Barrier Resin Market Size, Share, Analysis, Trends, Growth, 2032

Barrier Resin Market Insights

According to a report from Zion Market Research, the global Barrier Resin Market was valued at USD 2.24 Billion in 2023 and is projected to hit USD 7.51 Billion by 2032, with a compound annual growth rate (CAGR) of 14.4% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Barrier Resin Market industry over the next decade.

Request Free Sample

Global Barrier Resin Market: Overview.

Barrier Resins can be simply described as substances that have the ability to act as an obstacle between any compound, that they are placed on, and their surroundings. They are used as coating materials to offer protection to products.

They are fundamentally utilized in the food and beverage industry. They also have applications in cosmetic, pharmaceutical and agricultural industries among others. Their primary function is to shield products from contamination and degradation from physical and chemical agents such as moisture, solvents, oxygen, oil, UV rays, and temperature.

The accelerated growth of the food and beverage industry and the increasing awareness of health, safety and hygiene standards are some of the major factors that are augmenting the growth of the Barrier Resin market.

Request Free Sample

Global Barrier Resin Market: COVID-19 Impact Analysis

Before the COVID-19 pandemic, companies in the barrier resin market were thriving. However, during the pandemic, the players in the market took a sharp hit because of the worldwide lockdown and business shutdowns. This ultimately affected the Barrier Resin market as there was a decline in the sales and demand of personal care products, cosmetics and fast-moving consumer goods. As Barrier Resins are primarily utilized in the packaging of these end-use industries, the market was negatively impacted.

Furthermore, with the lockdown, manufacturing facilities across various countries were shut down which affected the manufacturing and thereby, sales of Barrier Resins. The efforts of the companies to enhance their sales and revenue had come to a halt as they saw a sudden disruption in their supply chain as well as demand. However, the pandemic has also generated a need for pharmaceutical products which will drive the growth of Barrier Resins in the pharmaceutical segment during the forecast period.

Global Barrier Resin Market: Growth Factors

The proliferating significance of using packaged food over unpacked food, the accelerated growth of urbanization and changes in lifestyle trends are some of the key factors that are responsible for the growth of the global Barrier Resin market.

Owing to the presence of a large number of water-borne and food-borne diseases, consumer awareness regarding safety, health and hygiene standards has been on a rise. Due to this, there has been a dynamic shift in the consumption of packaged foods. Additionally, factors such as convenience, ease of availability and bustling lifestyles create increased demands for packaged foods.

These factors have a cumulative effect on the Barrier Resin market as Barrier Resins are employed in the packaging of a wide range of food products such as condiments, sauces, confectionaries, baked goods among others. They also enhance the shelf life of packaged foods and beverages, which adds to their increased utilization in these industries.

Barrier Resin Market: Report Scope

Type Segment Analysis Preview

EVOH held a share of over 25% in 2020. This immense share is attributable to its stellar characteristics that include imparting exceptional barrier resistance to counter moisture, gas and oil, strong ability to be recycled and distinguished resistance to temperature.

Additionally, EVOH resins are transparent in nature and are easily molded. Owing to these features, they are extensively used in packaging industry for the packaging of food and beverages, cosmetics and pharmaceuticals. They are fundamentally used in food packaging especially for moisture and heat sensitive foods like dairy and meat products.

They are followed by PET, PA and Nitrile resins as one of the most prominent Barrier Resins. They are used in food, healthcare, chemical, industrial, and beverage packaging. PET resins are predominantly used as carbon dioxide barriers in bottled beverages. Nitrile and PA resins are primarily used in the packaging of moisture-sensitive drugs as barriers against oxygen and moisture.

End-use Industry Segment Analysis Preview

In Global Barrier Resin Market Report, The food and beverage segment is anticipated to reach a CAGR of over 3.2% between 2021 and 2028. This phenomenal growth is accredited to their impressive ability to protect products from damage and contamination.

EVOH, PEN, PA and PLA resins are majorly used in the food and beverage industry. They act as barriers against carbon dioxide, oxygen, moisture, UV rays among others to protect beverages such as soft drinks, wine and beer; and food products such as dairy and meat products, fruits and vegetables among others. 

Subsequently, the pharmaceutical and cosmetic industries held over 22% share in 2019, owing to their strong ability of providing protection against temperature, moisture, light, oxygen, odor and damage. They achieve this by acting as barriers against these physical and chemical agents. EVOH resins are predominantly used in the pharmaceutical packaging of vitamin tablets, bottles of cough syrups and other containers whereas PVDC is majorly used in the labeling materials.

Request Free Sample

Global Barrier Resin Market: Regional Analysis Preview

In Global Barrier Resin Market Report, The Asia Pacific region held a share of over 27% in 2020. This share can be attributed to the region’s economic growth, rapid industrialization and enhanced lifestyle standards.

Countries like India and China are experiencing changes in their demographics and income trends. Owing to these changes, the region is seeing economic growth, rise in their industrial sector and enhanced infrastructure. These changes have promoted the rise in disposable incomes and standard of living. This further contributes to changes in eating and living habits, promoting the growth of consumer goods, packed products, food and beverages, personal care and healthcare products.

All these end-use industries utilize Barrier Resins, enhancing their demand and usage. The presence of a number of developing economies in the Asia Pacific region will support the growth of these industries during the forecast period. This, in turn, will maintain the dominance of the region in the Barrier Resin market.

The North America region is expected to reach a CAGR of over 3% between 2021 and 2028. This growth can be credited to the prominent rise of the packaging industry in the region.

Barrier Resins are used in the packaging of food and beverages, packaged goods, pharmaceuticals, medical devices, personal care products and cosmetics. Due to the change in lifestyle patterns and trends, North America is amongst the top consumers of packaged foods and cosmetics. Owing to the increased health awareness, North American countries have also seen a surge in their consumption of bottled water along with other health drinks and beverages.

Furthermore, developed economies such as the US and Canada show highly advanced pharmaceutical and healthcare sectors. These factors are responsible in bolstering the Barrier Resin market in the North American region as they are being utilized in the packaging of a number of products in these industries.

Request Free Sample

Global Barrier Resin Market: Competitive Landscape

Some of the key players in the Barrier Resin market are

• The Dow Chemical Company
• INVISTA
• Kuraray Co.
• Teijin Limited
• The Nippon Synthetic Chemical Industry Co. Ltd.
• Zheijang Juhua Co. Ltd.
• Honeywell International Inc.
• Ineos Group Ltd.
• Exxon Mobil Corporation
• E.I. du Pont de Nemours and Company
• LyondellBasell Industries 
• Solvay S. A.
• among others.

The companies in the global Barrier Resin market are focusing on widening their product portfolio to create products that cater to the needs of the end-users proficiently. They are also coming up with new technologies for the efficient manufacturing of their products. For instance, in June 2021, The Dow Chemical Company announced that they will be utilizing a mass-balance approach to manufacture polyurethane resins.

Furthermore, players in the Barrier Resin market are also focusing on mergers and acquisitions to enhance their market share. For instance, in July 2021, Bayer’s coating business was acquired by Solvay.

The global Barrier Resin market is segmented as follows:

Global Barrier Resin Market By Type

• Ethylene Vinyl Alcohol (EVOH)
• Polyethylene Naphthalate (PEN)
• Polyvinylidene Chloride (PVDC)
• Polyamide (PA)
• Polyethylene (PE)
• Others

By End-use Industry

• Food and Beverage
• Pharmaceutical and Medical
• Personal Care and Cosmetics
• Agricultural
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa