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Polyvinyl Alcohol Films Market Size, Share, Growth Insights and Report 2024-2031 | Arrow GreenTech Ltd, Mitsubishi Chemical Group, Kuraray Co Ltd
DataM Intelligence
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What is the projected growth rate (CAGR) of the Global Polyvinyl Alcohol Pva Films market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Polyvinyl Alcohol (PVA) Films Market reached US$ 429.0 million in 2023 and is expected to reach US$ 720.7 billion by 2031, growing with a CAGR of 6.7% during the forecast period 2024-2031.
What is Polyvinyl Alcohol Pva Films Market?
The growing demand for green and sustainable packaging solutions is a significant driving force in the industry. There is a clear shift toward biodegradable and compostable materials in response to increasing environmental concerns and stringent regulations on plastic usage. Among these materials, polyvinyl alcohol (PVA) films are gaining traction as a viable alternative to conventional plastic films, particularly in the food and beverage, pharmaceutical, and personal care sectors due to their water-soluble and biodegradable properties.
Improvements in PVA film manufacturing and technological advancements are further propelling industry growth. Manufacturers are investing in research and development to enhance the properties and functionality of PVA films, which will expand their applicability across various applications. These developments enhance film strength, barrier properties, and compatibility with different additives, thereby broadening the potential uses of PVA films across multiple sectors.
Growth Driver
Growing Demand for Water-Based and Biodegradable Products
The market for polyvinyl alcohol (PVA) films has been significantly impacted by the rising demand for biodegradable products, prompting manufacturers to develop sustainable alternatives. As global regulations on plastic usage tighten and consumers become more environmentally conscious, the popularity of sustainable packaging options continues to grow. PVA films, known for their water-soluble and biodegradable properties, offer a compelling alternative to traditional plastic films, especially in industries that frequently use single-use packaging, such as food and pharmaceuticals.
For example, in September 2022, Bioplastics International addressed the demand for fossil fuels by creating the first water-soluble PVA made from sugar cane alcohol. Additionally, in May 2022, Cortec introduced EcoSol, a product that simplifies the application process. Users can simply place the bag or pouch in the desired location, allowing water to break down the PVA film and release its contents.
Key Players:
Profiles of some of the major players in the global Polyvinyl Alcohol Pva Films market, which include: Aicello Corporation, Huizhou RD Plastic Co.,Ltd, Arrow GreenTech Ltd., Mitsubishi Chemical Group Corporation, Kuraray Co., Ltd., Cortec Packaging, Sekisui Chemical Co., Ltd., Chang Chun Group, Dow and Anhui Wanwei Group Co.,Ltd.
Industry Development:
On September 21, 2022, Bioplastics International developed the first water-soluble polyvinyl alcohol (PVA) made from sugar cane alcohol, which is a non-fossil fuel. The development reduces the use of fossil fuels and aims to replace plastics. The water-soluble PVA film is toxin-free, dissolves in water in minutes and has no plastics. Bioplastics International has a pending US patent for this development.
On January 17, 2023, The production facility for polymer dispersions was expanded by the multinational chemical firm BASF SE in Merak, Indonesia. Major paper and board producers are based in the ASEAN and their expansion helps meet the rising demand for luxury packaging. The expansion strengthens BASF's standing as the industry leader and a reliable source.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Polyvinyl Alcohol Pva Films market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type (Water-Soluble PVA Films, Polarizing PVA Films, Non-Polarizing PVA Films)
By Grade (Fully Hydrolyzed, Partially Hydrolyzed, Sub-Partially Hydrolyzed, Low Foaming Grade)
By Application (Detergent Packaging, Food Packaging, Industrial Detergent, Consumer Detergent, Agrochemical Packaging, Laundry Bags, Embroidery, Others)
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
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➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
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