” The consistent Global Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market report provides an insightful overview of product specification, technology, applications, product type and production analysis considering major factors such as revenue, cost, and gross margin. Businesses can achieve current as well as upcoming technical and financial details of the industry to 2029 with this market research report. All the studies conducted to generate this report are based on large group sizes and that to at the global level. This market report is a confirmed source to gain valuable market insights and take better decisions about the important business strategies. Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market report is an essential document for every market enthusiast, policymaker, investor, and market player.
Global ethylene-vinyl alcohol copolymer (EVOH) packaging films market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.0% in the forecast period of 2022 to 2029 and is expected to reach USD 7,011,317.72 thousand by 2029.
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Market Analysis and Insights
The major factor driving the growth of the ethylene-vinyl alcohol copolymer (EVOH) packaging films are shifting consumer preference towards the flexible packaging, customer friendly and sustainable nature of EVOH packaging films.
Ethylene-vinyl alcohol copolymer or EVOH is a flexible, crystal clear, and glossy thermoplastic copolymer with excellent flex-crack resistance, and very high resistance to hydrocarbons, oils and organic solvents. It also has some of the best barrier properties to gases such as oxygen, nitrogen, and carbon dioxide making it especially suited for packaging of food, drugs, cosmetics, 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. For this reason and to optimize both cost and performance, it is frequently used in multilayer, co-extruded films like HDPE, PP, and PET, which have superior moisture barrier properties.
EVOH film for packaging has antistatic properties which ensures that dust particles in the atmosphere do not settle down on the packaging to prevent fungal growth that spoils the natural aroma and taste of products in the container. Due to heightened awareness regarding cleanliness to limit the spread of virus the demand for packaging that maintain hygiene of products placed in the container are expected to rise. This in turn is expected to surge the demand for EVOH film in the packaging market.
Global ethylene-vinyl alcohol copolymer (EVOH) packaging films market report provides details of market share, new developments, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in Thousand, Pricing in USD |
| Segments Covered | By Ethylene Content (Ethylene Content (Mol%) Below 29, Ethylene Content (Mol%) 29-35, Ethylene Content (Mol%) 35-38, Ethylene Content (Mol%) 38-44, Ethylene Content (Mol%), Application (PE/TIE/EVOH/TIE/PE, PAT/PE/TIE/EVOH/TIE/EVA, PE/TIE/EVOH/TIE/EVA, PE/TIE/PA/EVOH/PA/TIE/PE, PA/EVOH/PA/TIE/LONMER, and PA/EVOH/PA/TIE/PE), End-Use (Food, Personal Care & Cosmetics, Household, Pharmaceutical, Industrial, Others) |
| Countries Covered | U.S., Canada, and Mexico, Gerany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Luxemburg, and the rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and rest of Asia-Pacific, Brazil, Argentina, and the rest of South America, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and the rest of the Middle East and Africa. |
| Market Players Covered | Schur Flexibles Holding GesmbH, Coveris, Mitsubishi Chemical Holdings Corporation, KURARAY CO., LTD., KUREHA CORPORATION, Arkema, Chang Chun Group., ProAmpac, MULTIFLEX FOLIEN GMBH & CO. KG, Vishakha Polyfab Pvt Ltd, International Plastic Engineering Co.,Ltd, Verpackungen GmbH, Shpusite Packaging Materials (Shanghai) Co., Ltd, Plastissimo Film Co., Ltd, and Zhongsu New Materials Technology (Hangzhou) Co., Ltd. |
This Section Deals With Drivers, Restraints, Opportunities, and Challenges of the Market:
Drivers
- Shifting consumer preference towards the flexible packaging
The packaging industry across the globe has been witnessing rising demand from food and beverages, pharmaceuticals & healthcare products and cosmetics & personal care among other for their products to be packed in flexible packaging. EVOH packaging films offer various other properties as well in addition to their flexible nature such as cost-effectiveness, high seal strength, displaying and easy transportation. Moreover, these films offer excellent benefits for packaging, such as extending shelf life and limiting product losses, which makes the adoption of EVOH films widespread across the packaging industry. These will boost its demand in the market and will lead to the growth of the EVOH packaging films market
- Customer friendly and sustainable nature of EVOH packaging films
The rising demand for organic products that do not make use of any synthetic elements and are perishable in nature is expected to drive the demand for EVOH films for packaging. Additionally, EVOH is resistant to oil and organic solvents which makes it a right choice to store edibles and food items for longer duration. In addition, unlike PVDC, EVOH films do not contain any harmful elements such as chlorine, metals and dioxins, which may cause endocrinological disorders in humans and also harm the surroundings. Therefore, EVOH films are environment-friendly and a recyclable product which causes very little harm to the environment. These nature friendly properties of Ethylene-Vinyl Alcohol Copolymer (EVOH) packaging films will drive the demand for the material and will boost the global Ethylene-Vinyl Alcohol Copolymer (EVOH) packaging films market.
