Barrier Resins Global Market Report 2023: Surge in Demand for Pharmaceutical Packaging in Developing Economies Propels Growth
Global Market for Barrier Resins
Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Barrier Resins - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Barrier Resins Market to Reach $3.4 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Barrier Resins estimated at US$2.6 Billion in the year 2022, is projected to reach a revised size of US$3.4 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030. Polyvinylidene Chloride (PVDC), one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$1.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ethylene Vinyl Alcohol (EVOH) segment is readjusted to a revised 3.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $704.2 Million, While China is Forecast to Grow at 5.7% CAGR
The Barrier Resins market in the U.S. is estimated at US$704.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$676.1 Million by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$443.6 Million by the year 2030.
Select Competitors (Total 12 Featured) -
Asahi Kasei Corporation
Chang Chun Petrochemical Co., Ltd.
Dow, Inc.
DuPont de Nemours, Inc.
Honeywell International, Inc.
INEOS Group Ltd.
INVISTA
Kuraray Co., Ltd.
Kureha Corporation
Solvay SA
Teijin Ltd.
The Nippon Synthetic Chemical Industry Co., Ltd. (Nippon Gohsei)
Zhejiang Juhua Co., Ltd.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Attributes:
Report Attribute | Details |
No. of Pages | 258 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $2.6 Billion |
Forecasted Market Value (USD) by 2030 | $3.4 Billion |
Compound Annual Growth Rate | 3.4% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Emergence of Innovative Materials for Packaging across Various Industries Continues to Drive Significant Growth of Barrier Resins
Asia-Pacific: Increasing Need to Prevent Food Contamination in Food Products Drives Demand for EVOH Barrier Resin
Competitive Scenario
Global Barrier Films Market: Percentage Breakdown of Volume Sales by Leading Players for the Year 2019
Global EVOH Resins Market: Percentage Breakdown of Volume Sales by Leading Players for the Year 2019
Global PVDC Resins Market: Percentage Breakdown of Value Sales by Leading Players for the Year 2019
Barrier Resins - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Surge in Demand for Pharmaceutical Packaging in Developing Economies Propels Barrier Resins Growth
Global Pharmaceutical Packaging Market: Revenues in US$ Million for the Years 2018, 2020 and 2022
Global Pharmaceutical Packaging Market: Revenues in US$ Million by Region for the Year 2019
Rise in Demand for Drug Delivery Devices and Blister Packaging Drives PVDC Resins Growth
Global Packaged Food Market: Revenues in US$ Trillion for the Years 2018, 2020 and 2022
Need to Enhance Shelf Life of Packaged Food & Beverages: A Strong Growth Driver
Need for Convenience Food Amidst Rising Women Workforce and Single Households Drives Demand for EVOH Resins
Percentage of Single Person Households in Select Countries for the Years 1960 and 2018
Percentage of Women Workforce Against Total Workforce for the Years 2005, 2010, 2015 and 2020
Growing Urbanization and Rapidly Changing Lifestyle Drive Demand for Sustainable Food Packaging
Transition Towards Bio-Based Barrier Resins Offers Growth Opportunities in the Food Packaging Market
Growing Consumer Awareness about Food Safety Lays a Strong Foundation for the Growth of Barrier Resins
Cosmetics Packaging Garner a Significant Share in the Barrier Resin Market
Global Cosmetic Packaging Market: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
Stringent Regulatory Standards in the US, Europe and China: A Major Restraint
Eco-friendly Substitutes of Barrier Resin in Food and Pharmaceutical Products Poses another Challenge
Innovations and Advancements
BP Polymers Launches Kortrax Barrier Resin for HDPE Containers
TC Releases 100% Recyclable, Multilayer Barrier Stand-up Pouch in North America
Dow Launches Novel Barrier Adhesive for Flexible Packaging
Uflex Unveils Super Barrier Polyester Film
Toray Plastics Launches Third Generation of Torayfan Transparent, High-Barrier Polypropylene Packaging Films
Klockner Pentaplast Unveils New Ultra High-Barrier PVdC Film
Product Overview
What are Barrier Resins?
Uses and Benefits of Barrier Resin
Barrier Resins by Type
EVOH Barrier Resin
PVDC Barrier Resin
PEN Barrier Resin
Applications of Barrier Films
Food and Beverage Packaging Industry
Pharmaceutical & Medical Industry
Cosmetics Industry
Agriculture Industry
Industrial Sector
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/egfbxe
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