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EVOH Films for Packaging Market

EVOH Films for Packaging Market

EVOH Films for Packaging Market Analysis Report By Product Type (Blown Film, Cast Film), By Application (Pouches, Trays, Bags & Sacks, Wrapping Films, Lids, Liquid Packaging Solutions), By End-use Industry (Food, Healthcare, Personal Care & Cosmetics) - Regional Forecast to 2028

EVOH Films for Packaging Market
FACT1673MR

Global EVOH Films for Packaging Market Outlook

The EVOH films for packaging market is projected to reach US$ 8.01 Bn by 2032, at a CAGR of 5.05% from 2022 to 2032.

The global sales of EVOH films for packaging is estimated at US$ 5.04 Bn in 2022. Increasing preference for flexible packaging that is customer friendly, sustainable and prolongs shelf life of products is expected to propel the demand for EVOH film packing during the assessment year.

The EVOH films packaging market accounts for 2% of total packaging market in 2022 and is expected to expand due to rising consumer inclination towards green packaging that ensures ease of use. EVOH films packaging is expected to gain an absolute $ opportunity of US$ 2.97 Bn during the assessment period 2022-2032.

EVOH (Ethylene-vinyl alcohol copolymer) is an elastic, crystalline, glossy thermoplastic copolymer. This material has outstanding flex-crack resistance, and displays a high resistance to hydrocarbons, oils and organic solvents, thus often referred as COEX EVOH. EVOH barrier film packaging is used to address consumer concern regarding food wastage and to prevent diseases caused due to food contamination.

EVOH films have wide range of utility even in cosmetic and healthcare industry where it is used to pack makeup products and medicinal supplies. These products are maintained in specific atmosphere for an optimal usage. This in turn is expected to increase the demand for durable packaging that preserves quality of products for extensive durations, by acting as a barrier to different gases and dust particles present in the atmosphere.

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.

Base Year Value (2021A)

US$ 4.80 Bn

Estimated Year Value (2022E)

US$ 5.04 Bn

Projected Year Value (2032F)

US$ 8.01 Bn

Value CAGR (2022-2032)

5.05%

Collective Value Share (US, UK, China ): 2022Top 3 Countries

45%

 Key Companies Profiled

  • Mondi Group
  • Smurfit Kappa Group Plc
  • Kuraray Co. Ltd
  • Amcor Ltd
  • Berry Global Inc.
  • Coveris Holdings S.A.
  • Winpak Ltd.
  • Schur Flexibles Holding GesmbH
  • Mitsubishi Chemical Holdings Group
  • FLAIR Flexible Packaging Corporation.
  • Korozo Packaging
  • Nippon Gohsei
  • Kaneka Corporation
  • Sasol

 

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2017-2021 Global EVOH Film for Packaging Outlook in Comparison to 2022-2032 Growth Forecast

Companies are preferring EVOH packaging as it acts as a barrier to oxygen in order to keep the composition of food ingredients intact. It has reduced the need of preservatives that are generally added to perishable packaged food in order to prolong its shelf life. Owing to this factor, demand for EVOH film packaging is expected to rise in near future.

Consumer’s inclination towards environment friendly products that have low carbon footprint is rising as they do not want to contribute in already pilling waste. EVOH film packing is eco-friendly in nature as it has very low carbon footprint and can be recycled easily. Unlike plastic and paper containers it does not generate waste or result in cutting down of wood for raw material. These benefits are expected to increase the demand for EVOH film packaging in the market.

Printing on EVOH film is easy. Brands can leverage this property to advertise on the packaging containers using graphics and catchy taglines. Companies can provide detail labelling about ingredients and their sources to increase transparency and win over consumer trust by being more accountable. These factors are expected to push the demand for EVOH films in near future.

Use of EVOH packaging has penetrated in other industries as well. It is used in electronic industry for sealing electronic goods like TV, washing machine, refrigerators. Whereas, in personal care industry, it is used in manufacturing containers for lotions and moisturizers which need to be stored at certain temperatures to retain their properties. Increase in end-use application is expected to rise the demand for EVOH film in the market. In addition to obstruction of gases and dust particles the gloss look of EVOH packaging is visually appealing to consumers and is expected to convince even more consumers to use it in everyday life.

EVOH Film for Packaging Gaining Traction in the Industry

Rising demand for organic products that do not make use of any synthetic elements and so are perishable in nature is expected to drive the demand for EVOH films for packaging in the market. Additionally, EVOH is resistant to oil and organic solvents which makes it a right choice to store edibles for longer duration.

Online sales channel is expected to be the preferred choice of consumers to buy EVOH films for packaging. Many companies are focusing on developing their e-commerce sites and company owned websites to increase engagement with consumer on personal level. Key manufacturers are focusing on strategic mergers and acquisitions to appeal to wider range of target audience. For instance,

  • Japan’s Kuraray Co. Limited, a company with strong background in fields of polymer chemistry, synthetic chemistry and chemical engineering announced the acquisition of Australian-based Plantic Technologies expert in bio-based barrier materials. Kuraray expects to leverage plantics global sales network in Europe, USA and Asia, to fulfil global demand for packaging with emphasizes on improved freshness, reduced food loss and minimal waste due to use of environmentally friendly material.

