Global Food Grade Polyvinyl Acetate Market to Grow at a CAGR of 5.10% in the Forecast Period of 2024-2032, Aided by the Increasing Applications

The growth of the global market can be attributed to the increasing demand for food grade polyvinyl acetate in various applications, such as gum candy and fresh fruit, which are driving the need for this product in different regions across the globe. One of the key factors driving this market's growth is the rising demand for food-grade polyvinyl acetate in the packaging and pharmaceutical industries. In addition, the growing concern in developing countries about food production and preservation, which has prompted increased research into the preservation of fresh fruits, is projected to boost the market's growth. Growing demand for high-quality, ready-to-eat foods with extended shelf life ensures that the product's natural qualities and design are preserved, driving the industry as more consumers prefer their food to look fresh.

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Food and beverage manufacturers and retailers are incorporating food-grade polyvinyl acetate solutions into their product portfolios to extend the shelf life of the edibles. In March 2019, Celanese announced that it is going to expand the Clear Lake acetic acid facility. This project was aimed to deliver unique network rate flexibility improved cost structure of the global acetic acid product portfolio. In addition, the expansion would facilitate productivity options within its global acetic acid network in both Singapore and Nanjing, China.

Market Analysis by Type, Application, and Regions:

• Based on type, the market is categorised into granular and flakes.

• The significant applications of the product includes gum candy, and fresh fruit, among others.

• The regional markets for food grade polyvinyl acetate include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Increasing awareness about health and safety issues related to plastic materials used in packaging products are augmenting the market growth.

• Stringent regulations on plastics are expected to drive this market.

• The development of new manufacturing technologies is further aiding in the market expansion.

• The food grade polyvinyl acetate decreases the danger of contamination is expected to augment the growth of the market.

Key Offerings of the report:

• The EMR report gives an overview of the global food grade polyvinyl acetate market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for type, application, and major regions of food grade polyvinyl acetate. 

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global food grade polyvinyl acetate industry are Wacker, Brenntag Specialties, Vinavil, Jiangsu Yinyang Gumbase Materials, Celanese, Foreverest Resources Ltd., and Nacalai, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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