Global Plastic Barrier Packaging Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Plastic barrier packaging refers to the packaging materials and solutions that are designed to protect the products from external factors such as oxygen, moisture, light, and other contaminants that can affect the quality, safety, and shelf life of the products. These packaging materials are commonly used in the food and beverage industry, pharmaceuticals, and other industries that require high-quality packaging solutions. The major driving factors for the Global Plastic Barrier Packaging Market are increasing demand for packaged food and beverages and raising awareness about sustainability. Moreover, the growing adoption of e-commerce and technological advancements is creating lucrative growth opportunities for the market over the forecast period 2023-2030.
The growing adoption of e-commerce is driving the demand for plastic barrier packaging solutions, particularly in the food and beverage industry. Market players are launching packaging solutions that can withstand the rigors of e-commerce and offer longer shelf life for food and beverage products. For instance, according to India Brand Equity Foundation, in 2022, the e-commerce industry of India has increased up to USD 74.80 billion which was up by 21.5% from the previous year. However, the high cost of Plastic Barrier Packaging stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Plastic Barrier Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American market is the dominating market and has been driven by the increasing demand for sustainable packaging solutions and the growing adoption of e-commerce. Market players such as Sealed Air Corporation and Sonoco Products Company have launched sustainable packaging solutions, while Bemis Company Inc. has invested in new production facilities in Mexico to meet the growing demand. The Asia Pacific market is the fastest growing and has been driven by the increasing demand for packaged food and beverages and the growing adoption of e-commerce. Market players such as Berry Global Inc. and Winpak Ltd. have invested in new production facilities in China and India to meet the growing demand.
Major market player included in this report are:
Berry Global Inc.
Sealed Air Corporation
Coveris Holdings S.A.
Bemis Company Inc.
Sonoco Products Company
Constantia Flexibles Group GmbH
Recent Developments in the Market:
? In April 2023, Amcor plc has invested in sustainability initiatives and has set a target to reduce greenhouse gas emissions by 25% by 2030. The company launched a recyclable packaging solution for a popular confectionery brand in Europe.
? In June 2022, Sealed Air Corporation has been focusing on sustainability initiatives and has set a target to achieve 100% recyclable or reusable packaging by 2025. The company launched a range of paper-based packaging solutions for the e-commerce industry.
Global Plastic Barrier Packaging Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Material Type, Product Type, Barrier Type, End use industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
Polyethylene Terephthalate (PET)
By Product Type:
By Barrier Type:
By End use industry:
Food and Beverage
Personal Care and Cosmetics
Middle East & Africa
Rest of Middle East & Africa