Barrier Material Market Growth by Applications, Types and Manufacturers 2019 to 2023 | Kuraray Co., Ltd, The Nippon Synthetic Chemical Industry Co. Ltd, DowDuPont
Global Barrier Material Market Research Report 2019 is created to provide the market landscape and unlimited guideline about contemporary market size, share, driving factors, trends, progressive growth, and dominant players of the Barrier Material market. The report serves overall information on the market to top manufacturers, distributors, traders, dealers. It will help them understand the product scope, market overview, market driving force, technological advancement, market risk, opportunities, and research findings.
The global barrier material market is expected to witness a CAGR of approximately 7.26% during the forecast period (2018-2023), majorly driven by rising demand to increase shelf-life of packaging from the food industry, as they have high durability and strong resistance to atmospheric gases and water vapors.
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Some of the major players of the market are:
Kuraray Co., Ltd, The Nippon Synthetic Chemical Industry Co. Ltd, DowDuPont, Asahi Kasei Corporation, Arkema, Solvay SA, Kureha Corporation, Teijin Limited, 3M, Toppan Printing Company Ltd, COEXPAN, among others.
Demand to Increase Shelf-life of Packaged Foods is Driving the Market
Barrier materials have recently gained attention across food industry as they help in increasing shelf-life and thermal stability of the food packaging. They provide protection against atmospherics gases, water vapor, and aroma. They are used in the form of thin films and sheets for food packaging. Consumers, across the globe, are increasing being health conscious and avoiding food with artificial flavors and preservatives. This is likely to drive the barrier materials market in food industry.
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Packaging Application Making Food & Beverage the Dominating End-User Industry
The global barrier material market, based on the end-user industry, can be broadly segmented into pharmaceutical, agriculture, cosmetics, food & beverage, and others. The food & beverage industry is expected to dominate the barrier material market, accounting for almost half of the total market share. These materials are widely used for the packaging of food & beverage products, such as, canned milk, beer, wine, and canned fruits and vegetables. The rising demand of convenience food products is likely to drive the barrier material market during the forecast period.
Demand from Pharmaceutical Packaging Industry is driving the Asia-Pacific Market
Asia-Pacific is expected to be high revenue-generating region, and is likely to account approximately to 50% of the total market share. There has been an increase in demand for packaging from the pharmaceutical industry. Improved health care services, coupled with rapid adoption of contract packaging in the pharmaceutical industry, and the stringent regulations against the counterfeit medicines is likely to drive the pharmaceutical packaging industry. In 2016, around 113 million counterfeit tablets were seized by the World Customs Organization (WCO), out of which 97% were manufactured in India and China. To protect the shelf-life of drug products, the demand for barrier material is likely to grow at a fast rate in Asia-Pacific.
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Table of Contents:
1 Introduction
2 Barrier Material Market Research Methodology
3 Executive Summary
4 Barrier Material Market Dynamics
5 Barrier Material Market Segmentation
6 Competitive Landscape
7 Barrier Material Market Opportunities And Future Trends
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