The EVOH resins market for food application in North America is expected to grow from US$ 242.87 million in 2022 to US$ 307.80 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
The rising application of EVOH resins in the food packaging sector is the major factor driving the North America EVOH resins market for food application. EVOH resins are specially used as a barrier in packaging, such as films, trays, and bottles, via a co-extrusion process to protect meals from oxygen, which can create moisture in packed food. Increasing population and rising per capita disposable income of consumers are propelling the demand for packed food. Changing lifestyles of consumers and increasing consumption of bread, sausages, and other snacks are driving the demand for EVOH resins in the food packaging sector. Growing demand for packaging offering high barrier properties and surging need to increase shelf life and consumer safety are among the factors boosting the need for EVOH resins in the sector.
The rising awareness regarding the safety and hygiene of consumables and clean room packaging is increasing the EVOH application in the food packaging industry. Manufacturers are taking additional precautions to preserve the quality and shelf life of foods using technology-based packaging. Interactive food packaging is gaining popularity among health-conscious consumers. EVOH packaging offers value-added solutions. Also, it is a cost-effective packaging solution that helps maintain the quality of food products in the supply chain in all environmental conditions. EVOH packaging also helps include antimicrobials, antioxidants, and moisture absorbers in packaging, which delays the ripening of food products and prolongs shelf life by reducing microbial growth. Further, with the increasing awareness about pollution and global warming, consumers prefer to use eco-friendly food packaging, which is propelling the demand for EVOH resins in the food packaging sector.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America EVOH resins market for food application. The North America EVOH resins market for food application is expected to grow at a good CAGR during the forecast period.
Arkema, Chang Chun Group, Coveris, Kureha Europe B.V., Mitsubishi Chemical Europe GmbH, and Solvay S.A. are among the leading companies in the North America EVOH resins market for food application.
The rising application of EVOH resins in the food packaging sector is the major factor driving the North America EVOH resins market for food application. EVOH resins are specially used as a barrier in packaging, such as films, trays, and bottles, via a co-extrusion process to protect meals from oxygen, which can create moisture in packed food. Increasing population and rising per capita disposable income of consumers are propelling the demand for packed food. Changing lifestyles of consumers and increasing consumption of bread, sausages, and other snacks are driving the demand for EVOH resins in the food packaging sector. Growing demand for packaging offering high barrier properties and surging need to increase shelf life and consumer safety are among the factors boosting the need for EVOH resins in the sector.
The rising awareness regarding the safety and hygiene of consumables and clean room packaging is increasing the EVOH application in the food packaging industry. Manufacturers are taking additional precautions to preserve the quality and shelf life of foods using technology-based packaging. Interactive food packaging is gaining popularity among health-conscious consumers. EVOH packaging offers value-added solutions. Also, it is a cost-effective packaging solution that helps maintain the quality of food products in the supply chain in all environmental conditions. EVOH packaging also helps include antimicrobials, antioxidants, and moisture absorbers in packaging, which delays the ripening of food products and prolongs shelf life by reducing microbial growth. Further, with the increasing awareness about pollution and global warming, consumers prefer to use eco-friendly food packaging, which is propelling the demand for EVOH resins in the food packaging sector.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America EVOH resins market for food application. The North America EVOH resins market for food application is expected to grow at a good CAGR during the forecast period.
North America EVOH Resins Market for Food Application Segmentation
The North America EVOH resins market for food application is segmented into application, end use, and country. - Based on application, the North America EVOH resins market for food application is segmented into films, trays, bottles, bag-in-box, and others. The films segment held the largest market share in 2022. - Based on end use, the North America EVOH resins market for food application is segmented into bakery and confectionery; beverages; sauces and dressings; meat, poultry, and seafood; RTE foods and meals; and others. The meat, poultry, and seafood segment held the largest market share in 2022. - Based on country, the North America EVOH resins market for food application is segmented into the US, Canada, and Mexico. The US held the largest market share in 2022.Arkema, Chang Chun Group, Coveris, Kureha Europe B.V., Mitsubishi Chemical Europe GmbH, and Solvay S.A. are among the leading companies in the North America EVOH resins market for food application.
Table of Contents
1. Introduction
3. Research Methodology
4. North America EVOH Resins Market for Food Application Landscape
5. North America EVOH Resins Market for Food Application - Key Market Dynamics
6. EVOH Resins Market for Food Application - North America Market Analysis
7. North America EVOH Resins Market for Food Application Analysis - By Application
8. North America EVOH Resins Market for Food Application Analysis - End Use
9. North America EVOH Resins Market for Food Application -Country Analysis
10. Industry Landscape
11. COMPANY PROFILES
12. Appendix
List of Tables
List of Figures
Companies Mentioned
- Arkema
- Chang Chun Group
- Coveris
- Kureha Europe B.V.
- Mitsubishi Chemical Europe
- GmbH
- Solvay S.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 242.87 Million |
| Forecasted Market Value ( USD | $ 307.8 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | North America |
| No. of Companies Mentioned | 7 |
