The global high barrier film packaging market is anticipated to grow at a considerable of 5.2% CAGR during the forecast period (2024-2031). Increased shelf life of products is one of the prime factors affecting and driving the market. High barrier film packaging supports in maintaining proper temperature inside the package and the film releases the absorbed moisture through its outer surface. Through this way it maintains freshness that raises the shelf life of the product by keeping purity inside the packaging along with this it also prevents spoilage. Additionally, it also reduces the amount of wastage of food as freshness is maintained.
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To gain on the opportunity key players operating in the global high barrier film packaging market had been adopting strategy. For instance, in March 2021, Amcor plc had done the collaboration with various group companies in order to manufacture Australia’s first soft plastic food wrapper that is designed with content that are recyclable.
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Market Coverage
- Segment Covered-
o By Product Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Amcor plc., Berry Global Inc., CPH Chemie + Papier Holding AG, Sealed Air, and UFlex Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global High Barrier Film Packaging Market – Segmentation
By Product Type
- Pouches & Bags
- Tray Lidding Film
- Wrapping Film
- Forming Webs & Blister Packs
By Application
- Food & Beverages
- Pharmaceutical & Medical
- Personal Care & Cosmetics
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