SiOx Barrier Films Market Size, Share, Growth and Industry Analysis by Type (Siox PET, Siox OPA, And, Others) By Application (Food & Beverage Packaging, Electronic Parts Packaging, Medical Packaging, And Others), Regional Insights and Forecast To 2032

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SIOX BARRIER FILMS MARKET REPORT OVERVIEW

The global siox barrier films market size was USD 0.84 billion in 2023 and is projected to grow from USD 0.88 billion in 2024 to USD 1.29 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period. Asia-Pacific holds leading position in siox barrier films market share in 2023.

These barrier films offer and provide many kinds of transparent barrier substrates which include polyester, nylon, polypropylene and many others. They also have a wide variety of application in the field of pouches, tubes, laminates and lidding.

There have been several developments and discoveries in this field. These discoveries have given rise to many growth opportunities. Biodegradable barrier films are finding greater demand and application in the market worldwide. A combination of SiOx- coated and PLA uses biodegradable thermoplastic polymer. These are identified as the newest and the latest trend in the market. New types of SiOx barrier films are being launched these days that have various applications in different fields.

The newly introduced ones are biodegradable, much more efficient and very accurate. Advanced techniques such as Modified Atmosphere Packaging (MAP) are being implemented. Also, the usage of SiOx barrier is very helpful in closing up any holes or gaps. These acts as the factors driving the market growth.

COVID-19 impact: Decline in The Value of Packaging Industry Reduced the Market Growth

COVID-19 was one such deadly disease that affected the entire world and all the industries. The barrier films industry also became a victim of the pandemic. During COVID-19 there were many restrictions and lockdowns that were imposed. This was one of the major reasons for the decrease in the market share.

The SiOx barrier films are directly dependent on the packaging industry. The fall of this industry during the pandemic brought down the SiOx barrier films market share. The disruption in the supply chain and the unavailability of raw materials was also a crucial reason for the downfall of the market. However, post the pandemic the market recovered quickly and is anticipated to grow well in the upcoming years.

LATEST TRENDS

"Biodegradable Barrier Films to Increase the Market Growth"

Many creative and innovative changes are being witnessed in the above market recently. New types of barrier films are being launched these days that have various applications in different fields. The newly introduced SiOx barrier films are biodegradable, much more efficient and very accurate.

Biodegradable barrier films are finding greater demand and application in the market worldwide. A combination of SiOx- coated and PLA has biodegradable thermoplastic polymer. This is made from renewable sources such as corn. They also create a barrier against oxygen and water vapor. These film barriers are now getting high demand and are latest trend in the market.

SIOX BARRIER FILMS MARKET SEGMENTATION

• By Type

The market can be divided on the basis of type into the following segments: SiOx PET, SiOx OPA, and, Others. The SiOx PET segment is anticipated to dominate the market during the forecast period.

• By Application

Classification based on application into the following segment: Food & beverage packaging, electronic parts packaging, medical packaging, and others. The food & beverage segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Increasing Usage of SiOx Barrier Films in Packaging Industry to Fasten the Market Growth"

The barrier films industry has seen a robust growth and expansion in the recent days especially after the pandemic period. Many reasons have contributed to this expansion. The major factor being the extensive use of these film barrier for commercial purpose. There has been a rising global demand for these barrier films recently.

The SiOx barrier films are increasingly being adopted in the packaging industry. Advanced techniques such as Modified Atmosphere Packaging (MAP) are being implemented. Here the packaging of the food products take place in a surrounding or environment where gases are removed. SiOx barrier films are very useful in this process. This acts as a major factor driving the market growth.

"High Barrier Against Gases, Aromas and Water Vapor to Propel Market Growth "

Apart from being used in the packaging industry this product also has increasing demand from other industries. This has been one of the major reasons for the SiOx barrier films market growth in the recent years.

Also, the usage of SiOx barrier is very helpful in closing up any holes or gaps. Hence, they are very effective in creating a barrier to prevent the escaping of water vapors, gases or even aromas. They form a smooth, impermeable and even layer. All of these factors are prone to bring vast growth opportunities for the market in the upcoming years.

RESTRAINING FACTOR

"High Cost of SiOx Barrier Films to Decrease the Market Growth"

These films are very handy. They can be used very easily. They also help in packaging food and preventing the spoilage of food materials. However, even with all these advantages, these films are considered costly.

This can be considered as one of the major restraining factors for the SiOx market share. As a result, this product cannot be afforded by everyone, which decreases its demand as well as the market share. The post maintenance cost that is involved is also high and adds on to the overall expense of the product. This can be considered as a major factor restraining the industrial growth of the product.

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SIOX BARRIER FILMS MARKET REGIONAL INSIGHTS

"North America to Dominate Market Share in The Upcoming Years"

The region that predominantly dominates the market is North America. It holds the largest market share generating high revenue and profits. After North America Asia Pacific occupies the next position in the market share. North America accounts for more than one-fourth of the market.

Many reasons have contributed to the growth of the market in this region. The most important factor is the growth of the packaging and food industry in the region. The huge investments coming in from the key industry players has also made this region the leading market.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List Of Top SiOx Barrier Films Companies

• Mitsubishi Chemical (Japan)
• Toppan (Japan)
• Dai Nippon Printing (Japan)
• Toyobo (U.S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.