Global Barrier Resin Market Size Worth $2,41,99.2 Mn By 2032 | CAGR: 5.6%: – Witness the Evolving Trends with ChemView Consulting’s Report

According to a research survey conducted by ChemView Consulting, in 2022, the Global Barrier Resin Market was worth US$ 1,39,87.0 Mn and is expected to grow at a CAGR of 5.6% over the forecast period. The market has shown extensive growth as compared to the CAGR of 4.7% during the period 2017-2021. The market is expected to hit US$ 2,41,99.2 Mn by 2032 end.

It has been predicted that the smart label industry will grow significantly in the upcoming years. The obvious increase in industrial alliances is blamed for the market’s quick expansion. Additionally, it has been predicted that the increasing technical profusion of Barrier Resin would increase the market’s prospects for revenue-generating during the projection period.

Global Barrier Resin Market Dynamics

The growth of advanced manufacturing processes supported by technological innovation and increased consolidation of players has led to the invention of several drugs that directly boost the pharmaceutical packaging industry. This boost has fueled the growth of barrier resins globally. Barrier resins such as PVDC and EVOH are primarily used to protect pharmaceutical products such as sachets, bottle drug labels, and extrusion packaging against light, moisture, oxygen, biological contamination, mechanical damage, and counterfeiting.

Barrier Resin Market 2017-2032: Report Key Highlights:

  • Detailed information on factors that will assist Global Barrier Resin’s growth during the next eight years
  • Assessment of the historical and current Global Barrier Resin Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

Segments Covered in Report

By Nature Type:

  • Flexible packaging
  • Rigid packaging

By Composition Type:

  • Polyvinylidene Chloride
  • Ethylene vinyl Alcohol
  • Polyethylene Naphthalate
  • Polyamide
  • Polyethylene Terephthalate
  • Polyethylene
  • Polypropylene
  • Polyvinyl alcohol
  • Others (PS, PVC, EVA & bio-based)

By End-Use:

  • Food & Beverage
  • Pharmaceutical & Medical
  • Cosmetics
  • Agriculture
  • Industrial
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

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Key Takeaways

By End-Use: These Resins are used for covering and labeling. The main end-users are food and beverages, pharmaceuticals, and cosmetics. According to the study, barrier resins are neutral to sunlight and other atmospheric conditions.

It protects the subjected material or substances from any environmental contamination. Moreover, it does not react to hot food. The food delivery companies depend on these resins for their easy availability and low cost.

Developing countries have a high consumption of packaged foods, which has generously expanded the barrier resin market premium. Extended working life higher tendency toward packaged foods instead of fresh foods have driven the market

By Region: The market is expected to develop most quickly in the North American region during the projected period. It is mostly because of the developing economies in U.S and Canada and expanding sectors, including food and beverages, medicine, and cosmetics. The important firms’ presence in the area is responsible for the growth opportunities in the local market.

Competition Summary

The market for Barrier Resin is rather fragmented. The major players in the market have been taking action to introduce new growth possibilities and increase concentration to adopt different tactics. These market growth techniques include diversifying the company’s portfolio, product improvements, mergers, and acquisitions, launching innovative products, and extending the service or distribution network.

In addition to these endeavors, these market participants have been expanding their investments in various R & D projects to bring technical breakthroughs to the industry services.

Key companies covered in the market study are Kuraray Co Ltd, Exxon Mobil Corporation, and The Dow Chemical Company, Cathay Industries, LyondellBasell Industries.

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