Barrier Materials Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2028
Barrier materials are plastic coatings or multilayer combinations intended to minimize the diffusion of water and gas into and out of a flexible or rigid package. The EVOH, PVDC, PEN, PP, and PE are some of the examples of the barrier materials. These materials are effective against nitrogen, water vapors, oxygen, carbon dioxide, light and aroma compounds, and preserve the quality of the packaged products. Also, these materials are transparent and flexible and can be used in packaging applications in industries such as the food and beverage, pharmaceutical, and cosmetic industry. The market for barrier materials is on the rise as they have been widely adopted in numerous applications on account of their unique properties such as thermal stability, long shelf life, and high-performance levels. Moreover, barrier materials finds its applications in individual moisture barrier packing, air barrier packing, and vapor barrier packing applications. Thus increased adoption of barrier materials in applications such as food ingredients, dried food, resins, pharmaceuticals and cosmetics, automotive coatings, pigments and animal feed is further improving the market growth at rapid pace.
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BARRIER MATERIALS MARKET DYNAMICS
A surge in the demand for packaged food products increases the demand for barrier materials for food packaging applications. Food is an integral part of daily life. Sustainability, counterfeit protection, efficiency, convenience, traceability, and flexibility are some of the main parameters associated with packaging solutions. For consumers, sustainable and easy-to-use packaging is becoming a priority now than ever before. Thus, factors such as growing demand of the consumer for packaged food owing to changing eating habits and improving lifestyle, high disposable income of the consumers, increasing population, demand for high quality and natural food with increased shelf life are propelling the growth of the market. Moreover, factors such as a surge in the demand for blister packaging and drug delivery systems, growing technological advancements, adoption of new regulatory standards and increased health awareness, and increasing demand for primary pharmaceutical packaging are again impelling the growth of the market.
COVID 19 IMPACT ON BARRIER MATERIALS MARKET
Covid19, drastically affects the world supply chain and industrial sector growth. At the initial stages of the pandemic, the world experienced, ‘supply shocks’. China who plays a major role in the world’s supply chain was severely affected. There were disruptions to the availability of goods supplied from China. Supply of both finished and unfinished goods reduced. Day by day as the situation worsened, quarantines, social distance practices were imposed and nations begun instituting lockdowns. Following this the supply chains experienced demand shocks. The shutdown of economic activities affected all the sectors. Manufacturing and mining industry’s sluggish growth in turn affected the barrier materials market.
MARKET DRIVERS AND TRENDS
The global barrier materials market is expected to grow at a CAGR during the forecast period. The rising demand for sustainable packaging solutions and the increasing focus on reducing food waste are major drivers of market growth. Additionally, the growth of e-commerce and the need for safe and secure packaging solutions for online purchases are expected to drive the demand for barrier materials.
New innovations in barrier material technology are also driving market growth. For example, the development of high-barrier bio-based materials and the use of nanotechnology to improve barrier performance are creating new opportunities for manufacturers. The use of barrier coatings and films made from recycled materials is also gaining popularity as a sustainable packaging solution.
CHALLENGES IN THE MARKET
Despite the growth prospects, the barrier materials market faces some challenges. One of the primary concerns is the high cost of raw materials and manufacturing processes, which can increase the overall cost of packaging solutions. Additionally, the lack of standardization in barrier material testing and performance evaluation can create confusion for consumers and hinder market growth.
BARRIER MATERIALS MARKET SEGMENTAL OVERVIEW
The report analyses the Barrier Materials market based on category, type, industry, and geography
BARRIER MATERIALS MARKET BY CATEGORY
- high barriers and moderate
- low barrier
BARRIER MATERIALS BY TYPE
- ethylene vinyl alcohol
- polyvinylidene chloride
- polyethylene naphthalate
The aluminium segment held the largest market share in 2020 and is expected to grow at a CAGR of 5.60% during the forecast period. Increasing application of aluminium in packaging applications mostly in food, pharmaceutical, and cosmetics, and surge in the use of aluminium as a barrier material owing to its several benefiting properties are major contributing factors behind the market growth.
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BARRIER MATERIALS MARKET BY END USE INDUSTRY
- food and beverage
BARRIER MATERIALS BY GEOGRAPHY
- North America
- Asia Pacific
- rest of the world
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BARRIER MATERIALS KEY PLAYERS
- 3M (United States)
- Kuraray Co., Ltd (Japan)
- The Dow Chemical Company (United States)
- Solvay S.A (Belgium)
- Chang Chun Petrochemical Co., Ltd (Taiwan)
- DuPont de Nemours, Inc. (United States)
- Kureha Corporation (Japan)
- Asahi Kasei Corporation (Japan)
- Teijin Limited (Japan)
- Nippon Synthetic Chem Industry Co., Ltd. (Japan)
- Zhejiang Juhua Co., Ltd (China)
- Mondi Group plc (UK)
- Coexpan (Spain)
- Arkema (France)
- Toppan Printing CO. Ltd (Japan)
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Barrier Materials play a vital role in protecting products during shipping and storage. The global barrier materials market is expected to grow significantly, driven by the increasing demand for sustainable and advanced packaging solutions. However, challenges such as high costs and lack of standardization need to be addressed to realize the full potential of the market. The development of new technologies and materials can help overcome these challenges and create new opportunities for manufacturers in the barrier materials market.
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