The report “Barrier Materials Market by Type (PVDC, EVOH, PEN and Others), by End-Use Industry (Food & Beverage, Pharmaceutical, Cosmetic, Agriculture, and Others) - Global Forecast to 2020” defines and segments the barrier materials market with analysis and forecast of the market sizes. The global barrier materials market was valued at USD 1.74 Billion in 2014 and is expected to reach USD 2.64 Billion by 2020, at a CAGR of 7.26%, between 2015 and 2020.

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The major market players of barrier materials include Kuraray Co., Ltd (Japan), The Dow Chemical Company (U.S.), E.I. DuPont de Numerous and Co. (U.S.), Solvay SA (Belgium), and Chang Chun Petrochemical Co., Ltd (Taiwan), Kureha Corporation (Japan), Ashahi Kasei Corporation (Japan), Teijin Limited (Japan), and Zhejiang Juhua Co., Ltd. (China).

On the basis of end-user industry, the barrier material market is further categorized into food & beverage, pharmaceutical, cosmetic, and agriculture, and others. In terms of volume, the food & beverage segment accounted for the largest share of 48.13% of the market in 2014, while, the market share for pharmaceutical was estimated to be 24.35%. The food & beverage end-user application of barrier materials is projected to grow at the highest CAGR of 5.20% between 2015 and 2020, in terms of volume. The growth in end user-segment is primarily driven by the growing food & beverage and pharmaceutical industries, mainly in the developing nations.

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Asia-Pacific – The most dominant region in the barrier material market

The barrier materials market in Asia-Pacific is one of the fastest-growing markets and is projected to continue domination in the near future. Asia-Pacific is also the biggest market of barrier materials that accounted for a share of more than 42.37% of the total market, in terms of volume, in 2014, which was mainly due to China’s contribution. India is the fastest-growing market of barrier materials in the region owing to growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

PVDC – The biggest market and EVOH, the fastest-growing type segment in the barrier material market

PVDC is the largest type-segment of barrier materials. Asia-Pacific is currently the largest market of PVDC, which accounted for a share of 42.74% of the total market in 2014. EVOH is a highly flexible thermoplastic barrier material that has major applications in food & beverage and pharmaceutical packaging as it is highly transparent; weather, oil & solvent resistant; moldable and recyclable.

Food & beverage end-user industry – the fastest-growing market of barrier material

The food & beverage segment is one of the fastest-growing end-use industries of barrier materials, which is projected to grow at a CAGR of 7.51% between 2015 and 2020. The barrier material market has a high growth potential in the next five years. Currently, the demand for barrier materials is driven by the dynamic growth in the food & beverage industry in Asia-Pacific and RoW regions.

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