EVOH for Packaging 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, within the type category, co-extruded film extrusion is expected to witness a higher growth over the forecast period.
• Within the application category, food is expected to witness the highest growth.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period.
A more than 150-page report is developed to help in your business decisions.
Emerging Trends in the EVOH for Packaging Market
The EVOH for packaging market is currently experiencing several emerging trends that reflect changing consumer preferences and technological advancements.
• Sustainability Focus: Increasing demand for eco-friendly and recyclable packaging materials is leading to the development of sustainable EVOH solutions.
• Enhanced Barrier Properties: Innovations in EVOH formulations are improving gas and moisture barrier properties, making them ideal for sensitive food products.
• Customization and Versatility: Manufacturers are focusing on creating customizable EVOH solutions for various applications, from food to pharmaceuticals.
• Automation and Efficiency: Advances in production technology are enabling greater efficiency in EVOH film manufacturing processes.
• E-commerce Demand: The rise of online shopping is pushing for packaging that ensures product safety during transit, increasing the need for robust EVOH solutions.
• Health and Safety Concerns: Growing consumer awareness regarding food safety is driving demand for packaging materials that extend shelf life and maintain product integrity.
These emerging trends illustrate the evolving landscape of the EVOH packaging market, highlighting the importance of sustainability, technological innovation, and adaptability to changing consumer needs.
Recent Developments in the EVOH for Packaging Market
Recent developments in the EVOH packaging market showcase significant advancements in materials and technologies aimed at enhancing performance and sustainability.
• Innovative Material Development: Companies are investing in the creation of bio-based and recyclable EVOH materials to meet sustainability goals.
• Advanced Processing Technologies: The adoption of cutting-edge processing methods, such as co-extrusion, is improving the performance of EVOH films.
• Increased Application Range: EVOH is finding applications beyond food packaging, including pharmaceuticals and electronics, due to its barrier properties.
• Partnerships and Collaborations: Increased collaboration between manufacturers and food producers is facilitating the development of tailored packaging solutions.
• Regulatory Compliance: Companies are focusing on adhering to food safety regulations, leading to innovations in packaging design and materials.
• Consumer-Centric Innovations: There is a growing emphasis on developing packaging that enhances user convenience and product visibility.
These recent developments highlight a proactive approach within the EVOH packaging market, focusing on innovation, sustainability, and compliance with regulatory standards.
Strategic Growth Opportunities for EVOH for Packaging Market
The EVOH packaging market presents several strategic growth opportunities that stakeholders can capitalize on to enhance competitiveness.
• Sustainable Packaging Solutions: Developing eco-friendly EVOH materials can meet the rising demand for sustainable options among consumers and businesses.
• Technological Advancements: Investing in research and development for advanced EVOH formulations can enhance barrier properties and performance.
• Expansion into Emerging Markets: Targeting developing regions can provide new growth avenues as demand for high-quality packaging solutions rises.
• Customization and Specialization: Offering tailored EVOH solutions for specific industries, such as healthcare and electronics, can increase market share.
• Collaboration with Supply Chain Partners: Strengthening partnerships with suppliers and manufacturers can enhance efficiency and innovation.
• Focus on E-commerce Solutions: Creating packaging specifically designed for the needs of online retailers can capitalize on the growing e-commerce market.
These strategic growth opportunities emphasize the need for innovation, sustainability, and adaptability to consumer trends in the EVOH packaging market.
EVOH for Packaging Market Driver and Challenges
The EVOH packaging market is influenced by various drivers and challenges that shape its growth trajectory.
The factors responsible for driving the EVOH for packaging market include:
• Increasing Demand for High-Barrier Packaging: The need for materials that preserve food freshness and safety is driving the adoption of EVOH.
• Sustainability Trends: Growing consumer preference for eco-friendly packaging is prompting investments in recyclable EVOH materials.
• Technological Innovations: Advances in manufacturing technologies are enhancing the efficiency and performance of EVOH films.
• Regulatory Support: Supportive regulations aimed at reducing plastic waste are encouraging the use of sustainable packaging options.
Challenges in the EVOH for packaging market include:
• Cost of Sustainable Materials: The higher production costs associated with eco-friendly EVOH may hinder widespread adoption.
