Middle East & Africa EVOH Resins Market

The Middle East & Africa EVOH resins market for food application is expected to grow from US$ 11.82 billion in 2022 to US$ 13.95 billion by 2028; it is estimated to grow at a CAGR of 2.8% from 2022 to 2028.

The increasing consumer preference for online sales channels to purchase EVOH films is the major factor driving the Middle East & Africa EVOH resins market for food application. Online sales channels are preferred by consumers to purchase EVOH films for food packaging. Therefore, many companies are focusing on developing e-commerce websites to increase customer engagement. In addition, the increase in smartphone penetration is supporting the demand for EVOH films. Digital content, travel and leisure, financial services, and e-mail are e-commerce options available to an internet-accessible customer base, which is gaining traction as internet usage grows. Therefore, consumer awareness of the technology is expected to have a positive impact on the EVOH resins for food market growth. Moreover, the COVID-19 pandemic transformed the way e-commerce functions. Growing small and medium enterprises at a significant rate and increasing number of start-ups have led to the adoption of the online marketplace for business. Existing organizations and large businesses tend to do business online because telecommunications and infrastructure are cheaper. E-commerce allows organizations to easily reach customers to achieve the desired business results. Hence, the strong growth in the online retail sector for EVOH films would provide lucrative opportunities for the market in the coming years.

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 Middle East & Africa EVOH resins market for food application. The Middle East & Africa EVOH resins market for food application is expected to grow at a good CAGR during the forecast period.

 Middle East & Africa EVOH Resins Market for Food Application

Revenue and Forecast to 2028 (US$ Billion)

Middle East & Africa EVOH Resins Strategic Insights

Strategic insights for the Middle East & Africa EVOH Resins provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa EVOH Resins Report Scope

Middle East & Africa EVOH Resins Regional Insights

The geographic scope of the Middle East & Africa EVOH Resins refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Middle East & Africa EVOH Resins Market for Food Application Segmentation

The Middle East & Africa EVOH resins market for food application is segmented into application, end use, and country.

Based on application, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa EVOH resins market for food application is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE held the largest market share in 2022.

Arkema, Chang Chun Group, Coveris, Kureha B.V., and Solvay S.A. are among the leading companies in the Middle East & Africa EVOH resins market for food application.