Barrier Resins Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Barrier Resins Market: Overview
It is over 50 years now and the research and development activities on polymers and plastics have considerably increased over the years in order to make polymers and plastics more usable in many application areas. Plastics and polymers have various useful characteristics such as enhanced shelf life, easy transportation, clarity and transparency, flexibility, and low cost. Still, the leading application is the food and beverages industry. The properties are food products are hampered when they are left in the open and the oxygen in the air reacts with the food and forms by-products, thus hampering the product’s properties. Barrier resins are known for belonging to the polymer group. They form an unbreakable resistance to oxygen and they are broadly employed in the packaging division for packing perishable eatables and other food products.
Resin are basically found in plants, mainly the coniferous trees. Such viscous substances can be derived from plants or can also be synthetically made. The use of barrier resin also increased in the pharmaceutical industries across the globe in order to protect medicines and other pharmaceutical products and increase their shelf life. Other core applications of barrier resins include agricultural industries, chemical industries, food and beverage industries, personal care and cosmetics, and pharmaceutical and medical industries. The application of barrier resin is likely to increase in the Asia Pacific region owing to the base of major companies in the region and the growing food and beverages industry which may drive barrier resins market.
Global Barrier Resins Market: Snapshot
In the science of materials and polymer chemistry, resin is referred to as a solid or extremely viscous material of a plant or of synthetic origin which is basically converted into polymers. They are often a mixture of organic compound, chiefly terpenes and its derivatives. Several plants, mainly woody plants, give away as a result of any injury. The resin thus acts a protection to the plant from the invading pathogens and insects. Many resins also contain a rather sizeable proportion of resin acids. The single components of the resin can be unglued through fractional distillation. Many materials are manufactured through the conversion to solids from synthetic raisins. Barrier resin is one such form of resin that is used as a material in durable packaging.
The characteristics of barrier resins such as upholding the quality and the flavor of food, providing prolonged shelf life to food products, averting damage through oxygen and other scents are the motives due to which they are employed on such a huge scale in the food and beverage industry. The use of barrier resins offers elasticity in packaging which is a chief attraction thus increasing its demand globally.
The market intelligence report investigates into the conceivable growth prospects for the global barrier resins market and the sequential growth of the market during the course of the forecast period. It also exclusively provisions the mandatory data related to aspects such as the dynamics manipulating the progress in all possible reflective manner. Numerous pervasive and non-pervasive trends have also been stated in the report. An outlook of extensive nature keeping in mind the Porter’s five forces analysis has been provided to make the vendor landscape transparent to the reader. The report barrier resins market further points out several activities related to R&D, mergers, acquisitions, and crucial conglomerates and corroborations. The companies in attention have been examined on the basis of market shares, prime products, and key marketing strategies.
Global Barrier Resins Market: Trends and Opportunities
The growth of the global barrier resins market is likely to be supplemented by the extensive growth of the pharmaceutical and packaging industry in developing countries, need for enhancing shelf life of packaged food goods, and burgeoning urbanization and lifestyle changes. The demand from the food industry is a factor triggering the growth of the market. Barrier resins are not only used in packaging in the food and beverages industry but also as a packaging material in the medical industry. Other factors such as visual attractiveness and low costs are further expected to bode well for the market growth. Among the several types of barrier resins available in the market, the type of EVOH is likely to gain popularity in the near future.
Global Barrier Resins Market: Regional Outlook
The region that is expected to provide lucrative opportunities to market players to barrier resins market players is Asia Pacific owing the robust economic growth in the countries of the region and high development in infrastructure. It is also likely to emerge as the hub for the manufactures of barrier resin. The markets in other regions such as North America, Europe, the Middle East and Africa, and South America are also expected to grow during the forecast period.
Global Barrier Resins Market: Companies Mentioned in the Report
A few of the leading participants in the barrier resins market are Honeywell International, Inc, Ineos Group Ltd., Zhejiang Juhua Co. Ltd, The Dow Chemical Company, The Nippon Synthetic Chemical Industry Co. Ltd., E.I. du Pont de Nemours and Company, and Chang Chun Petrochemical Co.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report