BARRIER PACKAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Barrier Packaging Market, By Substrate (Plastic, Metal, Glass, and Paper), By Packaging Format (Flexible Packaging, Rigid Packaging, Semi-Rigid Packaging, and Others), By Barrier Material (Polyamide (PA), Ethylene Vinyl Alcohol (EVOH), Polyvinylidene Chloride, Aluminum Oxide, Silicon Oxide, and Others), By Application (Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

The global barrier packaging market is expected to witness significant growth over the forecast period driven by increasing demand for longer shelf-life of products and need for effective moisture and gas barriers. Rising health-consciousness among consumers has pushed the demand for packaging that protects products from external elements. Further, growing demand for packaged and convenient food is a key driver as barrier films help extend the shelf life of perishable items. The food industry dominates market growth and growing on-the-go consumption trends will boost the sales of barriers for snacks and other easy to carry food items.
However, stringent regulations over the use of plastic packaging may restraint market growth. High procurement and R&D costs associated with developing innovative barrier materials is another challenge for players. The market also faces uncertainty over volatile raw material prices. North America leads in demand, followed by Europe and the Asia Pacific region. Among these, the Asia Pacific region is anticipated to experience the fastest growth, driven by increasing disposable incomes, the expanding middle class, and the growing influence of Western consumption patterns.