The global polyvinyl alcohol (PVA) films market size was substantially large in 2020 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth include increasing adoption of biodegradable and water-soluble products in the packaging industry, coupled with growing demand for PVA films in electronics, medical, and pharmaceutical industries. Rapidly growing retail business and hospitality sector are also major factors resulting in rising demand for polyvinyl alcohol (PVA) films for product wrapping, and food packaging, which in turn, is expected to drive global market growth going ahead.
Top Companies Operating in the Global Polyvinyl Alcohol (PVA) Films Market:
Nippon Gohsei, Kuraray Co., Ltd., Sekisui Chemical, AMC Ltd., Cortec Corporation, Weifang Huawei New Materials Technology Co., Arrow Coated Products Ltd., BASF SE, MonoSol LLC, Ecomavi, Changzhou Water Soluble Co. Ltd., Sumitomo Chemical, LG Chemical, Nitto Denko, Biodegradable Products Institute, Aicello Corporation, Shanghai Yuking Water Soluble Material Tech Co., Ltd., Jiangmen Proudly Water-Soluble Plastic Co., Ltd., Japan Vam & POVAL Co. Ltd, and Polychem.
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The factors that drive the industry's growth are highlighted in the report. The report divides the Polyvinyl Alcohol (PVA) Films market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Polyvinyl Alcohol (PVA) Films Market Segmentation
Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Water Soluble PVA Films
- Polarizer PVA Film
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Detergent Packaging
- Agrochemical packaging
- Food Packaging
- LCD Panel
- Paper Manufacturing
- Medical Industry
- Laundry Bags
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Polyvinyl Alcohol (PVA) Films market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Polyvinyl Alcohol (PVA) Films market.
The global Polyvinyl Alcohol (PVA) Films market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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