Rockville, April 29, 2024 (GLOBE NEWSWIRE) -- Increasing use of EVOH films for packaging is attributed to their ability to maintain the aroma of different products and increase their shelf life. Fact.MR, in its updated report, places the global EVOH film for packaging market at US$ 5.52 billion in 2024, with projections of reaching US$ 9.03 billion by 2034-end.
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Growing utilization of EVOH films for packaging is attributed to their glossy features and transparency, which is attracting more customers to the global market. Moreover, EVOH films offer strong resistance to mineral oils, hydrocarbon fuels, and other solvents, making them a popular choice for packaging chemicals, fuel tanks, and numerous other industrial materials.
| Report Attribute | Details |
| Value Projection (2034) | US$ 9.03 Billion |
| Growth Rate (2024-2034) | 5.1% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 64 Tables |
| No. of Figures | 96 Figures |
Key Takeaway from Market Study
- Worldwide sales of EVOH films for packaging are calculated at US$ 5.52 billion in 2024.
- The global market for EVOH films for packaging is projected to reach a value of US$ 9.03 billion by the end of 2034.
- The market is forecasted to exhibit 5.1% CAGR from 2024 to 2034.
- Sales of EVOH films for packaging in Japan are projected to climb at a CAGR of 5.2% from 2024 to 2034.
- Worldwide demand for blown films is approximated to increase at a CAGR of 5.1% and reach a valuation of US$ 5.19 billion by 2034-end.
- East Asia is evaluated to account for 24.6% share of the global market by 2034-end.
Related Market Projections for 2034
| Foodservice Packaging Market | US$ 121.7 Billion |
| Biodegradable Packaging Material Market | US$ 186 Billion |
| Resealable Film Market | US$ 9.3 Billion |
| Packaging Adhesive Market | US$ 28 Billion |
| Food Grade Biofilm Market | US$ 335 Million |
| High Performance Film Market | US$ 90 Billion |
“Increasing awareness about hygiene and food safety, requirements for effective pharmaceutical packaging, and rising preference for packaged food products are set to increase demand for EVOH films for packaging,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- FLAIR Flexible Packaging Corporation
- Mondi Group
- Sasol
- Smurfit Kappa Group Plc
- Kaneka Corporation
- Berry Global Inc.
- Kuraray Co. Ltd
- Amcor Ltd
- Nippon Gohsei
- Coveris Holdings S.A.
- Winpak Ltd.
- Korozo Packaging
- Schur Flexibles Holding GesmbH
Investments by Market Players in Establishing Their Manufacturing Facilities in the United States
Sales of EVOH films for packaging in the United States are anticipated to rise at a CAGR of 3.1% and reach US$ 1.16 billion by the end of 2034. Various market players are trying to establish their production units in the country. In addition, the well-established end-use industries, including cosmetics, personal care, electronics, food, healthcare, etc. are projected to contribute to the rising demand for EVOH films for packaging in the United States.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the EVOH film for packaging market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on product type (blown films, cast films), application (pouches, trays, bags & sacks, lids, wrapping films, lids, liquid packaging solutions), and end-use industry (food, healthcare, personal care & cosmetics), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Food Grade Biofilms Market: The global food grade biofilms market is valued at US$ 163.5 million in 2023 and is projected to climb to a size of US$ 318.69 million by 2033-end.
Packaging Adhesives Market: The packaging adhesives market is anticipated to reach a valuation of US$ 26.5 billion by 2033.
High Performance Films Market: High performance film utilization is anticipated to increase at a CAGR of around 6.2% during the period of 2022-2032.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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