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.
North America EVOH Resins Market for Food Application Revenue and Forecast to 2028 (US$ Million)
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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 242.87 Million |
| Market Size by 2028 | US$ 307.80 Million |
| CAGR (2022 - 2028) | 4.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America EVOH Resins Market is valued at US$ 242.87 Million in 2022, it is projected to reach US$ 307.80 Million by 2028.
As per our report North America EVOH Resins Market, the market size is valued at US$ 242.87 Million in 2022, projecting it to reach US$ 307.80 Million by 2028. This translates to a CAGR of approximately 4.0% during the forecast period.
The North America 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 North America EVOH Resins Market report:
The North America EVOH Resins Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America EVOH Resins Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America EVOH Resins Market value chain can benefit from the information contained in a comprehensive market report.
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