Barrier Resin Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Type (Polyvinylidene Chloride (PVDC) , Ethylene Vinyl Alcohol (EVOH), Polyethylene Naphthalate (PEN), Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), and Others); By End-User (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Industrial, and Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America)

  • Published Date: October 2021
  • Report ID: BWC21148
  • Available Format: PDF
  • Page: 189

Report Overview

The global barrier resin market is anticipated to grow due to the increasing use of barrier resin in the packaging industry for providing advanced and flexible solutions.

Global Barrier Resin Market- Industry Trends & Forecast Report 2027

Global barrier resin market was worth USD 11.8 billion in 2020 and is further projected to reach USD 17.7 billion by 2027, at a CAGR of 6.0% during the forecast period (2021-2027). Barrier resin is a plastic used in a variety of end-use industries, including pharmaceuticals, food and beverage, agriculture, and others. Gases (oxygen, carbon dioxide, and nitrogen) and liquids cannot penetrate this packaging. The global barrier resin market has been driven by the growth of packaging in the medical field from emerging economies worldwide. Additionally, the prolonged shelf life of packaged food items, as well as the growing food and beverage industry, have contributed to the growth of the global barrier resin market.

Barrier Resin Market

Source: BlueWeave Consulting

Global Barrier Resin Overview

Resin is a natural product that is found in many plants, mainly in coniferous trees. A barrier resin is a type of plastic used to protect commodities from oxygen, carbon dioxide, nitrogen, vapor (water or solvent), and liquid penetration. As the name suggests, these resins or plastics act as a barrier between the packed commodities and other substances. Generally, barrier resins are made of PVDC, PP, PET, EVOH, PEN, and other materials. Because barrier resins have the above properties, they are widely used in various industries, including food & beverage, pharmaceuticals, agriculture, and others.

Global Barrier Resin Market Trend

Growth Drivers

Rising Growth in the Food & Beverage Industry

In the food & beverage industry, barrier resin is used to improve shelf-life, food quality, protect against harmful UV radiation, and prevent odor by preventing atmosphere commodities from penetrating. Barrier resin is most commonly used to package food and beverage commodities, such as canned food, meat, milk, carbonated soft drinks, and other food items. In 2017, there were 36,486 food and beverage processing establishments (plants) in the U.S., owned by 31,401 companies, according to Census Bureau data. The meat processing industry is one of the most revenue-generating segments of the U.S. food and beverage industry. According to the U.S. Department of Agriculture, meat processing has been the largest single food and beverage component in the U.S., accounting for 24% of shipments in 2019. The growing food and beverage industry and the need for proper and advanced packaging materials have propelled the barrier resin market’s growth.

Increasing Use for Packaging in Medical Field

Barrier packaging is one of the most demanding flexible packaging industry for healthcare applications. Barrier resin such as EVOH is flexible, crystal clear, and glossy thermoplastic copolymer, which possesses excellent flex-crack resistance, and has high resistance to oils and organic solvents. As a result, they are best suited for packaging drugs in medical fields to extend the product’s shelf life. Barrier resins like these are used to protect drugs and medicine, such as covers, pouches, and bottle labels. With the use of barrier resins, pharmaceuticals can avoid using glass and cans, reducing the total packaging weight and improving ease of handling.

Restraints

Fluctuating Raw Materials Prices

Plastic resins are made from crude oil, naphtha, monoethylene glycol, and natural gas. Resins such as PE, PP, and PET are majorly manufactured from crude oil. In recent years, the fluctuating price of crude oil worldwide has disrupted the production of barrier resins, increasing manufacturing costs. In 2022, Bank of America predicts that crude oil could top USD 100 a barrel as the world emerges from the COVID-19 pandemic. Therefore, fluctuating prices around the world have hindered the growth of the barrier resin market.

