North America EVOH Resins Market

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 Strategic Insights

Strategic insights for the North America 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.

North America EVOH Resins Report Scope

North America EVOH Resins Regional Insights

The geographic scope of the North America 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.

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.