High barrier packaging films refer to the type of packaging materials with a thickness of more than 25 µm. High barrier packaging films is growing owing to the increasing demand for retort pouches and case-ready packaging products. Moreover, growing urbanization and industrialization in the developing economies expected to provide lucrative growth prospects to the High barrier packaging films.This growth is primarily driven by Emphasizing on Manufacturing of Smaller Pack Size-Compatible Flexible Packing Solutions and Increasing Demand of Retort Pouches.
Globally, a noticeable market trend is evident Technological Development in Packaging Type. Major Vendors, such as Amcor (Australia), Sealed Air (United States), Bemis (United States), Berry Global (United States), Huhtamaki Group (Finland), Mondi Group (Austria) and Constantia Flexibles Group GmbH (Austria) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
2019, Mondi the packaging and paper group announced to invest in its Austria and Styria plant for expanding its capabilities to develop clean, eco-friendly, and safe liners for flexible intermediate bulk containers (FIBCs) by installing new equipment at the plant of Styria to make high-barrier, side-gusseted tubes for FIBCs.
- Emphasizing on Manufacturing of Smaller Pack Size-Compatible Flexible Packing Solutions
- Increasing Demand of Retort Pouches
- Technological Development in Packaging Type
- Volatile Raw Material Prices
Increasing Demand for Case Ready Packaging Products and Growing Industrialization in the Developing Economies
Lack of Awareness in the Emerging Economies
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