The morphological evolution of TMB‐5/ethylene–vinyl alcohol (EVOH) copolymer blends under biaxial‐stretching field and its effect on the crystallization and gas barrier properties of isotactic polypropylene (iPP) were investigated. iPP/TMB‐5/EVOH ternary blends with TBM‐5 selectively distributed in the EVOH phase were prepared through a multistage stretching extrusion, which combined an assembly of layer multiplying elements (LMEs) with an extruder. Scanning electron microscopy revealed that the biaxial‐stretching field in LMEs transformed the TMB‐5/EVOH phase into platelets along the extrusion direction. Differential scanning calorimetry and X‐ray diffraction results indicated that the TMB‐5 particles were distributed in the EVOH phase and no β crystals formed in as‐extruded samples. Especially, the TMB‐5 was released from the EVOH phase into iPP in the annealing process and induced the formation of β crystals. Compared with that of pure iPP, the oxygen permeability coefficient of iPP containing aligned TMB‐5/EVOH platelets decreased more than three times. The enhanced barrier properties resulted from the increased tortuosity of the diffusion pathway caused by the orientated high‐aspect‐ratio platelets. © 2023 Society of Industrial Chemistry.