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Indonesia Multilayer Barrier Films Market - Forecast(2023 - 2028)
Indonesia Multilayer Barrier Films Market Overview
The Indonesia multilayer
barrier films market size is forecasted to reach US$75 million by 2027, after growing
at a CAGR of 6% during the forecast period 2022-2027. Multilayer barrier films
are majorly used as packaging films specifically in food and beverages industry.
These are also referred to as co-extruded films as these are manufactured using
multilayer coextrusion process. The several layers and combination of different
materials improves the physical and mechanical properties of film such as heat
and tear resistance, puncture resistance, and enhance the moisture barrier properties.
The reactive and non-reactive nanoparticles are utilized in the manufacturing
of barrier films in order to seal the defects and retain the moisture and
oxygen. Titanium dioxide, calcium carbonate, and silicon dioxide are used as
inorganic fillers in the production of thermo formable multilayer barrier film.
Polyaniline thin films are manufactured using chemical polymerization of
aniline with a substrate of polyethylene terephthalate.
Many industries
across the globe have faced several challenges due to the COVID-19 pandemic.
The industries such as cosmetic and personal care and food and beverages, including
many others have experienced pitfalls. The production and demand in cosmetic
and personal care industry has declined due to an interrupted supply chain and
cessation in transportation. Also,
according to L’Oréal, in 2020, the Q1 cosmetics sale of the company declined by
8%. Thus, the pause in industrial production and
distribution, the demand and consumption of multilayer barrier films has
hampered to an extent in several industries in Indonesia. Moreover, decrease in
the demand for flexible electronics has also hampered the market growth during
the pandemic.
Report Coverage
The “Indonesia Multilayer Barrier Films Market Report
– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the
following segments of the Indonesia multilayer barrier films industry.
Key Takeaways
- The remarkable growth in food and beverages is driving the growth of Indonesia multilayer barrier films market.
- Multilayer barrier films play an important role in several applications such as food flavor, medical and pharmaceutical, and personal care and cosmetics which is expected to provide significant growth opportunity for the market.
- Increase in demand from medical and healthcare sector is expected to provide substantial growth opportunities for the industry players.
Figure: Indonesia Multilayer Barrier Films Market Revenue, 2021-2027 (US$ Million)
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Indonesia Multilayer Barrier Films Market Segment Analysis – By Material
Polyethylene segment
held the largest Indonesia multilayer barrier films market share in 2021, with
a share of over 25%. Material plays an important role in the production of
multilayer barrier films in order to produce safe packaging and provide barrier
to moisture and gases to ensure prolong shelf life. Polyethylene is considered
as one of the most commonly used and cheapest source of packaging film. It is
easy to process while producing barrier film. It is largely combined with other
aroma barrier material such as PA
and EVOH. It is widely preferred material in the manufacturing of food packaging.
On May 2022, NS Packaging has stated that Smurfit Kappa has planned to invest
US$35 million to construct a new corrugated packaging plant in Morocco. Thus, the
growth in packaging industry is expected to fuel the demand for multilayer
barrier films during the forecast period.
Indonesia Multilayer Barrier Films Market Segment Analysis – By End Use Industry
The food and beverages segment is expected to grow at a fastest CAGR of 6.6% during the forecast period in the Indonesia multilayer barrier films market. Multilayer barrier films play a significant role in food packaging in order to retain flavors and aroma and ensure the extended shelf life of the product. These films keep the freshness of food for a longer period of time by effectively blocking oxygen transmission and water vapor. Increase in working population, change in lifestyle, and surge in demand for fast food is further propelling the demand for multilayer barrier films in food packaging. Thus, increase in demand from food and beverages sector is boosting the demand for multilayer barrier films market.
Indonesia Multilayer Barrier Films Market Drivers
Surge in demand from medical and healthcare
The products in medical and healthcare sector are more susceptible
to external environment owing to their composition. It is very important to
keep these products away from moisture, chemical, oxygen, and UV light in order
to increase their shelf life and quality. These films allow visibility of
package content and provide resistance to external environment. Moreover,
stringent government regulation related to the effective packaging for medical
and pharmaceutical products also led to increase in demand for multilayer
barrier films in medical and healthcare industry. Owing to the government
regulations, healthcare industry has replaced metal and glass packaging
material with barrier films for specialized packaging. According to ASEAN
Briefing, more than 1.2 million Indonesians spend around US$2 billion o
healthcare overseas annually. Thus, aforementioned factors depicts that the
growth on medical and pharmaceutical industry is increasing the demand for
multilayer barrier films market.
Significant Growth in Food and Beverages Industry
The rapid population increase and adoption of healthy and
sustainable diet has led to increase in demand for food items, thereby
increasing the production level of food items. The increase in demand for food has
also boosted the demand for effective food packaging materials. In food industry,
protecting and preserving food and extending the shelf life of the products are
the major challenges. Multilayer barrier films facilitate the protection of
attributes such as texture, flavor, and taste of the food for a longer period
of time. According to Business Indonesia, manufacturing of Food and Beverages
accounted for 6.4% of GDP and 29% of all manufacturing output. Thus, with the
significant growth in the food and beverages industry, the demand for
multilayer barrier films has increased.
Indonesia Multilayer Barrier Films Market Challenges
Issues related to the degradability of multilayer barrier films
Multilayer barrier film owns several benefits such as low cost and
superior barrier properties. The flexible nature of these films closely fit to
the shape of the food, thereby, prevent leakage, gases, and moisture. However,
these films are manufactured using non-renewable resources, thus, are not
biodegradable. These films are mainly used in food and beverages and healthcare
industry and the non-biodegradable nature of these films is hampering the
demand for these films on large scale. However, surge in research and
development in the production of multilayer barrier films from renewable
resources is expected to reduce the impact in coming of this factor in coming
year.
Indonesia Multilayer Barrier Films Industry Outlook
Indonesia multilayer barrier films market top 10 companies include -
- Amcor plc
- Mondi
- Toppan Inc.
- Sealed Air Corporation
- Printpack Inc.
- Berry Plastics Corporation
- Linpac Packaging Limited
- Sonoco Products Company
- Bemis Company Inc.
- Flair Flexible Packaging Corporation
Relevant Reports
Barrier Films Market -
Forecast(2022 - 2027)
Report Code: CMR 86584
Barrier Resins Market - Forecast(2022 - 2027)
Report Code: CMR 0624
Metalized Barrier Films Market - Forecast(2022 - 2027)
Report Code: CMR 21412
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