Rockville, MD , Sept. 03, 2024 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global Grease Barrier Market is estimated to reach a valuation of US$ 900.8 million in 2024 and is expected to grow at a CAGR of 5.1% during the forecast period of (2024 to 2034).
The grease barrier market is poised for significant growth in the coming years, driven by a combination of factors that are transforming the way industries approach food safety and contamination control. To prevent the migration of oils and grease substances out of the packaged article, there is an increasing need for advanced grease barrier solutions that can keep up with the demands of high-volume production and processing.
Demand for sustainable packaging plays a significant role in driving growth in the grease barrier market. The growing trend towards sustainability and environmental responsibility is driving demand for eco-friendly grease barrier solutions that can reduce waste and minimize environmental impact.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=10340
In addition, government regulations and standards are also driving growth in the grease barrier market. Governments around the world are implementing stricter regulations on food safety and quality control, as, the Food Safety Modernization Act (FSMA) in the United States has mandated that food manufacturers implement Hazard Analysis and Critical Control Points (HACCP) systems to prevent contamination and ensure food safety.
Key Takeaways from the Market Study:
- The global Grease Barrier market is projected to grow at 1% CAGR and reach US$ 1,483.1 million by 2034
- The market created an opportunity of US$ 582.3 million growing at a CAGR of 1% between 2024 to 2034.
- North America is a prominent region that is estimated to hold a market share of 1% in 2024
- Fast Food Packaging under application type is estimated to grow at a CAGR of 5% creating an absolute $ opportunity of US$ 142.1 million between 2024 and 2034
- North America and East Asia are expected to create an absolute $ opportunity of US$ 300.4 million collectively
“High demand for the fast food packaging boosts the grease barrier market,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Grease Barrier Market:
BASF; DOW; Daikin; Solenis; Kuraray; H.B. Fuller; Actega; Seigwerk; Stahl; Michelman; Mica Corp; H.B. Fuller; Mcpolymers; Archroma; Chemline; Other Prominent Players.
Market Development:
Market growth is being driven by global demand for the grease barrier in the packaging industry's thriving food and beverages sectors. Advancements in the technology to manufacture grease barrier products increase the grease barrier applications in various industries, ultimately increasing the grease barrier's market share in the packaging industry.
The global grease barrier market key players are focusing on expansion activities owing to increased demand for grease barriers. With such increasing demand, manufacturers are also looking forward to expanding their production capacity.
For instance, In May 2023, BASF extended its ecovio® portfolio for extrusion coating on paper and board by adding a certified home as well as Industrial compostable grade for cold and hot food packaging. The new extrusion coating grade ecovio® 70 PS14H6 is food-contact approved and shows excellent barrier properties against liquids, fats, grease, and mineral oil as well as temperature stability at boiling water (up to 100°C).
Grease Barrier Industry News:
- In May 2023, BASF extended its ecovio® portfolio for extrusion coating on paper and board by adding a certified home as well as industrial compostable grade for cold and hot food packaging. The new extrusion coating grade ecovio® 70 PS14H6 is food-contact approved and shows excellent barrier properties against liquids, fats, grease, and mineral oil as well as temperature stability at boiling water (up to 100°C).
- In July 2021, Dow Packaging and Specialty Plastics, a business unit of Dow Developed, polyethylene(PE)-based, high-barrier food pouch, that is designed to enable recyclability in PE-streams. The pouches have been created together with Syntegon, Comexi, Ticinoplast, and Plastchim-T.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=10340
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global grease barrier market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on the Global Grease Barrier Market Analysis, By Application (Fast Food Packaging, Frozen Food, Drinking Cups, Ice Cream, Cups & Cones, Microwave Packaging, Bakery Products, Dairy Products, Delicate Foods, Dry Foods, Liquid Products, Pet Food, Paper Plates, Chocolate Wrappers), By Material Type (Polyethylene (PE), Polypropylene (PP), Polyethylene terephthalate (PET), Polyvinylidene chloride (PVDC), Wax, Biodegradable polymers, Others) and across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
Segmentation of Grease Barrier Industry Research:
By Material Type :
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polyvinylidene chloride (PVDC)
- Wax
- Biodegradable polymers
- Others
By Application :
- Fast Food Packaging
- Frozen Food
- Drinking Cups (Hot & Cold)
- Ice Cream Cups & Cones
- Microwave Packaging (Trays & Cups)
- Bakery Products
- Dairy Products (excluding cups)
- Delicate Foods
- Dry Foods (Cereals, Sweets, Savory)
- Liquid Products
- Pet Food
- Paper Plates
- Chocolate Wrappers
Checkout More Related Studies Published by Fact.MR Research:
The global barrier paper market is evaluated to reach a value of US$ 4.78 billion by the end of 2034, up from US$ 3.05 billion in 2024. Worldwide sales of barrier paper are analyzed to rise at a CAGR of 4.6% from 2024 to 2034.
The global arcade for automatic barriers and bollards is valued at USD 1.46 Billion at present in 2022. The market is anticipated to grow with a CAGR of 4.3% in the forecast period. The market is likely to cross a value of USD 2.22 Billion by end of 2032.
Expanding at a CAGR of 5.6%, the global automatic barriers market is expected to increase from a valuation of US$ 3.08 billion in 2023 to US$ 5.29 billion by 2033-end.
The global crowd control barrier market is estimated at US$ 1.9 billion, and is predicted to surpass a valuation of US$ 7 billion by 2032, expanding at a stupendous CAGR of 13.7% over the next ten years.
The global no sting barrier market is predicted to expand at a CAGR of 7.2% to climb from a market valuation of US$ 352.5 million in 2022 to US$ 707.5 million by the end of 2032.
The global outdoor barrier market is set to enjoy a valuation of US$ 4.3 Billion in 2023 and further expand at a CAGR of 5.5% to reach US$ 7.5 Billion by the end of 2033.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
