Barrier Resins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyvinylidene Chloride (PVDC), Ethylene Vinyl Alcohol (EVOH), Polyethylene Naphthalate (PEN)), By Application (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Others) By Region, and Competition

Abstract
Global Barrier Resins Market is projected to grow at an impressive rate through 2028. This can be ascribed to the barrier resins in food packaging continues to be driven by improvements in food product shelf life, increased urbanization, shifting lifestyle trends, and growth in the pharmaceutical packaging sector in developing economies. In September 2022, the production volume of processed paper and cardboard in China was approximately 11.1 million metric tons.
However, the main challenges facing the market for barrier resins are rising prices, tight regulatory requirements, environmental regulations, and political standards. The demand for Barrier Resins is also anticipated to increase during the projected period as more application sectors choose sustainable packaging solutions due to regulatory restrictions.
The market for barrier resin is expanding as consumers desire food goods to last longer on the shelf. The demand for food goods with extended shelf lives has been rising. In food and beverage packaging, barrier resins seal out gases and protect items from moisture. They give the food a longer shelf life and better consistency, shield it from UV radiation and odors, and safeguard the food's nutrient content in the process.
Promising Demand from Packaging Industry
The global market for barrier resin is segmented into various application categories; however, demand for packaging from food and beverage is a promising driving factor. The packaging of food and drink items such as meat, fish, beer, wine, carbonated soft drinks, and canned milk is the main application of resin in this industry, which is the largest. Barrier resins are used in food and beverage packaging to protect vitamin content, increase shelf life, and improve food quality. They also stop odor and UV light penetration. There is a greater need for packaging due to growing urban populations, increasing demand for FMCGs, pharmaceuticals, and other consumer durables, and developing health and hygienic packaging issues. Due to its capacity to provide creative solutions to numerous packaging problems, the packaging is in high demand. IBEF adds that one of the most significant industries in the nation is food processing, which generates 70% of its revenue from retail and accounts for 32% of the country's overall food market while ranking fifth in production, consumption, and exports.
Growing Technological Advancement for Sustainable Development
Many plants, particularly coniferous trees, naturally contain resin. Resin is a viscous substance that often transforms into polymers in polymer chemistry. Such dense compounds can be naturally occurring, manufactured, or plant derived. Resins are often blends of organic substances. Creating more ecologically friendly barrier resins is one of the significant trends in barrier resin technology. This is because conventional barrier resins are made using potentially hazardous petroleum-based materials. Environmentally friendly barrier resins are produced in various forms, including those derived from plant-based substances. During the predicted timeframe, sustainability tendencies are expected to increase. Because of how plastic is made, sustainability will always be a challenge. However, recycling, and other development streams will help to balance out such sustainability concerns. For instance, the Coca-Cola European partners promised to recycle 50% of the plastic used in PET bottles by 2025 and to collect all packaging in Western Europe. In the European region, PepsiCo declared a long-term goal of using 50% recycled plastic in its bottles by 2030 and a short-term target of about 45% by 2025.
Market Segmentation
Global Barrier Resins market is segmented by type and application type. Based on product type, the market is divided into polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polyethylene naphthalate (PEN). Based on application, the market is segmented into food & beverage, pharmaceutical & medical, cosmetics, agriculture, others.
Market Players
Asahi Kasei Corporation, Chang Chun Petrochemical Co. Ltd., Du Pont de Nemours, Honeywell International, Inc., Mitsui Chemicals Inc., LG Chem, Teijin Limited, The Dow Chemical Company, The Nippon Synthetic Chemical Industry Co., Ltd, and Kuraray Co., Ltd are some of the key market players.

Report Scope:
In this report, Global Barrier Resins Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Global Barrier Resins Market, By Type:
oPolyvinylidene Chloride (PVDC)
oEthylene Vinyl Alcohol (EVOH)
oPolyethylene Naphthalate (PEN)
•Global Barrier Resins Market, By Application:
oFood & Beverage
oPharmaceutical & Medical
oCosmetics
oAgriculture
oOthers
•Global Barrier Resins Market, By Region:
oNorth America
United States
Canada
Mexico
oEurope
France
Germany
United Kingdom
Italy
Spain
oAsia-Pacific
China
India
Japan
Taiwan
South Korea
Australia
oSouth America
Brazil
Argentina
Colombia
oMiddle East & Africa
South Africa
Saudi Arabia
UAE
Turkey
Egypt
Competitive Landscape

Company Profiles: Detailed analysis of the major companies in Global Barrier Resins Market.

Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).

