EVOH resins are used in the form of films, trays, bottles, etc., in packaging applications in the food and beverages sector. The Europe EVOH resins market for food application has been segmented on the basis of application, end-use, and country.
The Europe EVOH resins market for food application was valued at US$ 169.74 million in 2021 and is projected to reach US$ 221.98 million by 2028; it is expected to grow at a CAGR of 4.6% from 2022 to 2028.
The people spend a large number of hours on work; moreover, some of them have been engaged in multiple jobs due to the financial crisis faced during the COVIS-19 pandemic. As a result, the dependence on ready-to-eat or ready-to-cook meals and on-the-go packaged foods has increased in Europe in the last few years, which triggered the demand for sustainable packaging materials, such as EVOH resins. EVOH has excellent transparency and glossiness that help enhance the aesthetics of the final product. Further, it is environment-friendly and recyclable. EVOH finds its application in the packaging of many products, such as meat, baby food, and beverages. EVOH packaging has antistatic properties, which hinder the settling of atmospheric dust particles on the package surfaces, thereby preventing fungal or bacterial growth that can spoil the natural aroma and taste of products. The increasing preference for customer-friendly, sustainable, and flexible packaging that prolongs the shelf life of products is expected to propel the demand for EVOH resin packaging in European countries.
Based on application, the Europe EVOH Resins market for food application is segmented into films, trays, bottles, bag-in box, and others. In 2021, the films segment held the largest share of the market. EVOH resins are flexible, crystal clear, and glossy thermoplastic copolymers, having excellent flex-crack resistance, and high hydrocarbon, oil, and organic solvent resistance. EVOH films exhibit good barrier properties against oxygen, carbon dioxide and other gases, which makes them especially suitable for the packaging of food and other perishable or delicate products to extend their shelf lives. Moreover, EVOH film ensures barrier properties up to 80% against moisture and relative humidity.
Based on end use, the Europe EVOH resins market for food application is segmented into bakery and confectioneries; beverages; sauces and dressings; meat, poultry, and seafood; RTE foods and meals; and others. A rise in the popularity of international cuisines, coupled with flavorful ethnic sauces; increasing demand for sauces, dressings, and condiments; and a shift in consumer diet preferences and consumption patterns toward healthy and nutritional food accelerate the demand for packaging materials. Packaging of meat is critical, especially when it comes to fresh meat. Fresh meat, poultry, and seafood are perishable, and may lose weight due to dehydration, which may result in high decay rates. Using EVOH as a packaging material barrier extends the shelf life of such perishable products.
A few major primary and secondary sources referred to for preparing this report on the Europe EVOH resins market for food application are paid databases (Factiva), publications, Hoovers, investor presentations, newsletter, sec archives, and annual reports, along with other information available in public domain. 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 among the major players operating in the Europe EVOH resins market for food application.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 169.74 Million |
| Market Size by 2028 | US$ 221.98 Million |
| CAGR (2022 - 2028) | 4.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe EVOH Resins Market is valued at US$ 169.74 Million in 2021, it is projected to reach US$ 221.98 Million by 2028.
As per our report Europe EVOH Resins Market, the market size is valued at US$ 169.74 Million in 2021, projecting it to reach US$ 221.98 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe EVOH Resins Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe EVOH Resins Market report:
The Europe EVOH Resins Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe EVOH Resins Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe EVOH Resins Market value chain can benefit from the information contained in a comprehensive market report.
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