Continued demand from the food & beverage industry where EVOH is used in the packaging of various food items, including fresh food, processed food, and bakery items, is poised to generate higher revenues in the long run. This is true as EVOH packaging enables food retailers and shop owners to store perishable food items for a longer duration, ensuring continued sales.
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In general, none of the commonplace polymeric materials offers such high barrier to various gases and vapours that the long-term storage of food requires. Although aluminium foil laminates offer a nearly perfect barrier when they are brand new, pinholes that develop during the lamination, forming, filling, processing, transportation, storage, and handling of the packaging are very likely, and here’s where EVOH packaging comes in handy.
Growing food packaging demand and enhanced technologies are transforming ethylene vinyl alcohol usage across the industry. Increasing usage of EVOH in the food processing industry has driven market growth over the past few years. Ethylene vinyl alcohol is essentially used in maintaining the PH level and limiting atmospheric interaction with food & beverages, thereby driving market growth.
Key Takeaways from the Market Study
- Over the decade, standard-grade EVOH is anticipated to offer an absolute dollar opportunity of US$ 841.2 million.
- On the other hand, specialty grade EVOH is predicted to hold 47.5% market share by 2032.
- By downstream form, film & sheet usage is anticipated to be valued at US$ 981.4 million by 2032.
- Out of the end uses considered in the scope, packaging is set to remain the most attractive segment expanding at 6.5% CAGR to reach US$ 992.3 million by 2032.
- By 2032, it is anticipated that North America will account for 19.5% of the world’s ethylene vinyl alcohol market share.
Winning Strategy
Key EVOH manufacturers should focus on global leadership in innovative solutions by leveraging their R&D capabilities to enhance their geographical reach and appeal to a much wider audience base.
Market players are concentrating more on well-established distributors and offering them higher profit margins to push their products into the market. Companies should focus on product line extension in untapped markets and look to expand their presence in untapped segments to generate revenue-generating opportunities in the short term with its continued usage, especially in fresh and processed food.
Competition Landscape
Soarnol (Mitsubishi Chemical Corporation), Kuraray, Chang Chun Group, NSB Polymers, SK Functional Polymers, and Reliance Industries Limited are leading manufacturers of ethylene vinyl alcohol.
By utilising their R&D capabilities to expand their product lines, encouraging commercial excellence and value-based product positioning, ethylene vinyl alcohol manufacturers should concentrate on achieving global leadership in innovative EVOH solutions.
Fact.MR has provided comprehensive information on the different business models employed by ethylene vinyl alcohol (EVOH) market participants, as well as detailed sales analysis of ethylene vinyl alcohol, top EVOH manufacturers, top specialty/standard ethylene vinyl alcohol suppliers, and SWOT analysis and sales generated from target products of top ethylene vinyl alcohol manufacturers.
In recent years, precooked meals and preserves have been packaged in retortable plastic containers produced from EVOH much more frequently. Their advantages over more traditional packaging materials include the avoidance of heat treatment, improvement of the food’s sensory and nutritional quality, and increased convenience.
In response to the potential market for high-end precooked foods, barrier polymers and new food packaging categories have been created. novel market trends have stimulated the development of novel plastic materials with barrier properties capable of meeting the expectations of food processing companies.
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Segmentation of EVOH Industry Research
- By Grade :
- Standard EVOH
- Specialty EVOH
- By Downstream Form :
- Films & Sheets
- Co-extruded
- Laminated
- Fuel Tanks & Containers
- Pipes & Tubes
- Bottles & Pouches
- Others
- Films & Sheets
- By End Use :
- Packaging
- Food & Beverages
- Fresh Produce
- Bakery & Confectionery
- Processed Food
- Pharmaceuticals
- Cosmetics
- Others
- Food & Beverages
- Industrial
- Gasoline Tanks
- Protective Membranes
- Piping Systems
- Landfill Covers
- Others
- Packaging
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South-East Asia & Oceania
- Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the ethylene vinyl alcohol market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on grade (standard, specialty), downstream form (films & sheets (co-extruded, laminated), fuel tanks & containers, pipes & tubes, bottles & pouches), and end use (packaging (food & beverages (fresh produce, bakery & confectionery, processed food), pharmaceuticals, cosmetics, others), industrial (gasoline tanks, protective membranes, piping systems, landfill covers, others)), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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