Polyvinyl Alcohol Films Market by Grade, Application

Description

List of Tables

[184 Pages Report] The Polyvinyl Alcohol Films Market size was estimated at USD 439.26 million in 2023 and expected to reach USD 466.66 million in 2024, at a CAGR 6.33% to reach USD 675.08 million by 2030.

Polyvinyl alcohol (PVA) films are a kind of synthetic, biodegradable, and water-soluble polymer film that provide unique characteristics highly desired in several industrial sectors. Originally derived from polyvinyl acetate through a process of alcoholysis, PVA films, in essence, comprise polyvinyl alcohol, a resin with exceptional adhesive, film-forming, and emulsifying properties. Rising environmental consciousness and stringent rules against non-biodegradable plastics are propelling demand for PVA films, while their grease resistance taps into the growing preference for convenient, mess-free consumer goods. However, high production costs and competition from other biodegradable films present significant challenges. Hence, innovative strides in cost-efficient manufacturing processes and enhanced heat-sealability are anticipated to make PVA films more competitive and widen their application spectrum. An exploration of PVA films' niche-specific properties, such as in the medical field, is expected to open up high-value opportunities, such as drug delivery systems, wound dressings, or infection barriers in surgical gloves.

KEY MARKET STATISTICS
Base Year [2023]	USD 439.26 million
Estimated Year [2024]	USD 466.66 million
Forecast Year [2030]	USD 675.08 million
CAGR (%)	6.33%

Grade: Higher adoption of fully hydrolyzed films for increased chemical resistance and lower dissolution time

Fully hydrolyzed PVA films are predominantly utilized in applications demanding high strength, resistance, and solubility, such as textile sizing, coatings, and sustainable packaging. This grade exhibits substantial tensile strength and dimensional stability owing to its high crystalline region. Low foaming grades of PVA films, characterized by their minimal generation of foam during dissolution, are employed in various sectors, including the detergent and cleaning industry, attributed to their excellent water-soluble properties. Partially hydrolyzed PVA films exhibit an excellent balance between solubility and mechanical strength, making them well-suited for adhesive applications, concrete protection, and paper processing.

Application: Emerging applications of polyvinyl alcohol films in wound care products owing to its water permeability and bio-compatibility

Polyvinyl alcohol (PVA) films are widely used in the packaging of agrochemicals owing to their water-soluble properties and biodegradable nature. They protect agrochemicals such as fertilizers and pesticides against external factors, maintaining their efficiency and ensuring the safety of the users and the environment. Polyvinyl alcohol films are extensively used in detergent packaging as they dissolve in water, thus reducing plastic waste dramatically. They also offer protection against moisture absorption, preserving the detergent's quality. PVA films in the food and beverage market are progressively seen as a solution to minimize food waste due to their excellent barrier properties for oxygen, gases, and oil. Additionally, they extend shelf life by preserving aroma and taste, thus maintaining food quality significantly.

Due to PVA's water-soluble, water-permeable, and non-toxic characteristics, it is increasingly being used in the medical and healthcare industry for drug delivery, wound care, and medical device packaging. MonoSol LLC and Arrow GreenTech Ltd. are recognized manufacturers offering PVA films for medical applications.

Regional Insights

The American polyvinyl alcohol films market is driven by innovations in sustainable packaging solutions, specifically in the United States and Canada. There is an escalating demand for bio-based and water-soluble films for applications in food packaging, laundry, and dishwasher tabs. Newly emerging industrial sectors are also utilizing polyvinyl alcohol films, which are contributing significantly to the overall growth of this market in the Americas. Europe, being the hub of advanced manufacturing practices, underlines immense growth potential for the polyvinyl alcohol films market. The region is witnessing steady growth, largely owing to increasing environmental concerns and stringent regulations aimed at reducing plastic waste. In particular, the packaging industry in countries including Germany, the UK, and France appears to be inclining towards eco-friendly alternatives, enhancing the demand for polyvinyl alcohol films. The Middle East and Africa, while currently accounting for a smaller market share, are anticipated to exhibit promising growth attributed to rising awareness about plastic pollution. The APAC region, led by China and India, is estimated to register the largest growth rate globally in the polyvinyl alcohol films market. This growth is driven primarily by the countries' booming consumer goods industries and stringent government regulations on non-biodegradable packaging materials. Japan, being a technologically advanced nation, is also contributing significantly to the technological development and market growth of polyvinyl alcohol films.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Polyvinyl Alcohol Films Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Polyvinyl Alcohol Films Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Polyvinyl Alcohol Films Market, highlighting leading vendors and their innovative profiles. These include Aicello Corporation, Amtrex Nature Care Pvt Ltd., Arrow GreenTech Ltd., BASF SE, Bioplastics International, Chang Chun Group, Cortec Corporation, Jeva Packaging Limited, Kuraray Co., Ltd., Liwei Chemical Co. Ltd., Mitsubishi Chemical Corporation, MSD Corporation, Noble Industries, Sekisui Specialty Chemicals America, LLC, Toray Industries Inc., and Toyobo Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Polyvinyl Alcohol Films Market to forecast the revenues and analyze trends in each of the following sub-markets:

Grade
- Fully Hydrolyzed
- Low Foaming Grades
- Partially Hydrolyzed

Application
- Agrochemical Packaging
- Detergent Packaging
  - Consumer Detergent
  - Industrial Detergent

Food & Beverage
Medical & Healthcare

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Polyvinyl Alcohol Films Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Polyvinyl Alcohol Films Market?

3. What are the technology trends and regulatory frameworks in the Polyvinyl Alcohol Films Market?

4. What is the market share of the leading vendors in the Polyvinyl Alcohol Films Market?

5. Which modes and strategic moves are suitable for entering the Polyvinyl Alcohol Films Market?

Product Code: MRR-11643C1E6360

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising awareness about environmental concerns globally
  - 5.1.1.2. Increasing demand for PVA films in the packaging industry
  - 5.1.1.3. Stringent regulations against the use of non-degradable plastics
- 5.1.2. Restraints
  - 5.1.2.1. Rise in raw material prices of polyvinyl alcohol (PVA) films
- 5.1.3. Opportunities
  - 5.1.3.1. Growing innovations in the development of novel polyvinyl alcohol (PVA) films
  - 5.1.3.2. Emerging application of polyvinyl alcohol (PVA) films across the medical device sector
- 5.1.4. Challenges
  - 5.1.4.1. Availability of a wide variety of substitutes
5.2. Market Segmentation Analysis
- 5.2.1. Grade: Higher adoption of fully hydrolyzed films for increased chemical resistance and lower dissolution time
- 5.2.2. Application: Emerging applications of polyvinyl alcohol films in wound care products owing to its water permeability and bio-compatibility
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Polyvinyl Alcohol Films Market, by Grade

6.1. Introduction
6.2. Fully Hydrolyzed
6.3. Low Foaming Grades
6.4. Partially Hydrolyzed

7. Polyvinyl Alcohol Films Market, by Application

7.1. Introduction
7.2. Agrochemical Packaging
7.3. Detergent Packaging
7.4. Food & Beverage
7.5. Medical & Healthcare

8. Americas Polyvinyl Alcohol Films Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Polyvinyl Alcohol Films Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Polyvinyl Alcohol Films Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Enhancement of Production Capacity for Specialty Brands of Polyvinyl Alcohol Resin GOHSENX and Nichigo G-Polymer
- 11.3.2. Sekisui Specialty Chemicals To Expand PVOH Capacity In Support of Market Growth
- 11.3.3. European polyvinyl alcohol film maker expanding to the US
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio