VALLEY COTTAGE, New York, March 8, 2018 /PRNewswire/ --
The demand for flexible packaging especially that made ofbiodegradable material is highly in demand today. People are preferring the use of sustainable products for packaging. The packaging industry is also witnessing the introduction of new and innovative packaging types for various applications in the food
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Global Packaging Industry to Witness Increased Demand for Biodegradable High Barrier Packaging
The packaging industry largely accounts for plastic packaging that is non-biodegradable. People in developed countries are very concerned about the adverse effects of plastic use, which is fuelling the market for biodegradable products. Manufacturers are focussing on producing biodegradable high barrier packaging films that can help them stay stronger than other packaging manufacturers in the business. Manufacturers have also come up with techniques like recycling high barrier packaging films. A new technology being launched is Recycle Ready Technology. This technology renders the recycling of polyethylene barrier films with the objective to increase the post-consumer recycling process and reduce packaging waste incineration. The process is an evolution in the recycling process of flexible films that has saved immense cost of manufacturers in the recycling process of flexible films.
APEJ to Become the Fastest Growing Region in the Global High Barrier Packaging Films for Pharmaceuticals Market
According to the research report, the North America regional market is expected to hold the highest market size of over US$ 200 Mn by the end of 2027. However, in terms of growth rate, APEJ is expected to dominate the global market with a projected CAGR of 7.2% during the forecast period. Latin America is in close competition with APEJ in terms of growth and is expected to grow at the rate of 7.0% during the forecast period.
Preview Analysis on High Barrier Packaging Films for Pharmaceuticals Market Segmentation By Product Type - Cold-formable Films, Coextruded Films, Thermo-formable Films; By Material Type - Aluminum, PVC/PvdC, Polypropylene, Ethylene Vinyl Alcohol (EVOH),Polyamide (PA),Polyethylene Terephthalate (PET), Polyethylene (PE),Others (COC, PFTFE, etc.); By Application Type - Bags & Pouches, Blisters: https://www.futuremarketinsights.com/reports/high-barrier-packaging-films-for-pharmaceuticals-market
High Barrier Packaging Films for Pharmaceuticals Market: Competitive Landscape
The report lists all the key players leading in the global high barrier packaging films for pharmaceuticals market. It also presents a brief profile of all these major players. Some of the key players mentioned in report are Amcor Limited, Uflex Ltd., Bemis Company, Inc., Winpak Ltd., The Mondi Group plc, Berry Global Group Plc, Constantia Flexibles, Glenroy, Inc, Toray Plastics (America), Inc., Cleplast Metallized Products Ltd. etc.
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