Global Barrier Resins Market 2017-2021
About Barrier Resins
Barrier resins are a class of polymers that help to maintain the quality and flavor of food, enhance the shelf life of food products, and restrict the entry of gases such as carbon dioxide, oxygen, volatile flavor nitrogen and sulfur compounds, water vapor, and aromatic compounds in a wide range of applications such as food and beverage, pharmaceutical, cosmetics, agriculture and a multitude of other sectors.
Technavio’s analysts forecast the global barrier resins market to grow at a CAGR of 5.94% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global barrier resins market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Barrier Resins Market 2017-2021
Technavio recognizes the following companies as the key players in the global barrier resins market: Solvay, The Dow Chemical Company, INEOS, Kuraray, and Teijin DuPont Films Japan.
Other Prominent Vendors in the market are: Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, MITSUBISHI GAS CHEMICAL, The Nippon Synthetic Chemical Industry, and Valspar.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is advent of bio-based barrier resins. Enormous developments in R&D in bio-based barrier resins is in progress currently. This provides a great opportunity for the high growth of the barrier resins market globally.”
According to the report, one driver in the market is need for extended shelf life in packaging sector. The packaging industry has grown at a rapid pace with the growing innovations in the food processing industry. Packaging has become an indispensable part of food processing over the last four decades. The main objectives of any packing material are to contain the product, preserve it, increase its shelf life without compromising on the quality of the product, and provide ample sturdiness for hassle-free transportation and distribution.
Further, the report states that one challenge in the market is increase in overall cost of packaging. Packages used in food and beverage and pharmaceutical sectors are designed to protect the products from environmental conditions, mechanical damage, and natural and public hazards. The packages also need to be leak-proof and must preserve the flavor and quality of the packaged product. The raw materials used for the manufacture of packaging products that are used in these industries must be of a superior quality.
Solvay, The Dow Chemical Company, INEOS, Kuraray, Teijin DuPont Films Japan, Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, MITSUBISHI GAS CHEMICAL, The Nippon Synthetic Chemical Industry, and Valspar.
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