Impact of COVID-19

Many enterprises around the world have been affected by the pandemic. Several supply chains, logistics, raw material suppliers, mining laborers, and others have been affected by COVID-19. The pandemic has also influenced the market of barrier resin market. Several enterprises, commercial buildings, industries, and other businesses have shut down due to the shutdown. Similarly, the global economy and GDP fell, showing a downfall in the global market. As a result, the global barrier resin market was negatively impacted by COVID-19. Despite this, the market is likely to grow strongly in the years following the pandemic.

Global Barrier Resin Market: By Type

The barrier resin market is grouped into PVDC, EVOH, PEN, PET, PE, PP, and others based on types. In 2020, the EVOH (Ethylene Vinyl Alcohol) segment accounted for the largest share in the barrier resin market. EVOH's growth is because it is best characterized as a random copolymer. EVOH's most well-known and widely used properties are its gas barrier properties, particularly as an oxygen barrier in food packaging. Several research projects are underway to improve the barrier properties of EVOH resin, reducing the cost of production and increasing barrier properties.

Global Barrier Resin Market

Source: BlueWeave Consulting

Global Barrier Resin Market: Regional Insights

Geographically, the barrier resin market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among these, the Asia-Pacific accounted for the largest share in the barrier resin market in 2020 and is likely to dominate during the forecast period. The growth in the Asia-Pacific barrier resin market is majorly due to a large number of manufactures of barrier resin in the region. In addition, the rising food and beverage industry in countries such as China and India and the need for advanced packaging solutions to meet the industry's organic rising demand has accelerated the growth of the barrier resin market in the Asia-Pacific.  The Food and Beverage major PepsiCo announced in September 2021 that its Kosi Kalan Foods plant in Mathura, India, would be commissioned.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

Some of the key players in the barrier resin market are Solvay, Dow Chemical, INEOS, Kuraray, Teijin DuPont Films, Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, Mitsubishi Gas Chemical, The Nippon Synthetic Chemical Industry, Valspar , Honeywell International Inc, E.I. du Pont de Nemours and company, and other prominent players.

Recent Developments

  • In October 2021, Solvay, a global leader in packaging solutions announced that it has completed a proof-of-concept study demonstrating that polyvinylidene chloride (PVDC) can possibly be recycled The material is utilized in multilayer barrier packaging for food, beverages, and health care.

 

  • In July 2021, Nova Chemicals, a resin manufacturer developed a new HDPE resin that offers significantly improved moisture barrier for multilayer flexible packaging. Company reported that this product offeres 20% increase in the water transmission performance as compared to the previuos product by the company.

Scope of the Report

Attribute

Details

Years Considered

Historical Year – 2017-2020

Base Year – 2021

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, Australia, China, India, UAE, South Africa, Saudi Arabia, Turkey

Product/Service Segmentation

By Type, End-User, and Region

Key Players

Key Players for the market are Solvay, Dow Chemical, INEOS, Kuraray, Teijin DuPont Films, Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, Mitsubishi Gas Chemical, The Nippon Synthetic Chemical Industry, Valspar , Honeywell International Inc, E.I. du Pont de Nemours and company, and other prominent players

 

By Type

  • PVDC
  • EVOH
  • PEN
  • PET
  • PE
  • PP
  • Others

By End-User

  • Food & Beverage
  • Pharmaceutical & Medical
  • Cosmetics
  • Agriculture
  • Industrial
  • Others

