At 3.2% CAGR, the South & Central America EVOH Resins Market is projected to be worth US$ 29.57 million by 2028, says Business Market Insights 

According to Business Market Insights research, the South & Central America EVOH Resins Market was valued at US$ 24.44 million in 2022 and is expected to reach US$ 29.57 million by 2030, registering a CAGR of 3.2% from 2022 to 2028. Increasing application in food packaging sector and rules and regulations regarding use of sustainable eco-friendly packaging are the critical factors attributed to the South & Central America EVOH resins market.        

EVOH resins are specially used as a barrier in packaging, such as films, trays, and bottles, via co-extrusion process to protect meals from oxygen, which can create moisture in packed food. The increasing population and rising per capita disposable income of consumers propel the demand for packed food. Changing lifestyle of consumers and increasing consumption of bread, sausages, and other snacks drive the demand for EVOH resins in the food packaging sector. Growing demand for packaging offering high barrier properties and surging requirement to increase shelf life and consumer safety are among the factors boosting the need for EVOH resins in the sector.

Rising awareness regarding consumable hygiene and clean room packaging increase 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 in inclusion of antimicrobial, antioxidants, and moisture absorbers in packaging, which delays ripening of food products and prolongs shelf life by reducing microbial growth. Further, with the increasing awareness about environmental pollution and global warming, consumers are preferring to use eco-friendly food packaging, which propels the demand for EVOH resins in the food packaging sector.

On the contrary, availability of low-cost substitutes hampers the South & Central America EVOH resins market.  

Based on application, the South & Central America EVOH resins market is segmented into films, trays, bottles, and bag-in-box and others. The films segment held 60.8% share of South & Central America EVOH resins market in 2022, amassing US$ 14.86 million. It is projected to garner US$ 18.22 million by 2028 to expand at 3.5% CAGR during 2022–2028.

Based on End Use, the South & Central America EVOH resins market 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 39.8% share of South & Central America EVOH resins market in 2022, amassing US$ 9.72 million. It is projected to garner US$ 11.85 million by 2028 to expand at 3.4% CAGR during 2022–2028.

Based on country, the South & Central America EVOH resins market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Brazil captured 48.5% share of South & Central America EVOH resins market in 2022. It was assessed at US$ 1.59 million in 2022 and is likely to hit US$ 1.90 million by 2028, exhibiting a CAGR of 2.6% during 2022–2028.

Key players operating the South & Central America EVOH resins market are Solvay S.A, Arkema, SK Functional Polymer SAS, and Kuraray Europe GmbH among others.

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