Ethyl Vinyl Alcohol Copolymer Price Trend

Ethyl Vinyl Alcohol Copolymer Prices March 2024

During the first quarter of 2024, ethyl vinyl alcohol copolymer prices in the United States reached 8695 USD/MT in March. The market saw price swings. Initial demand for food packaging raised prices, but mid-quarter, cautious purchasing lowered global demand. With the approach of Easter, orders increased, leading merchants to increase rates to propel their revenue margins.                

The EVOH market in Japan demonstrated varied trends in Q1 2024. Initial price increases were led by heightened demand for packaging in preparation for regional festivals. Midway, supply chain disturbances eased, and regulatory updates to food contact materials were introduced. By the quarter’s end, prices stood at 8646 USD/MT.  

In Q1 2024, Belgium's EVOH prices showed fluctuations. Early in the quarter, demand for food packaging led to a price increase, while geopolitical tensions and inflationary pressures strained supply. Demand increased again during the Easter period, with EU regulations favoring circular packaging. By the quarter’s end, prices closed at 8737 USD/MT.

Ethyl Vinyl Alcohol Copolymer Prices December 2023

Ethyl vinyl alcohol copolymer prices in the United States for Q4 2023 reached 8740 USD/MT in December. In Q4 2023, the EVOH market in the USA saw a drop due to weak demand in food packaging and a shift towards more sustainable materials. Although a temporary demand increase occurred around Thanksgiving, overall market conditions were pressured by reduced feedstock support and logistical challenges affecting supply through key routes.  

The price trend for ethyl vinyl alcohol copolymer in Japan for Q4 2023 reached 8670 USD/MT in December. In Japan, the EVOH market experienced a decline in the final quarter of 2023, driven by abundant inventories and lower demand for petrochemical-based packaging materials. Supply challenges, worsened by feedstock issues following a plant shutdown and regional disruptions, further impacted the market, maintaining a downward pressure on prices throughout the quarter.  

The price trend for ethyl vinyl alcohol copolymer in Europe for Q4 2023 reached 8670 USD/MT in December. Europe's EVOH market in Q4 2023 was marked by a significant downturn. The drop in need in the packaging sector, coupled with a shift in favor of recyclable materials and lower feedstock costs, pushed prices down. Despite steady orders from the food industry due to regulatory commitments, the overall market faced challenges from changing consumer preferences and economic factors.

Regional Coverage

The report provides a detailed analysis of the ethyl vinyl alcohol copolymer market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ethyl vinyl alcohol copolymer price trend.

Global Ethyl Vinyl Alcohol Copolymer Price

The report offers a holistic view of the global ethyl vinyl alcohol copolymer pricing trends in the form of ethyl vinyl alcohol copolymer price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into ethyl vinyl alcohol copolymer historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into ethyl vinyl alcohol copolymer price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ethyl vinyl alcohol copolymer demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Ethyl Vinyl Alcohol Copolymer Price

Q2 2024:

During the second quarter of 2024, the European ethyl vinyl alcohol copolymer market displayed diverse patterns, commencing robustly due to increased demand from the cosmetics industry, especially in France. Companies such as Beiersdorf experienced substantial revenue increases owing to the growing demand for packaging. At the same time, recent European laws focused on cutting down on packaging waste while encouraging a circular economy by implementing refill programs, setting reuse goals, and promoting higher utilization of recycled materials showed a promising future. Furthermore, an oversupply of inventory and reduced production expenses from cheaper EVA raw materials caused EVOH prices to diminish.       

Q1 2024:

The market in Europe showed price variability throughout Q1 2024. Early in the quarter, prices edged up due to consistent demand for stockpiling. Geopolitical instabilities and trade conflicts strained supply chains, causing interruptions. By the middle of the quarter, the demand for food packaging materials softened, affected by rising food inflation. Concurrently, the draft of the EU's new packaging waste regulation (PPWR) moved closer to finalization, pushing demand for sustainable materials, such as polyethylene substitutes. By quarter’s end, increased demand for packaging, driven by the Easter holiday, led to a price uptick in the region.      

Q4 2023:

The European EVOH market in the Q4 2023 was symbolized by a notable price decline. This bearish trend resulted from reduced demand in the packaging sector, driven by a preference for reusable materials over EVOH derived from petrochemicals. Additionally, lower cost aid from feedstock ethylene and a decrease in Vinyl Alcohol prices contributed to the downward pressure on production costs. Despite stable orders from the food sector toward the end of the quarter, aligned with the EU's dedication to minimizing plastic waste, the overall market remained sluggish, reflecting broader shifts in buyer preferences and regulatory pressures aiming for sustainability targets.

