18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Polyvinyl Alcohol (PVA) Films Market By Application (Detergent Packaging, Agrochemical Packaging, Laundry Bags, Embroidery): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Polyvinyl Alcohol (PVA) Films market in 2019 was approximately USD 101.2 Million. The market is expected to grow above a CAGR of 5.4% and is anticipated to reach over USD 146.23 Million by 2026.
Polyvinyl alcohol film is environment friendly material. The polyvinyl alcohol film is water soluble biodegradable film. It is used for packaging of agrochemicals, detergents, laundry bag production, water treatment chemicals, and disinfectants and dyes. Polyvinyl alcohol film is prepared by hydrolysis of polyvinyl acetate. These films doesn’t release toxic gases while recycling and waste to energy conversion.
Browse the full “Polyvinyl Alcohol (PVA) Films Market By Application (Detergent Packaging, Agrochemical Packaging, Laundry Bags, Embroidery): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/polyvinyl-alcohol-pva-films-market-by-application-detergent-1226
Worldwide governments are undertaking green packaging initiatives in wake of increasing environmental hazards by the increasing waste. The importance of waste management has been growing significantly with many countries restricting or banning use of single use plastics. The stringent regulation by government has further forced the use of degradable and recyclable plastic. These developments has increased the importance of eco-friendly material wherein PVA films have significant contribution. The demand for PVA in wake rising disposable waste problems is anticipated to increase consumption of the PVA films which is turn is expected to drive the growth of PVA films market. PVA films are water-soluble, thereby finds application in manufacturing of bags for agrochemicals, detergents, laundry and concrete additives. The water-soluble property and use as a green packaging material of the PVA films are majorly preferred in detergent packaging applications as result of its non-toxic and non-hazardous properties. These increasing application in multiple industries is expected to propel the demand for PVA films.
Additionally, with rising research and developments in the packaging industry in wake of green initiatives particularly for detergents and agrochemicals in the developed as well as developing countries is expected to increase the demand for PVA films.
The detergent packaging segment is expected to generate highest revenue for the global PVA market. The segment is also expected to exhibit highest CAGR over the forecast period. The detergent packaging has been gaining importance as branding element among the product portfolio. The embroidery and laundry applications are expected to generate notable revenue opportunity. The PVA films provides dimensional stability and eliminates contamination problems.
The North America region is estimated to hold maximum share in the base year. The North America region is also expected to continue dominance over the forecast period. The region has presence of major players and also boost higher demand from hotels, hospitals, restaurants and domestic sectors. The European region is expected to remain second largest revenue generating region. The region boosts high agrochemical manufacturing base. Additionally, the rising food safety measures in the European region are expected to further boost the market growth in the region. The Asia Pacific region is expected to witness significant growth in foreseeable future. The major factors responsible for the expected growth are the rising economic conditions and the expanding consumer electronics sector.
Major players operating in the global Polyvinyl Alcohol (PVA) Films market covered in this report include Arrow Coated Products Ltd., BASF SE., Sekisui Specialty Chemicals, Kuraray Co. Ltd., Jiangmen Proudly Water-Soluble Plastic Co., Ltd., AMC (UK) Ltd., Cortec Corporation, Shanghai Yuking Water Soluble Material Tech Co., Ltd., Nippon Gohsei, Changzhou Water Soluble Co. Ltd., Aicello Chemical Co. Ltd., Biodegradable Products Institute Inc., Sigma-Aldrich Co, Anhui Wanwei Group and MonoSol, LLC.
This report segments the global polyvinyl alcohol (PVA) films market as follows:
Global Polyvinyl Alcohol (PVA) Films Market: By Application Segmentation Analysis
- Detergent Packaging
- Agrochemical Packaging
- Laundry Bags
Global Polyvinyl Alcohol (PVA) Films Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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