• Market Competition: Intense competition in the packaging industry necessitates continuous innovation and differentiation.
• Supply Chain Issues: Global supply chain disruptions can affect the availability and pricing of raw materials needed for EVOH production.
Educating consumers about the benefits of EVOH packaging is crucial for market acceptance.
List of EVOH for Packaging Companies
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. Through these strategies EVOH for packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the EVOH for packaging companies profiled in this report include-
• Kuraray Europe
• Nippon Gohsei
• KUREHA CORPORATION
• Chang Chun
• Arkema
• EVAL Europe
• Soarus
• SCHUR Flexibles
• Gantrade
• Waldorf Technik
EVOH for Packaging by Segment
The study includes a forecast for the global EVOH for packaging by type, application, and region.
EVOH for Packaging Market by Type [Analysis by Value from 2018 to 2030]:
• Co-Extruded Film Extrusion
• Monolayer Film Extrusion
EVOH for Packaging Market by Application [Analysis by Value from 2018 to 2030]:
• Food
• Personal Care & Cosmetics
• Family
• Pharmaceutical
• Others
EVOH for Packaging Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the EVOH for Packaging Market
Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below content highlights recent developments in EVOH for packaging in key regions: the USA, Germany, China, India, and Japan.
• USA: The USA has seen significant advancements in the EVOH (ethylene vinyl alcohol) packaging market, driven by the rising demand for high-barrier materials in food packaging. Companies are increasingly adopting EVOH due to its excellent gas barrier properties, which help preserve freshness and extend shelf life. Recent developments include innovations in co-extrusion technologies, allowing for thinner and lighter packaging solutions without compromising performance. Furthermore, sustainability is becoming a focal point, with manufacturers exploring recyclable EVOH options and integrating it into multi-layer packaging systems. Collaboration with food manufacturers is also on the rise to develop tailored packaging solutions that meet specific product requirements.
• Germany: In Germany, the EVOH packaging market is heavily influenced by stringent regulations and consumer demand for sustainable solutions. Recent developments include a shift towards more environmentally friendly packaging options, with companies investing in bio-based EVOH materials. The trend towards automation in production processes is also gaining momentum, enabling manufacturers to enhance efficiency and reduce costs. Additionally, German companies are focusing on innovations that improve barrier properties, especially for sensitive products like fresh produce and dairy. The growing e-commerce sector is further driving the demand for robust packaging that ensures product integrity during transportation.
• China: China’s EVOH packaging market is expanding rapidly, driven by urbanization and changing consumer habits. Recent developments include the introduction of advanced processing technologies to enhance the barrier properties of EVOH films. Chinese manufacturers are increasingly collaborating with international firms to adopt best practices and improve product quality. The demand for convenience foods is also rising, leading to increased applications of EVOH in ready-to-eat meals and snacks. Furthermore, sustainability is becoming a key concern, with manufacturers exploring the integration of recyclable materials and eco-friendly practices in their production processes.
• India: In India, the EVOH packaging market is evolving, driven by the growth of the food and beverage sector. Recent developments include the adoption of EVOH in flexible packaging formats, which cater to the increasing demand for lightweight and high-barrier solutions. Indian manufacturers are focusing on cost-effective production methods while enhancing the performance of EVOH films. The rise of e-commerce is prompting companies to develop packaging that ensures product safety during transit. Additionally, the Indian government’s initiatives to promote sustainable packaging are encouraging manufacturers to explore eco-friendly alternatives.
• Japan: Japan’s EVOH packaging market is characterized by high consumer expectations for quality and innovation. Recent developments include advancements in multi-layered packaging systems that incorporate EVOH for improved barrier performance. Japanese companies are also investing in research and development to create specialized EVOH solutions for various applications, including electronics and healthcare products. The focus on sustainability is evident, with many manufacturers exploring recyclable EVOH and reducing plastic waste. Additionally, Japan’s aging population is driving demand for convenient and ready-to-eat food packaging, further propelling the use of EVOH materials.
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 for 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.
If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
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 for packaging market companies?
Answer: Some of the key EVOH for packaging companies 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 a 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 the highest growth over the forecast period.
Q.7 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 for 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.