HIGH BARRIER FILM AND COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

MARKET DYNAMICS

• Multiple advantages associated with high barrier film and coatings over traditional films such as higher heat tolerance, strength, and ability to incorporate zippers or sliders among others are driving growth of the global high barrier film and coatings market. Moreover, high Barrier Film and coatings offer excellent gloss, extend shelf life of packaged products and reduce the need for preservatives.
• High production cost and technical difficulties in recycling of multi layered packaging is a major challenge for manufacturers operating in the high barrier film & coating market. However, technological advancement in packaging industries & introduction of bio-based films is projected to reduce impact of this challenge over the forecast period.
• Growing importance of sustainable solutions to reduce environmental impact of packaging is shifting manufacturers' preference towards bio-based high barrier packaging films. In 2018, NatureWorks, Nippon Gohsei, Eurotech Extrusion Company and Sukano joined together to offer multilayer transparent bio-based high Barrier Film for food packaging.