Content
Table of Contents

1.Product Overview
1.1.Market Definition
1.2.Scope of the Market
1.2.1.Markets Covered
1.2.2.Years Considered for Study
1.2.3.Key Market Segmentations
2.Research Methodology
2.1.Objective of the Study
2.2.Baseline Methodology
2.3.Key Industry Partners
2.4.Major Association and Secondary Sources
2.5.Forecasting Methodology
2.6.Data Triangulation & Validation
2.7.Assumptions and Limitations
3.Executive Summary
3.1.Overview of the Market
3.2.Overview of Key Market Segmentations
3.3.Overview of Key Market Players
3.4.Overview of Key Regions/Countries
3.5.Overview of Market Drivers, Challenges, and Trends
4.Voice of Customer
5.Global Barrier Resins Market Outlook
5.1.Market Size & Forecast
5.1.1.By Value & Volume
5.2.Market Share & Forecast
5.2.1.By Type (Polyvinylidene Chloride (PVDC), Ethylene Vinyl Alcohol (EVOH), Polyethylene Naphthalate (PEN))
5.2.2.By Application (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Others
5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.4.By Company (2022)
5.3.Market Map
5.3.1.By Type
5.3.2.By Application
5.3.3.By Region
5.4.Pricing Analysis
6.North America Barrier Resins Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value & Volume
6.2.Market Share & Forecast
6.2.1.By Type
6.2.2.By Application
6.2.3.By Country
6.3.Pricing Analysis
6.4.North America: Country Analysis
6.4.1.United States Barrier Resins Market Outlook
6.4.1.1.Market Size & Forecast
6.4.1.1.1.By Value & Volume
6.4.1.2.Market Share & Forecast
6.4.1.2.1.By Type
6.4.1.2.2.By Application
6.4.2.Mexico Barrier Resins Market Outlook
6.4.2.1.Market Size & Forecast
6.4.2.1.1.By Value & Volume
6.4.2.2.Market Share & Forecast
6.4.2.2.1.By Type
6.4.2.2.2.By Application
6.4.3.Canada Barrier Resins Market Outlook
6.4.3.1.Market Size & Forecast
6.4.3.1.1.By Value & Volume
6.4.3.2.Market Share & Forecast
6.4.3.2.1.By Type
6.4.3.2.2.By Application
7.Europe Barrier Resins Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value & Volume
7.2.Market Share & Forecast
7.2.1.By Type
7.2.2.By Application
7.2.3.By Country
7.3.Pricing Analysis
7.4.Europe: Country Analysis
7.4.1.France Barrier Resins Market Outlook
7.4.1.1.Market Size & Forecast
7.4.1.1.1.By Value & Volume
7.4.1.2.Market Share & Forecast
7.4.1.2.1.By Type
7.4.1.2.2.By Application
7.4.2.Germany Barrier Resins Market Outlook
7.4.2.1.Market Size & Forecast
7.4.2.1.1.By Value & Volume
7.4.2.2.Market Share & Forecast
7.4.2.2.1.By Type
7.4.2.2.2.By Application
7.4.3.United Kingdom Barrier Resins Market Outlook
7.4.3.1.Market Size & Forecast
7.4.3.1.1.By Value & Volume
7.4.3.2.Market Share & Forecast
7.4.3.2.1.By Type
7.4.3.2.2.By Application
7.4.4.Italy Barrier Resins Market Outlook
7.4.4.1.Market Size & Forecast
7.4.4.1.1.By Value & Volume
7.4.4.2.Market Share & Forecast
7.4.4.2.1.By Type
7.4.4.2.2.By Application
7.4.5.Spain Barrier Resins Market Outlook
7.4.5.1.Market Size & Forecast
7.4.5.1.1.By Value & Volume
7.4.5.2.Market Share & Forecast
7.4.5.2.1.By Type
7.4.5.2.2.By Application
8.Asia-Pacific Barrier Resins Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value & Volume
8.2.Market Share & Forecast
8.2.1.By Type
8.2.2.By Application
8.2.3.By Country
8.3.Pricing Analysis
8.4.Asia-Pacific: Country Analysis
8.4.1.China Barrier Resins Market Outlook
8.4.1.1.Market Size & Forecast
8.4.1.1.1.By Value & Volume
8.4.1.2.Market Share & Forecast
8.4.1.2.1.By Type
8.4.1.2.2.By Application
8.4.2.India Barrier Resins Market Outlook
