Global Ethylene-Vinyl Alcohol Copolymer (EVOH) Films Market - 2023-2030

Market Overview

EVOH films market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2023-2030).

EVOH, also known as ethylene-vinyl alcohol copolymer, is a crystal-clear, flexible, glossy copolymer with excellent resistance to flex-crack and extremely high resistance to oils, hydrocarbons and organic solvents. A product's shelf life is frequently protected and preserved by placing it in a hermetically sealed bag, which reduces the number of gases that can pass through the packaging. EVOH is particularly well suited for packaging food, cosmetics, medications and other perishable items because it has some of the best barrier resistance to gases like nitrogen, oxygen and carbon dioxide. The barrier properties of EVOH have superior properties as compared to other films. When exposed to moisture, EVOH loses its characteristics as a gas barrier. It is primarily used in multilayer, co-extruded films like HDPE, PP and PET because they have superior moisture barrier properties and optimize cost and performance

Market Dynamics

Large-scale investments made by the global players in the development of plastics and packaging and automotive primarily fuel the demand for EVOH films. The demand for packaged food has increased due to population growth, disposable income and consumer demand for quick and ready-to-eat meals. The development of the food and beverage industry, which uses EVOH materials, is primarily for producing laminated or coextruded flexible food packaging films and blow-molded or thermoformed food containers and bottles. The growing packaging industry and the use of packaging in food and beverage application in large number are propelling the demand for EVOH in the global market.

However, its moisture sensitivity, which increases its oxygen permeability when the packaging is exposed to humidity, is one factor that restricts the growth of EVOH film.

Ethylene-Vinyl Alcohol Copolymer (EVOH) films for packaging purposes are gaining traction among all end-use Industries, driving the growth of the global EVOH films market.

The market for EVOH films for packaging is expected to increase demand as consumers turn to more natural, non-synthetic and perishable organic products. EVOH films are typically not biodegradable or degradable (only gradually). The decomposition rate can be significantly accelerated by copolymerization with different monomers or blending with other substances. Consequently, a mixture of EVOH and polyvinyl alcohol (PVOH) is becoming more popular among end-users. Additionally, the significant use of packaging across all end-use industries creates a lucrative growth prospect for EVOH films globally.

COVID-19 Impact Analysis

COVID-19 has impacted the EVOH film market. Supply chains were disrupted at various points, hampering the overall production of EVOH films for various purposes. Store sales ceased due to stringent government lockdown by government authorities. The transportation ban disrupted the supply of raw materials, which also affected other processes. Due to a lack of resources and skilled labor, manufacturing facilities have halted or closed. However, demand for sustainable product packaging that extends shelf life is anticipated to increase as the economy improves. Since nitrogen, carbon dioxide and oxygen are strongly obstructed by EVOH films, product freshness is maintained. The demand for EVOH packaging is anticipated to rise shortly due to increased packaged food consumption and the development of new packaging ethylene contents like pouches and bags.

Segment Analysis

The global EVOH films market is classified based on ethylene content, application, end-user and region.

The ability to provide better stretch and shrink ability with high barrier properties, driving the market growth during the forecast period

Because of its numerous applications in food and medical packaging material, automotive plastic fuel tank and containers for agricultural use and possibly more due to their high barrier properties against various gases, the best gas barrier is provided by grades with low ethylene content. In contrast, grades with high ethylene content provide the greatest flexibility and easiest processing. EVOH has very high resistance to hydrocarbons, oils and organic solvents and excellent flex-crack resistances; consequently, the below 27 mole % ethylene content segment is anticipated to dominate the global ethylene-vinyl alcohol copolymer (EVOH) films market over the forecasted period.

Geographical Analysis

The global EVOH films market is classified based on ethylene content, application, end-user and region.

Growing infrastructure development in emerging economies to boost the growth of the global EVOH films market over the forecasted period

Due to rising per capita income, population growth and consumer awareness of food safety packaging, the Asia Pacific market is anticipated to present numerous untapped opportunities. These factors are expected to boost the demand for EVOH films in the global market. China is anticipated to play a key role in driving the market as several manufacturing facilities are available in the country. It is a hub for many healthcare and cosmetic industries that need packaging to ship goods to local or distant markets for sale and distribution. Due to this, the demand for EVOH packaging films is projected to increase during the coming years.

Competitive Landscape

In order to gain a significant market share in the global EVOH films market, manufacturers are focusing on offering strategic mergers, acquisitions and new and existing product developments. Major players operating in the EVOH films market are Mondi Group, Smurfit Kappa Group Plc, Kuraray Co. Ltd, Coveris Holdings S.A., Winpak Ltd., Schur Flexibles Holding GesmbH, Mitsubishi Chemical Holdings Group, FLAIR Flexible Packaging Corporation, Korozo Packaging and Nippon Gohsei.

Smurfit Kappa Group Plc

Overview: The Smurfit Kappa Group plc is engaged in the paper-based and corrugated packaging business. It is a part of the FTSE 100 Index and has been listed on the London Stock Exchange. Smurfit has 350 production facilities across 36 countries and employs over 48,000 globally. The company serves regions that include: the Americas and EMEA. Smurfit serves 24 sectors and its product portfolio includes packaging, BIB packaging, displays, containerboard, paper & paperboard, recycling and packaging machinery.

Product Portfolio:

Bag-in-Box bags: The bags can hold 1.5 to 1000 liters of liquid and come in square or rectangular shapes with right-angled, rounded or delta corners. The selection of Smurfit's extensive film structure satisfies clients' mechanical resistance and oxygen barrier requirements. In the packaging of BIB bags, semi, non-barrier and transparent films are used.

Key Development: On March 23, 2022, Smurfit Kappa, an Irish company, introduced an EVOH film as a component of its Bag-in-Box solution in March 2021. E Compact 60, the brand name for this 60-micron film, uses less plastic than comparable products. The sustainability, gas resistance and increased customer convenience of this packaging are claimed.

Why Purchase the Report?

• To visualize the global EVOH films market segmentation based on ethylene content, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global EVOH films market by analyzing trends and co-development.
• Excel data sheet with numerous data points of EVOH films market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global EVOH films market report would provide approximately 61 tables, 60 figures and 235 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies