Sales of Ethylene Vinyl Alcohol (EVOH) Market To Record Exponential Growth During  2023 - 2032 : Fact.MR

the global market is valued at US$ 1.7 billion in 2022 and is predicted to expand at a CAGR of 6.4% from 2022 to 2032. Market growth is attributed to factors such as pivoting demand arising from the packaging industry, where EVOH is widely used in the manufacturing of films, pouches, and bags.

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.

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.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 - https://www.factmr.com/connectus/sample?flag=S&rep_id=7556

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.

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

• 𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲 :
Packaging
Food & Beverages
Fresh Produce
Bakery & Confectionery
Processed Food
Pharmaceuticals
Cosmetics
Others

• 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹
Gasoline Tanks
Protective Membranes
Piping Systems
Landfill Covers
Others

• 𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻 :
North America
Latin America
Europe
East Asia
South-East Asia & Oceania
Middle East & Africa

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 - https://www.factmr.com/connectus/sample?flag=RC&rep_id=7556

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 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.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱

Soarnol (Mitsubishi Chemical Corporation)
Kuraray
Chang Chun Group
NSB Polymers
SK Functional Polymers
Reliance Industries Limited

𝗙𝗼𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗕𝘂𝘆 𝗡𝗼𝘄 - https://www.factmr.com/checkout/7556

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.

𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁- https://www.globenewswire.com/en/news-release/2022/08/19/2501633/0/en/The-Parenteral-Nutrition-Industry-Is-Expected-To-Reach-US-7-Bn-By-2022-End-And-Is-Forecast-To-Increase-2x-To-Reach-US-14-Bn-States-Fact-MR.html

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email : sales@factmr.com
Website : https://www.factmr.com

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.