DUBLIN--(BUSINESS WIRE)--The "Global Barrier Material Market - Segmented by Type, End-User Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global barrier material market is expected to witness a CAGR of approximately 7.26% during the forecast period 2018-2023.
Barrier materials have recently gained attention across the food industry as they help in increasing shelf-life and thermal stability of the food packaging. They provide protection against atmospherics gases, water vapor, and aroma. They are used in the form of thin films and sheets for food packaging.
The global barrier material market, based on the end-user industry, can be broadly segmented into pharmaceutical, agriculture, cosmetics, food & beverage, and others. The food & beverage industry is expected to dominate the barrier material market, accounting for almost half of the total market share.
Asia-Pacific is expected to be high revenue-generating region, and is likely to account approximately to 50% of the total market share. There has been an increase in demand for packaging from the pharmaceutical industry. Improved health care services, coupled with rapid adoption of contract packaging in the pharmaceutical industry, and the stringent regulations against the counterfeit medicines is likely to drive the pharmaceutical packaging industry. In 2016, around 113 million counterfeit tablets were seized by the World Customs Organization (WCO), out of which 97% were manufactured in India and China.
- Solvay SA
- 3M Company
- Kuraray Co. Ltd.
- Asahi Kasei Corporation
- The Nippon Synthetic Chemical Industry Co. Ltd.
- Arkema S.A.
- Kureha Corporation
- Teijin Limited
- Toppan Printing Company Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/ts2qjv/global_barrier?w=4