Barrier Materials Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Barrier Materials Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Barrier Materials Market Segment Insights:
Type: polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH) and others
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.
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End-Use Industry Type: food & beverage, pharmaceutical and others
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.
A highly/moderately/fragment consolidated Market
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.
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.
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