Global Polyvinyl Alcohol Films Market by Application (Detergent Packaging, Agrochemical Packaging) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global polyvinyl alcohol film market was valued at USD 367.3 Million in 2020. It is expected to grow at 5.3% compound annual growth rate (CAGR), between 2021 and 2028. Due to stringent environmental regulations and increasing waste disposal issues, the packaging industry is in dire need of biodegradable raw material. This will drive demand for polyvinyl alcohol films (PVA), especially in the packaging industry. PVA films are environmentally friendly and don't release toxic gases upon incineration. From 2021 to 2028, the overall market for PVA products is expected to grow by 5.3%. The demand for polyvinyl alcohol films is expected to rise due to developments in the packaging industry in APAC, especially in India, China, Taiwan and .

The detergent market will be driven by the expansion of application possibilities in different end-use industries. The product consumption in developed countries such as North America, Europe and Asia will rise due to green packaging initiatives. The PVA film market is expected to grow due to growing environmental concerns and the potential dangers associated with the disposal of electronic goods.

PVA films can be used to make packaging bags for laundry, detergents, concrete additives and agrochemicals. These films are water-soluble, making them a green packaging material. Because of their non-hazardous, non-toxic qualities, water-soluble films are preferred for detergent packaging applications.

The detergent packaging market has been further divided into industrial detergent and consumer detergent. China is a major producer of industrial and consumer products. Market players can expect China to offer lucrative growth opportunities.

A key driver of consumer detergent packaging application demand is the growing penetration in washing machine countries like India and China. Industry participants can also expect to benefit from the growing applications of agricultural technology. The market growth may be affected by fluctuating Petrochemical prices.

Application Insights

In 2020, detergent packaging was the most dominant application segment and earned a revenue share of more than 37%. The market is expected to grow at a faster CAGR of over 5% during the forecast period. The global market was divided by application into detergent packaging and agrochemical packaging.

Although still in their infancy, PVA films for embroidery are expected to continue to grow at a steady rate from 2021 to 2030. They are used in embroidery to increase the material's dimensional stability. Their use in laundry bags reduces contamination issues, especially in the medical sector.

Regional Insights

North America was the region with the highest revenue share, at 32% in 2020. It is expected to maintain its dominance during the forecast period. The forecast period will see moderate growth in this region. The region's market growth will be driven by rising detergent demand from many end-use industries such as hotels, restaurants, and domestic sectors. Europe is one the most important markets for agrochemicals, and it is also one the fastest-growing countries to export food grains.

The demand for food is expected to rise due to increased safety concerns in Europe. This will increase the demand for agrochemicals. In terms of revenue, Asia Pacific will experience the highest CAGR of 6.2% between 2021 and 2028. Agrochemical packaging is one of Asia Pacific's largest contributors to market growth.

Market Share Insights & Key Companies

This market is expected to grow due to the increasing demand for eco-friendly products that help reduce negative environmental and health effects. This market is highly competitive, and has both medium- and large-scale producers. Producers can achieve economies of scale because raw materials are relatively cheaper and the plants are close to raw material suppliers. The market has seen a significant increase in product manufacturing capacity over the last few years. To meet rising global demand, global companies have increased their production capacity. The following are some of the most prominent players in the global market for polyvinyl alcohol film:

• 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

Up Market Research published a new report titled “Polyvinyl Alcohol Films Market research report which is segmented by Application (Detergent Packaging, Agrochemical Packaging), By Players/Companies Chang Chun Group, AMC (UK) Ltd, Mitsubishi Chemical Corp, MSD Corp, Kuraray Co Ltd, Sekisui Chemical Co Ltd, Changzhou Water Soluble Co Ltd, Cortec Corp, Arrow GreenTech Ltd, Aicello Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Polyvinyl Alcohol Films Market Report Segments:

The market is segmented by Application (Detergent Packaging, Agrochemical Packaging).

Polyvinyl Alcohol Films Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Polyvinyl Alcohol Films Market

Overview of the regional outlook of the Polyvinyl Alcohol Films Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Polyvinyl Alcohol Films Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Polyvinyl Alcohol Films Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Detergent Packaging

                2. Agrochemical Packaging

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Polyvinyl Alcohol Films Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Polyvinyl Alcohol Films Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.