Barrier Materials Market Growth Analysis

Market Insights

The barrier materials market was estimated at USD 2.12 Billion in 2021 and is likely to grow at a CAGR of 9.46% from 2022-2028 to reach USD 4.05 Billion in 2028.

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What are barrier materials?

Barrier materials are mainly enclosure or packaging materials that are used for creating a stoppage to block the passage of liquids, air, or even radiation.

Barrier materials can be of different types and some of them to be named are polyvinylidene chloride, ethylene vinyl alcohol, polyethylene naphthalene, and many others. Food and beverages, cosmetics, pharmaceuticals, agriculture, and other industries are the areas where such materials are mostly used.

Driver

The barrier materials market has depicted 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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Key Players

Some of the major players in the 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
• Zhejiang Juhua Co., Ltd.

Segment Analysis

By Type

The market is segmented as polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polyethylene naphthalene (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

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

The rising claim from 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.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

By Type:

• Polyvinylidene Chloride (PVDC) 
• Ethylene Vinyl Alcohol (EVOH) 
• Polyethylene naphthalate (PEN) 
• Others 

By End-Use Industry Type:

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

 By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
• We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].