Barrier Materials Market to experience an impressive growth of 8.9% during 2020-2025
January 31, 2020
Barrier materials market is likely to witness an impressive CAGR of 8.9% during the forecast period. The barrier materials market has depicted a substantial growth in the present years, which is expected to soar in the upcoming times. Driven by their properties of resistance against water vapor, aroma, and atmospheric gases, barrier materials are employed in a wide array of end-use industries such as food & beverage, pharmaceutical, cosmetic, and agriculture packaging applications, which is driving the global market.
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Barrier Materials Market Segment Insights:
By Type:
Based on the type, the market is segmented as polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polyethylene napthalate (PEN), and others. The claim for barrier materials is estimated to be significant across various industries such as food & beverage, pharmaceutical, cosmetic, and agriculture in the coming five years, which is driving the growth of this segment.
By End-Use Industry Type
Based on the end-use industry type, the market is segmented as food & beverage, pharmaceutical, cosmetics, agriculture, and others. In terms of volume, the food & beverage segment imposed the market in 2018. The food & beverage segment is estimated to register the highest growth of 5.20% during the forecast period, in terms of volume. The growth in the end-use industry segment is majorly driven by the developing food & beverage and pharmaceutical sectors, majorly in the developing economies.
By Region:
In terms of regions, the rising claim from the emerging economies, such as China and India for barrier materials, increased shelf-life of packaged food products and booming growth of the pharmaceutical packaging industry are the factors that sustain the global barrier materials market in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major players in the barrier materials market are Ashahi Kasei Corporation, Chang Chun Petrochemical Co., Ltd., E. I. Du Pont De Nemours and Company, Kuraray Co., Ltd., Kureha Corporation, Solvay SA, The Nippon Synthetic Chemical Industry Co., Ltd. (Nippon Gohsei), The Dow Chemical Company, Teijin Limited, and Zhejiang Juhua Co., Ltd.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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