Worldwide Alcoholic Polyvinyl Film Industry Expected to Reach $1 Billion by 2026 – ResearchAndMarkets.com

Dublin – (work wire) – The report “Polyvinyl Alcohol (PVA) Films Market – Forecast from 2021 to 2026” has been added to ResearchAndMarkets.com an offer.

The polyvinyl alcohol (PVA) film market is expected to grow at a CAGR of 7.26% to reach $1,084.367 million by 2026, from $663.914 million in 2019.

Polyvinyl alcohol (PVA) film is a water-soluble, biodegradable film used in the packaging of detergents, agrochemicals, water treatment chemicals, disinfectants, dyes, and the manufacture of laundry and embroidery bags. The water solubility of polyvinyl alcohol films is responsible for all of these uses. The need for biodegradable raw materials to produce sustainable packaging solutions is increasing as waste disposal costs rise and environmental laws become more stringent. As a result, the global market for polyvinyl alcohol (PVA) films is growing, because PVA films are environmentally benign and do not emit harmful chemicals when burned. Another important driver of the polyvinyl alcohol (PVA) film market is the increasing demand for detergents in both businesses and households for cleaning purposes due to the increased awareness about clean and healthy workplaces and homes. The increasing use of agrochemicals by farmers to increase agricultural production is increasing the demand for polyvinyl alcohol (PVA) films.

PVA (Polyvinyl Alcohol) is a water-soluble polymer used as a raw ingredient in the packaging of detergents, food, and agricultural chemical commodities. It is non-toxic and does not emit any dangerous gases when burned. Polyvinyl alcohol (PVA) films are in great demand and are used in a variety of applications, including detergent packaging, laundry bags, embroidery, tablet coatings, eye drops, food packaging, and more. LCD panels, optical filters, contact lenses, sunglasses, dyes, pigments, and other products use polyvinyl alcohol films. The demand for PVA films used in detergents is increasing due to rapid industrialization and a growing population all over the world.

Another major driver driving revenue growth in worldwide alcoholic polyvinyl alcohol film market is strict government laws and regulations that require the use of high quality polyvinyl alcohol films for packaging. Another important factor that is estimated to be driving the growth of the global market for polyvinyl alcohol films is the growing demand for biocompatible, environmentally safe and water soluble PVA films in various segments. Factors driving market expansion include increased awareness of hygiene, negative environmental consequences of increasing waste of electronic devices, and increased demand for environmentally friendly materials and products in emerging nations.

Major players, particularly in emerging nations and regions, are ramping up production to meet global demand from a variety of sectors. Among them are hospitality, textiles, electronics, chemicals, food and beverages, healthcare and construction. Due to the large number of polarized PVA film producers in these countries, revenue from the Asia Pacific markets is expected to continue growing at the fastest pace. Due to stringent packaging regulatory standards and increasing attempts to make packaging more sustainable, North America and Europe have a large market share.

growth factors

The global market for polyvinyl alcohol (PVA) films is expected to benefit from the growing demand for biodegradable packaging

One of the main reasons for the growth of the Polyvinyl Alcohol (PVA) films market is the increasing demand for biodegradable packaging. Increasing disposable income, increasing urbanization, and rising living standards are driving the market. All of these factors contribute to increased affordability and consumers’ willingness to invest in them. Due to the increasing demand for convenient and biodegradable packaging, the market for polyvinyl alcohol (PVA) films is expected to develop significantly during the forecast period. Manufacturers are creating easy-to-use packaging with properties such as static electricity, low oxygen permeability, excellent optical transmission, and alkaline coatings in response to growing concerns about biodegradable and environmentally friendly products. The PVA film market is expected to grow throughout the forecast period, as manufacturers adopt biodegradable packaging products.

limitations

Polyvinyl alcohol market is restricted by changing raw material prices

One of the major limitations in the growth of the polyvinyl alcohol (PVA) film market is due to the fact that PVA is made from petrochemicals, where raw material costs fluctuate. The fortunes of the petrochemical industry have long been linked to crude oil. Since crude oil and its derivatives are used as petrochemical feedstock, fluctuations in crude oil prices have a direct impact on petrochemical production, investment and financial options used as raw materials in the production of polyvinyl alcohol films, limiting market growth for the same. .

Segmentation:

The Polyvinyl Alcohol (PVA) Films Market has been analyzed by the following segments:

According to the application

  • Agrochemical Packaging

  • detergent packaging

  • laundry bags

  • embroidery

  • polarizer

  • Aharon

by geography

  • North Amarica

  • United States of America

  • Canada

  • Mexico

  • South america

  • Brazil

  • Argentina

  • Aharon

  • Europe

  • Germany

  • France

  • United kingdom

  • Italia

  • Aharon

  • Middle East and Africa

  • Kingdom Saudi Arabia

  • The United Arab Emirates

  • South Africa

  • Aharon

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Taiwan

  • Thailand

  • Indonesia

  • Aharon

mentioned companies

  • cortec company

  • Kuraray Co., Ltd.

  • Arrow GreenTech Ltd.

  • Isilo company

  • Nippon Johsi

  • Sekisui Specialty Chemicals of America

  • Proudly Water Soluble Plastic Co., Ltd

  • Amtrex Nature Care Pvt. Ltd.

  • Joyforce Industrial Chemicals Co., Ltd.

  • MSD Corporation

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

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