Global Barrier Resin Market
Market Size in USD Billion
CAGR : %
Forecast Period |
2025 –2032 |
Market Size (Base Year) |
USD 14.73 Billion |
Market Size (Forecast Year) |
USD 23.30 Billion |
CAGR |
|
Major Markets Players |
Global Barrier Resin Market Segmentation, By Type (Polyvinylidene Chloride, Ethylene Vinyl Alcohol, Polyethylene Naphthalate, Polyamide, Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Alcohol, Others), Resin (Flexible packaging, Rigid packaging), Application (Food and Beverage, Pharmaceutical and Medical, Cosmetics, Agriculture, Industrial, Others) – Industry Trends and Forecast to 2032
Barrier Resin Market Analysis
There has been huge demand for barrier resin as it is massively used in the medical field to protect drugs and tablets. Additionally, the Indian pharmaceutical market grew at 17.7% yearly in August 2021, 4% more than it did in July 2020. Further, the demand for packaging and protective materials rises as the demand for medical devices and products does.
Barrier Resin Market Size
Global barrier resin market size was valued at USD 14.73 billion in 2024 and is projected to reach USD 23.30 billion by 2032, with a CAGR of 5.90% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
Attributes |
Barrier Resin Key Market Insights |
Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Key Market Players |
Corporate.Evonik (Germany), Arkema (France), Hexion (U.S.), Huntsman International LLC (U.S.), Cardolite Corporation (U.S.), BASF SE(Germany), Cardolite Corporation (U.S.), Kukdo Chemical Co., Ltd., (South Korea), Dupont (U.S.), DAIKIN (Japan), Bostik (France), H.B. Fuller Company (U.S.), Sika AG (Switzerland), Freudenberg SE (Germany), Aditya Birla Group Chemicals (India), Mitsubishi Chemical Corporation (Japan), DOW (U.S.), SOLVAY (Belgium), Air Products, Inc., (U.S.) and Momentive (U.S.) |
Market Opportunities |
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Barrier Resin Market Definition
Resin is a naturally occurring substance that can be found in a variety of coniferous plants. However, resins are regarded as a viscous substance in the chemical industry and can either be sourced from plants or be synthetic. Because many plants manufacture natural resins, external forces can cause harm to the outer layer that serves as the plant's defence against parasites and other pathogens. The resin is a synthetic substance that is used commercially to create products including varnish, food glazing, adhesives, nail polish, and scents.
Barrier Resin Market Dynamics
Drivers
- Lower Costs and Production Waste
The decrease in production costs and waste is the main element boosting the market for barrier resin. Manufacturers can make more packaging with less waste by using barrier resin. For instance, aseptic filling can create plastic barrier structures, which use less energy. Additionally, because of its modest weight, it can convey more items without needing extra packaging. Additionally, practical packaging that is also reasonably priced aids in expanding the market for high-quality goods. Barrier resins are increasingly being utilized in manufacturing to reduce waste since they provide these benefits, which has fueled the expansion of the barrier resin market.
- Increased Utilization across Food and Beverages
The barrier resins have significantly aided in the expansion of this market due to their ability to replace glass and cans in the food and beverage sectors. Barrier resins can also be shaped and made to fit any size and are also readily moldable. The shelf life of foods including canned food, meat, dairy goods, and carbonated beverages is also improved by barrier resins.
Furthermore, numerous medications have been developed as a result of the expansion of improved production techniques supported by technical innovation and greater player consolidation, directly driving up demand for pharmaceutical packaging. Globally, this has accelerated the expansion of barrier resins. Pharmaceutical products such pouches, labels for bottled pharmaceuticals, and push-through packs are typically protected with barrier resins like PVDC and EVOH from light, moisture, oxygen, biological contamination, mechanical damage, and counterfeiting.
Opportunities
- Boost in New Technologies and Techniques
Furthermore, the top businesses are increasing the output of barrier resin manufacturing due to the increased demand for technologically sophisticated packaging materials from emerging economies around the world. In order to enhance the barrier resins' qualities and broaden their uses, industry companies are creating new technologies and techniques. Additionally, numerous initiatives are made to lessen these barriers' negative environmental effects, further extending profitable opportunities to the market players in the forecast period of 2025 to 2032.