By Region

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Barrier Resin Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development
    4. Government Regulations
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Barrier Resin Market Overview
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Billion)
      2. By Volume (kilo Ton)
    2. Market Share & Forecast
      1. By Type
        1. Polyvinylidene Chloride (PVDC)
        2. Ethylene Vinyl Alcohol (EVOH)
        3. Polyethylene Naphthalate (PEN)
        4. Polyethylene Terephthalate (PET)
        5. Polyethylene (PE)
        6. Polypropylene (PP)
        7. Others (PS, PVC, EVA, AND BI0–BASED)
      2. By End-User
        1. Food & Beverage
        2. Pharmaceutical & Medical
        3. Cosmetics
        4. Agriculture
        5. Industrial
        6. Others
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific
        4. Latin America
        5. Middle East and Africa
  6. North America Barrier Resin Market  
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Billion)
      2. By Volume (kilo Ton)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Country
        1. United States
        2. Canada
  7. Europe Barrier Resin Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Billion)
      2. By Volume (kilo Ton)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. Asia Pacific Barrier Resin Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Billion)
      2. By Volume (kilo Ton)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Rest of Asia Pacific
  9. Latin America Barrier Resin Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Billion)
      2. By Volume (kilo Ton)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Country
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  10. Middle East & Africa Barrier Resin Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Billion)
      2. By Volume (kilo Ton)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Country
        1. Saudi Arabia
        2. Turkey
        3. UAE
        4. South Africa
        5. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2020
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of Covid-19 on Barrier Resin Market Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Solvay
    2. Dow Chemical
    3. INEOS
    4. Kuraray
    5. Teijin DuPont Films
    6. Asahi Kasei
    7. ChangChun Group
    8. INVISTA
    9. KUREHA CORPORATION
    10. LG Chem
    11. MITSUBISHI GAS CHEMICAL
    12. The Nippon Synthetic Chemical Industry
    13. Valspar
    14. Honeywell International Inc
    15. E.I. du Pont de Nemours and company
    16. Nippon Synthetic Chemical Industry Co Ltd
    17. Other Prominent Players
  14. Key Strategic Recommendations

 

Table of Contents:

 

Fig 1: Global Barrier Resin Segmentation

Fig 2: Global Barrier Resin Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Global Barrier Resin Market Size, By Value (USD Billion), 2021-2027

Fig 5: Global Barrier Resin Market Size, By Volume (Kilo Ton), 2021-2027

Fig 6: Global Barrier Resin Market Share, By Type, By Value, 2021-2027

Fig 7: Global Barrier Resin Market Share, By Type, By Volume, 2021-2027

Fig 8: Global Barrier Resin Market Share, By End-User, By Value, 2021-2027

Fig 9: Global Barrier Resin Market Share, By End-User, By Volume, 2021-2027

Fig 10: Global Barrier Resin Market Share, By Region, By Value, 2021-2027

Fig 11: Global Barrier Resin Market Share, By Region, By Volume, 2021-2027

Fig 12: North America Barrier Resin Market Size, By Value (USD Billion), 2021-2027

Fig 13: North America Barrier Resin Market Size, By Volume (Kilo Ton), 2021-2027

Fig 14: North America Barrier Resin Market Share, By Type, By Value, 2021-2027

Fig 15: North America Barrier Resin Market Share, By Type, By Volume, 2021-2027

Fig 16: North America Parking System Market Share, By End-User, By Value, 2021-2027

Fig 17: North America Parking System Market Share, By End-User, By Volume, 2021-2027

Fig 18: North America Barrier Resin Market Share, By Country, By Value, 2021-2027

Fig 19: North America Barrier Resin Market Share, By Country, By Volume, 2021-2027

Fig 20: Europe Barrier Resin Market Size, By Value (USD Billion), 2021-2027

Fig 21: Europe Barrier Resin Market Size, By Volume (Kilo Ton), 2021-2027

Fig 22: Europe Barrier Resin Market Share, By Type, By Value, 2021-2027

Fig 23: Europe Barrier Resin Market Share, By Type, By Volume, 2021-2027

Fig 24: Europe Barrier Resin Market Share, By End-User, By Value, 2021-2027

Fig 25: Europe Barrier Resin Market Share, By End-User, By Volume, 2021-2027

Fig 26: Europe Barrier Resin Market Share, By Country, By Value, 2021-2027

Fig 27: Europe Barrier Resin Market Share, By Country, By Volume, 2021-2027

Fig 28: Asia-Pacific Barrier Resin Market Size, By Value (USD Billion), 2021-2027

Fig 29: Asia-Pacific Barrier Resin Market Size, By Value (USD Billion), 2021-2027

