USD 403.69 Billion
Polyvinyl Alcohol PVA Films Market Size, Share, Growth Analysis, By Application(Packaging, Agriculture), By Type(Detergent Packaging, Agrochemical Packaging) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2487 |
Region:
Global |
Published Date: February, 2024
Pages:
184
|
Tables:
67 |
Figures:
75
Polyvinyl Alcohol PVA Films Market Insights
Global Coronary Stent Market size was valued at USD 403.69 Billion in 2021 and is poised to grow from USD 425.49 Billion in 2022 to USD 614.86 Billion by 2030, at a CAGR of 5.4% during the forecast period (2023-2030).
The global polyvinyl alcohol (PVA) movies market has witnessed huge increase and transformation in recent years. PVA movies are versatile materials with applications spanning industries such as packaging, agriculture, electronics, and textiles. The marketplace has skilled rising demand because of their eco-friendly and biodegradable homes, making them a desired preference in sustainable packaging answers. Additionally, PVA movies locate use in water-soluble packaging, aiding in the discount of plastic waste. The growth of e-commerce and expanded recognition of environmental worries have similarly boosted marketplace demand. Geographically, Asia-Pacific has emerged as a dominant participant inside the PVA movies market, due to its thriving manufacturing region and increasing adoption of sustainable packaging practices. To live competitively, enterprise players specialize in innovation and product development to expand their marketplace presence. However, demanding situations associated with film power and cost-effectiveness continue to be. Overall, the global PVA movies market is poised for an enduring boom, driven by sustainability trends and evolving consumer preferences.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Detergent Packaging
Fastest Growth
Detergent Packaging
Growth Rate
5.4% CAGR
Global Polyvinyl Alcohol PVA Films Market by region
Country Share for North America(%)
Global Polyvinyl Alcohol PVA Films Market by Application
Global Polyvinyl Alcohol PVA Films Market by Application
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Polyvinyl Alcohol PVA Films Market Segmental Analysis
The global polyvinyl alcohol (PVA) films market can be segmented primarily based on utility, kind, and area. In phrases of software, it includes industries consisting of packaging, agriculture, construction, and electronics. Type-wise, PVA films can be categorized into water-soluble and polarized PVA films, each with wonderful characteristics and applications. Geographically, the market spans areas like North America, Europe, Asia-Pacific, and Latin America.
Analysis By Type
Fully hydrolyzed PVA films are the biggest section, accounting for a market proportion of over 50% in 2022. They are the most versatile type of PVA movies and can be utilized in an extensive kind of programs, inclusive of food packaging, detergent packaging, and embroidery. Partially hydrolyzed PVA movies are the second biggest section, accounting for a marketplace proportion of round 30%. They have decreased water solubility than absolutely hydrolyzed PVA movies, making them more appropriate for programs wherein water resistance is needed, together with within the creation and car industries. Sub-partly hydrolyzed PVA movies are the smallest phase, accounting for a marketplace percentage of around 10%. They have intermediate water solubility among fully hydrolyzed and in part hydrolyzed PVA movies. They are used in applications wherein a balance of water solubility and mechanical houses is needed, such as within the scientific and electronics industries.
Analysis By Application
The detergent packaging phase is the biggest software section, accounting for a sales proportion of over 37.7% in 2022. This is due to the increasing call for water-soluble films for packaging of detergents and different cleansing merchandise. PVA films are biodegradable and non-poisonous, making them an awesome preference for packaging of these merchandise. The agrochemical packaging phase is the second largest utility segment, accounting for a revenue proportion of over 20% in 2022. This is due to the growing use of PVA movies for packaging of insecticides, herbicides, and other agrochemicals. PVA films are moisture-resistant and have top barrier properties, making them a very good preference for packaging of those products.
