono-material barrier solutions. These polypropylene (PP) and polyethylene (PE) films support packaging companies in adhering to upcoming European mechanical recycling standards.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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