- Burgeoning Demand for Customer-Friendly Packaging
Additionally, the barrier resins are most commonly employed in packaging solutions to offer customer-friendly packaging to various end-user sectors. Agrochemicals and other products used in agriculture must be packaged in non-reactive materials that do not alter their chemical makeup. Barrier resins allow packing materials to maintain their chemical structure and texture while providing suitable protection against external environmental factors. Barrier resin manufacturers have seen their market share increase as a result of participants in the agrochemical and agricultural industries choosing to export their goods in these containers due to a number of appealing qualities of these materials. This factor is anticipated to further expand the future growth of the barrier resin market.
Restraints/Challenges
- Negative Effects on the Environment
The majority of barrier resins on the market today are comprised of plastic. They are extremely stable and have a very long half-life in the environment after being disposed. The degradation process is slowed down even further by the makers' inclusion of antioxidants, which shield the material from acidic attacks. In addition to this, the manufacture of plastics releases numerous harmful chemicals into the environment, including trichloroethane, acetone, methylene chloride, methyl ethyl ketone, styrene, toluene, and benzene. Additionally, the resins may migrate from the containers in which they are stored into food, eventually being consumed by people or animals and leading to major health issues. Consequently, this factor will hinder the market growth.
- Volatility in Raw Material Prices
The raw constituents including naphtha, natural gas, monoethylene glycol, and crude oil are used to make plastic resins. Most of the world's polyethylene resin comes from crude oil, although natural gas is the main source in the US. Polyethylene terephthalate resins' primary raw ingredient is mono ethylene glycol (MEG). The US Energy Information Administration (EIA) estimates that the average spot price for natural gas was USD 2.22 per million Btu in 2020, a considerable decrease from USD 2.82 per million Btu in 2019. Therefore, the will challenge the barrier resin market growth rate.
Moreover, the stringent regulations set by various governments and the growing demand pf bio-based and sustainable barrier resins are also expected to hamper growth of the global barrier resin market.
This barrier resin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the barrier resin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Barrier Resin Market Scope
The barrier resin market is segmented on the basis of type, resin and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyvinylidene Chloride
- Ethylene Vinyl Alcohol
- Polyethylene Naphthalate
- Polyamide
- Polyethylene Terephthalate
- Polyethylene
- Polypropylene
- Polyvinyl Alcohol
- Others
Resin
- Flexible Packaging
- Rigid Packaging
Application
- Food and Beverage
- Pharmaceutical and Medical
- Cosmetics
- Agriculture
- Industrial
- Others
Barrier Resin Market Regional Analysis
The barrier resin market is analyzed and market size insights and trends are provided by country, type, resin and application as referenced above.
The countries covered in the barrier resin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2025-2032. The market growth over this region is attributed to the growing food and beverage industry in countries such as China and India within the region.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2025-2032, due to the increasing spending on research and development within the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Barrier Resin Market Share
The barrier resin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to barrier resin market.
Barrier Resin Market Leaders Operating in the Market Are:
- Corporate.Evonik (Germany)
- Arkema (France)
- Hexion (U.S.)
- Huntsman International LLC (U.S.)
- Cardolite Corporation (U.S.)
- BASF SE (Germany)
- Cardolite Corporation (U.S.)
- Kukdo Chemical Co., Ltd., (South Korea)
- Dupont (U.S.)
- DAIKIN (Japan)
- Bostik (France)
- H.B. Fuller Company (U.S.)
- Sika AG (Switzerland)
- Freudenberg SE (Germany)
- Aditya Birla Group Chemicals (India)
- Mitsubishi Chemical Corporation (Japan)
- DOW (U.S.)
- SOLVAY (Belgium)
- Air Products, Inc., (U.S.)
- Momentive (U.S.)
Latest Developments in Barrier Resin Market
- In June 2021, the second prototype of the hybrid Seagull water landing aircraft, scheduled to take to the skies in late 2021, will be built using materials from Solvay's range of thermoset, thermoplastic composite, and adhesive materials, according to a partnership between the two companies
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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