HBPF for pharmaceuticals will reportedly witness a 5% Compound Annual Growth Rate (CAGR) from 2019-2029, with the market expected to flourish in China, India and Mexico. HBPF are popular within this sector because of the oxygen and moisture barrier attributes, which result in a longer shelf life for pharmaceuticals.
One of the key messages from the report was that packaging manufacturers using HBPF preferred materials such as PolyPropylene (PP), PolyVinyl Chloride (PVC) and PolyAmide (PA) to design and manufacture HBPF.
In the future, there is predicted to be an increase in the demand for packaging advances such as Modified Atmosphere Packaging (MAP) and Controlled Atmosphere Packaging (CAP). These types of packaging will aim to maintain the atmosphere and internal environment within the packaging and maximize the shelf life of the product as a result.