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(IT-NEWSWIRE.COM, October 31, 2018 ) The mylar bags market finds a host range of applications where high barrier packaging is needed to achieve protection against oxygen, moisture and light. Mylar or BoPET (Biaxially-oriented polyethylene terephthalate) is polyester known for moisture resistance, chemical stability, aroma barrier properties, electrical insulation and high tensile strength. Owing to these properties, mylar bags are highly sought after for flexible packaging solutions in food & beverage and electronic industries. Mylar bags are also used for packaging audio media such as vinyl records and compact discs. A surge in demand for flexible packaging is likely to augur well for the Mylar Bags Market in coming years.
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A current trend of laminating aluminium foil in mylar bags is popular where air transfer is almost nullified. Such aluminium foil bonded mylar bags provide high puncture resistance than any other bags made up of metallized polyester films. Manufacturers in the mylar bags market deliver a wide range of packaging solutions made up of mylar bags such as mini pouches, zipper pouches, spout, standup pouches, drum liners as well as custom-made packaging solutions. As an important end user of the mylar bags market, food and beverage industry presents lucrative opportunities for food-grade mylar bags market in the foreseeable future.
Global Mylar Bags Market: Overview
Food packaging industry is witnessing a change in its market dynamics mainly influenced by demographic conditions, new customer demands, growing purchasing power in emerging markets and an increasing use of technical facilities. These bags are made up of BoPET film which possess high barrier properties, a highly recommended property for food packaging.
Along with this, key manufacturers of films such as Uflex Ltd are also introducing super barrier polyester films that not only offer high flexibility but also offer excellent barrier-to-gas properties.
Since high shelf life of the product is of high significance and mylar bags also eliminate the presence of oxygen from the packaged product, they are increasingly being used in the food packaging industry.
Global Mylar Bags Market: Segmentation
The global mylar bags market is segmented on the basis of bag type, capacity, end use industry, and geography.
On the basis of bag type, the global mylar bags market is segmented into
Re-closable mylar bag
Open end mylar bag
Re-closable mylar bag segment is expected to account for a larger market share as compared to open end mylar bag particularly due to its reusability feature. Contrary to this, open end mylar bag have to be discarded after using it once.
On the basis of capacity, the global mylar bags market is segmented into
0-1 gallon
1-2 gallon
2-4 gallon
Above 4 gallon
On the basis of end use industry, the global mylar bags market is segmented into
Food
Dairy Products
Fresh Produce
Meat, poultry & Seafood
Ready-to-eat food
Others
Pharmaceuticals
Ready-to-eat-food segment is the major end user of mylar bags and is expected to account for a relatively high market share with the concept of on-the-go lifestyle gaining traction. This trend is ultimately propelling the sales of ready-to-eat food.
On the basis of geography, the global mylar bags market is segmented into
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Constant innovation is the key mantra for industry participants to sustain their share in today’s competitive scenario. North America is not only a highly competitive market but also stays upfront in terms of innovation, hence the region is expected to lead the global mylar bags market.
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Asia Pacific is expected to expand at the highest CAGR. The growth of the region can be attributed to an increase in the purchasing power of individual further fuelling the growth of on-the-go lifestyle leading to high consumption of mylar bags.
Global Mylar Bags Market: Competitive Landscape & Innovation
Some of the key players operating in the global mylar bags market are Uline Company, ShieldPro Flexible Packaging, LLC, IMPAK Corporation, PackFresh USA, Impak Corporation, Sorbent Systems, Protective Packaging Corporation, Ningbo Norent Plastic Prouduct Co., Ltd., and Fine Package Co., Ltd.
Mylar is a trademark of DuPont Tejin Films and the company has introduced a lot of variants of BoPET films over a period of time. Some of the BoPET films variants include flame retardant films, anti-fog mylar films, and dual ovenable mylar films to name a few.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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