The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of EVOH Films for Packaging market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of EVOH Films for Packaging
The report offers actionable and valuable market insights of EVOH Films for Packaging. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of EVOH Films for Packaging Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of EVOH Films for Packaging, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of EVOH Films for Packaging Market.
The EVOH films for packaging market is estimated at US$ 5.04 Bn in 2022 and is projected to reach US$ 8.01 Bn by 2032, at a CAGR of 5.05% from 2022 to 2032. Increasing preference for flexible packaging that is customer friendly, sustainable and prolongs shelf life of products is expected to propel the demand for EVOH film packing during the assessment year.
The EVOH films packaging market accounts for 2% of total packaging market in 2022 and is expected to expand due to rising consumer inclination towards green packaging that ensures ease of use. EVOH films packaging is expected to gain an absolute $ opportunity of US$ 2.97 Bn during the assessment period 2022-2032.
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EVOH film for packaging manufacturers are exploring new and innovative designs focusing on consumer convenience. Key manufacturers are utilizing consumer inclination towards sustainable packaging in way of new product development. For instance,
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Rising industrial applications of barrier packaging materials is triggering demand for raw materials with highly specialized properties among market players in the EVOH films for packaging market. Kuraray Co., Ltd, a Japanese manufacturer of EVOH films used in food packaging, recently acquired the U.S.-based Calgon Carbon Corporation, to boost the use of filtration media products in various manufacturing processes to deliver high-quality and sustainable EVOH films for packaging market. Although, the company’s focus on mitigating the negative impact of raw materials on its manufacturing procedures has resulted in a significant rise in the selling price of EVAL™ EVOH films manufactured by the company.
The Smurfit Kappa Group plc, a European packaging company, is focusing on the using innovative raw materials to develop high performance packaging solutions for the drinks market. The company recently launched new Thermo Bag-in-Box packaging product using medium-density polyethylene (MDPE), linear low-density polyethylene (LLDPE), and EVOH films to meet the standards of hot filling processes followed during the manufacturing of various beverages. Smurfit used a combination of these raw materials, such as MDPE, LLDPE, and EVOH, to leverage their special properties such as thermo-resistance, flexibility, and oxygen resistance to extend the product life. The company has been relentlessly developing higher performance materials for packaging to bring enhanced product quality for consumers and gain a competitive edge in the EVOH films for packaging market.
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