EVOH for Packaging Market Trends and Forecast
The future of the global EVOH for packaging market looks promising with opportunities in the food, personal care & cosmetic, family, and pharmaceutical markets. The global EVOH for packaging market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for superior oxygen & moisture barrier solutions, increasing emphasis on extending shelf life & preserving product quality, and rising preference for recyclable & eco-friendly packaging materials.
• Lucintel forecasts that co-extruded film extrusion is expected to witness the higher growth over the forecast period.
• Within this market, food is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Kuraray America expanded its EVOH production capacity to meet increasing demand for high-barrier packaging, targeting food safety and shelf-life extension.
Germany: Nippon Gohsei (Soarus) collaborated with local packaging companies to develop recyclable EVOH-based packaging solutions, aligning with EU sustainability goals.
Japan: Mitsubishi Chemical announced advancements in EVOH technology to enhance its barrier properties and recyclability, supporting Japan’s circular economy initiatives.
Brazil: Braskem launched new EVOH resins tailored for the Latin American market, aiming to boost the adoption of high-performance packaging in the region.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
EVOH for Packaging by Segment
The study includes a forecast of the global EVOH for packaging by type, application, and region.
EVOH for Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Co-Extruded Film Extrusion
• Monolayer Film Extrusion
EVOH for Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food
• Personal Care & Cosmetics
• Family
• Pharmaceutical
• Others
EVOH for Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of EVOH Companies for Packaging Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies EVOH companies for packaging market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the EVOH companies for packaging market profiled in this report include-
• Kuraray Europe
• Nippon Gohsei
• KUREHA CORPORATION
• Chang Chun
• Arkema
• EVAL Europe
• Soarus
• SCHUR Flexibles
• Gantrade
• Waldorf Technik
Recent Development in the EVOH for Packaging Market
Kuraray America: Expanded its EVOH production capacity to meet the growing demand for high-barrier packaging solutions in the United States. This expansion aims to enhance food safety and extend shelf life, addressing the increasing needs of the food and beverage industry.
Nippon Gohsei (Soarus): Collaborated with German packaging companies to develop innovative recyclable EVOH-based packaging solutions. This initiative aligns with the European Union’s sustainability goals, focusing on reducing plastic waste and improving recyclability in packaging materials.
Mitsubishi Chemical: Announced advancements in EVOH technology to enhance its barrier properties and recyclability. These improvements support Japan’s circular economy initiatives, aiming to reduce environmental impact and promote sustainable packaging solutions.
Braskem: Launched new EVOH resins specifically tailored for the Latin American market. This development aims to boost the adoption of high-performance packaging solutions in the region, ensuring better product preservation and meeting local market demands.
Dow Chemical Company: Introduced an innovative range of EVOH-based packaging materials designed for flexible packaging applications. This initiative focuses on improving barrier performance and recyclability, contributing to the company’s commitment to sustainability and reducing plastic waste.
Features of the Global EVOH for Packaging Market
Market Size Estimates: Evoh for packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Evoh for packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Evoh for packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions of the EVOH for packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the EVOH for packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for EVOH for packaging market?
Answer: The global EVOH for packaging market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the EVOH for packaging market?
Answer: The major drivers for this market are growing demand for superior oxygen & moisture barrier solutions, increasing emphasis on extending shelf life & preserving product quality and rising preference for recyclable & eco-friendly packaging materials.
Q3. What are the major segments for EVOH for packaging market?
Answer: The future of the EVOH for packaging market looks promising with opportunities in the food, personal care & cosmetic, family, and pharmaceutical markets.
Q4. Who are the key EVOH companies for packaging market?
Answer: Some of the key EVOH companies for packaging market are as follows:
• Kuraray Europe
• Nippon Gohsei
• KUREHA CORPORATION
• Chang Chun
• Arkema
• EVAL Europe
• Soarus
• SCHUR Flexibles
• Gantrade
• Waldorf Technik
Q5. Which EVOH for packaging market segment will be the largest in future?
Answer: Lucintel forecasts that co-extruded film extrusion is expected to witness the higher growth over the forecast period.
Q6. In EVOH for packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities of the EVOH for packaging market by type (co-extruded film extrusion and monolayer film extrusion), application (food, personal care & cosmetics, family, pharmaceutical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to EVOH for Packaging Market Market, EVOH for Packaging Market Market Size, EVOH for Packaging Market Market Growth, EVOH for Packaging Market Market Analysis, EVOH for Packaging Market Market Report, EVOH for Packaging Market Market Share, EVOH for Packaging Market Market Trends, EVOH for Packaging Market Market Forecast, EVOH for Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.