This analysis can be extended to include detailed ethyl vinyl alcohol copolymer price information for a comprehensive list of countries.

North America Ethyl Vinyl Alcohol Copolymer Price

Q2 2024:

During the second quarter of 2024, the EVOH market in North America underwent changing trends, transitioning from growth to a decline. At first, the expanding cosmetic industry resulted in a higher requirement for beauty product packaging, with the help of growing beauty sales. Nevertheless, manufacturing was hindered by a lack of raw materials and consistent customer orders, causing producers to increase EVOH prices in April. In June, need from downstream sectors weakened, in spite of the usual increase in packaging needs. Surplus stock and lower consumer spending, impacted by inflation and continuous supply chain problems, resulted in decreased prices, and weakened market confidence.  

Q1 2024:

Price fluctuations were observed in the market during the initial quarter of 2024. Prices experienced a slight increase at the start of the quarter, propelled by consistent demand for materials used in food packaging as food consumption continued to rise. Production levels stayed steady, yet weak global demand caused oversupply owing to careful purchasing habits. Global air cargo delays, driven by the increase in online shopping, also impacted shipping costs. At the conclusion of the quarter, increased orders for Easter packaging increased demand in the food industry, leading suppliers to increase prices in order to enhance revenue margins.   

Q4 2023:

The market in North America experienced a downward to steady market behavior throughout the last quarter of 2023. Initially, demand remained weak for EVOH, primarily utilized in food packaging, due to restrained demand for boxed foods amidst rising food inflation. A move towards recyclable materials as well as decreased reliance on petrochemical derived EVOH further impacted demand. Mid-quarter saw a slight uptick in orders for packaged food around Thanksgiving, providing a temporary boost. However, cost support waned as feedstock ethylene prices declined due to increased refining activities and output levels locally. By the last quarter, demand continued to be moderate, affected by limited distribution across the Mississippi River.

Specific ethyl vinyl alcohol copolymer historical data within the United States and Canada can also be provided.

Middle East and Africa Ethyl Vinyl Alcohol Copolymer Price

The report explores the ethyl vinyl alcohol copolymer pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on ethyl vinyl alcohol copolymer prices for countries can also be provided.

Asia Pacific Ethyl Vinyl Alcohol Copolymer Price

Q2 2024:

In Q2 2024, the APAC market showed a variety of trends with an overall decrease in prices. The area saw initial advantages due to a strong cosmetics sector, leading to increased demand for beauty products packaging and higher sales for major companies such as L'Oréal. Production remained steady despite reduction in vinyl alcohol feedstock, guaranteeing a stable stock due to constant demand. During the middle of the quarter, producers raised prices due to inflation going up. Yet, in June, decreased need from packaging sectors, elevated levels of inventory, and continued disruptions in the supply chain resulted in reduced prices. Moreover, the market was additionally squeezed by decreased production expenses due to more affordable EVA raw material and supply chain difficulties.   

Q1 2024:

The market in Asia-Pacific had a varied performance in the first quarter of 2024. Rising demand for food packaging before big festivals led to higher prices, aggravated by the growth in food expenses. Production levels were further influenced by the scarce stock of ethylene feedstock. Geopolitical tensions, such as a missile strike close to Yemen, have caused disruptions to the transportation of crude oil, putting strain on supply chains. By the middle of the quarter, there was a better supply of materials as the market slowed down, particularly in China owing to the Lunar New Year celebrations.           

Q4 2023:

In Asia, the EVOH market saw a decline in Q4 2023, with prices falling in comparison to the last quarter. At the start of the period, ample inventories were available, but reduced support from feedstock ethylene, influenced by lower demand from the glycol sector, pressured prices. This downturn was further propelled by risen inventory levels and a shift away from petrochemical-based ethyl vinyl alcohol copolymer in packaging. During the mid-quarter, supply was constrained by limited feedstock availability owing to a plant closure at Eneos Corp. As the quarter drew to a close, demand remained subdued amid supply chain disruptions following the Red Sea strikes, affecting deliveries to buyers.

