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Global Polyvinyl Alcohol Films Market Report 2021: Growth in Demand for Sustainable Packaging Products – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD)–The Global Polyvinyl Alcohol Films Market Size, Share and Trend Analysis Report by Region (North America, APAC), Application (Detergent Packaging, Agrochemical Packaging) and Segment Forecast, 2021 -2028 “ report was added to ResearchAndMarkets.com offer.

The global polyvinyl alcohol films market size is expected to reach USD 551.59 million by 2028, with a CAGR of 5.3% from 2021 to 2028.

Sustainable packaging is in high demand due to its ability to help reduce landfills and meet strict packaging regulations. Additionally, sustainable packaging solutions have gained prominence due to safety, performance and convenience in product packaging.

PVA films are widely used as environmentally friendly polymers and have contributed significantly to the growth of the sustainable packaging industry. The increase in government initiatives to support green packaging is also expected to be the main driving force behind the market. However, the volatility of commodity prices is expected to be a major challenge for growth during the forecast period.

The increase in the world’s population, coupled with the increase in disposable income, provides a high purchasing power parity (PPP) which has resulted in improved living standards. This results in the adoption of additional services, such as laundry services, into their daily routine.

The bags used in laundries are mostly made from PVA films as they become easier to dispose of. As a result, the booming laundry service industry is expected to contribute to the steady growth of the market. Growing hygiene awareness among consumers, coupled with rising living standards, is driving the demand for detergents.

In addition, the growth observed by the hotel industry also contributes significantly to the production of detergents. This, in turn, increases the overall demand for PVA films in the detergent packaging industry.

Another important driver for the market is agrochemical packaging. Agrochemicals, such as pesticides, insecticides, herbicides, fertilizers and other chemicals, are in high demand in the agricultural sector. Thus, creating lucrative growth opportunities for PVA films.

Highlights of Polyvinyl Alcohol Films Market Report

  • The global market was valued at USD 367.31 million in 2020 and is expected to grow at a CAGR of 5.3% from 2021 to 2028.

  • Detergent packaging became the leading product segment and accounted for over 37% of total market turnover in 2020

  • North America accounted for 32.1% of the total demand for PVA films in 2020 due to the strong demand for detergent packaging, due to the increased penetration of automatic washing machines in the region.

  • Product demand in Asia Pacific is expected to grow at a CAGR of 6.2% during the forecast period. China was the largest producer and consumer of PVA films in Asia-Pacific in 2020 and this trend is expected to continue during the forecast period.

Market variables, trends and scope

Market Driver Analysis

  • Growing demand for sustainable packaging products

  • Massive demand from Asia-Pacific

Analysis of market restrictions

  • Volatile commodity prices

Raw material analysis

  • PVA resin

  • Vinyl Acetate Monomer / Polymer

  • Sodium hydroxide / Methoxide

  • Methanol / Ethanol

  • Plasticizers

Analysis of the regulatory framework

  • US Food & Drug Administration (CFR – Code of Federal Regulations Title 21)

  • Commission Regulation (EU) 2015/463

  • The National Institute for Occupational Safety and Health (NIOSH)

  • REACH Regulation (EC) n ° 1907/2006

Companies mentioned

  • Aicello Company

  • Changzhou Water Soluble Co., Ltd.

  • Nippon Synthetic Chemical Industry Co., Ltd.

  • Kuraray Co., Ltd.

  • Arrow GreenTech Ltd.

  • Cortec Corporation

  • AMC (UK) Ltd.

  • MSD Company

  • Sekisui Chemical Co., Ltd.

  • Chang Chun Group

For more information on this report, visit https://www.researchandmarkets.com/r/27qtdt


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