[211 Pages Report] Global Barrier Resins Market is projected to reach USD 3.52 billion by 2026, at a CAGR of 5.85% between 2016 and 2026. The market is mainly driven by the growth in the pharmaceutical packaging industries in emerging economies, the enhanced shelf life of packaged food products, and the growing urbanization and changing lifestyles that are driving the food packaging market.

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China leads the Asia-Pacific region barrier resins market due to its huge population and growing economy. It is projected to be the fastest-growing global barrier resins market. Rapid developments in the barrier resins technology in major economies, namely, China, India, and Japan is vigorously pushing the demand for barrier resins in the Asia-Pacific region. Also, with the increasing demand and rising incomes, China is expected to remain the main hub for the consumption of barrier resins during the forecast period.

The food & beverage is the largest application segment of the global barrier resins market, where the resin is majorly used in the packaging of food & beverage products such as canned milk, meat, fish, beer, wine, canned vegetables & fruits, and carbonated soft drinks. The barrier resins used for food & beverage packaging provide properties such as extended shelf life, long lasting flavour and quality of the food, prevent oxygen and odours from penetrating the package, and protect sensitive vitamin content. In meat packaging, barrier resins work as a shield against the permeation of oxygen, moisture, and UV rays. It also protects the flavor and aroma in the product. The main reasons for the increase in the demand for barrier resin food packaging is that people are now attracted to flexible packaging due to the ease of handling, the lower cost, and the visual appeal which is ultimately driving the global barrier resins market.

The food & beverage is the largest application segment of the global barrier resins market, where the resin is majorly used in the packaging of food & beverage products such as canned milk, meat, fish, beer, wine, canned vegetables & fruits, and carbonated soft drinks. The barrier resins used for food & beverage packaging provide properties such as extended shelf life, long lasting flavour and quality of the food, prevent oxygen and odours from penetrating the package, and protect sensitive vitamin content. In meat packaging, barrier resins work as a shield against the permeation of oxygen, moisture, and UV rays. It also protects the flavor and aroma in the product. The main reasons for the increase in the demand for barrier resin food packaging is that people are now attracted to flexible packaging due to the ease of handling, the lower cost, and the visual appeal which is ultimately driving the global barrier resins market.

Ethylene vinyl alcohol (EVOH) is projected to be the fastest-growing type in the global barrier resins market. EVOH is a highly flexible thermoplastic barrier resin that has major applications in the food & beverage and pharmaceutical packaging as it is highly transparent, weather, oil & solvent resistant, moldable, and recyclable. Under most conditions, the EVOH barrier resin has superior barrier properties compared to other high barrier materials such as Polyvinylidene Chloride (PVDC) and is capable of meeting other demanding requirements, such as oxygen barrier in medical packaging, flavor preservation in coffee, and barrier to fragrances and solvents in cosmetics packaging.

Companies such as Asahi Kasei Corporation (Japan), Chang Chun Petrochemical Co., Ltd. (Taiwan), E.I. du Pont de Nemours and Company (U.S.), INVISTA (U.S.), Kuraray Co., Ltd (Japan), Kureha Corporation (Japan), Solvay S. A. (Belgium), Teijin Limited (Japan), The Dow Chemical Company (U.S.), The Nippon Synthetic Chemical Industry Co., Ltd. (Japan), Zhejiang Juhua Co., Ltd. (China), Honeywell International, Inc. (U.S.), and Ineos Group Limited (Switzerland) are the key players in the global barrier resins market.

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