This ethyl vinyl alcohol copolymer price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Ethyl Vinyl Alcohol Copolymer Price

The analysis of ethyl vinyl alcohol copolymer prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Ethyl Vinyl Alcohol Copolymer Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ethyl Vinyl Alcohol Copolymer Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of ethyl vinyl alcohol copolymer pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of ethyl vinyl alcohol copolymer at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ethyl vinyl alcohol copolymer price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ethyl vinyl alcohol copolymer price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Ethyl Vinyl Alcohol Copolymer Market Analysis

The global ethyl vinyl alcohol copolymer market size reached US$ 904.9 Million in 2023​. By 2032, IMARC Group expects the market to reach US$ 1419.9 Million, at a projected CAGR of 5.10% during 2023-2032.

• The increasing demand for EVOH in the packaging applications that require pharmaceuticals, cosmetics, and food to remain fresh and uncontaminated represents one of the key factors influencing the growth of the market across the globe. This is primarily due to the exceptional barrier property of EVOH to gases like oxygen is driving its demand in the packaging industry. According to Invest India, packaging is currently the 5th largest sector in the Indian economy. India is a net exporter of packaging products and the largest exporter of sub-segments- Biaxially-oriented Polyethylene Terephthalate (BOPET) & Flexible Intermediate Bulk Container (FIBC).
• The rising awareness regarding food safety and quality standards among consumers is leading to greater use of effective packaging materials such as EVOH to prevent spoilage and ensure normal shell stability of perishable goods. According to the general instruction of the Food Safety and Standards Authority of India (FSSAI), packaging materials shall be suitable for the type of product, the conditions provided for storage, and the equipment for filling, sealing, and packaging of food as well as transportation conditions. Packaging materials shall be able to withstand mechanical, chemical, or thermal stresses encountered during normal transportation. In the case of flexible semi-rigid containers, overall packaging may be necessary.
• Improvements in multiplayer film technology allow for the efficient integration of EVOH layers into several packaging structures, enhancing their protective qualities without significant cost increases, thereby facilitating the market growth. For instance, Maine and Oregon became the first two US states to introduce extended producer responsibility (EPR) legislation for plastic packaging in 2021. These laws shift the responsibility of packaging waste management to producers rather than municipalities or individuals.
• The growing stringent regulations for packaging safety and sustainability are encouraging the adoption of high-performance materials such as EVOH, which comply with these regulations while offering recyclability and minimal environmental impact.
• The increasing demand for EVOH in the pharmaceutical sector, along with the rising need for high-barrier packaging to protect sensitive medical products from moisture and gases is driving the demand for EVOH in drug packaging.

Ethyl Vinyl Alcohol Copolymer News

The report covers the latest developments, updates, and trends impacting the global ethyl vinyl alcohol copolymer industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ethyl vinyl alcohol copolymer production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ethyl vinyl alcohol copolymer price trend.

Latest developments in the ethyl vinyl alcohol copolymer industry:

• On 18^th September 2023, Mitsubishi Chemical announced plans to double the production capacity of its SoarnoL-brand ethylene vinyl alcohol copolymer in the UK, from 18,000 t/y to 39,000 t/y by July 2025, anticipating increased demand for the material in packaging applications.
• On 12^th April 2024, Kuraray announced plans to build a new ethylene vinyl alcohol copolymer (EVOH) plant in Singapore with a production capacity of 18,000 tons per year, aiming to start operations by 2026. This expansion is intended to meet growing demand in Asia and strengthen the company’s global supply chain. The estimated investment is around $410 million, and it will enhance Kuraray’s service capabilities in the region.

Product Description

Ethyl vinyl alcohol copolymer also known as EVOH refers to a synthetic polymer known for its exceptional barrier properties against gases such as carbon dioxide, nitrogen, and oxygen. This makes it highly valuable in the packaging industry, especially for food, cosmetics, and pharmaceuticals to ensure product freshness and extend shelf life.

EVOH is a copolymer of ethylene and vinyl alcohol, which is produced by hydrolyzing polyvinyl acetate into polyvinyl alcohol, followed by copolymerization with ethylene.

It is characterized by its transparency, flexibility, and resistance to oils and hydrocarbons. These properties make EVOH especially effective in multiplayer packaging applications, where it is employed as a thin layer sandwiched between other materials to enhance the product the barrier against moisture and gases.

The use of EVOH can significantly improve the presentation of packaged goods while maintaining their safety and quality.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ethyl vinyl alcohol copolymer pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ethyl vinyl alcohol copolymer price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ethyl vinyl alcohol copolymer price charts ensure our clients remain at the forefront of the industry.