Recent report published by research nester titled “Barrier Resins Market: Global Demand Analysis & Opportunity Outlook 2027,delivers detailed overview of global barrier resins market in terms of market segmentation by product type, by application type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Resins are natural element found in coniferous trees. The property of resin is that it protects plants from external injury. The global barrier resins market can be segmented on the basis of product type, application and by region. On the basis of product type, it is further sub segmented into EVOH (Ethylene vinyl alcohol), PEN (Polyethylene naphthalate) and PVDC (Polyvinylidene chloride).Moreover, on the basis of application, it is further sub segmented into agricultural industrial, chemical industries, food & beverage, personal care & cosmetics and pharmaceutical & medical. The major developing economies such as China and India are witnessing robust growth in the pharmaceutical industry on the account of improved shelf life of the packaged products using barrier resins.
The global barrier resins market is anticipated to grow at a CAGR around 5% during 2017-2027. It is anticipated to reach around 6 Billion by the end of 2027. The growth can attributed to rapid industrialization in developing economies across the globe.
By region, Asia-Pacific region is anticipated to grow at the fastest rate on the account of rapid economic growth and expansion in the food and agricultural industry.
Innovation in technology and globalization will foster the growth of the global barrier resins market
The increase use of barrier resins is becoming easier and economical on the account of the new developments and technological advancement being made in technology. Thus, it is anticipated that the Barrier Resins market will witness robust growth in all the developed and developing countries in upcoming years. Rapid globalization, industrialization and strengthening economic conditions have improved the living standards worldwide. Rising consumer expenditure on cosmetics and beauty products is anticipated to drive barrier resin market in the forecast period.
. The various drivers such as, carry and apply properties offered by cosmetic packaging solutions will augment product penetration. Increasing cosmetic consumption in smaller packaging sizes has further enhanced the industry growth.
This report also provides the existing competitive scenario of some of the key players of the global barrier resins market which includes company profiling of key companies such as Asahi Kasei Corporation, Du pont de nemours and company, Chang chun petrochemical co. ltd, INVISTA, Kurray Co. Solvay S.A, Teijin Limited, The Nippon synthetic chemical industry co Ltd, Zheijang Juhua Co, Ltd, Honeywell international Inc and Ineos Group Limited. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global barrier resins market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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