Global Ethylene-Vinyl Acetate (EVA) Packaging Market, By Type (Very low-density, Low-density, Medium-density, High-density EVA), Grade (Below 18% VA, 18% VA, 28% V.A., Above 28% V.A.) – Industry Trends and Forecast to 2029
Market Analysis and Size
Ethylene-vinyl acetate (EVA) is used in the highest volumes for packaging, especially for milk pouches and deep-freeze packaging. In such applications, ethylene-vinyl acetate (EVA) flexibility at low temperatures, greater resilience, higher mechanical strength and higher permeability to water vapor and gases are making it more popular over the low-density polyethylene and polyvinyl chloride. Therefore, with the rising demand for packaged food, on account of people increasing purchasing power, the consumption of ethylene-vinyl acetate (EVA) in packaging booming during the forecast period.
Data Bridge Market Research analyses that the ethylene-vinyl acetate (EVA) packaging market was valued at USD 600.00 million in 2021 and is expected to reach USD 833.86 million by 2029, registering a CAGR of 4.20 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Very low-density, Low-density, Medium-density, High-density EVA), Grade (Below 18% VA, 18% VA, 28% VA, Above 28% VA)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Dow (U.S.), DuPont (U.S,); BASF SE (Germany), 3M (U.S.), Merck KGaA (Germany), LyondellBasell Industries N.V. (Netherlands), Hexion (U.S.), Atul Ltd (India), New Japan Chemical Co. Ltd. (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals Co. Ltd. (South Korea), Anhui Xinyuan Chemical Co. Ltd. (China), S.I.R. Industriale (Italy), LANXESS (U.S.), Nagase America Corporation (U.S.), Huntsman Corporation L.L.C (U.S.), Mitsubishi Chemical Holdings Corporation (Japan), Milliken & Co group (U.S.), Olin Corporation (U.S.), Solvay (Belgium)
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Market Opportunities
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Market Definition
Ethylene-vinyl acetate (EVA) is a copolymer of vinyl acetate and ethylene. EVA is a highly elastic material which sustains its durability even after being treated into a porous rubber-like material. It is used as a sealant in the packaging of meat and dairy. EVA is an elastomeric polymer that produces materials with "rubber-like” flexibility and softness. This material has good stress-crack resistance, clarity and gloss, low-temperature toughness, hot-melt adhesive waterproof properties, and resistance to U.V. radiation.
Ethylene-Vinyl Acetate (EVA) Packaging Market Dynamics
Drivers
- Rising demand due to beneficial properties
Ethylene-vinyl acetate (EVA) Packaging is a copolymer of ethylene and vinyl acetate due to this it produces rubber like flexible and soft material. The key properties of EVA such as resistance, flexibility, resilience, toughness, and transparency have increased its preference in the packaging industry for the packaging of products expected to drive the market growth rate.
- Rising demand for food and medical packaging
Ethylene-vinyl acetate (EVA) is mainly used for packaging an extensive range of food and medical products. The Increasing demand for flexible packaging mainly for the food industry due to its store, carry, transport, and reseal, reduced wastage, lightweight, easy to open, among others, is expected to promote the market growth rate of ethylene-vinyl acetate (EVA).
Opportunities
- Rising demand for bio-based material
Increasing awareness among people towards the usage of environment-friendly, eco-friendly and bio-based ethylene-vinyl acetate products for packaging due to environmental concern are expected to drive the growth of the ethylene-vinyl acetate (EVA) packaging market.
Moreover, growth in strategic collaborations and increase in emerging new markets will act as market drivers, further increasing beneficial opportunities for the market's growth rate.
Restraints/ Challenges
There are also some drawbacks of ethylene-vinyl acetate (EVA) which hinders the growth of the ethylene-vinyl acetate (EVA) packaging market. The EVA copolymers start decomposing when it has exposed to ultraviolet radiation or atmospheric water and starts producing acetic acid at a slow rate which is leading to the a lowered level of pH and increased the surface corrosion this is the major market restrains that will obstruct the market's growth rate.
This ethylene-vinyl acetate (EVA) packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethylene-vinyl acetate (EVA) packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ethylene-Vinyl Acetate (EVA) Packaging Market Scope
The ethylene-vinyl acetate (EVA) packaging market is segmented on the basis of type and grade. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Very low-density
- Low-density
- Medium-density
- High-density EVA
Grade
- Below 18% VA
- 18% VA, 28% VA
- Above 28% VA
Ethylene-Vinyl Acetate (EVA) Packaging Market Regional Analysis/Insights
The ethylene-vinyl acetate (EVA) packaging market is analysed and market size insights and trends are provided by country, type and grade as referenced above.
The countries covered in the ethylene-vinyl acetate (EVA) packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the ethylene-vinyl acetate (EVA) packaging market in terms of market share during the forecast period. This is due to the increasing demand for ethylene-vinyl acetate (EVA) packaging in this region. The Asia-Pacific region leads the ethylene-vinyl acetate (EVA) packaging market due to increasing investment in infrastructure along with rapid industrialization in this region.
During the expected period, North America is expected to be the fastest developing region the growing regional packaging industries in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethylene-Vinyl Acetate (EVA) Packaging Market Share Analysis
The ethylene-vinyl acetate (EVA) packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethylene-vinyl acetate (EVA) packaging market.
Some of the major players operating in the ethylene-vinyl acetate (EVA) packaging market are:
- Dow (U.S.)
- DuPont (U.S.)
- BASF SE (Germany)
- 3M (U.S.)
- Merck KGaA (Germany)
- LyondellBasell Industries N.V. (Netherlands)
- Hexion (U.S.)
- Atul Ltd (India)
- New Japan Chemical Co. Ltd. (Japan)
- Aditya Birla Chemicals (India)
- Kukdo Chemicals Co. Ltd. (South Korea)
- Anhui Xinyuan Chemical Co. Ltd. (China)
- SIR Industriale (Italy)
- LANXESS (U.S.)
- Nagase America Corporation (U.S.)
- Huntsman Corporation L.L.C (U.S.)
- Mitsubishi Chemical Holdings Corporation. (Japan)
- Milliken & Co group (U.S.)
- Olin Corporation (U.S.)
- Solvay (Belgium)
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