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The global barrier materials market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years. Barrier materials refer to various packaging and enclosure solutions designed to minimize or prevent the permeability of gases, liquids or radiation. They are effective against oxygen, nitrogen, carbon dioxide, water vapors, aroma compounds and light, and maintain the quality of the packaged contents. Some of the commonly used barrier materials include glass, metal, plastic and laminated films. They are often used along with polypropylene, polyethylene, polyamide, ethylene vinyl alcohol, polylactic acid and ethylene-vinyl acetate for improved sealing, optical clarity and various other mechanical and barrier properties. As a result, they find applications across various industries, such as food and beverage, pharmaceutical, cosmetics, automotive and agriculture.
Significant growth in the packaging industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the growing demand for effective packaging solutions from the pharmaceutical and food and beverage industries is augmenting the market growth. With rising awareness regarding food safety among the masses, barrier materials are widely used to manufacture packaging materials with enhanced shelf-life. They are also used for protecting products, such as meat, fish, dairy and farm produce, from contamination and deterioration in quality. Additionally, various product innovations, such as the development of bio-based barrier materials, are acting as other growth-inducing factors. In comparison to the traditionally used materials, these bio-barriers are recyclable, compostable and biodegradable. In line with this, product manufacturers are also developing colorful prints and innovative adhesives to bond the layers together. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities for the production of scratch and abrasion resistant materials, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global barrier materials market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and end use industry.
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Breakup by End Use Industry:
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The report has also analysed the competitive landscape of the market with some of the key players being 3M Company, Arkema S.A., Asahi Kasei Corporation, Chang Chun Petrochemical Co. Ltd., Kuraray Co. Ltd., Kureha Corporation, Mondi plc, Solvay S.A., Teijin Limited and The Dow Chemical Company.
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