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According to Technavio’s market research report, the global barrier resins market will grow at a CAGR of close to 6% during the forecast period. The growing demand for barrier resins from the pharmaceutical packaging industry will drive the growth prospects for the market during the forecast period. Pharmaceutical packaging industry primarily uses polyvinylidenechloride (PVDC) and ethylene vinyl alcohol (EVOH) as barrier materials. These materials are used for protecting pharmaceutical products against the light, moisture, oxygen, biological contamination, mechanical damage, and counterfeiting. The technological innovations and advanced manufacturing processes in the pharmaceutical packaging industry will fuel the demand for PVDC as barrier materials. The emerging economies such as the BRICS nations are witnessing a growth in the pharmaceutical packaging industry due to increased disposable incomes. This in turn, will drive the demand for barrier resins in especially in countries such as India and China.
The barrier resins market in APAC accounted for the majority shares during 2016. The adoption of barrier resins is increasing in the region due to the recent trend for social security and healthcare systems. This will increase the healthcare expenditure and the use of barrier resins during the projected period. The growth in contract manufacturing activities will encourage packaging industries to invest more on barrier resins. Additionally, the rising government initiatives on healthcare will also fuel the demand for barrier resins in the pharmaceutical sector.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by resin type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Decision Framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
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