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Tie Layer Resin Market size was valued at more than USD 8 billion in 2021. Due to its increased usage in multi-layered packaging, the industry is projected to grow at a CAGR of over 5% through 2030.
Tie layer resin (TLR) is primarily used in multi-layer packaging. It is also used as a barrier resin that can increase the product’s shelf life. Multi-layer packaging is increasingly used in the meat, food, and pharmaceutical industries, thereby fueling product demand. Packaging is a key area of application of tie resins and its demand is poised to increase over the coming years with the rising consumption of packaged food products across the world.
Report Attribute | Details |
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Base Year: | 2021 |
Tie Layer Resin Market Size in 2021: | 2.5 Million (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 5% |
2030 Value Projection: | 4 Million (USD) |
Historical Data for: | 2018 to 2020 |
No. of Pages: | 320 |
Tables, Charts & Figures: | 438 |
Segments covered: | Base Resin, Product Type, Application, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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