The scope of our recent study, titled "EVOH Resins Market for Food Application Forecast to 2028 - COVID-19 Impact and Global Analysis - by Application (Films, Tray, Bottles, Bag-in-box, Others) and End-Use (Bakery and Confectionery, Beverages, Sauces and Dressings, Meat Poultry and Seafood, RTE Foods and Meals, Others)" includes the factors boost the market growth, revenue estimation, and market share analysis. It also entails the identification of significant market players along with their key developments.

The EVOH resins market for food application is projected to reach US$ 576173.9 million by 2028 from US$ 770199.9 million in 2021. It is expected to grow at a CAGR of 4.4% from 2021 to 2028. EVOH resins help maintain the freshness of food and increase the shelf life of food products. Another major factor, driving the demand for EVOH resins, is people's preference for packed food products and beverages. Consumers in the country are more inclined toward convenience and sustainability, as these EVOH resin packaging are eco-friendly.

In the country, the popularity of skipping meals such as breakfast, lunch gives leverage to packed foods. Growing online sales channels in the US play a significant role in the increasing need for EVOH resin packaging in food applications. EVOH resin packaging has antistatic properties, which create a barrier for dust particles entering packed food. These packaging's also prevent microbial growth that spoils the natural aroma of food products.

By application, the EVOH resins market for food application is segmented into films, trays, bottles, bag-in-box, and others. By end-use, the 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. EVOH trays are high-performance and have excellent resistance to external agents, such as humidity. EVOH trays provide superior barrier properties, ensuring the safety and integrity of food products. These trays are suitable for shelf-life extension and food preservation in several processes, from modified atmosphere packaging (MAP) or aseptic filling to demanding sterilization of foods. These trays are especially suitable for preserving sauces, fresh pasta, meat products, and preserves.

A disposable EVOH tray is a perfect choice for airline use. It is environment-friendly and a recyclable product that causes very little harm to the environment. These factors are expected to drive the segment's growth in the forecast period.

The EVOH resins market for food application is further segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Asia Pacific held the largest share of the market in 2020. Continuous growth in the food packaging industry is likely to boost the market during the forecast period. Increasing consumption of packaged food has surged the demand for EVOH resins in packaging. Consumer acceptance of healthy alternatives to packaged foods has offered many opportunities for packaged food companies to expand their market. This has created lucrative opportunities for the EVOH resins market for food packaging application.

Impact of the COVID-19 Pandemic on EVOH Resins Market for Food Application

The global economy was hit hard by the COVID-19 pandemic as governments of various countries imposed several measures to restrict the spread of SARS-CoV-2, which directly impacted the growth of the industrial sector. Many EVOH resin manufacturers struggled to source EVOH resin products and raw materials during the pandemic.

China is a major supplier of raw materials. Supply constraints led to a significant rise in the cost of resin prices used for the manufacturing of EVOH. Further, the demand for packed food during COVID-19 helped the market regain its position.

EVOH Resins Market for Food Application, by Region

The "Global EVOH Resins Market for Food Application Analysis to 2028" is a specialized and in-depth study with a special focus on global market trend analysis. The report aims to provide an overview of the EVOH resins market for food application. The market is analyzed on the basis of application, end-use, and geography. Based on application, the market is segmented into films, trays, bottles, bag-in-box, and others. Based on end-use, the market is segmented into bakery and confectionery; beverages; sauces and dressings; meat, poultry, and seafood; RTE foods and meals; and others. By geography, the market is segmented into 5 main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

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