The new report by Expert Market Research titled, ‘Global Polyvinyl Alcohol (PVA) Films Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global polyvinyl alcohol (PVA) films market, assessing the market based on its segments like types, grades, applications, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 334 Million
• Forecast CAGR (2020-2025): 5.5%
• Forecast Market Size (2025): USD 461 Million
The polyvinyl alcohol (PVA) films market is fuelled by the product’s characteristics such as water-solubility. PVA films provide ease of use in applications like the packaging of detergents, water treatment chemicals, agrochemicals, and dyes. In the forecast period, the increase in demand for sustainable packaging on account of its ability to provide aid in reducing landfills and compliance with strict rules related to packaging, along with safety, performance, and convenience, are the attributes expected to fuel the market growth.
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Industry Definition and Major Segments
Polyvinyl alcohol (PVA) films are completely biocompatible, nontoxic, and its waste does not produce toxic or harmful by-products in the environment. They possess barrier properties to gases such as carbon dioxide, oxygen, and nitrogen. Other invaluable properties of PVA include comprehensive functional properties, such as outstanding heat-sealing, uniaxial tensile stress, and excellent adhesion to hydrophilic surfaces.
On the basis of type, the industry is divided into:
• Water-Soluble
• Polarizer
• Others
By grade, the industry is categorised into:
• Fully Hydrolyzed
• Partially Hydrolyzed
• Sub-Partially Hydrolyzed
• Low Foaming Grades
• Others
On the basis of application, the industry is divided into:
• Detergent Packaging
• Agrochemical Packaging
• Laundry Bags
• Embroidery
• Others
On the basis of end-use, the industry is segmented into:
• Automotive
• Paper Industry
• Construction
• Electronics
• Medical
• Aerospace
• Others
The regional markets for polyvinyl alcohol (PVA) films include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The increasing government initiatives to encourage green packaging is a trend observed in all the regions. The rise in hygiene consciousness among consumers has supplemented the PVA films market growth. Stringent government rules and innovations in agriculture, along with the increasing use of pesticides and fertilizers, are the salient trends of the PVA films market.
Key Market Players
The major players in the market are Aicello Corporation (NYSE: SJM), Mitsubishi Chemical Corporation (OTCMKTS: MTLHF), Nippon Gohsei UK Limited, Arrow GreenTech Ltd. (NSE: ARROWGREEN), KURARAY Co., Ltd. (OTCMKTS: KURRY), and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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