According to the latest report by Fact.MR, the global ethylene vinyl alcohol (EVOH) market is valued at US$ 1.7 billion in 2022 and is projected to grow at a CAGR of 6.4% over the forecast period from 2022 to 2032. The market's expansion is primarily driven by the increasing demand from the packaging industry, where EVOH is extensively used in the production of films, pouches, and bags.

The food and beverage sector is a major contributor to this growth, as EVOH is commonly employed in the packaging of fresh foods, processed items, and baked goods. EVOH packaging plays a crucial role in extending the shelf life of perishable food products, allowing retailers and shop owners to maintain inventory for longer periods, thereby supporting sustained sales and revenue generation.

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

Common polymeric materials generally do not provide the high barrier protection against gases and vapors required for long-term food storage. While aluminum foil laminates initially offer an almost perfect barrier, they are prone to developing pinholes during lamination, forming, filling, processing, transportation, storage, and handling, which can compromise their effectiveness. This is where EVOH (ethylene vinyl alcohol) packaging proves invaluable.

The rising demand for food packaging and advancements in technology are significantly enhancing the use of EVOH across the industry. The growing application of EVOH in the food processing sector has been a key driver of market growth in recent years. EVOH is particularly effective in maintaining the pH level of food and beverages and minimizing their exposure to the atmosphere, which helps preserve their quality and extend shelf life, thereby fueling market expansion.

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

Winning Strategy

Leading manufacturers of EVOH should aim to establish global leadership in innovative solutions by harnessing their R&D capabilities. Expanding their geographical reach and appealing to a broader audience will be crucial in achieving this goal. Market players are increasingly focusing on partnering with well-established distributors, offering them attractive profit margins to push their products more effectively into the market. To capitalize on short-term revenue opportunities, companies should prioritize product line extensions in untapped markets and expand their presence in new segments, particularly in the fresh and processed food industries.

Competition Landscape

Key players in the ethylene vinyl alcohol market include Soarnol (Mitsubishi Chemical Corporation), Kuraray, Chang Chun Group, NSB Polymers, SK Functional Polymers, and Reliance Industries Limited. These companies should leverage their R&D capabilities to expand their product lines and focus on commercial excellence and value-based product positioning. By doing so, they can solidify their position as global leaders in innovative EVOH solutions.

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
Read More: https://www.factmr.com/report/ethylene-vinyl-alcohol-evoh-market

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).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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