Sales in EVOH Films for Packaging Market to Increase by 1.9x; Pouches to Contribute Over 35% of Sales

Sales in EVOH Films for Packaging Market to Increase by 1.9x; Pouches to Contribute Over 35% of Sales

PR Newswire

NEW YORK, Jan. 4, 2022

EVOH Films for Packaging Market to Exceed US$ 8.01 Bn with Burgeoning Demand for Food Packaging 

In its latest report, Fact.MR presents a comprehensive analysis of the global EVOH films for packaging market dynamics across the leading segments, including product type, application, end-use industry, and region. Additionally, it provides tactical and operational frameworks that are being adopted by key players to gain customer loyalty.

NEW YORK, Jan. 4, 2022 /PRNewswire/ -- The global EVOH films for packaging market size is projected to reach US$ 8.01 Bn, exhibiting growth at a CAGR of 5.05% between 2022 and 2032, predicts Fact.MR. Increasing usage of EVOH films for packaging in the food industry to reduce wastage and prevent chronic diseases associated with food contamination is anticipated to drive the market.

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According to the World Health Organization (WHO), every year, around 600 million people fall ill after consuming contaminated food, whereas approximately 420000 deaths occur worldwide because of the same. As EVOH films for packaging provide excellent resistance to hydrocarbons and flex-crack, these prevent food contamination.

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As per Fact.MR, the eco-friendly nature of EVOH films for packaging is also expected to bolster their demand across the globe in the upcoming years. Rapid shift of consumers towards sustainable products with low carbon footprint is likely to fuel the demand for these films.

Besides, EVOH films would help manufacturers to use catchy taglines and graphics on the packaging containers for advertising purposes as printing on these products is easy. This beneficial attribute is also enabling them to provide detailed labelling regarding the ingredients present in their products for surging the brand transparency.

"Increasing usage of EVOH films for packaging in cosmetics and personal care products is anticipated to propel the growth in the near future. These films are set to be extensively utilized in the packaging of lotions and moisturizers that need to be stored in a certain temperature," says a Fact.MR analyst.

Key Takeaways:

Growth Drivers:

Restraints:

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Competitive Landscape

Key players operating in the global EVOH films for packaging market are mainly focusing on new product launches to cater to the high demand from customers present in a wide range of industries. Meanwhile, some of the others are aiming to expand their production capacities to generate more sales and strengthen their positions in this market.

For instance,

Key Players in the EVOH Films for Packaging Market Include:

More Valuable Insights on EVOH Films for Packaging Market

Fact.MR provides an unbiased analysis of the EVOH films for packaging market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global EVOH films for packaging market with a detailed segmentation on the basis of:

Product Type

Application

End-use Industry

Region

Key Questions Covered in EVOH Films for Packaging Market Report

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About Fact.MR

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