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Global Polyvinyl Alcohol (PVA) Films Market to Reach USD 461 Billion by 2026, Aided by the Rising Demand for Biodegradable Packaging

According to a new report by EMR titled, 'Global Polyvinyl Alcohol (PVA) Films Market Report and Forecast 2021-2026', the global market for polyvinyl alcohol (PVA) films attained USD 334 million in 2020. The market is further expected to grow at a CAGR of 5.5% in the forecast period of 2021-2026 to attain USD 461 million by 2026.

The global polyvinyl alcohol (PVA) films industry is rapidly rising due to its growing demand from end-user industries. Regions such as the Asia Pacific and North America are significant markets for polyvinyl alcohol (PVA) films, where it is used for water-soluble applications. The Asia Pacific contributes to the majority of the market share for the product and is predicted to have rapid growth over the forecast period as well. A significant amount of polyvinyl alcohol (PVA) films is used for detergent and agrochemical packaging. Detergent packaging has been witnessing heightened demand in North America, whereas the Asia Pacific region has a huge demand for agrochemical packaging. The other water-soluble applications include water treatment, embroidery, chemical packaging, and laundry bags. All these factors are aiding the market growth of polyvinyl alcohol (PVA) films.

The market is further driven by the new product launches by the key industry players. Mitsubishi Chemical Corporation (OTCMKTS: MTLHF) develops Hi-Selon, which is a water-soluble film made from polyvinyl alcohol. The product is available in extensive types, varying on the basis of solubility in cold as well as hot water, to cater to diverse needs. The product is ideal for packaging material and offers several advantages, such as high solvent resistance and gas barrier performance for its application in packaging agricultural chemicals and pharmaceuticals, printing on curved surfaces, hygiene purposes, and as base materials for wigs and embroidery. The rising demand for the aforementioned products and innovations like this are expected to bolster the market growth over the forecast period.

Market Analysis by Type, Grade, Application, End Use, and Region:

  • The polyvinyl alcohol (PVA) films industry, on the basis of type, is divided into water-soluble and polarizer, among others.
  • On the basis of grade, the market is segmented into fully hydrolyzed, partially hydrolyzed, sub-partially hydrolyzed, and low foaming grades, among others.
  • By application, the market is categorised into detergent packaging, agrochemical packaging, laundry bags, and embroidery, among others.
  • On the basis of end use, the market is automotive, paper industry, construction, electronics, medical, and aerospace, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of The Report:

  • The global polyvinyl alcohol (PVA) films industry is being driven by the inflating disposable income of the population, growing urbanisation, and changing lifestyles.
  • The growing demand for convenient and biodegradable packaging from various sectors is aiding the market growth.
  • The rising awareness and environmental concern on a global scale has resulted in heightened demand for products that are environmentally friendly and biodegradable packaging materials.
  • Further, attractive packaging and aggressive marketing of the products with biodegradable packaging is providing impetus to the market growth of polyvinyl alcohol (PVA) films.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for polyvinyl alcohol (PVA) films for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, grades, applications, end uses, and regional markets of polyvinyl alcohol (PVA) films. 
  • It gives an in-depth look at the regional price trends in the polyvinyl alcohol (PVA) films industry.
  • 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.

Aicello Corporation, Mitsubishi Chemical Corporation, Nippon Gohsei UK Limited, Arrow GreenTech Ltd., and KURARAY Co., Ltd., among others, are the key players in the global polyvinyl alcohol (PVA) films market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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