EVOH Resins Market for Food Application | Size & Share - 2028
The EVOH resins market for food application was valued at US$ 576,173.9 thousand in 2021 and is projected to reach US$ 770,199.9 thousand by 2028. It is expected to register a CAGR of 4.4% from 2021 to 2028.
The rise in consumer awareness regarding environmental concerns and strict government regulations related to toxic packaging fuel the demand for EVOH resins in the food sector. To reduce environmental contamination, manufacturers are adopting eco-friendly packaging solutions, which, in turn, boosts the sales of eco-friendly materials. Governments and manufacturers are providing funds to research and develop innovative packaging solutions. Further, consumers are increasingly inclined toward green, low-carbon products to eliminate waste pollution. EVOH packaging is environmentally friendly because it has a low carbon footprint and can be easily recycled. Unlike plastic and paper containers, it does not produce waste and does not need wood cutting for raw materials. These benefits increase the demand for EVOH resins for eco-friendly food packaging, propelling the market growth.
In 2020, Asia Pacific held the largest share of the global EVOH resins market for food applications. The major factor contributing to the growth of the market in this region is the growing demand for EVOH resins in packed food products. Consumers prefer healthy foods with high nutritional value, low cholesterol, preservatives, and fats. EVOH finds its application in various food packaging products, such as meat packaging, baby food packaging, and beverage packaging. These factors are driving the demand for EVOH resins among manufacturers in the country. The increasing inclination of consumers toward packed food due to busy life has projected the demand for EVOH resins for food packaging applications. The Indian middle class is growing, and so are their buying capacity and demands. People prefer premium products, especially in the confectionery segments like chocolates, chips, and a lot more, and exploring packaged foods in the ready-to-make and easy-to-eat category, creating opportunities for EVOH resins for food packaging application.
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EVOH Resins Market: Strategic Insights
EVOH Resins Market
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CAGR (2021 - 2028)
4.4%
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Market Size 2021
US$ 576.17 Million
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Market Size 2028
US$ 770.2 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Kuraray Co Ltd
- Nippon Gohsei UK Limited
- Kureha Europe B V
- Chang Chun Group
- Eval Europe NV
- Soarus L L C Mitsubishi Chemical Europe GmbH
- Schur Flexibles GmbH
- Arkema
- Solvay S A
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Application
- Films
- Tray
- Bottles
- Bag-in-box
End-Use
- Bakery and Confectionery
- Beverages
- Sauces and Dressings
- Meat Poultry and Seafood
- RTE Foods and Meals
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
EVOH Resins Market: Strategic Insights
-
CAGR (2021 - 2028)4.4% -
Market Size 2021
US$ 576.17 Million -
Market Size 2028
US$ 770.2 Million
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
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Key Players
- Kuraray Co Ltd
- Nippon Gohsei UK Limited
- Kureha Europe B V
- Chang Chun Group
- Eval Europe NV
- Soarus L L C Mitsubishi Chemical Europe GmbH
- Schur Flexibles GmbH
- Arkema
- Solvay S A
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Application - Films
- Tray
- Bottles
- Bag-in-box
End-Use - Bakery and Confectionery
- Beverages
- Sauces and Dressings
- Meat Poultry and Seafood
- RTE Foods and Meals
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Impact of COVID-19 Pandemic on EVOH Resins Market for Food Application
The COVID-19 pandemic severely impacted the global market in 2020 due to disrupted supply chains of raw materials used in producing EVOH resin packaging. Ease in lockdown measures in several countries and resumption of operational activities in many industries have helped revive EVOH resins in food packaging from 2021. In addition, the rapid pace of COVID-19 vaccination programs has supported the growth of the EVOH resins market for food application.
Market Insights
Consumer Preference for Online Sales Channel to Purchase EVOH Films Favors EVOH Resins Market for Food Application
Consumer Preference for Online Sales Channel to Purchase EVOH Films Favors EVOH Resins Market for Food Application
Consumers prefer online sales channels to purchase EVOH films for food packaging. Therefore, many companies focus on developing e-commerce websites to increase customer engagement. Industry analysis also indicates that the rising demand for EVOH films among end users is driven by changing market trends. In addition, an increase in smartphone penetration is supporting the EVOH films demand. Digital content, travel and leisure, financial services, and e-mail are e-commerce options available to an internet-accessible customer base, gaining traction as internet usage grows. Therefore, consumer awareness of the technology is expected to positively impact the demand for EVOH resins in the food packaging market during the forecast period.
Moreover, the COVID-19 pandemic crisis has transformed the way e-commerce functions. The rise in small and medium enterprises, especially in Russia, and the increasing number of start-ups have led to the adoption of online marketplaces for business. Existing organizations and large businesses tend to do business online because telecommunications and infrastructure are cheaper. E-commerce allows organizations to reach customers to achieve the desired business results easily. Hence, the strong growth in the online retail sector in Europe for EVOH films would provide lucrative opportunities for the market in the coming years.
