Oxygen Barrier Films & Coatings For Dry Food Market to Grow at 5.43% CAGR

Oxygen Barrier Films & Coatings For Dry Food Market to Grow at 5.43% CAGR

The global oxygen barrier films & coatings for dry foods market reached a robust valuation of USD 985 million in 2018. Thanks to rising demand for dry foods, longer shelf life, and growing online delivery systems, the market will witness unprecedented growth during the 2021-2027 period. The rising demand offered by convenience of online deliver systems, and rising trend of dual-income earner households across emerging countries, the valuation of online delivery systems will likely double by 2025. Moreover, the market continues to bring attractive, and appealing food cuisines with ethnic varieties, traditional ready-to-eat meal with seafood varieties, among others to a mass consumer base with high disposable income. the rising demand for fast-food online, and growing demand for packaging in the e-commerce industry will remain key to growth for players in the oxygen barrier films & coatings for dry food market.

Preservation of Food, and Freshness Remain Key Drivers of Growth

The oxygen barrier films are rising in demand as dry food requires high level of protection from UV light, and moisture. Moreover, it is important for retailer chains to maintain the freshness of foods, and preserve its nutrition. This has led to a significant demand for oxygen barrier coatings, which provide more resistance to spoilage, and improve the shelf life for products. The increased shelf life is highly important for retailers; as worldwide consumers are undergoing dramatic shifts in their eating habits. The growing demand for natural-ingredient based foods, and conventional strong demand for processed food remains key driver of growth in the oxygen barrier films & coatings for dry food market. The shifting consumer preference will also increase due to complementary trends like online deliver systems. The online delivery systems provide further mileage for consumers who are unwilling to travel long-distances, and procure healthy foods, in line with growing demand. Furthermore, rising advancements in packaging with technologies like 3D printing, and growing popularity of niche segments like humidity resistant packaging for e-commerce remain new opportunities for growth for players in the oxygen barrier films & coatings for dry food market.

Metalized Oxygen Barrier Films to Remain Key to Growth with Attractive Packaging Options

The metalized oxygen barrier films and coatings accounted for over 35% share in 2018. The high demand for permeability for gas and oxygen, and attractive packaging makes these coatings an ideal packaging option for retailers. On the other hand, thanks to growing concern among consumers about their wellbeing, the demand for transparent films and coatings will also remain robust. These films will likely account for more than $300 million in the oxygen barrier films and coatings for dry food market. The demand for bags and pouches also remains robust, thanks to growing demand for snacks, and easy-to-cook savoury food items. The growing demand for noodles, rice, cereals, bakery ingredients, and dried soups. The high-performance packaging abilities for packaging goods like packaging trays, and transparent laminates will drive robust growth for the oxygen barrier films & coatings for dry food market.

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