The global barrier materials market to grow at a CAGR of 7.14% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global barrier materials market for 2016-2020. In order to calculate the market size, we considered the revenue generated through sales of barrier material products for end-use industry such as food and beverage, pharmaceutical, cosmetics, agriculture, and others (pipes and tanks, industrial, and military).
According to the report, advanced manufacturing processes, technological innovations, and strategic alliances of companies have resulted in the rapid growth of the pharmaceutical packaging industry. Barrier materials, especially PVDC and EVOH, are primarily used for protecting pharmaceutical products against light, moisture, oxygen, biological contamination, mechanical damage, and counterfeiting. The pharmaceutical packaging industry is expected to post the highest growth in emerging economies, such as Brazil, Russia, India, China, and South Africa (BRICS).
The growth in these countries is fostered by an increased disposable incomes and growth in healthcare facilities. Large population base, favorable demographics (growing population and higher life expectancy) are the key drivers for the market growth in India and China. For instance, in 2014, the life expectancy in India was 68 years and in China was 68.
Further, the report states that major manufacturers such as Kuraray, Dow Chemical, and DuPont are continuously expanding their barrier materials business across different regions. On the contrary, the number of raw material suppliers of EVOH, PEN, PVDC, and others is low in many countries, which is further leading to a massive gap in the supply and demand of these materials. This gap between the raw material supply and demand in the barrier materials market poses a challenge for the manufacturers.
Key vendors are setting up their manufacturing plants in developing economies, but the scarcity of raw materials due to lack of logistics is creating a restraint for these vendors.
- Increase in shelf life of packaged food products
- Increase in overall cost of packaging
- Development of bio-based barrier materials
- Dow Chemical
Other prominent vendors
- Chang Chun Petrochemical
- The Nippon Synthetic Chemical Industry
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by type
Part 07: Market segmentation by end-use industry
Part 08: Market segmentation by geography
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/9tnfwt/global_barrier
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-barrier-materials-market-drivers-challenges--trends-2016-2020---increase-in-shelf-life-of-packaged-food-products--increase-in-overall-cost-of-packaging--development-of-bio-based-barrier-materials---research-and-markets-300333845.html
SOURCE Research and Markets