Global Ethylene Vinyl Acetate (EVA) Packaging Materials Market, By Type (Vinyl Acetate-Modified Polyethylene (Low Vinyl Acetate Density), Thermoplastic Ethylene Vinyl Acetate (Medium Vinyl Acetate Density), and Ethylene Vinyl Acetate Rubber (High Vinyl Acetate Density)), Application (Films, Foams and Others), End User (Automotive, Paints, Coatings and Adhesives, Electronics and Electrical, Pharmaceutical, Footwear and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Ethylene Vinyl Acetate (EVA) Packaging Materials Market
Data Bridge Market Research analyses that the ethylene vinyl acetate (EVA) packaging materials market will project a CAGR of 11.00% for the forecast period of 2022-2029 and would reach an estimated value of USD 1,763.56 million by the end of forecast period.
Ethylene vinyl acetate is an ethylene-vinyl acetate copolymer. It is an elastic material with a vinyl acetate content ranging from 10% to 40%. It has high flexibility and softness and is also known as polyethylene vinyl acetate (PEVA). Ethylene vinyl acetate also has good clarity and gloss, low-temperature toughness, stress crack resistance, a high friction coefficient, hot-melt adhesive waterproof properties, and ultraviolet radiation resistance. These copolymers are used in a variety of end-use industries, including footwear and foams, packaging, agriculture, photovoltaic encapsulation, and others.
The rise in demand from the food packaging and solar industries is expected to drive the growth of the ethylene vinyl acetate (EVA) packaging materials market during the forecast period. Furthermore, social and regulatory interventions encouraging the use of eco-friendly emulsions are expected to drive the growth of the ethylene vinyl acetate (EVA) packaging materials market.
Additionally, the increase in construction investment and the advancement of the paints and coatings sector in developing countries is expected to drive the growth of the ethylene vinyl acetate (EVA) packaging materials market. The growing consumer awareness of the harmful effects of solvent-based emulsions will provide additional opportunities for the growth of the ethylene vinyl acetate (EVA) packaging materials market in the coming years.
However, the rising cost of vinyl acetate emulsion in comparison to conventional is expected to impede the growth of the vinyl acetate emulsions market over the forecast period. The volatility of vinyl acetate feedstock costs may pose additional challenges to the growth of the ethylene vinyl acetate (EVA) packaging materials market in the near future.
This ethylene vinyl acetate (EVA) packaging materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 ethylene vinyl acetate (EVA) packaging materials 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 Materials Market Scope and Market Size
Global ethylene vinyl acetate (EVA) packaging materials market is segmented on the basis of type, application and end user industry. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type the ethylene vinyl acetate (EVA) packaging materials market is segmented into vinyl acetate-modified polyethylene (low vinyl acetate density), thermoplastic ethylene vinyl acetate (medium vinyl acetate density), and ethylene vinyl acetate rubber (high vinyl acetate density).
- On the basis of application, the ethylene vinyl acetate (EVA) packaging materials market is segmented into films, foams and others.
- On the basis of end user industry, the ethylene vinyl acetate (EVA) packaging materials market is segmented into automotive, paints, coatings and adhesives, electronics and electrical, pharmaceutical, footwear and others.
Ethylene Vinyl Acetate (EVA) Packaging Materials Market Country Level Analysis
The global ethylene vinyl acetate (EVA) packaging materials market is analysed and market size insights and trends are provided by country, type, application and end user industry referenced above.
The countries covered in the ethylene vinyl acetate (EVA) packaging materials 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.
Asia-Pacific accounts for the major share of the market due to the development of the packaging and paper, automotive, footwear, photovoltaic panels, and pharmaceutical industries. In the Asia-Pacific region, increased demand for packaging materials, electric automobiles, and photovoltaic panels for solar energy production has resulted in a surge in demand for ethylene vinyl acetate packaging materials.
The country section of the ethylene vinyl acetate (EVA) packaging materials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Materials Market Share Analysis
The ethylene vinyl acetate (EVA) packaging materials 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 materials market.
Some of the major players operating in the ethylene vinyl acetate (EVA) packaging materials market are Celanese Corporation, Eastman Chemical Company, INEOS Capital Limited., Jubilant Life Sciences Limited, Lonza., Sekab, PT. Indo Acidatama Tbk., Solvay, Merck KGaA, Shandong Jinyimeng Group Co. Ltd., DAICEL CORPORATION., KAI CO., LTD., Sipchem., SHOWA DENKO K.K., Jiangsu SOPO (Group) Co., Ltd., Ashok Alco-Chem Limited, Solventis, Kanoria Chemicals & Industries Ltd., Yip's Chemical Holdings Limited and GODAVARI BIOREFINERIES LTD. among others.
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