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Barrier Resins Global Market Report 2023: Surge in Demand for Pharmaceutical Packaging in Developing Economies Propels Growth

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Global Market for Barrier Resins

Global Market for Barrier Resins
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.

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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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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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