Resin is a natural
element found in many plants, especially in coniferous trees. In polymer
chemistry, resin is a viscous material which is typically convertible into
polymers. Such viscous substances can be plant-derived or synthetic by nature.
More often, resins are mixtures of organic compounds. Plants mainly produce
resin in response to injury. The resin thus acts as a protective bandage that
protects the plant from parasites and other pathogens. In commercial business,
resin is used as a synthetic material to make varnishes, food glazing,
adhesives, nail paints and perfumes etc.
The global market for
barrier resin is expected to grow at a double-digit CAGR for the forecast
period. Rise in pharmaceutical packaging industry in developing economies,
improved shelf life of packaged food products, growing urbanization and
changing patterns of lifestyle continue to drive the food packaging market.
However, increasing costs, strict regulatory standards, environmental and
political norms are the major obstacles in the barrier resins market.
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Application-wise, the
barrier resin global market is segmented into Food & Beverage. It is the largest
segment where resin is primarily used in the packaging of food & beverage
products such as meat, fish, beer, wine, carbonated soft drinks, and canned
milk. Barrier resins used for food & beverage packaging provides enhanced
shelf life, food quality, prevents odor and UV rays from penetrating the
package and thus protects vitamin content.
The barrier resin
global market is segmented on the basis of type which includes Ethylene vinyl
alcohol (EVOH) and Polyvinylidene chloride (PVDC). PVDC is highly effective
polymer and is the only reason it is preferred as an excellent material against
fat, vapor and gases.
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