Market Size of Barrier Material Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Barrier Material Market Analysis
The barrier material market is expected to register a CAGR of over 6%, during the forecast period. The major factors driving the market studied include rising demand for increasing the shelf life of packaged foods.
- Increasing packaging costs are expected to significantly hinder the growth of the market studied.
- Asia-Pacific is expected to dominate the global market, during the forecast period.
- Rising awareness about food safety is likely to act as an opportunity in the future.
