Report Code: A15936 | Pages: NA | Jul 2023 | 797 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Barrier Resins Market
Request Now !Resin is a natural element found in various plants in coniferous trees. In polymer chemistry resin is a thick and sticky material which can be converted into polymers. Such thick and sticky substances can be plant-derived or synthetic by nature. More frequently reasons are combination of organic compounds. Plants generally produce resins in order to save themselves from injury. The use of barrier resin also increased in pharmaceutical industries across the globe in order to protect medicines and other pharmaceutical products and increase their shelf life. It is a form of plastic which is used for packaging to prevent gas, vapor, or liquid penetration in the package. Because of these factors the barrier resins find its applications in agricultural industries, chemical industries, food and beverage industries, personal care and cosmetics, and pharmaceutical and medical industries. However, factors such as rising costs, regulatory standards, and political & environmental norms are likely to act as market restraints.
Covid-19 Impact AnalysisÂ
Top Impacting Factors
The growth in the pharmaceutical packaging industry in developing economy and changing patterns of lifestyles, are expected to drive the barrier resins market in the upcoming years. Also, the improved shelf life of packaged food products and increasing urbanization expects a boost to the market in the upcoming years. In addition, rising consumer awareness about healthy purchasing and growing preference for fresh food products with proper packaging, is predicted to fuel the market during the forecasted years. Also, expansion of pharmaceutical industries is a major reason for the growth of the market.
Market trends
Key Benefits of the Report
Barrier Resins Market Report Highlights
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Key Market Players | Kuraray Co., Ltd, NOVA Chemicals Corporation, Honeywell International, Inc., INEOS, EVAL Europe N.V, Valspar Corporation, INVISTA, DuPont, The Dow Chemical Company, Mitsui Chemicals, Inc. |
Other Key Market Players | Asahi Kasei Corporation |
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