- Extensive barrier and antistatic properties of EVOH packaging films
Rising industrial applications of barrier packaging materials is triggering demand for raw materials with highly specialized properties among market players in the EVOH packaging films market. This has led many companies to focus on undertaking strategic decisions to gain competitive market share in the market. These properties in turn is expected to increase the demand for durable EVOH packaging films that preserves quality of products for extensive durations, by acting as a barrier to different gases and dust particles present in the atmosphere
Opportunities
- Rising consumer inclination towards green and sustainable packaging
Due to the low odor, high chemical resistance, and inertness, many EVOH grades are suitable for food, medical, and pharmaceutical packaging applications under FDA regulations. Thus, the growing demand for green and sustainable high barrier packaging films such as Ethylene-Vinyl Alcohol Copolymer (EVOH) packaging films is expected to create lucrative opportunities for film manufacturers in this global Ethylene-Vinyl Alcohol Copolymer (EVOH) packaging films market.
- Rising demand of innovative packaging solutions in the food and beverage industry
High use of EVOH in the food and beverage industry, especially to avoid food contamination, is expected to be an important opportunity to fuel the demand in the global ethylene-vinyl alcohol copolymer (EVOH) packaging films market. Moreover, these EVOH films can be easily molded into sheets, tubes, or bottles for their excellent barrier effect against gases and organic liquids. The need for innovative packaging solutions in the food and beverage along with other industries to attract environmentally-conscious consumers is foreseen to further augment the demand for EVOH packaging films worldwide
Restraints/Challenges
- Availability of alternative which induced the consumers
The rising number of environmentally-conscious consumers and manufacturers making a shift towards paper packaging solutions may hinder in the demand for EVOH packaging films market in the near future. Increasing availability of numerous alternative products to EVOH films, such as PE lamination, paper products and met-PET films for customers may limit the growth in this market
- Poor adhesion characteristics of EVOH resins
EVOH resins have very poor adhesion so use of modified polyolefin adhesive resins is done to bond the EVOH layer to the adjacent layer in coextrusion. Therefore, there is a need for EVOH resins to be processed on commercially available equipment using various processes such as coextrusion coating for film and paper, coextrusion film laminating, coinjection stretch blow molding, monolayer blown and cast film extrusion, powder coating and many more. This also affects the properties of EVOH films as similar to other extrusion polymers, EVOH resins can easily degrade by prolonged exposure to thermal energy, both drying and extrusion processing
- Susceptibility to degradation of high barrier films
As EVOH packaging films are created by combining two or even more co-extruded or laminate films to create a single homogeneous film with unique individual layers. These offer a number of qualities that monolayer films cannot match. However, because these multilayer films are made from a range of materials, their recyclability is a serious issue. As a result, recycling of various materials requires separate processing, which is not a viable option. Mechanical recycling also becomes a problem with multilayer structures containing more than one type of plastic, as they cannot easily be recycled.
- EVOH loses its good gas barrier properties when exposed to humidity
EVOH copolymers provide an excellent barrier to oxygen, gases and organic compounds permeation under dry conditions, but at high humidity, the oxygen permeation of the EVOH increases considerably, which further affects to quality of products packed. The effect of temperature and humidity reduces the protection of the inner and outer layers of the structures and the EVOH absorbs large amounts of water, which strongly reduces the barrier characteristics. Therefore, EVOH copolymers are not ideal polymers when it comes to resistance to humidity. The high sensitivity to humidity, can be a problem with high barrier properties of the EVOH films therefore, acting as a challenge to the global ethylene-vinyl alcohol copolymer (EVOH) packaging films market.
Recent Developments
- In February 2022, Arkema acquired Ashland’s Performance Adhesives business, which is a first-class leader in high performance adhesives in the U.S. This operation is a major step in Arkema’s strengthening its Adhesive Solutions segment. This acquisition will bring more opportunity for the company and increases its market growth
- In April 2022, Kuraray Co., Ltd has been included in the ESG (environmental, social and governance) investment indexes: FTSE Blossom Japan Sector Relative Index designed by the global index provider FTSE Russell.This makes the company a constituent of all of the ESG investment indexes for Japanese stocks adopted by Japan’s Government Pension Investment Fund (GPIF). This sustainability initiative will increase company reputation in the market
- In December 2021, Mitsubishi Chemical Holdings Corportion is recognized as a global leader in sustainable water management and has been awarded a position on the year’s Water A List, which is the highest rating in the CDP Water Security 2021.The Water A List is comprised of 118 companies out of a total of 12,000 surveyed around the world. This enhances the company’s image in the global market
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Global Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market Table of Contents
Chapter 1 provides an overview of Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market, by analyzing the consumption and its growth rate of each application.
Chapter 6 is about production, consumption, export, and import of Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market in each region.
Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market Research Methodology
Our analysts have used advanced primary and secondary research techniques and tools to compile this report. The research sources and tools that we use are highly reliable and trustworthy. The report offers effective guidelines and recommendations for players to secure a position of strength in the global Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films market.
Primary Research:
The primary sources involves the industry experts from the Global Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
Secondary Research:
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.
Browse Complete Table of Contents at: https://www.databridgemarketresearch.com/toc/?dbmr=global-ethylene-vinyl-alcohol-copolymer-evoh-packaging-films-market
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