Report : Europe EVOH Resins Market for Food Application Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Films, Trays, Bottles, Bag-in-Box, and Others) and End Use (Bakery and Confectioneries; Beverages; Sauces and Dressings; Meat, Poultry, and Seafood; RTE Foods and Meals; and Others)
Increasing Use in Food Packaging Industry Contributes to Europe EVOH Resins Market for Food Application
According to our latest market study, titled “Europe EVOH Resins Market for Food Application Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Films, Trays, Bottles, Bag-in-box, and Others) and End Use (Bakery and Confectioneries; Beverages; Sauces and Dressings; Meat, Poultry, and Seafood; RTE Foods and Meals; and Others),” the market size is expected to grow from US$ 169.74 million in 2022 to US$ 221.98 million by 2028. It is expected to grow at a CAGR of 4.6% from 2022 to 2028. The report highlights key factors governing the growth of this market. It also profiles prominent market players and their developments in the Europe EVOH resins market for food application.
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The Europe EVOH resins market for food application is growing with the rising consumption of packed food products. EVOH resins, also called ethyl vinyl alcohol copolymers, are high oxygen-barrier materials with widespread application in food packaging. It is commonly used as a barrier film in the flexible and rigid packaging formats, such as films, trays, and bottles. EVOH resins have gained popularity in packaging. They are mainly used by manufacturers of flexible and rigid packaging materials to offer consumers differentiated products with enhanced barrier properties. The evolution of EVOH-based films reduces the demand for PVDC barrier films. The transparency and luster of EVOH resins enhance the aesthetics of products, ultimately fueling their demand.
EVOH resins are ecological and recyclable products with little or no impact on the environment. These resins are applied in packaging materials that are used to pack meat, baby food, personal use products, and cosmetics. The increasing demand for films, trays, and other products made from EVOH resins will eventually boost the demand for EVOH for packaging in the next few years. Germany and France have well-established food & beverages sectors. The consumption of bakery products and confectionery, such as bread, biscuits, cookies, pastry, pies, and desserts is high in European countries; thus, the bakery industry generates a high demand for EVOH resins in the region. However, the availability of cheaper alternatives may hamper the Europe EVOH resins market during the forecast period.
EVOH packing is eco-friendly as it has a low carbon footprint and can be recycled easily. Unlike plastic and paper containers, it does not generate waste and its manufacturing doesn’t involve cutting trees for procuring wood as a raw material. The rising demand for organic products that do not use synthetic elements and are perishable is expected to drive the need for EVOH resin films for packaging in this region. Furthermore, EVOH is resistant to oil and organic solvents, making it an excellent choice for storing consumables and food products for extended periods.
Impact of COVID-19 Pandemic on Europe EVOH Resins Market for Food Application
The COVID-19 pandemic led to adverse effects in many industries, such as the chemical & materials, as they faced unprecedented challenges due to disruptions in supply chains and disharmony in manufacturing, delivery schedules, and sales of various goods. The demand for Europe EVOH resins for food application decreased due to disturbances in the operations of the food and beverages sectors. Many EVOH resin production sites were closed in 2020, either partially or completely. Moreover, fluctuations in raw material costs and availability resulted in the volatility of prices of EVOH resins. However, with economies reviving gradually since 2021, the demand for EVOH resins is expected to increase in the coming years.
Kuraray Europe GmbH, Nippon Gohsei (UK) Limited, Kureha Europe B.V, Chang Chun Group, Eval Europe NV, Soarus L.L.C. (Mitsubishi Chemical Europe GmbH), Schur Flexibles GmbH, Gantrade Corporation, The Compound Company BV, and Soarnol are the key players in the Europe EVOH resins market for food application. These market players are emphasizing on developing high-quality and innovative products, and expanding their product portfolios to address continuously evolving customer demands.
The report segments the Europe EVOH Resins Market for Food Application as follows:
By application, the Europe EVOH resins market is segmented into films, trays, bottles, bag-in-box, and others. By end use, the market is segmented into bakery and confectioneries; beverages; sauces and dressings; meat, poultry, and seafood; RTE foods and meals; and others. By Country, the market is segmented into Germany, France, Italy, Spain, Russia, the UK, and the Rest of Europe.
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