Global Barrier Materials Market Report 2021, Industry Overview, Growth and Forecast 2026

NEW YORK - Feb. 7, 2022 - PRLog -- According to the latest report by IMARC Group, the global barrier materials market grew at a CAGR of around 6% during 2015-2020. Looking forward, the market to continue its moderate growth during 2021-2026.

Barrier materials are coatings and packaging solutions that are used to prevent the diffusion of gases and the permeability of liquids and radiations. These materials are usually transparent and flexible in nature and are employed in the production of thin films and sheets for food packaging. Their usage obstructs the entry of atmospheric air, thereby preserving the quality of the packaged food. Apart from being used in the food industry to improve the shelf life and thermal stability of the products, they are also utilized across other industry verticals, such as cosmetics, pharmaceutical, automotive and agriculture, for a vast array of applications.

Market Trends

The market is primarily driven by the significant growth in the food industry across the globe. This can be attributed to the escalating sales of processed, packaged and on-the-go food products majorly due to the hectic lifestyles led by the masses, along with their inflating disposable incomes and the shifting dietary patterns. Consequently, there is an increasing need for packaging solutions that prevent contamination and spoilage of these products in an efficient manner. This is further supported by the stringent regulations imposed by several government agencies, including the US Food and Drug Administration (FDA), to extend the shelf life of consumables.

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Competitive Landscape:

Some of the key players being 3M Company, Arkema S.A., Asahi Kasei Corporation, Chang Chun Petrochemical Co. Ltd., Kuraray Co. Ltd., Kureha Corporation, Mondi plc, Solvay S.A., Teijin Limited and The Dow Chemical Company.

The report has segmented the market on the basis of Type, End User and Region.

Breakup by Type:

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

Breakup by End Use Industry:

Pharmaceutical
Food and Beverage
Agriculture
Cosmetics
Automotive
Others

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Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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