PUNE, India, October 28, 2016 /PRNewswire/ --
The report "Barrier Resins Market by Type (PVDC, EVOH, PEN), Application (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Industrial), and Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2026", published by MarketsandMarkets, the global market is projected to reach USD 3.52 Billion by 2026, at a CAGR of 5.85% from 2016 to 2026.
Browse 143 market data Tables and 63 Figures spread through 211 Pages and in-depth TOC on "Barrier Resins Market"
Early buyers will receive 10% customization on this report.
The global barrier resins market is projected to grow at a CAGR of 5.85% from 2016 to 2026 in terms of value. Growth in the pharmaceutical packaging industry in emerging economies, the enhanced shelf life of packaged food products using barrier resins, and the growing urbanization and changing lifestyles are driving the food packaging market, which in turn are driving the global barrier resins market.
Food & Beverage: The leading application segment in the barrier resins market
The food & beverage is the largest application segment of the global barrier resins market, where the resin is majorly used in the packaging of food & beverage products such as canned milk, meat, fish, beer, wine, canned vegetables & fruits, and carbonated soft drinks. The barrier resins used for food & beverage packaging provide properties such as extended shelf life, long lasting flavour and quality of the food, prevent oxygen and odours from penetrating the package, and protect sensitive vitamin content. In meat packaging, barrier resins work as a shield against the permeation of oxygen, moisture, and UV rays. It also protects the flavor and aroma in the product. The main reasons for the increase in the demand for barrier resin food packaging is that people are now attracted to flexible packaging due to the ease of handling, the lower cost, and the visual appeal which is ultimately driving the global barrier resins market.
EVOH: The fastest-growing type in the global barrier resins market
Ethylene vinyl alcohol (EVOH) is projected to be the fastest-growing type in the global Barrier Resins Market. EVOH is a highly flexible thermoplastic barrier resin that has major applications in the food & beverage and pharmaceutical packaging as it is highly transparent, weather, oil & solvent resistant, moldable, and recyclable. Under most conditions, the EVOH barrier resin has superior barrier properties compared to other high barrier materials such as Polyvinylidene Chloride (PVDC) and is capable of meeting other demanding requirements, such as oxygen barrier in medical packaging, flavor preservation in coffee, and barrier to fragrances and solvents in cosmetics packaging.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=231202902
Asia-Pacific to register the highest growth rate in the barrier resins market
The Asia-Pacific barrier resins industry is witnessing a phase of rapid transformation and growth, mainly driven by stable economic growth and infrastructure development. The Asia-Pacific region is a global sourcing hub for the key companies owing to the rapidly increasing demand for barrier resins. Healthy economic growth, changing consumer preferences, improvement in the standards of living and increased spending on infrastructure are expected to drive the barrier resins market in the Asia-Pacific region.
Key market players in the barrier resins market
The key players in this market are Asahi Kasei Corporation (Japan), Chang Chun Petrochemical Co., Ltd. (Taiwan), E.I. du Pont de Nemours and Company (U.S.), INVISTA (U.S.), Kuraray Co., Ltd (Japan), Kureha Corporation (Japan), Solvay S. A. (Belgium), Teijin Limited (Japan), The Dow Chemical Company (U.S.), The Nippon Synthetic Chemical Industry Co., Ltd. (Japan), Zhejiang Juhua Co., Ltd. (China), Honeywell International, Inc. (U.S.), and Ineos Group Limited (Switzerland).
Browse Related Reports:
Plastic Films & Sheets Market, by Type (LLDPE, LDPE, HDPE, BOPP, CPP, PVC, PES, PA), Applications (Packaging & Non-Packaging) And Geography (North America, Asia-Pacific, Europe and RoW)- Global Trends & Forecast to 2019
Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets