Barrier Resins for Food Packaging Market was valued at USD 5.00 Billion in 2022 and is projected to reach USD 8.50 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
he Barrier Resins for Food Packaging Market has experienced significant growth from 2018 to 2022, driven by the increasing demand for extended shelf life and enhanced food safety.n 2021, the market was valued at approximately $3.23 billion and is projected to reach $3.41 billion in 2022, reflecting a compound annual growth rate (CAGR) of 5.75%.citeturn0search10
ooking ahead, the market is expected to continue its upward trajectory, with projections estimating a value of $5.18 billion by 2028, indicating a CAGR of 7.5%.citeturn0search3
his growth is attributed to several factors, including the rising demand for food products with longer shelf life, increased consumer awareness regarding food safety, and advancements in packaging technologies.arrier resins, such as Polyvinylidene Chloride (PVDC), Ethylene Vinyl Alcohol (EVOH), and Polyethylene Naphthalate (PEN), play a crucial role in preserving the quality and freshness of food items by preventing the ingress of oxygen and moisture.
he Asia-Pacific region has been a significant contributor to this market expansion, with countries like China and India leading the demand for barrier resins in food packaging applications.he region's rapid urbanization, coupled with a growing middle-class population, has spurred the need for convenient and long-shelf-life food products.
n response to the escalating demand for sustainable packaging solutions, manufacturers are focusing on developing biodegradable and recyclable barrier resins.or instance, in December 2020, Royal DSM launched Discovery resins for the packaging industry that are sustainable and plant-based, emitting fewer volatile organic compounds (VOCs) and carbon emissions.citeturn0search10
he pharmaceutical and medical sectors also contribute to the demand for barrier resins, as these materials are essential in packaging to prevent the penetration of gases, vapors, and liquids, thereby ensuring product integrity and safety.
n summary, the Barrier Resins for Food Packaging Market has demonstrated robust growth from 2018 to 2022, with a positive outlook for the period from 2023 to 2033.his growth is driven by the increasing demand for extended shelf life, enhanced food safety, and sustainable packaging solutions across various industries.
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Chang Chun Petrochemical
Asahi Kasei
SK (Dow）
Kureha
Kuraray
Teijin
Solvay
Juhua Group
Mitsubishi Chemical Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Barrier Resins for Food Packaging Market
Dairy Products
Meat
Beverage
Others
Based on Types the Market is categorized into Below types that held the largest Barrier Resins for Food Packaging market share In 2023.
EVOH Resin
PVDC
PEN
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Barrier Resins for Food Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Barrier Resins for Food Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Barrier Resins for Food Packaging Market, By Type
6. Global Barrier Resins for Food Packaging Market, By Application
7. Global Barrier Resins for Food Packaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Barrier Resins for Food Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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