PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1384225
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1384225
Scope of the Report | |
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Years Considered for the Study | 2020-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Value (USD Million/Billion), Volume(Ton) |
Segments | Grade Type, Application, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
The global polyvinyl alcohol films market is projected to reach USD 577 Million by 2028, at a CAGR of 6.1% from USD 429 Million in 2023. Their biodegradability and sustainability make them appealing in an environmentally conscious world. However, their exceptional barrier properties against moisture and oxygen are invaluable for extending the shelf life of various products, particularly in the food packaging industry. Additionally, polyvinyl alcohol films find increasing application in tissue engineering and pharmaceuticals, driven by their ability to create a cell-friendly environment. These attributes, along with regulatory and consumer preferences, drive the demand for polyvinyl alcohol films across multiple industries.
"Fully Hydrolyzed grade type accounted for the largest share in grade type segment of polyvinyl alcohol films market in terms of value."
The fully hydrolyzed grade type holds the largest share in the grade type segment of polyvinyl alcohol films market due to its exceptional properties. Full hydrolysis results in superior water solubility and film-forming capabilities, making it a preferred choice for numerous applications. Fully hydrolyzed polyvinyl alcohol films offer remarkable tensile strength, excellent barrier properties, and strong adhesion characteristics, making them indispensable in demanding sectors like food packaging and pharmaceuticals. Moreover, their ability to create water-soluble films aligns with the rising demand for eco-friendly packaging solutions. These attributes, coupled with versatility across various industries, position fully hydrolyzed grade polyvinyl alcohol films as the dominant choice, driving their significant market share.
"Detergent Packaging accounted for the largest share in application segment of polyvinyl alcohol films market in terms of value."
The detergent packaging sector commands the largest share in the polyvinyl alcohol films market due to its distinctive attributes tailored to the industry's specific needs. polyvinyl alcohol films excel in detergent packaging as they offer a potent blend of water solubility, contributing to hassle-free disposal and reducing environmental impact. Furthermore, these films provide a robust gas and moisture barrier, ensuring that detergent products remain unaffected by external factors during storage and transport. Their transparency allows for clear product visibility, and their mechanical strength guarantees the durability necessary for packaging heavy detergent loads. In an industry where convenience, preservation, and sustainability are paramount, polyvinyl alcohol films have emerged as the top choice for detergent packaging applications.
"Asia -Pacific is the largest market for polyvinyl alcohol films"
Asia Pacific has emerged as the largest market for polyvinyl alcohol films due to a combination of significant factors. It boasts a robust manufacturing sector, particularly in China and India, where both polyvinyl alcohol film production and consumption are significant. Additionally, the region enjoys a growing middle-class population, driving increased demand for packaged products. polyvinyl alcohol films align perfectly with the shifting consumer preference towards sustainable and eco-friendly packaging materials. As regulations around single-use plastics become stricter, polyvinyl alcohol films offer a compelling solution. Their versatility and adaptability across various industries further reinforce Asia Pacific's pivotal role in propelling the global polyvinyl alcohol films market.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the polyvinyl alcohol films market, and information was gathered from secondary research to determine and verify the market size of several segments.
The polyvinyl alcohol films market comprises major players such as Kuraray Co. (Japan), Sekisui Chemical Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Chang Chun Group (Taiwan), Japan VAM & POVAL Co., Ltd. (Japan), Polysciences, Inc. (US), Arrow GreenTech Limited (India), Aicello Corporation (Japan), Ecomavi (Italy), and others. The study includes in-depth competitive analysis of these key players in the polyvinyl alcohol films market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This report segments the market for polyvinyl alcohol films market on the basis of grade type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for polyvinyl alcohol films market.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the polyvinyl alcohol films market; high-growth regions; and market drivers, restraints, opportunities, and challenges.