| Product Code: ETC5722084 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Hong Kong`s barrier resins import market in 2024 continued to see a high level of concentration, with the top exporting countries being the USA, Singapore, China, Indonesia, and Spain. Despite the challenging market conditions, the compound annual growth rate (CAGR) from 2020-2024 was -13.08%, with a significant decline in growth rate from 2023-2024 at -41.26%. This indicates a tough environment for barrier resins imports into Hong Kong, potentially driven by various factors impacting the industry.
Barrier resins, used in packaging to extend shelf life and maintain product freshness, are experiencing increasing demand in Hong Kong. The food and beverage sector, as well as the pharmaceutical industry, drive the demand for high-performance packaging solutions.
The barrier resins market in Hong Kong is driven by the increasing demand for protective packaging solutions in the food and beverage industry. Barrier resins provide excellent protection against moisture, oxygen, and other external factors, extending the shelf life of products. As consumer preferences shift towards convenience and quality, manufacturers are seeking packaging solutions that enhance product integrity. Additionally, regulatory pressures to minimize food waste and enhance sustainability are further propelling the growth of barrier resins in packaging applications.
The barrier resins market is facing pressure from environmental regulations pushing for biodegradable packaging solutions. Furthermore, the rising cost of petroleum-based resins makes it difficult for manufacturers to maintain competitive pricing.
The barrier resins market in Hong Kong is influenced by government regulations aimed at promoting sustainability and reducing environmental impact. Policies encourage the use of high-performance barrier resins in packaging applications to enhance product shelf life and reduce waste. The government supports research and development initiatives focused on innovative packaging solutions that meet safety and environmental standards. Additionally, regulatory frameworks are established to ensure compliance with food safety regulations in packaging materials.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Barrier Resins Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Barrier Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Barrier Resins Market - Industry Life Cycle |
3.4 Hong Kong Barrier Resins Market - Porter's Five Forces |
3.5 Hong Kong Barrier Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Hong Kong Barrier Resins Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Hong Kong Barrier Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for barrier resins in the packaging industry due to rising consumer awareness about food safety and hygiene. |
4.2.2 Growing adoption of barrier resins in the pharmaceutical sector for drug packaging to ensure product efficacy and safety. |
4.2.3 Technological advancements leading to the development of high-performance barrier resins with enhanced barrier properties. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in barrier resin production impacting the overall cost of manufacturing. |
4.3.2 Stringent regulations and standards related to the use of barrier resins in food and pharmaceutical packaging, leading to compliance challenges for manufacturers. |
5 Hong Kong Barrier Resins Market Trends |
6 Hong Kong Barrier Resins Market Segmentations |
6.1 Hong Kong Barrier Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Barrier Resins Market Revenues & Volume, By PVDC, 2021-2031F |
6.1.3 Hong Kong Barrier Resins Market Revenues & Volume, By EVOH, 2021-2031F |
6.1.4 Hong Kong Barrier Resins Market Revenues & Volume, By PEN, 2021-2031F |
6.2 Hong Kong Barrier Resins Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Barrier Resins Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 Hong Kong Barrier Resins Market Revenues & Volume, By Pharmaceutical & Medical, 2021-2031F |
6.2.4 Hong Kong Barrier Resins Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Hong Kong Barrier Resins Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.6 Hong Kong Barrier Resins Market Revenues & Volume, By Industrial, 2021-2031F |
7 Hong Kong Barrier Resins Market Import-Export Trade Statistics |
7.1 Hong Kong Barrier Resins Market Export to Major Countries |
7.2 Hong Kong Barrier Resins Market Imports from Major Countries |
8 Hong Kong Barrier Resins Market Key Performance Indicators |
8.1 Research and development investment in barrier resin technology to track innovation and product advancement. |
8.2 Adoption rate of barrier resins in new application areas to gauge market expansion opportunities. |
8.3 Environmental impact metrics such as recyclability and sustainability initiatives in the barrier resin industry. |
9 Hong Kong Barrier Resins Market - Opportunity Assessment |
9.1 Hong Kong Barrier Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Hong Kong Barrier Resins Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Hong Kong Barrier Resins Market - Competitive Landscape |
10.1 Hong Kong Barrier Resins Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Barrier Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |