Global Ethylene-Vinyl Alcohol Copolymer (EVOH) Packaging Films Market is expected to grow with the CAGR of 5.0% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global ethylene-vinyl alcohol copolymer (EVOH) packaging films market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in the global ethylene-vinyl alcohol copolymer (EVOH) packaging films are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• In February 2022, Arkema acquired Ashland’s Performance Adhesives business, which is a first-class leader in high performance adhesives in the U.S. This operation is a major step in Arkema’s strengthening its Adhesive Solutions segment. This acquisition will bring more opportunity for the company and increases its market growth. optimize the growth opportunities along with building the foundation for the future.
• In February 2022, Arkema expanded its engineering adhesives segment with the acquisition of Shanghai Zhiguan Polymer Materials (PMP) in China. PMP is a specialized in hot-melt adhesives for the consumer electronics market. This project is in line with Bostik’s strategy to build a strong position in the attractive engineering adhesives market and to accelerate its development in the fast-growing electronics market in Asian region. This will enhance company’s reputation in the market.

Arkema

Arkema is headquartered in Colombes, France as public ownership and it was founded in 2004. The company is engaged in the manufacturing of specialty materials (adhesive solutions, advanced materials, and coating solutions) and intermediates. The company has several business categories which are specialty materials and intermediates, out of which specialty materials is a focused business category. The company has several product categories which are specialty adhesives, amines, electroactive polymers, fluoropolymers, glass coating, hydrazine hydrate, hydrogen peroxide, molecular sieves, odorants for gases and liquids, organic peroxides, oxygenated solvents, polyether ketone ketone, specialty acrylates and crosslinkers, specialty oleochemicals, specialty polyamides, surfactants and additives, technical fluids, thiochemicals, acrylics, coating resins, plastic additives, rheology additives, UV, LED, EB curable resins and additives, out of which speciality polyamides is focused product category. The company has wide global presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa. Company have subsidiaries which are Bostik (France); ArrMaz Products Inc. (U.S.); Arkema Korea (South Korea); Piezotech S.A.S. (France); Sartomer USA, LLC (U.S.) among others

• In February 2022, Arkema acquired Ashland’s Performance Adhesives business, which is a first-class leader in high performance adhesives in the U.S. This operation is a major step in Arkema’s strengthening its Adhesive Solutions segment. This acquisition will bring more opportunity for the company and increases its market growth. optimize the growth opportunities along with building the foundation for the future.

Mitsubishi Chemical Holdings Corporation  

Mitsubishi Chemical Holdings Corporation is headquartered in Tokyo, Japan. as public ownership and founded in 2005. The company strives to provide safety and comfort, be environmentally conscious, and improve human health to win further trust worldwide. The company has business category which are performance products, industrial materials, heath care out of which performance products is market focused product. The company have product which are chemicals, industrial gases, pharmaceutical, regenerative medicine out of which chemicals is market focused product The company has wide global presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa. The company have subsidiaries which are Mitsubishi Tanabe Pharma (Japan), Nippon Sanso Holdings Corporation (Japan), Mitsubishi Chemical Holdings America, Inc. (U.S.), Mitsubishi Rayon (Japan), Life Science Institute, Inc. (Japan) among others.

• In December 2021, Mitsubishi Chemical Holdings Corportion is recognized as a global leader in sustainable water management and has been awarded a position on the year’s Water A List, which is the highest rating in the CDP Water Security 2021.The Water A List is comprised of 118 companies out of a total of 12,000 surveyed around the world. This enhances the company’s image in the global market.

KURARAY CO., LTD.

KURARAY CO., LTD is headquartered in Tokyo, Japan as public ownership and it was founded in 1926. The company is engaged in manufacturing of resins and chemicals, fibers and others. The company have business category which are Vinyl Acetate, isoprene, functional materials, fibers and textiles, trading and other business out of which vinyl acetate are focused business category. The company have several product categories which are plastics/polymers, chemicals, elastomers/rubber, fibers and textiles/man-made leather/nonwoven fabrics/hook-and-loop fasteners, medical/environment-related out of which plastics/polymers are focused product category. The company has wide global presence across North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Company have subsidiaries which are Kuraray Plastics Co.,Ltd.(Japan), Calgon Carbon (U.S.), Kuraray Trading Co., Ltd.(Japan), Kuraray Noritake Dental (Japan), Plantic Technologies Limited (Japan) among others.

• In April 2022, KURARAY CO., LTD has been included in the ESG (environmental, social and governance) investment indexes: FTSE Blossom Japan Sector Relative Index designed by the global index provider FTSE Russell.

This makes the company a constituent of all of the ESG investment indexes for Japanese stocks adopted by Japan’s Government Pension Investment Fund (GPIF).This sustainability initiative will increase company reputation in the market.