Oxygen Barrier Films & Coatings For Dry Food Market Size
In 2018, the market for oxygen barrier films and coatings for dry food was worth $950 million. It will grow by more than 5% every year until 2025. Because people's eating habits are changing, they are more interested in packaged food. This has led to the need for better material packaging.
The need to keep products safe and environmentally friendly, as well as the constant efforts to make packaging work better, are two of the key reasons why the oxygen barrier films and coatings for dry food market share is growing. In 2016, people spent more than $2.6 trillion on packaged food. Not only does resistance to moisture, air, and gasses make the product last longer, it also helps keep the taste and texture.
Less waste and spoilage, as well as lower costs for lightweights, are two of the main things that affect demand in this market. According to the FAO, food that is lost or wasted around the world costs USD 650 billion a year in wealthy nations and more than USD 300 billion a year in underdeveloped ones. Food producers should switch to new packaging materials to cut down on food waste during shipping and lessen the impact on the environment as a whole.
The demand for sophisticated packaging materials is likely to rise because of things like changes in technology, rules, and how people buy things. The water vapor and oxygen transmission rates of a packaging material tell you how well it keeps things from getting damaged. The globalization of the food business in terms of exports and imports has made it necessary for oxygen barrier films and coatings for the dry food market to meet particular standards while being shipped inside or outside of the country.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Oxygen Barrier Films & Coatings for Dry Food Market Size in 2018 | 950 Million (USD) |
| Forecast Period | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR | 5% |
| 2025 Value Projection | 1.4 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 350 |
| Tables, Charts & Figures | 455 |
| Segments covered | Material, Packaging Type, Application and Region |
Better packaging options that make things easier for customers have led to the creation of new products. Oxygen barrier films and coatings for dry food are projected to gain market share as moisture-resistant pouches, bags, lid stock, and wraps become more popular. Food firms are more focused on making their products stand out by giving customers packaging that is easier to use and looks better.
The government's willingness to allow the use of alternative films and coatings materials in packaging, like PET, PA, and EVOH, has helped the market for oxygen barrier films and coatings for dry food flourish. Some of the main benefits that will help the sector flourish are that they are easy to carry and store, easy to throw away, and cheaper than rigid packaging options. However, rules about how recyclable materials must be may slow the growth of the firm.
Oxygen Barrier Films & Coatings For Dry Food Market Analysis
Metalized films made up more than 35% of the industry's share in 2018 and were the most in-demand material overall. The oxygen barrier films and coatings for dry food market segment is growing because they look shiny, are light, and are very resistant to moisture. Because it looks like aluminum foil, this material is great for ornamental applications. Metalized film's ability to control permeability means that products last longer on store shelves.
The transparent film sector is expected to see the biggest growth and make more than $300 million by 2025. The material is used in the food business since it works better at keeping out moisture and vapor and lets customers see the product to compare it. EVOH is a good oxygen barrier coating for dry food, and it is taking market share from PVDC since it is better for the environment. The substance is very stable at high temperatures and is the best choice for things that need to keep their smell.
More than 60% of the industry's share in 2018 came from pouches and bags. The demand in this area has gone up because it can be used in a lot of different ways and is easier to transport and store. The product became popular because it could stand up, saved time on sterilization, and was easier to handle than traditional packaging. This sort of packaging is also becoming more popular in the market since it keeps food fresher and tastes better, and it looks better on the shelf.
Lid stocks and wraps segment will observe over 4.5% CAGR up to 2025 due to their space-saving and seen through visual appearance benefits in the food industry. Key features such as integral anti-mist packaging to retain the taste and aroma will stimulate the oxygen barrier films & coatings for dry food market revenue.
Baked goods i.e., dry mixes dominated the application share and are foreseen to be worth USD 500 million by 2025. Rising consumer spending on bakery products owing to change in lifestyle and eating habits has induced the high-performance packaging requirement for these products. Need to maintain product freshness, protein content, and improve shelf life are key reasons to witness high demand in this segment.
Savory snacks are the second-fastest-growing application and accounted for approximately 15% of the industry share in 2018. High spending on indulgence snacks along with the need to maintain product crispiness has promulgated the oxygen barrier films & coatings for dry food market. The other applications type includes soup, biscuits, nuts, and fruit snack and anticipated to gain notable growth over the projected timeframe.
Asia Pacific is set to witness highest gains and is expected to generate more than USD 350 million in revenue by 2025. With an urbanizing population and higher disposable income, a large number of customers are expected to purchase packaged products in the region. In addition, the availability of the same products in different sizes to suit the requirement of various customer groups has positively influenced the market for oxygen barrier films & coatings for dry food.
North America accounted for approximately 25% of the overall industry share in 2018. Favorable environmental regulations along with a high preference for convenient packaging solutions will facilitate the regional industry growth. The strong presence of key manufacturers and a well-established distribution network is likely to support the oxygen barrier films & coatings for dry food market growth.
Oxygen Barrier Films & Coatings For Dry Food Market Share
The global oxygen barrier films & coatings for dry food market share is competitive. Key industry players include
- Amcor
- Bemis
- American Pouch
- Dupont Teijin Films
- Honeywell
R&D initiatives to produce enhanced quality products and innovations regarding transparent lamination will drive the industry share. Packaging process automation, product portfolio expansion, collaborations, and long-term supply agreements are key strategies adopted by the industry players.
North America and Europe are mature markets and are saturated in terms of growth. Distribution channel expansion and R&D expenditure for better product innovation are among the key strategic initiatives taken by the firms operating in these regions. Regulatory bodies are expected to promote and develop innovative packaging solutions to reduce food waste generation.
Industry Background
Imagine you have a delicious bag of chips that you want to keep crispy and fresh for as long as possible. You could use a special packaging technique that seals the chips in a super-protective film. This film acts like a shield, keeping moisture and air from reaching the chips and spoiling their flavor. One of the ways to do this is by using metal-coated films. They're designed to fight off moisture and oxygen like a superhero, keeping your chips safe from harm. They also help keep sensitive foods like chips from going stale too quickly, giving you more time to enjoy their deliciousness. And let's not forget about the bonusthese special packages look pretty cool too, with their metallic shine. They're like a stylish way to keep your snacks fresh and protected.
Transparent films are preferred due to their attractive visual appearance and more appealing to the customer. These are suitable for any lamination type and can also be printed with vinyl and PU-based printing inks. PVDC (Polyvinylidene chloride) is a synthetic thermoplastic produced from vinylidene chloride polymerization. It is a see-through lamination used in the packaging of food, cosmetics, and drugs. EVOH exhibits superior thermal stability and is mainly utilized in the packaging of perishable and nonperishable items due to its moisture resistance properties.
Oxygen barrier films & coatings for dry food market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo tons and revenue in USD million from 2019 to 2025, for the following segments
By Material
- Metallized Films
- Transparent Films
- PVDC
- EVOH
By Packaging Type
- Pouches & Bags
- Lid Stock and Wraps
By Application
- Baked goods (dry mixes)
- Confectionery
- Savoury snacks
- Rice, pasta, noodles
- Breakfast cereals
- Others (soup, biscuits, fruit snack, fruit and nuts)
The above information has been provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Australia
- Latin America
- Brazil
- Argentina
- Mexico
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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