by Corinne Gangloff
May 10, 2017
Demand for oxygen and other gas barrier films is forecast to increase 4.1% annually to $4.1 billion in 2021. Growth will be driven by demand for higher performing gas barriers that prolong product lifespan. Gains will be restrained by the relatively high cost of manufacturing new film structures, which can sometimes involve investment in new processing machinery. These and other trends are presented in Barrier Films Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
The food packaging market accounted for 77% of demand for oxygen and other gas barrier films in 2016. According to analyst Ellen Kriz, “Oxygen can induce food spoilage in a number of ways and otherwise damage the texture or visual appeal of almost any kind of food.” Other applications for gas barrier films include pharmaceutical packaging, agricultural silage and fumigation films, and protective films for photovoltaic modules, flexible electronics, and other durable goods.
The pharmaceutical and medical products packaging market will see healthy growth through 2021 due to increased pharmaceutical shipments. Oxygen barriers protect the reactive constituents of medications and the nutritional content of vitamins and other supplements. Moreover, new drug formulations require higher barriers. For example, as the particle size of medications decreases to facilitate absorption in the body, a more robust oxygen barrier is required.
Barrier Films Market in the US (published 04/2017, 165 pages) is available for $5300 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].
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