The global polyvinyl alcohol films market size is expected to be worth around US$ 560.59 million by 2030, according to a new report by Vision Research Reports.
The global polyvinyl alcohol films market size was valued at US$ 369.3 million in 2020 and is anticipated to grow at a CAGR of 7.3% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 560.59 million by 2030 |
| Growth Rate | CAGR of 7.3% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Aicello Corp.; Changzhou Water Soluble Co., Ltd.; Arrow GreenTech Ltd.; Mitsubishi Chemical Corp.; Kuraray Co., Ltd.; Cortec Corp.; AMC (U.K.) Ltd.; MSD Corp.; Sekisui Chemical Co., Ltd.; Chang Chun Group |
Growth Factors
The increase in waste disposal problems coupled with stringent environmental regulations is driving the need for biodegradable raw materials in the packaging industry. This factor is expected to drive the demand for polyvinyl alcohol (PVA) films, particularly in the packaging industry. PVA films are eco-friendly and do not release toxic gasses upon incineration. Increasing application scope in various end-use industries is expected to drive the detergent demand. Green packaging initiatives in developed regions, such as North America and Europe, are anticipated to increase the product consumption levels in these regions. Growing environmental concerns owing to hazards caused by the disposal of electronic products are expected to drive the PVA films market growth.
Report Highlights
Detergent packaging was the held application segment in 2020 and dominated for a revenue share of over 38%. It is also estimated to expand further at the largest CAGR of more than 6% over the forecast period. On the basis of application, the global market had been divided into detergent packaging, agrochemical packaging, laundry bags, embroidery, and others.
Key Players
Market Segmentation
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