HOME Research Insight New Product Developments, Mergers & Acquisitions, Partnerships, and Expansions are Key Growth Strategies Adopted by Leading Players in the Barrier Films Market



New Product Developments, Mergers & Acquisitions, Partnerships, and Expansions are Key Growth Strategies Adopted by Leading Players in the Barrier Films Market


The barrier films market is projected to reach USD 28.58 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022. The use of barrier films for packaging application in the food & beverage and pharmaceutical industries is one of the most significant factors projected to drive the growth of the barrier films market.

Key companies operating in the barrier films market include Amcor (Australia), Sealed Air (US), Bemis (US), Toppan Printing (Russia), Cosmo Films (India), Jindal Poly Films (India), and Berry Global (US).

New product developments, mergers & acquisitions, partnerships, and expansions are key growth strategies adopted by leading players in the barrier films market to expand their geographic reach and enhance their product portfolio. These players are focused on the development of a wide range of barrier films to cater to the increasing demand for these films from various industries, such as food & beverage packaging, pharmaceutical packaging, and agriculture.

Amcor is one of the key players operating in the barrier films market. The company has adopted the strategy of new product launches and acquisitions to enhance its existing line of products and widen its customer base in the barrier films market. For instance, in May 2017, the company launched barrier films, under the brand name, AmLite. These films are used for packaging of coffee and are made available in two versions-one with EVOH laminates and the other with special coatings for aroma protection. In July 2015, Amcor acquired Packaging India Private Limited from Essel Propack (India), a specialty packaging company that offers barrier laminates for various applications. This acquisition enabled Amcor to expand its presence in the barrier films market.

Toppan Printing has adopted the strategy of new product developments, joint ventures, and expansions to strengthen its foothold in the barrier films market. For instance, in September 2017, the company developed a new grade of GL film, the world’s first transparent barrier film that enables digital printing on retort packaging materials. This film was developed in collaboration with HP Inc. (US) and is compliant with HP’s cutting-edge HP Indigo digital presses for flexible packaging. In April 2017, Toppan Printing entered into a joint venture with Max Specialty Films, a flagship manufacturing business of Max Ventures and Industries (India). This agreement strategy enabled Toppan Printing to become a strategic partner to Max Specialty Films. It also helped Toppan Printing enhance its global sales network and lend its expertise in managing the global specialty films business of Max Specialty Films.

Related Reports:

Barrier Films Market by Material (PE, PET, PP, PA, Organic Coatings, Inorganic Coatings), End-Use Industry (Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture), Region (Asia Pacific, North America, Europe) - Global Forecast to 2022

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