Heightened Awareness Regarding Cleanliness to Limit the Spread of Virus is expected to drive the growth of the Global Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market

Ethylene-vinyl alcohol copolymer or EVOH is a flexible, crystal clear, and glossy thermoplastic copolymer with excellent flex-crack resistance, and very high resistance to hydrocarbons, oils and organic solvents. In comparison with many other common films, EVOH has superior barrier properties. However, EVOH loses its good gas barrier properties when exposed to moisture. For this reason and to optimize both cost and performance, it is frequently used in multilayer, co-extruded films like HDPE, PP, and PET, which have superior moisture barrier properties. 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.   

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The global ethylene-vinyl alcohol copolymer (EVOH) packaging films market is expected to reach USD 7,011,317.72 thousand by 2029 from USD 4,783,546.11 thousand in 2022, growing with a substantial CAGR of 5.0% in the forecast period of 2022 to 2029.  Shifting consumer preference towards the flexible packaging and rising awareness about the benefits of ethylene-vinyl alcohol copolymer (EVOH) packaging films are some of the drivers boosting the growth of the market. The increasing deployment of lithium ion batteries in heavy vehicles, growth and expansion of automotive and semiconductors industry and rising personal disposable income are some other important market growth determinants.

Customer friendly and sustainable nature of EVOH packaging films is expected to drive the market's growth rate

There has been a rising consumer inclination toward green and sustainable packaging solutions that also ensures ease of use. Consumers are getting inclined towards environment-friendly products that have a low carbon footprint as they do not want to contribute to already pilling waste in dump yards. EVOH packing film is eco-friendly in nature as it has a shallow carbon footprint and can be recycled easily. Moreover, the rising demand for organic products that do not make use of any synthetic elements and are perishable in nature is expected to drive the demand for EVOH films for packaging. Additionally, EVOH is resistant to oil and is an organic solvent which makes it the right choice to store edibles and food items for a longer duration.

Report Scope and Market Segmentation

Segment Analysis:

The global ethylene-vinyl alcohol copolymer (EVOH) packaging films market is segmented into three notable segments, based on ethylene content, application and end-use.

• On the basis of ethylene content, the ethylene-vinyl alcohol copolymer (EVOH) packaging films market is segmented into ethylene content (mol%) below 29, ethylene content (mol%) 29-35, ethylene content (mol%) 35-38, ethylene content (mol%) 38-44 and ethylene content (mol%) above 44. In 2022, ethylene content (mol %) below 29 segment is expected to dominate the global ethylene-vinyl alcohol copolymer (EVOH) packaging films market with an 40.03%% market share because of their wide range of applications in food & beverages, pharmaceuticals, cosmetics, automotive fuel tanks and may more owing to its high barrier properties against various gases such as oxygen, carbon dioxide and nitrogen.
• On the basis of application, global ethylene-vinyl alcohol copolymer (EVOH) packaging films market is segmented into PE/TIE/EVOH/TIE/PE, PAT/PE/TIE/EVOH/TIE/EVA, PE/TIE/EVOH/TIE/EVA, PE/TIE/PA/EVOH/PA/TIE/PE, PA/EVOH/PA/TIE/LONMER and PA/EVOH/PA/TIE/PE. In 2022, PE/TIE/EVOH/TIE/PE segment is expected to dominate the global ethylene-vinyl alcohol copolymer (EVOH) packaging films market with an 37.42%% market share as these films offer improved the tear and stiffness. Moreover, they are high quality and high performance films.
• On the basis of end user, global ethylene-vinyl alcohol copolymer (EVOH) packaging films market is segmented into food, personal care & cosmetics, household, pharmaceutical, industrial and others. In 2022, food segment is expected to dominate the global ethylene-vinyl alcohol copolymer (EVOH) packaging films market with an 50.14%market share as it provides a flexible, crystal clear and glossy appearance to the food products packed within these films. These films protect against the moisture further inhibiting the growth of bacteria and fungi and preserving food products.

Major Players

Data Bridge Market Research recognizes the following companies as the major ethylene-vinyl alcohol copolymer (EVOH) packaging films market players in advanced wound care market are KURARAY CO., LTD. (Japan), Coveris (U.K.), Chang Chun Group (Taiwan), Schur Flexibles Holding GesmbH (Austria), KUREHA CORPORATION (Japan) and ProAmpac (U.S.).

• In February 2022, Arkema acquired Ashland’s Performance Adhesives business, which is a first-class leader in high performance adhesives in the U.S. This operation is a major step in Arkema’s strengthening its Adhesive Solutions segment. This acquisition will bring more opportunity for the company and increases its market growth.
• In February 2022, Arkema expanded its engineering adhesives segment with the acquisition of Shanghai Zhiguan Polymer Materials (PMP) in China. PMP is a specialized in hot-melt adhesives for the consumer electronics market. This project is in line with Bostik’s strategy to build a strong position in the attractive engineering adhesives market and to accelerate its development in the fast-growing electronics market in Asian region. This will enhance company’s reputation in the market.

Regional Analysis

Geographically, the countries covered in the ethylene-vinyl alcohol copolymer (EVOH) packaging films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in ethylene-vinyl alcohol copolymer (EVOH) packaging films market during the forecast period 2022 - 2029

Asia-Pacific dominates the ethylene-vinyl alcohol copolymer (EVOH) packaging films in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major key players and a well-developed food industry in the country.   

North America is estimated to be the fastest growing region in ethylene-vinyl alcohol copolymer (EVOH) packaging films market the forecast period 2022 - 2029

North America is expected to grow during the forecast period due to the increasing patient population and rapid development of infrastructural facilities in emerging economies in this region. Manufacturers are establishing manufacturing facilities and focusing on developing EVOH films in bulk in countries such as United States and Canada, which are likely to drive the regional market. Increasing end-use applications in industries such as healthcare, cosmetics, electronics, food, and personal care are likely to provide the regional market with significant development prospects.

COVID-19 Impact Analysis

The COVID-19 had an adverse effect on the EVOH packing material. Supply chain disruptions hampered total production of EVOH packaging films at various stages. Lockouts imposed by the government halted in-store sales. The transportation ban caused a delay in raw material supply, which impacted other operations as well. Due to a scarcity of competent personnel and resources, manufacturing units were shutdown. However, as the economy improves, demand for long-lasting product packaging is projected to increase. The strong blockage capabilities of EVOH films against nitrogen, carbon dioxide, and oxygen help to keep products fresh. Increased packaged food consumption and the development of new packaging types such as bags and pouches are projected to boost demand for EVOH packaging in the near future.

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