What is the Current Global Demand for EVOH Resins in Food Applications?
The global market for ethylene vinyl alcohol (EVOH) resins earmarked for food applications has been experiencing growth over the years. The exceptional gas barrier properties of EVOH resins make them invaluable in food packaging, particularly perishable items, as they help extend product shelf life. This demand is fanned by the global food industry’s pursuit of improved food safety and waste reduction strategies.
What are the Drivers and Restraints in EVOH Resins Market?
EVOH’s cost-effectiveness, coupled with stringent food safety regulations, are pivotal drivers in this market sector. The surge in convenience food products propelled by a rapidly growing middle class has also contributed to the upswing. However, fluctuations in raw material costs and the rise of alternative bio-based polymers pose some challenges to the EVOH resins market. Strong recycling management strategies need implementation to counter accusations of environmental damage.
What is the Impact of the COVID-19 Outbreak on the Demand for EVOH Resins?
COVID-19 pandemic's global reach has affected various industries, and EVOH resins are no exception. There was a surge in demand owing to initial panic buying and an uptick in home-cooked meals. But the longer-term effect may be tempered by the probable world economic downturn and its impact on consumer purchasing power. Despite these uncertainties, the need for safe, effective food packaging solutions remains, implying that the EVOH resins market holds future resilience.
- Global EVOH Resin Production Capacity
- Global Food Packaging Market Size
- EVOH Resins Price Trends
- COVID-19 Impact on Food Industry
- Per Capita Food Consumption
- Global Supply Chain Disruptions
- Shift in Consumer Packaging Preferences
- Recycling Rates of EVOH Resins
- Regulations Impacting Plastic Use in Food Industry
- Innovation Trends in EVOH Resins for Food Application
- Shift Towards Sustainable Packaging
- Increasing Demand for Perishable Goods
- Stringent Regulatory Policies on Food Packaging
- Rising Consumer Awareness about Food Quality
- EVOH Resin Pricing Volatility
- Resilience of Supply Chain Under Pandemic Stress
- Integration of Advanced Technologies in Packaging
- Market Consolidation Strategies
- Growing Preference for Ready-to-eat Foods
- Impact of Recyclability and Biodegradability on Resin Selection