The barrier films market is projected to reach USD 28.58 billion by 2022, at a CAGR of 5.0% from 2017 to 2022. This growth can be attributed to the increasing demand for barrier films in various end-use industries, such as food & beverage packaging, pharmaceutical packaging, and agriculture. Additionally, the increasing use of barrier films in flexible electronics is a key factor projected to drive the growth of the barrier films market. These films form a suitable replacement for glass in solar panels, owing to their properties, such as barrier against moisture and excellent weather ability.
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The barrier films market has been segmented on the basis of material, end-use industry, and region. Based on end-use industry, the agriculture segment of the barrier films market is projected to grow at the highest CAGR between 2017 and 2022 both, in terms of value and volume. This growth can be attributed to the increasing use of barrier films for the purpose of fumigation. Fumigation is intended to control soil-borne pathogens, such as fungi, nematodes, bacteria, and weeds. In the agricultural sector, barrier films are used as a fumigant vapor barrier as well as a moisture barrier to help improve the quality of crops. Barrier films are also used for the purpose of sheeting, as they help sterilize the soil and prevent the growth of pests, bacteria, and fungi.
Based on material, the inorganic oxide coatings segment of the barrier films market is projected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth can be attributed to the superior properties of inorganic oxide coatings such as lightweight, improved flexibility, and excellent barrier against oxygen. These characteristics make inorganic oxide coatings a preferred material for the development of barrier films.
Asia Pacific led the barrier films market in 2016, owing to the presence of key manufacturers of barrier films in this region. The barrier films market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth is mainly driven by the increasing applicability of barrier films in various end-use industries, such as food & beverage packaging and pharmaceutical packaging. The agriculture end-use industry segment in the Asia Pacific region is expected to witness significant growth in the near future, owing to the high demand for silage films and mulch films. Increase in the number of retail chains in Asia Pacific countries and rise in agricultural exports are additional factors contributing to the growth of the agriculture end-use industry segment in this region.
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To know about the assumptions considered for the study, DOWNLOAD PDF BROCHURE
The barrier films market has been segmented on the basis of material, end-use industry, and region. Based on end-use industry, the agriculture segment of the barrier films market is projected to grow at the highest CAGR between 2017 and 2022 both, in terms of value and volume. This growth can be attributed to the increasing use of barrier films for the purpose of fumigation. Fumigation is intended to control soil-borne pathogens, such as fungi, nematodes, bacteria, and weeds. In the agricultural sector, barrier films are used as a fumigant vapor barrier as well as a moisture barrier to help improve the quality of crops. Barrier films are also used for the purpose of sheeting, as they help sterilize the soil and prevent the growth of pests, bacteria, and fungi.
Based on material, the inorganic oxide coatings segment of the barrier films market is projected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth can be attributed to the superior properties of inorganic oxide coatings such as lightweight, improved flexibility, and excellent barrier against oxygen. These characteristics make inorganic oxide coatings a preferred material for the development of barrier films.
Asia Pacific led the barrier films market in 2016, owing to the presence of key manufacturers of barrier films in this region. The barrier films market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth is mainly driven by the increasing applicability of barrier films in various end-use industries, such as food & beverage packaging and pharmaceutical packaging. The agriculture end-use industry segment in the Asia Pacific region is expected to witness significant growth in the near future, owing to the high demand for silage films and mulch films. Increase in the number of retail chains in Asia Pacific countries and rise in agricultural exports are additional factors contributing to the growth of the agriculture end-use industry segment in this region.
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