Fig 30: Asia-Pacific Barrier Resin Market Size, By Volume (Kilo Ton), 2021-2027

Fig 31: Asia-Pacific Barrier Resin Market Share, By Type, By Value, 2021-2027

Fig 32: Asia-Pacific Barrier Resin Market Share, By Type, By Volume, 2021-2027

Fig 33: Asia-Pacific Barrier Resin Market Share, By End-User, By Value, 2021-2027

Fig 34: Asia-Pacific Barrier Resin Market Share, By End-User, By Volume, 2021-2027

Fig 35: Asia-Pacific Barrier Resin Market Share, By Country, By Value, 2021-2027

Fig 36: Asia-Pacific Barrier Resin Market Share, By Country, By Volume, 2021-2027

Fig 37: Latin America Barrier Resin Market Size, By Value (USD Billion), 2021-2027

Fig 38: Latin America Barrier Resin Market Size, By Volume (Kilo Ton), 2021-2027

Fig 39: Latin America Barrier Resin Market Share, By Type, By Value, 2021-2027

Fig 40: Latin America Barrier Resin Market Share, By Type, By Volume, 2021-2027

Fig 41: Latin America Barrier Resin Market Share, By End-User, By Value, 2021-2027

Fig 42: Latin America Barrier Resin Market Share, By End-User, By Volume, 2021-2027

Fig 43: Latin America Barrier Resin Market Share, By Country, By Value, 2021-2027

Fig 44: Latin America Barrier Resin Market Share, By Country, By Volume, 2021-2027

Fig 45: Middle East & Africa Barrier Resin Market Size, By Value (USD Billion), 2021-2027

Fig 46: Middle East & Africa Barrier Resin Market Size, By Volume (Kilo Ton), 2021-2027

Fig 47: Middle East & Africa Barrier Resin Market Share, By Type, By Value, 2021-2027

Fig 48: Middle East & Africa Barrier Resin Market Share, By Type, By Volume, 2021-2027

Fig 49: Middle East & Africa Parking System Market Share, By End-User, By Value, 2021-2027

Fig 50: Middle East & Africa Parking System Market Share, By End-User, By Volume, 2021-2027

Fig 51: Middle East & Africa Barrier Resin Market Share, By Country, By Value, 2021-2027

Fig 52: Middle East & Africa Barrier Resin Market Share, By Country, By Volume, 2021-2027

 

List of Tables

 

Table 1: Global Barrier Resin Market Size, By Type, By Value, 2021-2027

Table 2: Global Barrier Resin Market Size, By Type, By Volume, 2021-2027

Table 3: Global Barrier Resin Market Size, By End-User, By Value, 2021-2027

Table 4: Global Barrier Resin Market Size, By End-User, By Volume, 2021-2027

Table 5: Global Barrier Resin Market Size, By Region, By Value, 2021-2027

Table 6: Global Barrier Resin Market Size, By Region, By Volume, 2021-2027

Table 7: North America Barrier Resin Market Size, By Type, By Value, 2021-2027

Table 8: North America Barrier Resin Market Size, By Type, By Volume, 2021-2027

Table 9: North America Barrier Resin Market Size, By End-User, By Value, 2021-2027

Table 10: North America Barrier Resin Market Size, By End-User, By Volume, 2021-2027

Table 11: North America Barrier Resin Market Size, By Country, By Value, 2021-2027

Table 12: North America Barrier Resin Market Size, By Country, By Volume, 2021-2027

Table 13: Europe Barrier Resin Market Size, By Type, By Value, 2021-2027

Table 14: Europe Barrier Resin Market Size, By Type, By Volume, 2021-2027

Table 15: Europe Barrier Resin Market Size, By End-User, By Value, 2021-2027

Table 16: Europe Barrier Resin Market Size, By End-User, By Volume, 2021-2027

Table 17: Europe Barrier Resin Market Size, By Country, By Value, 2021-2027

Table 18: Europe Barrier Resin Market Size, By Country, By Volume, 2021-2027

Table 19: Asia-Pacific Barrier Resin Market Size, By Type, By Value, 2021-2027

Table 20: Asia-Pacific Barrier Resin Market Size, By Type, By Volume, 2021-2027

Table 21: Asia-Pacific Barrier Resin Market Size, By End-User, By Value, 2021-2027

