Barrier materials are on the rise as they have been widely accepted in various applications owing to their unique properties such as their high performance levels, long shelf life, and the thermal stability they provide to food products by reducing the passage of aroma, radiation, gases, and water vapor. These materials are transparent, flexible, and employed in the production of thin films and sheets for food packaging to obstruct atmospheric air and preserve the quality of food for longer durations. Barrier materials help wet foods retain moisture and dry foods absorb it. These factors are likely to propel the barrier materials market over the forecast period, apart from the growth of manufacturing sectors due to the rising industrialization around the world. Concerns over health care and social security have led to improvements in high-end barrier materials. The burgeoning food & beverages industry in Asia Pacific is expected to create more opportunities for the market over the next few years.

Barrier materials finds its maximum usage in food and beverages industry due to increasing demand for packaged food. For instance, the US Food and Drug Administration (FDA) have made it mandatory to use barrier materials in packaging of food and beverages to increase the shelf life of the consumables. Barrier materials are also being increasingly used for packaging pharmaceuticals ingredients to prevent them from sensitive atmospheric temperature. Therefore increasing adoption of barrier materials in food and beverages and pharmaceutical industry will play a key role in driving the growth of this market. As food and beverage industry has increasing share worldwide, this will boost the market demand overtime.

The barrier materials market has been classified by type into the following categories: PVDC, EVOH, PEN, and others. PVDC was the leading segment in 2016 and is anticipated to retain its dominance over the forecast period. PVD is an efficient polymer formed via the polymerization of vinylidene chloride monomer with a range of monomers such as unsaturated carboxyl groups and acrylic esters. It is extensively used in high-performance packaging applications in the medical, cosmetics, and food & beverages sectors. PVDCs are transparent, glossy, recyclable, scratch-proof, and printable – and thereby increasingly preferred over other types. Based on end-user industry, the barrier materials market is segregated into the following groups: pharmaceuticals, food & beverages, agriculture, cosmetics, and others. Food & beverages was a rapidly expanding sector in 2016 and is estimated to remain dominant over the forecast period, driving the barrier materials market. Rising demand for convenience food products is likely to motivate this industry and thereby the barrier materials market over the predicted period.   

Geographically, the barrier materials market is distributed over North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific constituted the dominant share of the market in 2016 and is likely to retain its position over the forecast period. Rising demand for barrier materials such as EVOH, PVDC, and PEN has been a crucial factor responsible for the surge in industrialization and manufacturing activities. Increasing focus on health care and social security has led to the evolution of the barrier materials market in Asia Pacific. China is a key country in this region. North America accounted for a considerable market share due to its well-established end-user industries. Middle East & Africa is an emerging region for the barrier materials market as they are widely used for food & beverages and pharmaceuticals.

Key players operating in the barrier materials market include Solvay SA, Dow Chemicals, Teijin, Kuraray Co. Ltd., and E. I. du Pont de Nemours and Company. Other major companies include Chang Chun Petrochemical, Kureha Corporation, and The Nippon Synthetic Chemical Industry.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Barrier Materials Market

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