Barrier Resins Market by Type, Application and Region - Global Forecast to 2026

Dublin, Sept. 02, 2021 (GLOBE NEWSWIRE) -- The "Barrier Resins Market by Type (PVDC, EVOH, PEN), Application (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Industrial), and Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The barrier resins market exhibits high growth potential and is projected to reach a market size of USD 16.6 billion by 2026 from USD 12.4 billion in 2021, at a CAGR of 5.9 %.

The market growth is being led by the ease of use and customization of barrier resins products. The growth is supported by increasing demand in the food & beverage packaging industry and APAC as the largest market.

The major drivers for the market are increased demand for barrier resins in various packaging industry namely Food & Beverage, cosmetics, pharmaceutical & medical and many more. Environmental regulations have restricted the use of some resins in Europe and it may become an issue in other regions as well. Organic barrier resins are getting popular in the packaging industry and among consumers. There are various bio-based barrier resins available in the market, for instance, green materials such as sugarcane and bioplastics whose acceptance by a manufacturer as well as the consumer may be a challenge.

The largest segment in the market is PVDC.

PVDC has been a staple part of food packaging for a long time but in recent years alternatives for PVDC has been developed which are more sustainable and less harmful. PVDC disintegrates at a comparatively lower temperature which creates an issue in recycling. EU recently banned or restricted the use of PVDC in various regions. The latest G7 summit focused on reducing carbon footprint and sustainable practices, even with the concerns PVDC markets shows growth driven by high barrier properties and the reduced waste in the supply chain. The increase in flexible food packaging increases the demand of PVDC resins.

The Pharmaceutical & medical industry will emerge as the fastest-growing segment by 2026.

Advancement in manufacturing techniques and continuous development in the barrier resins have resulted in increasing demand of barrier resins in the pharmaceutical industry. This growth is expected to be the highest in the emerging economies such as Brazil, India, and China, as it is supported by an increase in wealth and growing consciousness about improved healthcare facilities and healthier lifestyles. The COVID-19 outbreak increased the demand of single use and packaged medical products which resulted in increased demand of barrier resins as well.

APAC is the largest market in all end-use industries due to the presence of major developing economies and large populations.

APAC is the largest market for barrier resins, accounting for a share of 42.5%, in terms of value, in 2020. The growing packaging industry and the increasing demand in the agriculture sector are the factors driving the barrier resins market in the region.

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Barrier Resins Market
4.2 Barrier Resins Market, by Resin Type
4.3 APAC: Barrier Resins Market Share, by End-Use Industry and Country
4.4 Global Barrier Resins Market: Major Countries
4.5 Barrier Resins Market: Developed Vs. Developing Countries

5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.2.1 Barrier Resins Market: Supply Chain Ecosystem
5.2.2 COVID-19 Impact on Value Chain
5.2.2.1 Action Plan Against Such Vulnerability
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Use of Barrier Resins in Major End-Use Industries
5.3.1.2 Enhanced Shelf Life of Packaged Food Products
5.3.1.3 Urbanization and Changes in Lifestyle Driving the Food Packaging Market
5.3.1.4 Growing Demand from Emerging Economies
5.3.1.4.1 Demand for a Longer Shelf Life of Food Products
5.3.1.4.2 Increasing Demand for Customer-Friendly Packaging
5.3.1.4.3 Rising Number of Retail Chains in Developing Countries
5.3.1.4.4 Downsizing of Packaging
5.3.2 Restraints
5.3.2.1 Susceptibility to Degradation
5.3.2.2 Volatile Raw Material Prices
5.3.3 Opportunities
5.3.3.1 Biodegradable Barrier Resins
5.3.3.2 Increasing Use of Agricultural Films
5.3.3.3 Growing Applications of Barrier Films in the Electronics Industry
5.3.4 Challenges
5.3.4.1 Issue Related to Recycling of Barrier Resins
5.4 Porter's Five Forces Analysis
5.5 Macroeconomic Indicators
5.6 COVID-19 Impact Analysis
5.7 Average Pricing Analysis
5.8 Barrier Resins Ecosystem
5.8.1 Yc and Ycc Shift
5.9 Operational Data and Key Industry Trends
5.9.1 Pharmaceutical Sales Globally 2017-2020
5.9.2 Packaged Food Sales Globally 2017-2019
5.10 Barrier Resins Patent Analysis
5.11 Policy and Regulations
5.12 Trade Analysis
5.13 Case Study Analysis
5.14 Technology Analysis

