IMARC Group, a leading market research company, has recently released a report titled “Barrier Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global barrier materials market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global barrier materials market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Barrier materials are packaging and coatings solutions employed to reduce or prevent the diffusion of gases and permeability of liquids or radiation. They are effective in preventing the penetration of water vapors, carbon dioxide, oxygen, nitrogen, aroma compounds, and light and maintaining the quality of the packaged contents. Some commonly utilized barrier materials include plastic, glass, metal, and laminated films. They are often combined with other materials such as polypropylene, polyethylene, polyamide, ethylene vinyl alcohol, polylactic acid, and ethylene-vinyl acetate to enhance optical clarity, sealing, and other mechanical and barrier properties. Nowadays, barrier materials are widely adopted in pharmaceuticals, cosmetics, food and beverage (F&B), automotive, and agriculture sectors.
How big is the barrier materials market?
The global barrier materials market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Current Trends Shaping the barrier materials Market
The market is primarily driven by the expanding food and beverage (F&B) industry. In addition, the rising demand for barrier material in product packaging, as it prevents contamination, enhances shelf-life, and ensures food safety, is contributing to the market growth. In line with this, the widespread product adoption in packaging materials for products such as fish, dairy, meat, and farm produce to protect them from contamination and quality deterioration is accelerating the product adoption rate.
Moreover, the development of bio-based barrier materials that are compostable, recyclable, and biodegradable represents another major growth-inducing factor. Besides this, the rising product application in the pharmaceutical industry to prevent the spillage of temperature-sensitive drugs by providing enhanced scratch and abrasion resistance, is influencing the market growth. Furthermore, the rising consumer expenditure capacities and extensive research and development (R&D) activities to produce scratch and abrasion-resistant materials are creating a positive market outlook.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Breakup by End-Use Industry:
Market Breakup by Region:
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