Market Size of Oxygen Barrier Materials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Oxygen Barrier Materials Market Analysis
The market for oxygen barrier materials is expected to register a CAGR of more than 3% during the forecast period of 2020 - 2025. Major factors driving the market studied are the increasing demand from the packaging industry supported by the growing food and beverage industry.
- The food and beverage industry dominated the market in 2019 and is expected to grow during the forecast period, 2020-2025, owing to the superior property of oxygen barrier materials to maintain good shelf-life for packed food.
- Asia-Pacific dominated the market across the world with the largest consumption from countries, such as China, India, and Japan.
