The global barrier material market size is expected to expand at a substantial CAGR of 5.5% during the forecast period, 2021–2028. The growth of the market is attributed to the growing need to extend the shelf life of packaged foods.
Barrier materials are several packaging and enclosure alternatives that are meant to reduce or eliminate gas, liquid, or radiation permeability. They protect the packaged contents from oxygen, nitrogen, carbon dioxide, water vapors, fragrance chemicals, and light while maintaining its quality, and keep food fresh for longer.
Glass, metal, plastic, and laminated films are some of the most often utilized barrier materials. They're frequently combined with polypropylene, polyethylene, polyamide, ethylene vinyl alcohol, polylactic acid, and ethylene-vinyl acetate for better sealing, optical clarity, and a variety of other mechanical and barrier characteristics. Wet meals retain moisture, while dry meals absorb it, due to barrier materials. Further growth-inducing elements include product developments such as the introduction of bio-based barrier materials. These bio-barriers are reusable, compostable, and biodegradable in comparison to traditional materials.
The report on the global barrier material market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Barrier Material Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Ethylene Vinyl Alcohol (EVOH), Polyvinylidene Chloride (PVDC), Polyethylene naphthalate (PEN), and Others), and End-user Industries (Food and Beverages, Agriculture, Pharmaceuticals, Automotive, Cosmetics, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Toppan Printing Company Ltd; The Nippon Synthetic Chemical Industry Co. Ltd; Teijin Limited; Solvay; Mondi; Kureha Corporation; Kuraray Co. Ltd; Dow DuPont; Coexpan; Asahi Kasei Corporation; Arkema; and 3M |
Polyvinylidene chloride (PVDC) segment is projected to hold a key market share
Based on types, the global barrier material market is divided into ethylene vinyl alcohol (EVOH), polyvinylidene chloride (PVDC), polyethylene naphthalate (PEN), and others. The polyvinylidene chloride (PVDC) segment is expected to account for a key share of the market during the forecast period owing to its versatile polymer that is made by polymerizing vinylidene chloride monomer with a variety of monomers, including unsaturated carboxyl groups and acrylic esters. It's widely utilized in high-performance packaging for medical, cosmetics, and food and beverage applications. PVCs are increasingly favored over other varieties because they are clear, glossy, recyclable, scratch-proof, and printable.
Food and beverages segment is expected to grow at a significant pace
In terms of end-user industries, the market is segregated into food and beverages, agriculture, pharmaceuticals, automotive, cosmetics, and others. The food and beverages segment is expected to hold a key share of the market in the coming years due to barrier materials play a vital role in prolonging the shelf life of food items, avoiding spoilage, decreasing waste, and ensuring that products are delivered to consumers in the best possible condition for their desired uses.
Changes in customer tastes and preferences, as a result of the availability of a wide range of foodstuffs, as well as greater consumer health awareness, have raised the demand for perishable food items.
Consumer demand for ready-to-eat meals has grown as a result of on-the-go lifestyles, longer working hours, longer commute times, and a less desire to prepare food. This has resulted in a rise in global demand for packaged foods.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the global barrier material market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to the rise in industrialization and manufacturing activity has been fueled by increased demand for barrier materials. The market for barrier materials in Asia Pacific has evolved as a result of a growing focus on health care and social security.
Key players competing in the global barrier material market are Toppan Printing Company Ltd; The Nippon Synthetic Chemical Industry Co. Ltd; Teijin Limited; Solvay; Mondi; Kureha Corporation; Kuraray Co. Ltd; Dow DuPont; Coexpan; Asahi Kasei Corporation; Arkema; and 3M. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
Key players competing in the global barrier material market are Toppan Printing Company Ltd; The Nippon Synthetic Chemical Industry Co. Ltd; Teijin Limited; Solvay; Mondi; Kureha Corporation; Kuraray Co. Ltd; Dow DuPont; Coexpan; Asahi Kasei Corporation; Arkema; and 3M. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
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