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Future of Barrier Resins Market: Size, Share & Forecasts to 2029
Barrier Resins
What Is the Projected Market Size Valuation of the Barrier Resins Market by 2025?
In the past few years, the market size of barrier resins has consistently expanded. The market, which was valued at $3.86 billion in 2024, is estimated to climb to $4.02 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.3%. The historic growth can be linked to factors like the increasing demand for food packaging, amplified consumer consciousness concerning food safety, regulatory compliance, the expansion of the pharmaceutical industry, and market globalization.
What Is the Estimated Market Growth Value for the Barrier Resins Industry in 2029?
Over the coming years, the barrier resins market is predicted to experience a robust expansion. It is anticipated to reach $5.56 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this projected growth during the forecast period include the expansion of e-commerce, rising demand from the agriculture sector, expansion of the packaging industry, and an increase in disposable income. Significant trends expected in the forecast period are digital printing on barrier packaging, antimicrobial barrier coatings, biodegradable barrier resins, recyclable barrier materials, and high-barrier films.
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What Are the Growth Drivers and Opportunities in the Barrier Resins Market?
The barrier resins market is experiencing growth due to the rising demand for food products with an extended shelf life. The requirement for prolonged shelf life food products is growing, causing a surge in the use of barrier resins. These are employed in the packaging sector of food and beverage to safeguard the packed items from moisture and restrict gas infiltration. Barrier resins secure consistent shelf life, preventing smells and harmful UV rays from penetrating the container, thereby protecting the vitamin value of the food. A significant surge in demand for products with a long shelf life was reported by the UAE-based FMCG firm, Truebell. An escalating popularity of extended shelf life food items and baking ingredients, coupled with higher consumption of home-cooked food was observed by the company. Therefore, this increasing demand for food products with a longer shelf life will propel the barrier resins market's growth.
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What Are the Primary Segments Covered in the Global Barrier Resins Market Report?
The barrier resins market covered in this report is segmented -
1) By Packaging Type: Flexible Packaging, Rigid Packaging
2) By Resin Type: Polyvinylidene Chloride, Ethylene Vinyl Alcohol, Polyethylene Naphthalate, Polyamide, Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Alcohol, Other Resin Types
3) By Application: Food And Beverage, Pharmaceutical And Medical, Cosmetics, Agriculture, Industrial, Other Applications
Subsegments:
1) By Flexible Packaging: Pouches and Bags, Wrappers, Films and Laminates
2) By Rigid Packaging: Containers, Trays and Tubs, Caps and Closures
What Are the Top Growth Trends in the Barrier Resins Market?
Leading companies in the barrier resins sector are exploring product innovation, introducing products like Decovery CQ 6010 in a bid to increase market profitability. This partially bio-based resin was unveiled by Covestro AG, a German materials firm, in May 2023. With its capacity to resist oil, grease, and moisture, Decovery CQ 6010 is perfect for a wide range of culinary uses. The resin, accounting for 37% of its composition, is obtained from renewable sources including maize, castor beans, and bark. Moreover, Decovery CQ 6010 significantly reduces carbon footprint compared to virgin PE and traditional fossil-based coatings.
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Which Companies Are Shaping the Future of the Barrier Resins Market?
Major companies operating in the barrier resins market include Kuraray Co. Ltd., The Dow Chemical Company, Tenjin Limited, Asahi Kasei Corporation, Solvay International SA, E.I. du Pont de Nemours and Company, Nspec Ethylene Oxide and Specialities, LyondellBasell Industries NV, Honeywell International Inc., Mitsui Chemicals Inc., LG Chem Ltd., INVISTA Textiles UK Ltd., Chang Chun Petrochemical Co. Ltd., Mitsubishi Chemical Corporation, Valspar Corporation, Saudi Basic Industries Corporation, Borealis Ag, China Petroleum & Chemical Corporation, Braskem S.A., Hanwha TotalEnergies Petrochemical Co. Ltd., NOVA Chemicals Corporation, EVAL Europe N.V, Zhejiang Juhua Co. Ltd., Toray Industries Inc., Mitsubishi Gas Chemical Company Inc., Elion Technology Co. Ltd., Kureha Corporation, Kuraray America Inc., Eastman Chemical Company, Exxon Corporation., Chevron Phillips Chemical Company LLC, Berry Global Inc., Sealed Air Corporation, Amcor Limited, Bemis Company Inc., Sumitomo Chemical Co. Ltd., Daikin Industries Ltd.
Which Region Holds the Largest Market Share in the Barrier Resins Industry?
Asia-Pacific was the largest region in the barrier resins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the barrier resins market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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