Global PVC Film for Medical Market - Industry Trends and Forecast to 2028| Polymershapes LLC, Adams Plastic Inc, Ercros

Market Overview:
The Global PVC Film for Medical Market is anticipated to develop at a significant growth rate over the analysis period, and for the market estimations, 2021 is considered the base year.

PVC, commonly referred to as vinyl, is a thermoplastic substance utilized in a variety of products, including pipes, medical equipment, wire and cable insulation, and others. One of the most popular materials for medical devices, it is also the material of choice for hospital walls, ceilings, and flooring. PVC was used in the medical sector to manufacture flexible tubing and containers in place of rubber and glass. Films are used in the packaging business to seal off products or their contents while boosting the product's aesthetic appeal. Due to their very effective chemical resistance capabilities, films are employed in medical applications for the packaging and storage of medications.

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Market Dynamics:
Driver:
One of the key factors anticipated to fuel the market's expansion over time is the rise in demand for medical and pharmaceutical packaging. The unexpected COVID-19 outbreak made it clear how crucial single-use plastic is to preventing the virus from spreading. Rapid urbanization increases human population exposure to new viruses, raising the likelihood of similar viral outbreaks. Viral outbreaks and the rise in non-communicable diseases are expected to lead to more hospital admissions, which will support the growth of PVC film for the medical market during the study period.

Opportunities:
Strong, long-lasting, hard, and other PVC film characteristics, among others, are very advantageous and drive up demand in the market. An important factor driving up demand for polyvinyl chloride (PVC) film is the rising popularity of medical bags, which is expected to open up new business opportunities during the forecast period.

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Segmentation Analysis of PVC Film for Medical Market
By Product Type, the flexible segment is estimated to have the highest share of the market. Flexible PVC is a soft, flexible material with a range of transparency to opacity. PVC is made with plasticizers, which give the finished product a rubbery property. Plastic boulders can achieve a wide range of flexible compositions by varying the type and number of plasticizers.

By Application, the bags segment is anticipated to lead the development of the PVC Film for Medical Market over the analysis period. The development of this segment is attributed to the growing number of blood donations and the growing usage of urinary drainage bags. According to the WHO, urinary incontinence is a common problem among people aged 60 and up. According to the same source, the global geriatric population is expected to grow from 7.0% in 2000 to 16.0% in 2050.

By Product Type
• Rigid
• Flexible
• Blown

By Application
• Bags
• Tubing
• Blister Packaging
• Other Applications

Regional Analysis Of PVC Film for Medical Market
The Asia Pacific region is anticipated to dominate the PVC film for the medical market over the analysis period. Countries such as India, China, Indonesia, South Korea, and Australia are the prominent countries supporting the market's growth in the region. According to the Economic Times, India produces about 1.5 million tons of PVC per year, which accounts for less than half of the country's total consumption of about 3.2 million tons. Reliance Industries Limited (RIL) manufactures approximately 45% of the country's total PVC. RIL intends to add 1.5 million tons of new capacity per year, while Adani Group intends to build a 2 million tons per year production facility. In a few years, this planned combined capacity of 3.5 million tons will more than triple India's capacity. Furthermore, China displaced the USA from the top position and claimed the no 1 title in the year 2021. With the growing production in these two prominent countries, the APAC region is anticipated to continue to its lead over the projected period.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Top Key Players Covered In PVC Film for Medical Market
• Polymershapes LLC
• Adams Plastic Inc
• Ercros
• INOVYN
• Shin-Etsu/Cires
• C.I. TAKIRON Corporation
• Achilles Corporation
• Tekra
• Tekni-Plex
• Presco
• VESTOLIT
• Plastatech Engineering Ltd.
• Caprihans India Limited
• Vinnolit GmbH & Co. KG, and Other Major Players.

Key Industry Development In The PVC Film for Medical Market
• In April 2021, Inovyn, Europe's leading PVC producer and a subsidiary of Ineos in the United Kingdom, launched a showcase website for its Biovyn resin, which it claims is the world's first commercially available bio-attributed PVC. Following increased demand across multiple industries such as healthcare, medical, construction, automotive, and retail fashion, the website includes a webinar information series on bio-attributed PVC.

• In April 2020, Plastatech Engineering Ltd. along with its sister company, Duro-Last® Inc., announced the development of flexible PVC gowns and face masks. The gowns are water and fluid-repellent while the masks and gowns both are washable and reusable.

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Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Product Type
 3.2 By Application
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: PVC Film for Medical Market by Product Type
 5.1 PVC Film for Medical Market Overview Snapshot and Growth Engine
 5.2 PVC Film for Medical Market Overview
 5.3 Rigid
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Rigid: Geographic Segmentation
 5.4 Flexible
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Flexible: Geographic Segmentation
 5.5 Blown
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Blown: Geographic Segmentation
Continue…..

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