The EVA Coated Film Market size is projected to be worth USD 242.1 million in 2023. The market is likely to surpass USD 390.6 million by 2033 at a CAGR of 4.9% during the forecast period.
The market growth is being propelled by increasing demand for sustainable packaging as EVA coated film are an innovative and eco-friendly solution for the reduction of the carbon footprint and waste management of plastics.
Rising investment on design & research, along with product maximization are among the few factors that bolster the EVA coated film market growth across the globe. Additional key benefits of EVA coated film such as high transparency, greater tearing resistance, good printability, effective barrier properties attract substantial portion of manufacturers in the market.
Other Drivers Propelling the Demand for EVA Coated Film include:
Challenges for Companies /Manufacturers in the EVA Coated Film Market:
Opportunities in the EVA Coated Film Industry:
Latest Trends in the Electrostatic Precipitator Market:
| Attribute | Details |
|---|---|
| EVA Coated Film Market Size (2023) | USD 242.1 million |
| EVA Coated Film Market Projected Size (2033) | USD 390.6 million |
| Value CAGR (2023 to 2033) | 4.9% |
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From 2018 to 2022, the global EVA coated film market experienced a CAGR of 3.8%, reaching a market size of USD 242.1 million in 2023.
From 2018 to 2022, the global EVA coated film industry witnessed steady growth as flexible packaging solutions witnessed significant demand from key industries such as food & beverage, construction, packaging, pharmaceuticals, and others.
A massive range of buyers from different countries was targeting almost every niche segment within the flexible packaging industry including EVA coated film. Over the year, the EVA coated film witnessed consistent growth over the years owing to its versatile properties.
Looking ahead, the global EVA coated film industry is expected to rise at a CAGR of 4.9% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 390.6 million.
The EVA coated film industry is expected to continue its growth trajectory from 2023 to 2033, as the consumers have become more environmentally conscious, the preference for sustainable and non-toxic packaging solutions has increased, thus this will boost the EVA coated film market.
Due to the Covid-19 pandemic, manufacturers have become more aware food safety regulations, environmental standards, and industry-specific certifications. The EVA coated film complies with US FDA, EC and REACH regulations for food contact, thus EVA coated films will be essential for market growth and customer trust.
Principal Consultant
| Country | China |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 50.8 million |
| CAGR % 2023 to End of Forecast (2033) | 5.7% |
The EVA coated film industry in the China is expected to reach a market share of USD 50.8 million by 2033, expanding at a CAGR of 5.7%. The Chinese government has implemented various policies and initiatives to promote sustainable development, including the use of eco-friendly materials and technologies.
Government spending on industrial, infrastructure, and renewable energy initiatives helps to increase demand for EVA coated films.
| Country | India |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 38.5 million |
| CAGR % 2023 to End of Forecast (2033) | 6.3% |
The EVA coated film industry in India is expected to reach a market share of USD 38.5 million, expanding at a CAGR of 6.3% during the forecast period. According to India Brand Equity Foundation (IBEF), India is undergoing expansion in the e-commerce and retail sectors.
The e-commerce market in India is expected to reach USD 350 billion by 2030. This will generate significant growth opportunities for EVA coated film market.
The specialty films segment is expected to dominate the EVA coated film industry with a CAGR of 5.9% from 2022 to 2033. This segment captures a significant market share in 2023 due to its various distinct properties such as barrier properties, anti-static properties and others.
The specialty films can be customized according to the customers’ requirements, thus providing flexibility to EVA coating film to meet the requirements of various end use industries.
The food and beverage industry is expected to dominate the EVA coated film industry with a CAGR of 5.5% from 2022 to 2033. This segment captures a significant market share in 2023 as the manufacturers ensure the packaging that maintains product safety, shelf life, and compliances regulations for food contact.
The EVA coated film assures all these factors, thus the demand for EVA coated film in the food and beverage market will grow.
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The EVA coated film industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Sustainability
Companies are focuses on sustainable development by implementing eco-friendly manufacturing practices.
Strategic Partnerships and Collaborations
Key players in the industry often form strategic partnerships and collaborations with other companies to leverage their strengths and expand their reach in the market.
Expansion into Emerging Markets
The EVA coated film industry is witnessing significant growth in emerging markets such as China and India.
The global EVA coated film industry is expected to hit a value of USD 242.1 million by 2023.
The EVA coated film demand is set to expand by 4.9% during the assessment period.
The food & beverage industry is projected to hold the dominant share of the market.
The market is predicted to exceed USD 390.6 million by 2033.
The North America offers key opportunities for new entrants in the EVA coated film industry.
1. Executive Summary
2. Market Overview
3. Key Market Trends
4. Key Success Factors
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
6. Global Market - Pricing Analysis
7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
8. Market Background
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Film Type
9.1. Heat Sealable Films
9.2. Laminating Films
9.3. Speciality Films
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
10.1. Packaging
10.2. Laminates
10.3. Labels
10.4. Tapes
10.5. Others (Solar Panel, etc.)
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
11.1. Food and Beverage
11.2. Pharmaceuticals
11.3. Electrical & Electronics
11.4. Automotive
11.5. Construction
11.6. Others (Energy, Textiles, Cosmetics, Agriculture, etc.)
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
12.1. North America
12.2. Latin America
12.3. East Asia
12.4. South Asia & Pacific
12.5. Western Europe
12.6. Eastern Europe
12.7. Central Asia
12.8. Russia & Belarus
12.9. Balkan & Baltic Countries
12.10. Middle East and Africa (MEA)
13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
19. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
20. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033
21. Balkan Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
22. Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
23. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
24. Region wise Market Analysis 2023 & 2033
25. Market Structure Analysis
26. Competition Analysis
26.1. Jindal Poly Films
26.2. Cosmo Films Ltd.
26.3. Easter Industries
26.4. SHANGHAI CN FILMS COMPANY
26.5. Shijiazhuang Dadao Packaging Materials Co.
26.6. Flex Films
26.7. Polyplex
27. Assumptions and Acronyms Used
28. Research Methodology
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EVA Coated Film Market