An Adaptive Approach to Modern-day Research Needs

Restraining Factors of EVOH Film for Packaging Market

One of the limiting factors which hinder the growth of EVOH film for packaging is its moisture sensitivity which increases its oxygen permeability, when the packaging is exposed to humidity. Another restraining factor is the alternative choices available to consumers in the market such as Met-PET Films, PE Lamination.

Impact of COVID-19 on the EVOH Film for Packaging

The covid-19 had a negative impact on the EVOH film for packaging. Disrupted supply chains affected operations at different stages hampering the overall production of EVOH films for packaging. Strict government’s lockouts brought instore sales to a standstill. Transportation ban delayed availability of raw-material affecting other processes as well. Manufacturing units were closed due scarcity of skilled laborers and scarcity of resources.

But as the economy revives demand for sustainable product packaging that lengthens shelf life is expected to rise. EVOH films has strong obstruction properties against nitrogen, carbon-dioxide and oxygen which maintains product freshness. Increase in consumption of packaged food and development of different packaging types like bags, pouches is expected to increase the demand for EVOH packaging in the near future.

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Country-wise Insights

What is the market scenario of EVOH films for packaging in US?

North America is estimated to dominate the global EVOH films packaging market. Countries like US, Canada are expected to drive the regional market as manufacturers are setting up producing facilities and emphasizing on developing EVOH films in bulk. Increasing end-use application in different industries like healthcare, cosmetics, electronics, food, personal care is expected to bring enormous growth opportunities for the regional market.

What is driving the Asia-Pacific EVOH films for packaging market?

Asia pacific market is expected to open doors to many untapped opportunities owing to  rising population, increase in per capita income and consumer awareness about packaging to ensure food is safe to consume is expected to increase the demand by multifold. China is expected to be a prominent country driving the market, as it houses many manufacturing units. It is a hub for many healthcare, cosmetic industries that need packaging to transport products to their regional or international destinations for sale. This is expected to surge the demand for EVOH films for packaging during assessment years (2022-2032).

eVOH films for packaging market forecast by Fact.MR

Category-wise Insights

Which type of product is consumed maximum in the EVOH Film for packaging industry?

Pouches account for maximum share of 35% due to added convenience it offers for packaging products. Companies have developments advanced seal and barrier technologies for pouches to further enhance its storage function which in turn is expected to rise the demand for pouches in market due to easy availability of different pouch sizes.

Which sales channel contributes maximum to revenue generation during 2022?

Company-owned websites and e-commerce channels accounted for more than 40% of sales in 2022. Consumers were stuck at home and preferred purchasing online from the safety of their home. As a result, sales through online channels surged and was preferred by consumers due to the availability of varied options and prevalence of schemes and discount offers on different brands and products.

Competitive Landscape

EVOH film for packaging manufacturers are exploring new and innovative designs focusing on consumer convenience. Key manufacturers are utilizing consumer inclination towards sustainable packaging in way of new product development. For instance,

  • March 2021, Ireland-based, Smurfit Kappa has launched an EVOH film as part of its Bag-in-Box solution. This 60-micron film, marketed as E Compact 60, makes less use of plastic as compared to its counterparts. This packaging is said to be sustainable, resistant to gases and offers enhanced customer convenience.

Global EVOH Film for Packaging Market by Category

  • By Product Type, Global EVOH Film for Packaging Market is segmented as:

    • Blown Film
    • Cast Film
  • By Application, Global EVOH Film for Packaging Market is segmented as:

    • Pouches
    • Trays
    • Bags & Sacks
    • Wrapping Films
    • Lids
    • Liquid Packaging Solutions
    • Others (Sachets, Bag-in-box, Tubes)
  •  By End-use Industry, Global EVOH Film for Packaging is segmented as:

    • Food
    • Healthcare
    • Personal Care & Cosmetics
    • Others (Building, Construction and Electronics Industry)

- FAQs -

The global EVOH film for packaging market is estimated to be worth over US$ 5.04 Bn by 2022
The demand is anticipated to surpass US$ 8.01 Bn by 2032 end
Global demand for EVOH film for packaging rose at a rate of 5.05% from 2022 to 2032
Mondi Group, Smurfit Kappa Group Plc, Kuraray Co. Ltd, Amcor Ltd, Berry Global Inc. products are the most prominent players and account for 30-40% of market share of global market.
The North America tops the global market for EVOH film for packaging. Sales in the North America is anticipated to account for a share of 35 % in the EVOH film for packaging market in 2022.
Food Packaging industry contributes maximum share of 55% to the total revenue of EVOH film for packaging.

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