The barrier materials market share is expected to increase by USD 889.00 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7%.
This barrier materials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers barrier materials market segmentations by end-user (food and beverages, pharmaceuticals, cosmetics, agriculture, and others), type (PVDC, EVOH, PEN, and others), and geography (APAC, North America, Europe, MEA, and South America). The barrier materials market report also offers information on several market vendors, including Asahi Kasei Corp., Chang Chun Group, Dhunseri Ventures Ltd., Dow Inc., DuPont de Nemours Inc., Kuraray Co. Ltd., Kureha Corp., Mitsubishi Chemical Corp., Solvay SA, and Teijin Ltd. among others.
What will the Barrier Materials Market Size be During the Forecast Period?
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Barrier Materials Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising demand for barrier materials by major end-user industries is notably driving the barrier materials market growth, although factors such as increase in overall cost of packaging may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the barrier materials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Barrier Materials Market Driver
One of the key factors driving the barrier materials market is the rising demand for barrier materials by major end-user industries. Factors such as long working hours, increasing commuting time, and the emergence of nuclear families have led to many lifestyle changes. Barrier materials are primarily used for packaging food and beverage products such as meat, fish, beer, wine, and canned milk and vegetables. Packaged and convenience foods have significantly reduced cooking at home. Consumers are inclined toward packaged food products as they eliminate the need for food preparation. This has led to an increase in the demand for barrier materials used for food packaging. With the growth of the global packaged food market, the use of barrier materials will also increase. Barrier materials, especially PVDC and EVOH, are used for protecting pharmaceutical products against oxygen, biological contamination, light, moisture, and mechanical damage. The pharmaceutical packaging industry is expected to grow in emerging economies, such as India, China, Russia, Malaysia, and other developing countries.
Key Barrier Materials Market Trend
Another key factor driving the barrier materials market growth is the mergers and acquisitions. M&A help companies survive in the competitive market by increasing their market shares or improving the business model. Companies acquire smaller companies to widen their product base. For instance, in the global barrier materials market. The Dow Chemical Company and DuPont have merged with each other. The merger of both these companies has led to an increase in revenue and improvement in the product portfolio of the company. KURARAY acquired Plantic that manufactured a bio-based barrier film (primarily from a specialized form of starch) in 2015. The group had announced the acquisition of Calgon Carbon Corporation, which is expected to be completed by December 2017.
Key Barrier Materials Market Challenge
Increase in the overall cost of packaging is one of the key challenges hindering the barrier materials market growth. Packages used by the F&B and pharmaceutical industries are designed to protect the products from environmental conditions and mechanical damage. These packages are leakproof and preserve the flavor and quality of the packaged product. Raw materials used for the manufacturing of packaging materials must be of superior quality. The packaging products are subjected to stringent quality standards and tests before they are approved for use by end-user industries. These factors increase the overall production costs for the manufacturers. From December 1, 2017, KURARAY increased the price of all commercial and XEP grades of EVAL EVOH resin by $0.09/pound. The types and designs of packaging material are influenced by market conditions and are strictly monitored by regulatory bodies. Thus, the designing of the packaging materials used in the F&B, pharmaceutical, and cosmetics industries is becoming complex. Conventional packaging materials, such as plastics and glass, are still popularly used because of their inertness and cost-efficiency. These materials hinder the growth of the market.
This barrier materials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global barrier materials market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the barrier materials market during the forecast period.
Who are the Major Barrier Materials Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Asahi Kasei Corp.
- Chang Chun Group
- Dhunseri Ventures Ltd.
- Dow Inc.
- DuPont de Nemours Inc.
- Kuraray Co. Ltd.
- Kureha Corp.
- Mitsubishi Chemical Corp.
- Solvay SA
- Teijin Ltd.
This statistical study of the barrier materials market encompasses successful business strategies deployed by the key vendors. The barrier materials market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
Product Insights and News
- Asahi Kasei Corp. - The company offers barrier materials such as PVDC Latex.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The barrier materials market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Barrier Materials Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the barrier materials market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of specialty chemicals market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Support activities
- Innovations
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Barrier Materials Market?
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43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for barrier materials market in APAC. Market growth in this region will be faster than the growth of the market in regions.
Increasing production of PVDC, EVOH, and other materials in China, India, Malaysia, and Indonesia will facilitate the barrier materials market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
During the COVID-19 pandemic in 2020, many countries announced stay-at-home orders, which resulted in an increased preference for online grocery shopping. This new trend significantly impacted the packaging market and is expected to remain the same during the forecast period, post-COVID-19, which will drive the growth of the global barrier materials market.
What are the Revenue-generating End-user Segments in the Barrier Materials Market?
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The barrier materials market share growth by the food and beverages will be significant during the forecast period. Barrier materials are mainly used for packaging meat, fish, beer, wine, canned milk and vegetables, and fruits. Barrier films or sheets used for packaging baby food are lightweight and unbreakable. They offer excellent protection against oxidation and insulation properties. During the COVID-19 pandemic in 2020, many countries announced stay-at-home orders, which resulted in an increased preference for online grocery shopping. This new trend significantly impacted the packaging market and is expected to remain the same during the forecast period, post-COVID-19, which will drive the growth of the global barrier materials market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the barrier materials market size and actionable market insights on post COVID-19 impact on each segment.
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Barrier Materials Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2021-2025 |
$ 889.00 million |
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Market structure |
Concentrated |
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YoY growth (%) |
6.00 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 43% |
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Key consumer countries |
China, US, India, Germany, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Asahi Kasei Corp., Chang Chun Group, Dhunseri Ventures Ltd., Dow Inc., DuPont de Nemours Inc., Kuraray Co. Ltd., Kureha Corp., Mitsubishi Chemical Corp., Solvay SA, and Teijin Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Barrier Materials Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive barrier materials market growth during the next five years
- Precise estimation of the barrier materials market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the barrier materials industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of barrier materials market vendors
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