Barrier Resins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Polyvinylidene Chloride (PVDC), Ethylene Vinyl Alcohol (EVOH), Polyethylene Naphthalate (PEN)), By Application (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Others) By Region, and Competition 2018-2028

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Barrier Resins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Polyvinylidene Chloride (PVDC), Ethylene Vinyl Alcohol (EVOH), Polyethylene Naphthalate (PEN)), By Application (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Others) By Region, and Competition 2018-2028

In September 2022, the production volume of processed paper and cardboard in China was approximately 11.1 million metric tons.

However, the main challenges facing the market for barrier resins are rising prices, tight regulatory requirements, environmental regulations, and political standards. The demand for Barrier Resins is also anticipated to increase during the projected period as more application sectors choose sustainable packaging solutions due to regulatory restrictions.

The market for barrier resin is expanding as consumers desire food goods to last longer on the shelf. The demand for food goods with extended shelf lives has been rising. In food and beverage packaging, barrier resins seal out gases and protect items from moisture. They give the food a longer shelf life and better consistency, shield it from UV radiation and odors, and safeguard the food's nutrient content in the process.

IBEF adds that one of the most significant industries in the nation is food processing, which generates 70% of its revenue from retail and accounts for 32% of the country's overall food market while ranking fifth in production, consumption, and exports.

Growing Technological Advancement for Sustainable Development

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Market Segmentation

Global Barrier Resins market is segmented by type and application type. Based on product type, the market is divided into polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polyethylene naphthalate (PEN). Based on application, the market is segmented into food & beverage, pharmaceutical & medical, cosmetics, agriculture, others.

Market Players

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

           Type

           Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Canada, Mexico; China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, Argentina, Colombia; South Africa, UAE, Saudi Arabia, Turkey, and Egypt.

Key companies profiled

Asahi Kasei Corporation, Chang Chun Petrochemical Co. Ltd., Du Pont de Nemours, Honeywell International, Inc., Mitsui Chemicals Inc., LG Chem, Teijin Limited, The Dow Chemical Company, The Nippon Synthetic Chemical Industry Co., Ltd, and Kuraray Co., Ltd

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