PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1532986
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1532986
The market of oxygen barrier materials is anticipated to be surging at the compound annual growth rate (CAGR) of 4.21% between the forecast period (2024-2029).
For ages, techniques have been evolving for protecting materials, especially foods and beverages against oxidation and aerobic microbiological growth. The protection against oxygen gives long shelf life, quality, and the right price for the materials that come under the protection from oxygen and moisture. This protects it from spoilage, contamination, and degradation. This protection gives the product's shelf life, prevents product wastage, and gives economic benefits.
Oxygen barrier materials market by material types can be segmented into different materials like Polyvinyl Chloride (PVC), which is a flexible and durable material for packaging related to food, medicine, and personal care products. This material is best against moisture, gases, and other contaminants. Further, Nylon is a useful material used in many industries like consumer goods, automotive, electronics, textiles, etc. Nylon-MXD6 can be used for the moisture-proof packaging of the pellets. Additionally, Aluminum is a metal that is recyclable and used for the packaging of food and beverages, it provides a barrier against oxygen, moisture, and other contaminants. It can be molded into different shapes and sizes and can be used as a can or coil.
The food packaging industry would be the one the leading end-user industry for oxygen barrier materials consumption. As per the OECD data, the consumption of pigmeat would increase to 40,911.79 tonnes ('000) weight equivalent by the year 2032, an increase of 1.11% from 2022. Further, in the European Union, the milk yield (kg/dairy cow) has expanded from 7,610.70 in 2022 to 7,749.30 in 2023. These developments needed oxygen and moisture barrier materials for better packaging.
The increasing demand for oxygen barrier materials has been expanding in the market, primary reason is demand from the meat processing industries. The production of poultry meat in the European Union increased by 3.16% from 2022 to 2023, while the consumption of poultry meat increased by 4.64% for the same period. Meat products are the major products for the food packaging industry, due to the nature of meat products for becoming easily spoilage. Meat products are more susceptible to the high protein content and rich nutrients. Due to this, there have been more stringent packaging requirements for the meats.
According to the OECD data, the increase in sheepmeat consumption would reach 2378.45 tonnes ('000) weight by 2032, a rise of 4.38% for 2023. With this increase in meat production and global food processing, the need for better packaging would increase. A long shelf life and protection from physical damage are needed for the product to reach the consumer in good condition and with health benefits.
With the changing lifestyle among the population along with the growing living crisis of pollution in the urbanized cities, there has been a growing number of cases of chronic ailments in society. According to the World Health Organisation (WHO), about 422 million people worldwide have diabetes and many of them live in low and middle-income countries. Further, changing lifestyles cause obesity at an alarming rate in developed countries. These challenges are the primary reason for chronic disease ailments in the population. The rise of chronic disease ailments in a large section of society is causing an increased demand for medicines and healthcare across the world.
This growth in chronic ailments caused a rise in the consumption of cardiovascular system medicines across the countries. In Italy, Spain, and Sweden, the defined daily dosage for the 1,000 inhabitants per day, has increased by the percentage unit of 0.38%, 1.47%, and 4.63% respectively. This rise in the consumption of pharmaceuticals gives a rise in the demand for the proper oxygen barrier materials for longer shelf life and safer consumption.
Companies across the world are showing a commitment to sustainable packaging solutions. In October 2022, Henkel and Siegwerk both collaborated on the solution for the innovative oxygen barrier coating. The new material would provide mono-material flexible packaging that is easier to recycle. This would accelerate the transition to the circular economy. Both companies are working together to get the barrier solution for flexible packaging without compromising shelf-life. Henkel and Siegwerk are both leaders in sustainable and innovative packaging solutions.
Further in March 2022, HYDRO-LAC GA Oxygen Barrier Coating was launched by Huber Group, a recyclable packaging solution for protection from oxygen and thus enables mono-material packaging. It can be returned to the material cycle. These developments indicate the growing concern in the packaging industry towards the recyclability and sustainability of the material for better environmental effects.
Asia Pacific region to dominate the oxygen barrier materials market during the forecast period.
Major growing economies of the world like China and India and major bigger economies like South Korea and Japan lie in the region for the overall development of the region. The region has shown a robust economic and industrial boost in the last few decades. According to the ibef (India Brand Equity Foundation), the country is showing robust growth and development in the food processing industry. The market size of the food processing sector is expected to reach US$ 1,274 billion in 2027 from US$ 866 billion in 2022. The Country is becoming the largest consumer as well as producer of processed foods. Indians are more likely to have different varieties of food cuisines as well and the foreign influence on domestic food consumption also plays a role.
Further, China has shown rapid economic transformation in the last few years and has made the country evolve into a dynamic transformation of its healthcare sector, with a substantial focus on the pharmaceutical industry. This led to the Chinese pharmaceutical market being among the fastest-growing markets worldwide. This demand for the medicine would lead to the overall demand for oxygen barrier materials in the country.
integration with existing equipment, simplifying the transition process, and minimizing costs compared to less efficient sustainable alternatives. This is passed with an 85% relative humidity conditions test to preserve its barrier properties and ensure the longevity of products. ProAmpac is a leading global flexible packaging company with diverse offerings for different packaging solutions.