6 Barrier Resins Market, by Type
6.1 Introduction
6.1.1 Flexible Packaging
6.1.1.1 The Focus is Shifting Toward the Development of Bio-Based Resins and Ease of Decomposition of the Barrier Layers
6.1.2 Rigid Packaging
6.1.2.1 The Industry Trends are Shifting Toward Flexible Packaging

7 Barrier Resins Market, by Resin Type
7.1 Introduction
7.1.1 Polyvinylidene Chloride (Pvdc)
7.1.1.1 The Market Growth is Driven by the Food Packaging Industry
7.1.2 Ethylene Vinyl Alcohol (Evoh)
7.1.2.1 The Market is Driven by the Superior Barrier Properties of Evoh
7.1.3 Polyethylene Naphthalate (Pen)
7.1.3.1 The Market is Driven by the Pen Bottles Used in the Beverage Industry
7.1.4 Polyamide (Pa)
7.1.4.1 The Market Continues to Grow due to the Versatile Uses and Excellent Barrier Properties
7.1.5 Polyethylene Terephthalate (Pet)
7.1.5.1 Pet is in Demand in Various End-Use Industries due to Its Recyclability
7.1.6 Polyethylene (Pe)
7.1.6.1 Ldpe is the Most Inexpensive Plastic Film
7.1.7 Polypropylene (Pp)
7.1.7.1 Properties of Pp Films Can be Enhanced and Modified to Suit the Demand
7.1.8 Polyvinyl Alcohol (Pva/Pvoh)
7.1.8.1 Pva/Pvoh are Water-Soluble and Toxin-Free
7.1.9 Others (Ps, Pvc, Eva, and Bi0-Based)

8 Barrier Resins Market, by End-Use Industry
8.1 Introduction
8.2 Food & Beverage
8.2.1 Protected and Convenience Food Packaging are the Driving Forces of Growth
8.3 Pharmaceutical & Medical
8.3.1 Increased Demand for Medical Products During the Pandemic Drove the Demand
8.4 Cosmetics
8.4.1 Focus on Innovative Packaging Solutions to Drive the Demand
8.5 Agriculture
8.5.1 APAC is the Largest Market for Agricultural Products
8.6 Industrial
8.6.1 Compatibility of Barrier Resins with Chemical Packaging is Increasing Their Demand
8.7 Others

9 Barrier Resins Market, by Region

10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis
10.2.1 Market Ranking Analysis
10.3 Revenue Analysis of Key Players in the Past Five Years
10.4 Company Evaluation Quadrant, 2020
10.4.1 Star
10.4.2 Emerging Leaders
10.4.3 Pervasive
10.4.4 Participants
10.5 SME Matrix, 2020
10.5.1 Progressive Companies
10.5.2 Dynamic Companies
10.5.3 Starting Blocks
10.5.4 Responsive Companies
10.6 Strength of Product Portfolio
10.7 Business Strategy Excellence
10.8 Competitive Scenario
10.8.1 Market Evaluation Framework
10.8.2 Market Evaluation Matrix
10.9 Strategic Developments
10.9.1 Mergers & Acquisitions
10.9.2 Investments & Expansions
10.9.3 New Product Launches
10.9.4 Joint Ventures, Agreements, and Partnerships

11 Company Profiles
11.1 Key Companies
11.1.1 Asahi Kasei Corporation
11.1.2 Kuraray Co. Ltd.
11.1.3 Exxon Mobil Corporation
11.1.4 The Dow Chemical Company
11.1.5 Lyondellbasell Industries
11.1.6 Sabic
11.1.7 Borealis Ag
11.1.8 Mitsubishi Chemical Corporation
11.1.9 E.I Dupont De Nemours and Company
11.1.10 Sinopec
11.2 Other Players
11.2.1 Braskem S.A.
11.2.2 Tenjin Limited
11.2.3 Kureha Corporation
11.2.4 Solvay S.A.
11.2.5 Lg Chem
11.2.6 Hanwha Total Petroleum
11.2.7 Toray Industries
11.2.8 Arkema
11.2.9 Mitsui Chemicals, Inc.
11.2.10 Formosa Plastics Corporation
11.2.11 Ineos

12 Adjacent/Related Markets

13 Appendix

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