EVOH Films for Packaging Estimated to Expand at a Robust 4.7% CAGR over 2028 - Fact.MR
EVOH films remain a pragmatic packaging solution in the food and beverage industry, owing to its excellent anti-contamination properties. EVOH films for packaging manufacturers continue to benefit from the rising demand for flexible packaging solutions in healthcare, personals care & cosmetics, and electronics sectors. Owing to the excellent benefits of using EVOH films for packaging, such as extending shelf life and limiting product losses, the adoption of EVOH films will remain widespread across the packaging industry. Leading manufacturers are focusing on introducing additional functionalities of EVOH films for packaging such as cost-effectiveness and high seal strength, displaying an emerging trend in the EVOH films for packaging market.
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Rising industrial applications of barrier packaging materials is triggering demand for raw materials with highly specialized properties among market players in the EVOH films for packaging market. Kuraray Co., Ltd, a Japanese manufacturer of EVOH films used in food packaging, recently acquired the U.S.-based Calgon Carbon Corporation, to boost the use of filtration media products in various manufacturing processes to deliver high-quality and sustainable EVOH films for packaging market. Although, the company’s focus on mitigating the negative impact of raw materials on its manufacturing procedures has resulted in a significant rise in the selling price of EVAL™ EVOH films manufactured by the company.
The Smurfit Kappa Group plc, a European packaging company, is focusing on the using innovative raw materials to develop high performance packaging solutions for the drinks market. The company recently launched new Thermo Bag-in-Box packaging product using medium-density polyethylene (MDPE), linear low-density polyethylene (LLDPE), and EVOH films to meet the standards of hot filling processes followed during the manufacturing of various beverages. Smurfit used a combination of these raw materials, such as MDPE, LLDPE, and EVOH, to leverage their special properties such as thermo-resistance, flexibility, and oxygen resistance to extend the product life. The company has been relentlessly developing higher performance materials for packaging to bring enhanced product quality for consumers and gain a competitive edge in the EVOH films for packaging market.
Growing Focus on Sustainable Packaging Solutions Can Stymie Growth in the Long Run
Increasing concern about the environmental damages caused due to plastic is influencing consumers to shift towards eco-friendly alternatives for plastic in the packaging industry. Leading manufacturers are considering the dynamic consumer demand for environmentally-friendly materials while adopting strategies to manufacture EVOH films for packaging market. Growing mandates by governments and increasing carbon-consciousness among consumers is influencing manufacturers to alter their production process. Many players have made a gradual shift from plastic to paper to comply with the evolving demand. The rising number of environmentally-conscious consumers and manufacturers making a shift towards paper packaging solutions may curtail demand for EVOH films for packaging market in the upcoming years.
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Research Methodology
Fact.MR conducts a thorough research to learn about the ebb and flow of EVOH films for packaging market. Right from historical facts and industrial data, to the latest industry-validated data about EVOH films for packaging market is acquired using a unique research methodology. The market research report begins with a secondary research, through which detailed information about the current market dynamics associated with EVOH films for packaging market. This information is validated through a comprehensive primary research, where leading manufacturers and distributors of EVOH films for packaging market. The important quantitative information gathered through primary research is backed by the current market dynamics to provide readers with accurate future prospects of EVOH films for packaging market.