Global Polyvinyl Alcohol PVA Films Market by Application, 2021 (%)
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Polyvinyl Alcohol PVA Films Market Regional Insights
North America is the second one biggest marketplace, accounting for over 25% of the global market in 2022. The market is anticipated to develop at a mild pace all through the forecast period, pushed with the aid of the growing demand for PVA films in detergent packaging and agrochemical packaging. Europe is the 1/3 largest marketplace, accounting for over 20% of the worldwide marketplace in 2022. The marketplace is anticipated to grow at a sluggish tempo for the duration of the forecast duration, due to the mature nature of the marketplace. Latin America and Middle East & Africa are the smallest markets, accounting for a combined proportion of less than 15% of the global market in 2022. The markets in those regions are predicted to develop at a sluggish tempo at some stage in the forecast length, due to the low call for PVA movies in these regions.
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Polyvinyl Alcohol PVA Films Market Dynamics
Drivers
Growing Environmental Concerns: The growing recognition and challenge of environmental sustainability have been a great driver for PVA movies. PVA is a biodegradable and green material, making it an appealing choice for numerous applications, such as packaging, agriculture, and prescribed drugs, in which environmental impact is a situation. Governments and clients are increasingly more stressful sustainable packaging solutions, which has boosted the demand for PVA movies.
Rising Demand for Water-Soluble Films: Water-soluble PVA movies are utilized in numerous industries, such as detergent packaging, agrochemicals, and embroidery. These films dissolve in water, leaving no residue, which makes them a handy preference for unmarried-dose packaging and other packages. The developing demand for comfort and ease of use in client products has pushed the adoption of PVA films.
Expanding Pharmaceutical and Healthcare Sector: PVA movies discover packages in the pharmaceutical and healthcare region for drug packaging, oral drug transport, and dissolvable film strips for medication. With the growing older international populace and the need for extra precise and user-pleasant drug transport techniques, the demand for PVA films in this zone has been at the rise.
Restraints
High Production Costs: One of the primary restraints for the PVA movies market is the extraordinarily high manufacturing costs compared to different plastic films. The production manner of PVA films involves numerous steps and frequently calls for brilliant uncooked materials, which may be luxurious. This price issue can limit the adoption of PVA movies, in particular in fee-sensitive markets.
Limited Heat Resistance: PVA films have a lower heat resistance as compared to a few different plastic films, which limits their use in packages requiring high-temperature tolerance. This constraint restricts their use in positive packaging and business packages where publicity to warmness is a concern.
Competition from Alternative Materials: PVA movies face competition from alternative substances, together with polyethylene and polypropylene films, which are extra-mounted and may offer decreased production fees for a few programs. While PVA's biodegradability is a bonus, it also faces opposition from biodegradable options, in addition challenging its market penetration.
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Polyvinyl Alcohol PVA Films Market Competitive Landscape
The global polyvinyl alcohol (PVA) movies marketplace capabilities is an aggressive panorama characterized by the way of several key gamers striving for marketplace dominance. Leading agencies in this enterprise consist of Kuraray Co., Ltd., Sekisui Chemical Co., Ltd., The Nippon Synthetic Chemical Industry Co., Ltd., and Aicello Corporation, among others. These gamers compete based totally on product innovation, satisfaction, and price-effectiveness. Market growth is driven through increasing packages of PVA films in industries like packaging, textiles, and production due to their incredible water solubility, biodegradability, and barrier properties. To gain a competitive part, businesses are specializing in studies and improvement to beautify the houses of PVA movies and extend their packages. Collaborations, partnerships, and strategic acquisitions are not unusual strategies to strengthen market presence. Additionally, sustainability initiatives and eco-friendly product improvement are gaining significance as environmental issues develop. As the PVA Films marketplace continues to conform, opposition among key gamers is anticipated to intensify, mainly to improvements and improvements in the industry.
