Apr 19, 2023
Other
Ankush Nikam
NEWARK, Del: The worldwide demand for the EVOH for packaging market will surge at a favorable growth rate from 2022 to 2032. The market will attain a significant value by the end of 2028. Ethylene-vinyl alcohol copolymer or EVOH packaging films offers several advantages such as superior resistance and anti-static properties.
A surge in consumer awareness regarding these benefits drives the growth of the EVOH for packaging market in the upcoming years. Rising adoption in the food, cosmetics, and pharmaceutical sectors will further aid the growth of the EVOH for packaging market during the forecast period.
EVOH, also known as ethylene-vinyl alcohol copolymer, is a thermoplastic copolymer that is flexible, crystal clear, and glossy. It possesses excellent resistance to flex-cracking, as well as very high resistance to hydrocarbons, oils, and organic solvents, making it superior to many other common packaging materials. EVOH packaging is also used in various industries due to its antistatic properties, which prevent dust particles in the atmosphere from settling on the packaging, ultimately reducing the growth of fungi that can spoil the natural aroma and taste of products inside the container.
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In addition, EVOH's resistance to oil and organic solvents makes it an ideal choice for storing food items and perishables for extended periods. Thus, EVOH packaging assists with the shelf life extension of various goods but especially food products and gains extensive application in the food and beverage sector.
There is an increasing trend among consumers to opt for sustainable and eco-friendly packaging solutions that are also convenient to use. Consumers are looking for products that have a minimal carbon footprint and do not contribute to the accumulation of waste in landfills. EVOH packaging meets these criteria as it is environmentally friendly, has a low carbon footprint, and is easily recyclable.
Furthermore, the growing demand for organic products that are free from synthetic materials and have a shorter shelf life is expected to drive the demand for EVOH packaging. Again, increasing usage of EVOH for packaging by rigid as well as flexible packaging manufacturers to amplify the barrier properties of products as well as to differentiate their product from other offerings will also drive the growth of the EVOH for packaging market.
Key Takeaways:
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Competitive Landscape
Kuraray Europe GmbH, Nippon Gohsei (UK) Limited, Arkema S.A., SCHUR Flexibles GmbH, Waldorf Technik GmbH, Flavorseal Llc, and Flexopack S.A., among others, are some of the prominent players in the EVOH for packaging market profiled in the full version of the report.
In a competitive market, leading players are focusing on product development and innovation. These enterprises also employ various organic and inorganic business strategies to gain a competitive advantage.
More Insights Into EVOH For Packaging Market
FMI presents an unbiased and detailed analysis of the worldwide EVOH for packaging market, including historical data from 2013 to 2017 and forecasted statistics spanning 2018 to 2028. The report encompasses an examination of market drivers, opportunities, challenges, and trends. To ascertain the potential, growth, and extent of the global market, it is segmented based on the type of end-use industry, product application, processing methods, and region.
According to FMI predictions, based on segmentation, the flexible films segment will likely perform well during the forecast period. This segment may observe an elevated demand as more and more consumers fook for flexible packaging solutions. Based on region, the EVOH for packaging market in North America and Europe will perform substantially well.
The target market in these regions will dominate the global marketplace. An upsurge in sustainability regulations, rising demand for affordable and eco-friendly packaging solutions, and the growing number of rigid and flexible packaging manufacturers will push the EVOH for packaging market forward in Europe and North America. Additionally, emerging economies like China, India, and Brazil will emerge as attractive pockets for the market due to their untapped potential. Thus, contributions from Europe, North America, and emerging nations will aid the expansion of the global EVOH for packaging market.
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EVOH for Packaging Market Segmentation:
By Processing Methods
By Product Application
By End Use
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