Stratview Research in its recent report has offered an overlook of the current Barrier Materials Market scenarios and has also estimated the Barrier Materials Market to grow at an impressive CAGR of 8.9% by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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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 naphtalate, and many others. Food and beverages, cosmetics, pharmaceuticals, agriculture, and other industries are the areas where such materials are mostly used.
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.
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Based on the type, the market is segmented as polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polyethylene napthalate (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.
Based on the 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.
In terms of regions, the rising claim from the 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.
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Highlights of the Report:
Barrier materials market is likely to witness an impressive CAGR of 8.9% during the forecast period. The barrier materials market has depicted a 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.
Some of the major players in the barrier materials 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, and Zhejiang Juhua Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of 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.
The Barrier Materials Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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