Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Barrier Resins - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Barrier Resins Market to Reach $3.4 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Barrier Resins estimated at US$2.6 Billion in the year 2022, is projected to reach a revised size of US$3.4 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030. Polyvinylidene Chloride (PVDC), one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$1.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ethylene Vinyl Alcohol (EVOH) segment is readjusted to a revised 3.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $704.2 Million, While China is Forecast to Grow at 5.7% CAGR
The Barrier Resins market in the U.S. is estimated at US$704.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$676.1 Million by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$443.6 Million by the year 2030.
Select Competitors (Total 12 Featured) -
- Asahi Kasei Corporation
- Chang Chun Petrochemical Co., Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Honeywell International, Inc.
- INEOS Group Ltd.
- INVISTA
- Kuraray Co., Ltd.
- Kureha Corporation
- Solvay SA
- Teijin Ltd.
- The Nippon Synthetic Chemical Industry Co., Ltd. (Nippon Gohsei)
- Zhejiang Juhua Co., Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 258 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.6 Billion |
| Forecasted Market Value (USD) by 2030 | $3.4 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Emergence of Innovative Materials for Packaging across Various Industries Continues to Drive Significant Growth of Barrier Resins
- Asia-Pacific: Increasing Need to Prevent Food Contamination in Food Products Drives Demand for EVOH Barrier Resin
- Competitive Scenario
- Global Barrier Films Market: Percentage Breakdown of Volume Sales by Leading Players for the Year 2019
- Global EVOH Resins Market: Percentage Breakdown of Volume Sales by Leading Players for the Year 2019
- Global PVDC Resins Market: Percentage Breakdown of Value Sales by Leading Players for the Year 2019
- Barrier Resins - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Surge in Demand for Pharmaceutical Packaging in Developing Economies Propels Barrier Resins Growth
- Global Pharmaceutical Packaging Market: Revenues in US$ Million for the Years 2018, 2020 and 2022
- Global Pharmaceutical Packaging Market: Revenues in US$ Million by Region for the Year 2019
- Rise in Demand for Drug Delivery Devices and Blister Packaging Drives PVDC Resins Growth
- Global Packaged Food Market: Revenues in US$ Trillion for the Years 2018, 2020 and 2022
- Need to Enhance Shelf Life of Packaged Food & Beverages: A Strong Growth Driver
- Need for Convenience Food Amidst Rising Women Workforce and Single Households Drives Demand for EVOH Resins
- Percentage of Single Person Households in Select Countries for the Years 1960 and 2018
- Percentage of Women Workforce Against Total Workforce for the Years 2005, 2010, 2015 and 2020
- Growing Urbanization and Rapidly Changing Lifestyle Drive Demand for Sustainable Food Packaging
- Transition Towards Bio-Based Barrier Resins Offers Growth Opportunities in the Food Packaging Market
- Growing Consumer Awareness about Food Safety Lays a Strong Foundation for the Growth of Barrier Resins
- Cosmetics Packaging Garner a Significant Share in the Barrier Resin Market
- Global Cosmetic Packaging Market: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
- Stringent Regulatory Standards in the US, Europe and China: A Major Restraint
- Eco-friendly Substitutes of Barrier Resin in Food and Pharmaceutical Products Poses another Challenge
- Innovations and Advancements
- BP Polymers Launches Kortrax Barrier Resin for HDPE Containers
- TC Releases 100% Recyclable, Multilayer Barrier Stand-up Pouch in North America
- Dow Launches Novel Barrier Adhesive for Flexible Packaging
- Uflex Unveils Super Barrier Polyester Film
- Toray Plastics Launches Third Generation of Torayfan Transparent, High-Barrier Polypropylene Packaging Films
- Klockner Pentaplast Unveils New Ultra High-Barrier PVdC Film
- Product Overview
- What are Barrier Resins?
- Uses and Benefits of Barrier Resin
- Barrier Resins by Type
- EVOH Barrier Resin
- PVDC Barrier Resin
- PEN Barrier Resin
- Applications of Barrier Films
- Food and Beverage Packaging Industry
- Pharmaceutical & Medical Industry
- Cosmetics Industry
- Agriculture Industry
- Industrial Sector
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/egfbxe
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