Sales in EVOH Films for Packaging Market to Increase by 1.9x; Pouches to Contribute Over 35% of Sales

New YorkAnd January 4, 2022 /PRNewswire/ – Global custom EVOH films are expected to reach the size of the packaging market 8.01 billion US dollars, showing a growth at a compound annual growth rate of 5.05% between 2022 and 2032, and predicts the truth. The increased use of EVOH films for packaging in the food industry to reduce waste and prevent chronic diseases associated with food contamination is expected to drive the market.

According to the World Health Organization (WHO), around 600 million people fall ill each year after eating contaminated food, while around 420,000 deaths occur worldwide from it. Since EVOH packaging films offer excellent resistance to hydrocarbons and elastic cracking, they prevent food contamination.

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According to Fact.MR, the eco-friendly nature of EVOH packaging films is also expected to boost its worldwide demand in the coming years. Consumers’ rapid shift towards sustainable products with a low carbon footprint is likely to increase the demand for these films.

Besides, EVOH films help manufacturers to use attractive logos and graphics on their packaging for advertising purposes as printing on these products is easy. This useful attribute also enables them to provide a detailed breakdown regarding the ingredients in their products to increase brand transparency.

“The increased use of EVOH films for packaging of cosmetics and personal care products is expected to drive growth in the near future. These films are set to be widely used in packaging lotions and moisturizers that must be stored at a certain temperature,” says the Fact.MR analyst.

The main takeaway:

  • Depending on the application, the bag segment is set to capture around 35% of the market share due to the continuous development of barrier and seal technologies for these products.
  • With the end use industry, the food segment is expected to dominate the market in terms of share as EVOH films for packaging help reduce food contamination.
  • The United States is likely to capture the largest market share in North America Against the background of the rapid expansion of the healthcare and electronics industries.
  • in a Asia PacificAnd China It is expected to capture the lion’s share as it includes many healthcare companies that require packaging to transport their products to different parts of the world.

Growth Engines:

  • The increasing growth of e-commerce websites by prominent players is set to lead to increased interaction with customers on a personal level.
  • High demand for organic packaging materials that are easily perishable by nature and do not contain any artificial ingredients is likely to drive growth in this market.
  • Increased use of EVOH packaging films for food storage for a longer period of time because they are resistant to organic solvents and the oil is expected to promote growth.

Limitations:

  • The moisture sensitivity of EVOH packaging films often results in increased oxygen permeability when exposed to moisture, which hampers their use.
  • The increased availability of several alternative products, such as PE laminations and met-PET films to customers may limit growth in this market.

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Competitive scene

The major players operating in the global EVOH Films for packaging market mainly focus on launching new products to meet the high demand of customers located in a wide range of industries. Meanwhile, others aim to expand their production capabilities to generate more sales and consolidate their positions in this market.

for example,

  • November 2021: Lieb Cellars, the leading winemaker in Long Island North Fork has teamed up with Rapak, a flexible packaging services company, to provide them with a bag-in-box solution. The new innovative Nylon-EVOH film will provide high puncture resistance and excellent oxygen barrier, thus improving the shelf life of fine wine products.
  • March 2021: Smurfit Kappa, a famous corrugated packaging company based in Ireland, introduced the latest EVOH films for the Bag-in-Box solution. The new film is marketed as E Compact 60 and is able to reduce the amount of plastic the company uses while manufacturing the bags. At the same time, the product will enable the company to reduce carbon dioxide emissions by 12% and the weight of the bag by 16%.
  • August 2021: UFlex Ltd, an IndiaA leading company based in flexible packaging has announced that it plans to expand production capacity for packaging films. in a Poland, the company aims to expand the capacity of BOPET film production line to 45,000 tons per year. At Purina Dog Chow PET Food, the company recently replaced the PET in its EVOH-based BOPP film structure with recyclable monopolymer sheets.

The major players in EVOH Films for Packaging Market include:

  • Mundi group
  • Smurfit Kappa Group Plc
  • Koraray Co., Ltd.
  • Amcor Ltd.
  • Berry Global Company
  • Coveris Holdings SA
  • Winpak Ltd.
  • Schur Flexibles Holding GesmbH
  • Mitsubishi Chemical Holding Group
  • FLAIR FLEXIBLE PACKAGING CO.
  • Corozo Packaging
  • Nippon Johsi
  • Kanika Company
  • Sasol

More Valuable Insights About EVOH Films For Packaging Market

Fact.MR provides an unbiased analysis of the EVOH Films Packaging market, providing historical demand data (2017-2021) and forecast statistics for the period 2022-2032. The study reveals compelling insights into the global EVOH Films for Packaging market with detailed segmentation on the grounds of:

Product Type

Request

  • bags
  • trays
  • bags and bags
  • packaging films
  • covers
  • Liquid Packaging Solutions
  • Others (bags, bags in a box, tubes)

end use industry

  • food
  • Health Care
  • Personal care and cosmetics
  • Other (building and construction, electronics industry)

Area

  • North America
  • Europe
  • South Asia
  • East Asia
  • Latin america
  • Mine
  • Oceania

The Key Questions Covered in the EVOH Films Packaging Market Report

  • The report provides EVOH Films insights into the demand forecast of the packaging market 2022-2032.
  • The market study also highlights the expected sales growth of EVOH Films for the packaging market between 2022 and 2032.
  • The EVOH Films for Packaging market survey identifies the key growth drivers, restraints, and other forces influencing the prevailing trends, and assesses the current market size, forecast, and technological advancement within the industry.
  • EVOH Films to analyze the packaging market share of key industry companies and cover strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, and others.

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