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PVDC Coated Films Market | Key players operating in the market include Treofan Germany GmbH & Co. KG, Cosmo Films Ltd., SKC, Inc., Vibac Group S.p.A, Jindal Poly Films Limited, Polinas, Innovia Films, SRF Limited, Toray Industries, Inc., Vacmet India Ltd.

11-06-2019 07:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

PVDC Coated Films Market

PVDC Coated Films Market

According to recent market research "PVDC Coated Films Market and Acrylic Coated Films Market by Film Type (PP, PET, and PVC), Coating Side (Single and Double), Application (Packaging, Lamination, and Labelling), End-Use Industry and Region - Global Forecast to 2023", is expected to grow from USD 1.5 billion in 2018 to USD 1.9 billion by 2023, at a CAGR of 6.0% during the forecast period.

The acrylic coated films market is expected to grow from USD 714 million in 2018 to USD 978 million by 2023, at a CAGR of 6.5% during the forecast period. The properties such as superior moisture barrier, excellent aroma barrier, and mineral oil barrier, and dimensional stability of PVDC coated films and acrylic coated films are driving the market.

Browse 135 market data Tables and 44 Figures spread through 151 Pages and in-depth TOC on "PVDC Coated Films Market and Acrylic Coated Films Market - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/pvdc-coated-films-market-85618234.html

The use of PVDC coated films and acrylic coated films is increasing due to their good aroma barrier, superb clarity, high gloss, and printability. The PVDC coated films market is estimated to be USD 1.5 billion in 2018 and is projected to reach USD 1.9 billion by 2023, registering a CAGR of 6.0% between 2018 and 2023. The acrylic coated films market is expected to grow from USD 714 million in 2018 to USD 978 million by 2023, at a CAGR of 6.5% during the forecast period. The increasing use of PVDC coated films and acrylic coated films in the packaging application is bolstering the market, globally.

The PVDC coated films market, by end-use industry is divided into two segments, namely health & personal care and food & beverage. Health & personal care is expected to register with the highest CAGR in the global PVDC coated films market during the forecast period. The acrylic coated films market, by end-use industry is divided into three segments, namely, food & beverage, health & personal care, and others. Food & beverage is expected to be the fastest-growing end-use industry, in terms of both value and volume during the forecast period for the acrylic coated films market. PVDC coated films and acrylic coated films offer moisture barrier, aroma barrier, and excellent sealing strength.

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The PVDC coated films market size is estimated to be USD 1.5 billion in 2018 and is projected to reach USD 1.9 billion by 2023, registering a CAGR of 6.0% from 2018 to 2023. The acrylic coated films market size is expected to grow from USD 714 million in 2018 to USD 978 million by 2023, at a CAGR of 6.5% during the forecast period. The major factor driving the market is the increasing use of PVDC coated films and acrylic coated films in packaging applications.

The major PVDC coated films and acrylic coated films manufacturers are Treofan Germany GmbH & Co. KG (Germany), Cosmo Films Ltd. (India), SKC Inc. (US), Vibac Group S.P.A. (Italy), Jindal Poly Films Limited (India), Polinas (Turkey), Innovia Films (UK), SRF Limited (India), Perlen Packaging (Switzerland), and Toray Industries Inc. (Japan). These players have adopted various growth strategies, such as mergers & acquisitions, expansions, and new product launches to expand their presence in the global market further. Expansions and new product launches were the most dominating strategies adopted by the major players from 2013 to 2018, which helped them innovate their offerings and broaden their customer base.

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Treofan Germany GmbH & Co. KG is one of the prominent players in the PVDC coated films market and acrylic coated films market. The company has a strong focus on R&D and holds more than 350 patents. As a part of its growth strategy, the company adopts new product launches. For instance, in June 2017, the company introduced a technologically advanced coater at its manufacturing site in Italy. This coater will enhance its capability to produce diversified films to cater to the increasing demand for PVDC coated films and acrylic coated films.

Cosmo Films Ltd. is one of the leading players in the PVDC coated films market and acrylic coated films market. The company provides high-grade PVDC coated films and acrylic coated films, which are extensively used in the packaging industry. As a part of its growth strategy, the company is highly focused on expansions. For instance, in April 2017, the company established a new production facility in Aurangabad, India with an annual capacity of 36,000 MT. It will increase the production of BOPP and BOPET films to serve the growing demand for PVDC coated films and acrylic coated films.

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You can edit or delete your press release PVDC Coated Films Market | Key players operating in the market include Treofan Germany GmbH & Co. KG, Cosmo Films Ltd., SKC, Inc., Vibac Group S.p.A, Jindal Poly Films Limited, Polinas, Innovia Films, SRF Limited, Toray Industries, Inc., Vacmet India Ltd. here

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