Top Player’s Company Profiles
- Kuraray Co., Ltd. - Japan
- Nippon Gohsei - Japan
- The Nippon Synthetic Chemical Industry Co., Ltd. - Japan
- Sekisui Chemical Co., Ltd. - Japan
- Chang Chun Petrochemical Co., Ltd. - Taiwan
- Denki Kagaku Kogyo Kabushiki Kaisha (DENKA) - Japan
- MonoSol LLC (A Kuraray Company) - United States
- Aquapak Polymers Limited - United Kingdom
- Aicello Corporation - Japan
- Jiangmen Proudly Water-Soluble Plastic Co., Ltd. - China
- Anhui Polytronic Co., Ltd. - China
- AMC (UK) Ltd. - United Kingdom
- Zhejiang Keli New Material Technology Co., Ltd. - China
- Arrow Coated Products Ltd. - India
- Zhejiang Changxing Hanghua Glass Fiber Co., Ltd. - China
- Arrow Greentech Ltd. - India
- Zhejiang Lixin Pharmaceutical Co., Ltd. - China
- Sigma-Aldrich Corporation (now part of MilliporeSigma) - United States
- Celanese Corporation - United States
- J-Film Corporation - Japan
Recent Developments
- In January 2023, Kuraray Co. Ltd., a Japanese chemical agency, acquired the PVA movie business of Shandong Dongyue Group, a Chinese chemical employer. The acquisition is predicted to bolster Kuraray's position within the worldwide PVA films market.
- In February 2023, Amtrex Nature Care Pvt. Ltd., an Indian enterprise that manufactures and exports PVA movies, obtained the assets of AquaSol, a UK-primarily based company that specializes in water-soluble movies. The acquisition is anticipated to assist Amtrex expand its product portfolio and reach new markets.
- In March 2023, Soarnol Co. Ltd., a South Korean corporation that manufactures PVA films, obtained the assets of Ningbo Huiyue New Materials Co. Ltd., a Chinese enterprise that produces PVA resin. The acquisition is expected to assist Soarnol boom its manufacturing ability and enlarge its marketplace reach.
Polyvinyl Alcohol PVA Films Key Market Trends
- Sustainable Packaging Solutions: One great trend within the PVA Films marketplace changed into the growing call for sustainable and environmentally pleasant packaging materials. PVA Films are biodegradable and water-soluble, making them an appealing choice for agencies searching for eco-friendly packaging answers. This trend may additionally have continued as purchasers and groups alike have emerged as extra conscious of their environmental effect.
- Growth in Pharmaceutical and Food Packaging: PVA Films observed packages in pharmaceutical and meals packaging due to their fantastic barrier houses, water solubility, and biocompatibility. The pharmaceutical and food industries have been exploring PVA Films as a secure and dependable packaging cloth, particularly for single-dose packaging of drugs and component-controlled food items. This trend may have similarly developed as these industries retain to prioritize safety and comfort.
- Research and Development for Enhanced Properties: In the PVA Films market, there was a focus on research and development to improve the mechanical and barrier properties of PVA Films. Manufacturers were working on developing PVA Films with enhanced strength, flexibility, and moisture resistance to expand their range of applications. This trend could have continued with ongoing efforts to innovate and meet specific industry requirements.
Polyvinyl Alcohol PVA Films Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the future prospects for the global polyvinyl alcohol (PVA) films market appear promising. PVA films are gaining traction due to their eco-friendly and versatile nature, finding applications in packaging, textiles, and agriculture. With growing environmental concerns and policies favoring sustainable substances, PVA movies are possible to peer persevered increase. Additionally, improvements in the PVA film era, such as improved barrier properties and biodegradability, make them attractive for various industries. As demand for biodegradable and water-soluble packaging answers rises, the PVA films marketplace is predicted to make bigger, offering progressive and sustainable options to traditional plastics.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 403.69 Billion |
| Market size value in 2030 | USD 614.86 Billion |
| Growth Rate | 5.4% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyvinyl Alcohol PVA Films Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyvinyl Alcohol PVA Films Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyvinyl Alcohol PVA Films Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyvinyl Alcohol PVA Films Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyvinyl Alcohol PVA Films Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyvinyl Alcohol PVA Films Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Polyvinyl Alcohol PVA Films Market Report Snapshots
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