Barrier Materials Market by Type & by End-Use Industry – Global Forecast to 2020

Barrier materials are categorized into varied types, such as PVDC, EVOH, and PEN, based on their functionalities. They possess inherent properties, such as high durability, strong impact and thermal, and chemical resistances. PVDC are advantageous in terms of transparency, gloss & printing characteristics, good scratch & abrasion resistance, and antilog as compared to other types. PVDC are readily available and can be easily converted into finished products, thereby meeting the necessary performance demands for varied applications, such as food & beverage, pharmaceutical, cosmetic, and agriculture industries.

Asia-Pacific is the leader of the barrier material market; this dominance is expected to continue till 2020. China is the key market in the region, accounting for more than half of the demand for barrier materials, followed by India, Japan, and Taiwan, where the demand is growing steadily. Increase in the demand for barrier materials, especially for PVDC, EVOH, and PEN has been observed in Asia-Pacific due to continued industrialization and growth of the manufacturing sector in the region. The continuous growth and innovation, along with industry consolidations, are projected to contribute to the growth of the industry.

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The major types of barrier materials include PVDC, EVOH, and PEN. The demand for barrier materials is expected to be high across industries such as food & beverage, pharmaceutical, cosmetic, and agriculture. The barrier material market is observing a huge number of opportunities from which future growth is expected. The Supply-demand gap in raw materials and safeguarding against counterfeit products are the major challenges in the barrier material market.

Currently, Asia-Pacific is the biggest market of barrier materials, accounting for nearly 42.37% of the total market size, in terms of value, in 2014. China dominates the barrier materials market, globally, which had the maximum market share in 2014, closely followed by the U.S. PVDC is the largest consumed type of barrier material, followed by EVOH.

On the basis of end-user industry, the barrier material market is further categorized into food & beverage, pharmaceutical, cosmetic, and agriculture, and others. In terms of volume, the food & beverage segment accounted for the largest share of 48.13% of the market in 2014, while, the market share for pharmaceutical was estimated to be 24.35%. The food & beverage end-user application of barrier materials is projected to grow at the highest CAGR of 5.20% between 2015 and 2020, in terms of volume. The growth in end user-segment is primarily driven by the growing food & beverage and pharmaceutical industries, mainly in the developing nations.

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Asia-Pacific – The most dominant region in the barrier material market

The barrier materials market in Asia-Pacific is one of the fastest-growing markets and is projected to continue domination in the near future. Asia-Pacific is also the biggest market of barrier materials that accounted for a share of more than 42.37% of the total market, in terms of volume, in 2014, which was mainly due to China’s contribution. India is the fastest-growing market of barrier materials in the region owing to growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

PVDC – The biggest market and EVOH, the fastest-growing type segment in the barrier material market

PVDC is the largest type-segment of barrier materials. Asia-Pacific is currently the largest market of PVDC, which accounted for a share of 42.74% of the total market in 2014. EVOH is a highly flexible thermoplastic barrier material that has major applications in food & beverage and pharmaceutical packaging as it is highly transparent; weather, oil & solvent resistant; moldable and recyclable.

Premium Insights (Page No. – 30)

4.1 Attractive Opportunities in the Barrier Material Market

4.2 Barrier Material

4.3 Barrier Material Market in Asia-Pacific

4.4 Leading Countries in the Barrier Materials Market, 2014

4.5 Barrier Materials Market Size, By Leading Countries, 2015-2020 (Kiloton)

4.6 Barrier Material Market, By End-Use Industries (2014)

4.7 Lifecycle Analysis, By Region

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