Rockville, MD -- (SBWIRE) -- 05/10/2018 -- The global market discussion on mylar bags can be found in an upcoming report titled "Mylar Bags Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028", which is going to be published in the wide database of Fact.MR.
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.
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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.
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.
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.
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Global Mylar Bags Market: Growth Contributors & Impact Analysis
The major contributors to the growth of the mylar bags market is the rise of the on-the-go lifestyle which has led to the advent of mylar bags for food storage & preservation over a long period of time. On-the-go lifestyle is highly impacting the growth of the global mylar bags market.
Apart from food industry, the diversified application of mylar bags in other verticals such as pharmaceuticals, chemicals etc. is also impacting the growth of the global mylar bags market.
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.
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