Barrier Materials Market Trends and Drivers:
The market is primarily driven by the expanding food and beverage (F&B) industry. In addition, the rising demand for barrier material in product packaging, as it prevents contamination, enhances shelf-life, and ensures food safety, is contributing to the market growth. In line with this, the widespread product adoption in packaging materials for products such as fish, dairy, meat, and farm produce to protect them from contamination and quality deterioration is accelerating the product adoption rate. Moreover, the development of bio-based barrier materials that are compostable, recyclable, and biodegradable represents another major growth-inducing factor. Besides this, the rising product application in the pharmaceutical industry to prevent the spillage of temperature-sensitive drugs by providing enhanced scratch and abrasion resistance, is influencing the market growth. Furthermore, the rising consumer expenditure capacities and extensive research and development (R&D) activities to produce scratch and abrasion-resistant materials are creating a positive market outlook.
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Report Segmentation:
The report has segmented the market into the following categories:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 3M Company
- Arkema Group
- Asahi Kasei Corporation
- Chang Chun Petrochemical Co., Ltd.
- Kuraray Co., Ltd.
- Kureha Corporation
- Mondi plc
- Solvay SA
- Teijin Limited
- The Dow Chemical Company.
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