Application Insights
Based on application, the market is segmented into films, trays, bottles, bag-in-box, and others. Manufacturers use EVOH bottles for their excellent barrier against gases and organic liquids. EVOH is often sandwiched between the bottle or jar's inner and outer plastic walls. A thin adhesive layer goes between the EVOH layer and the inner and outer wall. As a result, EVOH is often referred to as a multilayer barrier technology. These EVOH bottles are generally used for shelf-stable beverages. Beverages are highly perishable; thus, they can contaminate easily when it comes in contact with the outer environment. Due to these factors, the demand for EVOH bottles is increased among beverage manufacturers and is further expected to drive the segment's growth in the region over the forecast period.
A few of the key market players in the EVOH resins market for food application are Kuraray Europe GmbH; Nippon Gohsei (UK) Limited; Kureha Europe B.V.; Chang Chun Group; Eval Europe NV; Soarus L.L.C. (Mitsubishi Chemical Europe GmbH); Schur Flexibles GmbH; Gantrade Corporation; The Compound Company BV; Soarnol; Arkema; Solvay S.A.; These companies provide a wide range of product portfolios for the EVOH resins market for food application.
These companies have a presence in developing regions, providing a lucrative opportunity for the EVOH resins market. These market players are highly focused on developing high-quality, innovative products to fulfill customer requirements.
EVOH Resins Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 576.17 Million |
| Market Size by 2028 | US$ 770.2 Million |
| Global CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
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| Regions and Countries Covered | North America
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| Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Spotlights
- Progressive industry trends in the EVOH Resins Market for Food Application to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the EVOH Resins Market for Food Application from 2020 to 2028
- Estimation of global demand for EVOH Resins for Food Applications
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in EVOH Resins Market for Food Application
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the EVOH Resins Market for Food Application
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the EVOH Resins Market for Food Application at various nodes
- Detailed overview and segmentation of the market, as well as the EVOH resins market for food application industry dynamics
- Size of the EVOH Resins Market for Food Application in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific is estimated to register the fastest CAGR in the global EVOH resins market for food application over the forecast period. Many APAC countries, such as China and India, are the world's fastest-growing populations. With a growing population, the demand for packed food is increasing, which is directly impacting the demand of EVOH resins for packaging. The strong economic condition and rising innovation in development in sustainable packaging is propelling the demand of EVOH resins in packaging. Companies are focusing on development of more sustainable packaging, such as they are increasing barrier properties of EVOH resins packaging and these packaging keeps food product fresh. The adoption of EVOH resins is increasing among manufacturers as they are being extensively used to extend the shelf life of food products. Further, the Asia Pacific market is expected to open many untapped opportunities and boost demand, driven by population growth, rising per capita income and consumer awareness of packaging to ensure safe food consumption.
The meat poultry and seafood segment held the largest market share. Packaging of meat is critical, especially when it comes to fresh meat. Since fresh meat, poultry and seafood are perishable, and weight loss due to dehydration can increase the decay rate, extending shelf life remains a key objective for packaging. Implementing EVOH as a packaging material barrier extends the meat's shelf life. EVOH has outstanding barrier properties against gases, such as oxygen, nitrogen, carbon dioxide, and helium. These gases are widely used in modified atmosphere packages. EVOH resins for packaging have antistatic properties, which ensure that dust particles in the atmosphere do not settle down on the packaging to prevent microbial growth.
The films segment held the largest market share. Ethylene-vinyl alcohol copolymer (EVOH) is a flexible, crystal clear, and glossy thermoplastic copolymer with excellent flex-crack resistance and high resistance to hydrocarbons, oils, and organic solvents. EVOH films have good barrier properties to gases, such as oxygen, nitrogen, and carbon dioxide, making them especially suited for packaging food and other perishable or delicate products to extend shelf life. In comparison with many other common films, EVOH has superior barrier properties. However, EVOH loses its good gas barrier properties when exposed to moisture.
The major players operating in the global EVOH resins market for food application are Kuraray Co., Ltd.; Kureha Corporation; Arkema; Solvay S.A.; Gantrade Corporation; Schur Flexibles GmbH; Chang Chun Group; Soarus L.L.C. (Mitsubishi Chemical Europe GmbH); Eval Europe NV; Nippon Gohsei (UK) Limited.
In 2022, Asia Pacific held the largest share of the global EVOH resins market for food application. The rise in the number of consumptions of packed food such as meat poultry and seafood would cater the demand of recycled plastics in the region. The region is also flourishing owing to presence of manufacturing facilities and cheap labor. The strong economic condition and rising innovation in development in sustainable packaging is propelling the demand of EVOH resins in packaging. Companies are focusing on development of more sustainable packaging, such as they are increasing barrier properties of EVOH resins packaging and these packaging keeps food product fresh.
The List of Companies - EVOH Resins for Food Application Market
- Kuraray Co., Ltd.
- Nippon Gohsei (UK) Limited
- Kureha Europe B.V.
- Chang Chun Group
- Eval Europe NV
- Soarus L.L.C. (Mitsubishi Chemical Europe GmbH)
- Schur Flexibles GmbH
- Arkema
- Solvay S.A.
- Gantrade Corporation
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