Polyvinyl Alcohol (PVA) Films Market to Witness Notable Growth by 2028
The global Polyvinyl Alcohol (PVA) films market exhibited a substantial size in 2020 and is projected to experience a robust double-digit revenue Compound Annual Growth Rate (CAGR) over the forecast period. Key drivers contributing to the growth in market revenue include the rising adoption of biodegradable and water-soluble products within the packaging industry. Additionally, there is an increasing demand for PVA films in various sectors such as electronics, medical, and pharmaceuticals. The swift expansion of the retail and hospitality sectors is also a significant factor propelling the demand for polyvinyl alcohol (PVA) films in applications like product wrapping and food packaging. This, in turn, is expected to fuel the overall global market growth in the future.
Polyvinyl alcohol, commonly known as PVA, serves as a water-soluble polymer utilized as a raw material in packaging applications, including detergents, food, and agrochemical products. PVA is characterized by its non-toxic nature and the absence of harmful gas emission after disposal. The demand for PVA films has been on the rise in various applications such as detergent packaging, laundry bags, embroidery, tablet coatings, eye drops, and food packaging. These films find extensive use in LCD panels, optical filters, contact lenses, sunglasses, dyes, and pigments. The significant demand for PVA films, driven by rapid industrialization and a growing global population, is particularly notable in the detergent sector. Strict adherence to government regulations concerning the use of high-quality polyvinyl alcohol films in packaging further contributes to the substantial revenue growth in the global polyvinyl alcohol films market.
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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.
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Moreover, the report provides insight into how the Polyvinyl Alcohol (PVA) Films market will develop between 2023 and 2028. Companies operating in the Polyvinyl Alcohol (PVA) Films market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Polyvinyl Alcohol (PVA) Films market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Polyvinyl Alcohol (PVA) Films market and estimates market progress in terms of value (USD million) and volume (thousand units).
Companies profiled in the market report
Nippon Gohsei, Kuraray Co., Ltd., Sekisui Chemical, AMC Ltd., Cortec Corporation, Weifang Huawei New Materials Technology Co., Arrow Coated Products Ltd., BASF SE, MonoSol LLC, Ecomavi, Changzhou Water Soluble Co. Ltd., Sumitomo Chemical, LG Chemical, Nitto Denko, Biodegradable Products Institute, Aicello Corporation, Shanghai Yuking Water Soluble Material Tech Co., Ltd., Jiangmen Proudly Water-Soluble Plastic Co., Ltd., Japan Vam & POVAL Co. Ltd, and Polychem.
Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Water Soluble PVA Films
- Polarizer PVA Film
- Others
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Detergent Packaging
- Agrochemical packaging
- Food Packaging
- LCD Panel
- Paper Manufacturing
- Medical Industry
- Cosmetics
- Laundry Bags
- Pharmaceuticals
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Key Questions Answered in This report on the Polyvinyl Alcohol (PVA) Films Market
The report provides detailed information about the Polyvinyl Alcohol (PVA) Films market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Polyvinyl Alcohol (PVA) Films market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Polyvinyl Alcohol (PVA) Films market between 2023 and 2028?
- What are the winning imperatives of market frontrunners in the Polyvinyl Alcohol (PVA) Films market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Polyvinyl Alcohol (PVA) Films Market
The research methodology adopted by analysts to compile the Polyvinyl Alcohol (PVA) Films market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Polyvinyl Alcohol (PVA) Films market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Polyvinyl Alcohol (PVA) Films market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Polyvinyl Alcohol (PVA) Films market.
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