Table 22: Asia-Pacific Barrier Resin Market Size, By End-User, By Volume, 2021-2027

Table 23: Asia-Pacific Barrier Resin Market Size, By Country, By Value, 2021-2027

Table 24: Asia-Pacific Barrier Resin Market Size, By Country, By Volume, 2021-2027

Table 25: Latin America Barrier Resin Market Size, By Type, By Value, 2021-2027

Table 26: Latin America Barrier Resin Market Size, By Type, By Volume, 2021-2027

Table 27: Latin America Barrier Resin Market Size, By End-User, By Value, 2021-2027

Table 28: Latin America Barrier Resin Market Size, By End-User, By Volume, 2021-2027

Table 29: Latin America Barrier Resin Market Size, By Country, By Value, 2021-2027

Table 30: Latin America Barrier Resin Market Size, By Country, By Volume, 2021-2027

Table 31: Middle East & Africa Barrier Resin Market Size, By Type, By Value, 2021-2027

Table 32: Middle East & Africa Barrier Resin Market Size, By Type, By Volume, 2021-2027

Table 33: Middle East & Africa Barrier Resin Market Size, By End-User, By Value, 2021-2027

Table 34: Middle East & Africa Barrier Resin Market Size, By End-User, By Volume, 2021-2027

Table 35: Middle East & Africa Barrier Resin Market Size, By Country, By Value, 2021-2027

Table 36: Middle East & Africa Barrier Resin Market Size, By Country, By Volume, 2021-2027

Table 37: Solvay Financial Analysis

Table 38: Solvay Business Overview

Table 39: Dow Chemical Financial Analysis
Table 40: Dow Chemical Business Overview

Table 41: INEOS Financial Analysis

Table 42: INEOS Business Overview

Table 43: Kuraray Financial Analysis

Table 44: Kuraray Business Overview

Table 45: Teijin DuPont Films Financial Analysis

Table 46: Teijin DuPont Films Business Overview

Table 47: Asahi Kasei Financial Analysis

Table 48: Asahi Kasei Business Overview

Table 49: Uniper SE Financial Analysis

Table 50: Uniper SE Business Overview

Table 51: The Nippon Synthetic Chemical Industry Financial Analysis

Table 52: The Nippon Synthetic Chemical Industry Business Overview

Table 53: KUREHA CORPORATION Financial Analysis

Table 54: KUREHA CORPORATION Business Overview

Table 55: MITSUBISHI GAS CHEMICAL Financial Analysis

Table 56: MITSUBISHI GAS CHEMICAL Business Overview

Table 57: LG Chem Financial Analysis

Table 58: LG Chem Business Overview

Table 59: INVISTA Financial Analysis

Table 60: INVISTA Business Overview

Table 61: ChangChun Group Financial Analysis

Table 62: ChangChun Group Business Overview

 

Market Segmentation

By Type

  • PVDC
  • EVOH
  • PEN
  • PET
  • PE
  • PP
  • Others

By End-User

  • Food & Beverage
  • Pharmaceutical & Medical
  • Cosmetics
  • Agriculture
  • Industrial
  • Others

By Region

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America
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Frequently Asked Questions:

Ans: The global barrier resin market reached USD 11.8 billion in 2020.
Ans: The major factors driving the growth of the global barrier resin market are increasing use for packaging in medical field, and rising growth in the food & beverage industry.
Ans: The key players in the global barrier resin market are Solvay, Dow Chemical, INEOS, Kuraray, Teijin DuPont Films, Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, Mitsubishi Gas Chemical, The Nippon Synthetic Chemical Industry, Valspar , Honeywell International Inc, E.I. du Pont de Nemours and company, and other prominent players.
Ans: Based on type, the EVOH segment accounted for the larger share in the global barrier resin market.
Ans: Asia-Pacific caters the largest share in the global barrier resin market.