Market Growth • One of the key factors for the growth of barrier resins is the increase in demand for packaged food. Sometimes the packaged foods that need to be transported over long distances should be prevented from adverse effects caused by exposing to the external environment. • In such cases, barrier resins are used to prevent loss of flavor and help in preventing oxidation of the food. Thus the rise in awareness about consuming healthy and fresh food products with proper packaging is the most important driver for the growth of barrier resin market.
Market Outlook The global barrier resins market is segmented based on: • Type, application, and geography. On the basis of type, the global barrier resins market is classified into synthetic-based and bio-based barrier resins. Synthetic-based barrier resins are further divided into EVOH, PVDC, Nylon, PFA, and others. • Among them, the EVOH segment is anticipated to dominate the market over the forecast period due to its resistance against water and various chemicals. • The key regions into which the global barrier resins market is classified based on geography are North America, Europe, South America, Asia Pacific, and the Middle East and Africa. • North America followed by Europe occupies the largest share in the global barrier resins market due to increase in consumption of packaged food. Going forward the Asia Pacific is anticipated to contribute significant revenue towards barrier resins during the forecast period due to focus on the healthcare industry. • The Dow Chemical Company has collaborated with Vishakha Group in India to solve the issue of recycling barrier films. Dow Packaging & Specialty Plastics (P&SP), a business unit of The Dow Chemical Company announced that the advancement of a partnership with a Vishakha Group, a local barrier film manufacturer, to develop a Recyclable Barrier Film for liquid packaging at PlastIndia 2018.
Competitive Analysis • Leading players in the global barrier resins market are The Dow Chemicals Company, E.l.DU PONT DE Nemours and Company, Teijin Company, Solvay International, Kuraray Co., Ltd Honeywell International Inc. and Valspar Corporation among others.
Report Highlights • The report provides an extensive qualitative and quantitative assessment of the present and future trends in the global Barrier Resins market. • The report presents a forward-looking prospect on different factors driving or restraining the growth of the barrier resin market. • Recent industry trends and developments in the Barrier Resins market. • Product mapping for the key products of all the major market players. • Key players in the market are profiled and their recent developments, product portfolio, and other business strategies are listed.
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