8.4.2.1.Market Size & Forecast
8.4.2.1.1.By Value & Volume
8.4.2.2.Market Share & Forecast
8.4.2.2.1.By Type
8.4.2.2.2.By Application
8.4.3.Japan Barrier Resins Market Outlook
8.4.3.1.Market Size & Forecast
8.4.3.1.1.By Value & Volume
8.4.3.2.Market Share & Forecast
8.4.3.2.1.By Type
8.4.3.2.2.By Application
8.4.4.South Korea Barrier Resins Market Outlook
8.4.4.1.Market Size & Forecast
8.4.4.1.1.By Value & Volume
8.4.4.2.Market Share & Forecast
8.4.4.2.1.By Type
8.4.4.2.2.By Application
8.4.5.Australia Barrier Resins Market Outlook
8.4.5.1.Market Size & Forecast
8.4.5.1.1.By Value & Volume
8.4.5.2.Market Share & Forecast
8.4.5.2.1.By Type
8.4.5.2.2.By Application
9.South America Barrier Resins Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value & Volume
9.2.Market Share & Forecast
9.2.1.By Type
9.2.2.By Application
9.2.3.By Country
9.3.Pricing Analysis
9.4.South America: Country Analysis
9.4.1.Brazil Barrier Resins Market Outlook
9.4.1.1.Market Size & Forecast
9.4.1.1.1.By Value & Volume
9.4.1.2.Market Share & Forecast
9.4.1.2.1.By Type
9.4.1.2.2.By Application
9.4.2.Argentina Barrier Resins Market Outlook
9.4.2.1.Market Size & Forecast
9.4.2.1.1.By Value & Volume
9.4.2.2.Market Share & Forecast
9.4.2.2.1.By Type
9.4.2.2.2.By Application
9.4.3.Colombia Barrier Resins Market Outlook
9.4.3.1.Market Size & Forecast
9.4.3.1.1.By Value & Volume
9.4.3.2.Market Share & Forecast
9.4.3.2.1.By Type
9.4.3.2.2.By Application
10.Middle East and Africa Barrier Resins Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value & Volume
10.2.Market Share & Forecast
10.2.1.By Type
10.2.2.By Application
10.2.3.By Country
10.3.Pricing Analysis
10.4.MEA: Country Analysis
10.4.1.South Africa Barrier Resins Market Outlook
10.4.1.1.Market Size & Forecast
10.4.1.1.1.By Value & Volume
10.4.1.2.Market Share & Forecast
10.4.1.2.1.By Type
10.4.1.2.2.By Application
10.4.2.Saudi Arabia Barrier Resins Market Outlook
10.4.2.1.Market Size & Forecast
10.4.2.1.1.By Value & Volume
10.4.2.2.Market Share & Forecast
10.4.2.2.1.By Type
10.4.2.2.2.By Application
10.4.3.UAE Barrier Resins Market Outlook
10.4.3.1.Market Size & Forecast
10.4.3.1.1.By Value & Volume
10.4.3.2.Market Share & Forecast
10.4.3.2.1.By Type
10.4.3.2.2.By Application
10.4.4.Turkey Barrier Resins Market Outlook
10.4.4.1.Market Size & Forecast
10.4.4.1.1.By Value & Volume
10.4.4.2.Market Share & Forecast
10.4.4.2.1.By Type
10.4.4.2.2.By Application
10.4.5.Egypt Barrier Resins Market Outlook
10.4.5.1.Market Size & Forecast
10.4.5.1.1.By Value & Volume
10.4.5.2.Market Share & Forecast
10.4.5.2.1.By Type
10.4.5.2.2.By Application
11.Market Dynamics
11.1.Drivers
11.2.Challenges
12.Market Trends & Developments
12.1.Merger & Acquisition
12.2.Product Launches
12.3.Recent Developments
13.Porters Five Forces Analysis
13.1.Competition in the Industry
13.2.Potential of New Entrants
13.3.Power of Suppliers
13.4.Power of Customers
13.5.Threat of Substitute Products
14.Competitive Landscape
14.1.Business Overview
14.2.Company Snapshot
14.3.Products & Services
14.4.Financials (In case of listed companies)
14.5.Recent Developments
14.6.SWOT Analysis
14.6.1.Asahi Kasei Corporation
14.6.2.Chang Chun Petrochemical Co. Ltd.
14.6.3.Du Pont de Nemours
14.6.4.Honeywell International, Inc.
14.6.5.Mitsui Chemicals Inc.
14.6.6.LG Chem
14.6.7.Teijin Limited
14.6.8.The Dow Chemical Company
14.6.9.The Nippon Synthetic Chemical Industry Co., Ltd
14.6.10.Kuraray Co., Ltd
15.Strategic Recommendations