Navigating the Dynamics of the Global Barrier Resins Market

Barrier Resins Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company's Barrier Resins Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LANDON, GREATER LANDON, UK, November 21, 2023 /EINPresswire.com/ -- The global barrier resins market, a critical component of the packaging industry, exhibits a complex tapestry of segmentation, applications, and market players. As of 2022, the market showcased a growth trajectory, expanding from $3.41 billion to $3.61 billion in 2023, with a commendable compound annual growth rate (CAGR) of 5.7%. The market is poised to reach $4.56 billion in 2027, projecting a CAGR of 6.0%.

Key Market Segments: Unveiling Diversity

1. Packaging Types: The market is divided into flexible packaging and rigid packaging, reflecting the diverse requirements and applications within the packaging landscape.
2. Resin Types: Barrier resins encompass a range of materials, including Polyvinylidene Chloride, Ethylene Vinyl Alcohol, Polyethylene Naphthalate, Polyamide, Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Alcohol, and other resin types, catering to specific packaging needs.
3. Applications: With a wide spectrum of applications, the market finds use in food and beverage packaging, pharmaceutical and medical sectors, cosmetics, agriculture, industrial applications, and other diverse uses.

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Driving Forces: Longevity for Food Products and Sustainable Solutions

A notable driver for the barrier resins market stems from the increasing demand for extended shelf life in food products. These resins play a pivotal role in the packaging of food and beverages, offering protection against moisture, gas penetration, odors, and UV rays. Notably, there is a surge in the popularity of long-shelf-life food products, driven by consumer preferences for home-cooked meals. For instance, Truebell, a UAE-based FMCG company, experienced a threefold increase in demand for long-shelf-life products, reflecting a broader trend in consumer behavior.

Key Market Players: Industry Pioneers and Innovators

The market is characterized by the presence of major players leading the charge in innovation and sustainability. Companies such as Kuraray Co., Ltd., The Dow Chemical Company, Tenjin Limited, Asahi Kasei Corporation, and others are instrumental in shaping the landscape of barrier resins. A notable trend within the market is the development of organic resins, emphasizing sustainability and environmental friendliness. For instance, Royal DSM, based in the Netherlands, launched Discovery resins for the packaging industry in December 2020, focusing on sustainability and plant-based solutions.

Regional Dynamics: Asia-Pacific Leading and Growing

As of 2022, Asia-Pacific emerged as the largest region in the barrier resins market. The forecast suggests that Asia-Pacific is set to continue its dominance, emerging as the fastest-growing region in the coming years. The comprehensive regional coverage in the market analysis report encompasses Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Barrier Resins Global Market Report 2023 from TBRC covers the following information:

1. Market size date for the forecast period: Historical and Future
2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Barrier Resins Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on barrier resins market size, barrier resins market drivers and trends, barrier resins market major players, barrier resins market competitors' revenues, barrier resins market positioning, and barrier resins market growth across geographies. The barrier resins market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the barrier resins market report and tap into segments with the highest growth potential.

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