The global polyvinyl alcohol (PVA) films market size is calculated at USD 278.5 million in the year of 2017 and is expected to reach up to USD 418 million by the year of 2025.
Polyvinyl Alcohol (PVA), are polymers which are water soluble in water and widely used across various industries. They are known to have large tensile strength and mixing properties. It is mainly produced with the help of hydrolysis process of polyvinyl acetate, here the product is of vinyl acetate monomer (VCM). These films are widely used in packaging of detergents, dyes and chemicals along with agrochemicals. These products find usage in laundry bags across the textile industry.
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Some of the key players of the global polyvinyl alcohol (PVA) films market are MonoSol, Nippon Gohsei, Changzhou Water Soluble Co. Ltd., Sekisui Specialty Chemicals, and Kuraray Co. Ltd. The report discusses in detail the various factors influencing the market. The report also discusses strategies and policies adopted by the key market players.
Global Water Soluble Polyvinyl Alcohol (PVA) Films Market Volume and Value, 2015-2025 (Tons) (USD Million)
The global polyvinyl alcohol (PVA) films market is driven by growing demand of packaging across the laundry industry. The growing income has helped people in opting for outsourcing of laundry services on a daily basis. Thus increasing the market demand and resulting in increase of packaging requirements. Furthermore, there is a growing awareness among masses about the benefits of green packaging. Growing economy is further expected to influence the market growth.
Growing awareness of hygiene has led to increase in demand of better detergents thus influencing the market positively. Another factor influencing the market is the growing popularity of hospitality industry where it is widely used in detergent form. However, the high cost of PVA packaging material is restraining the market from growing. Another major reason for slow growth is the fact that there is are not sufficient manpower and there is a lack of technically skilled people.
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The global polyvinyl alcohol (PVA) films market is segmented into applications and geography. Segmentation on the basis of application is done as Water Soluble, Consumer, Industrial and Polarizer applications. The Water soluble application is used as detergents across various industries and is further segmented as agrochemical packaging, Embroidery, laundry bags, and others. Among these the agrochemical packaging contributes the maximum share to the value and is used in pesticides, fertilizers, insecticides, and other chemicals to produce a larger sector. The embroidery sector is also growing due to the increased usability in covering the work. Also, to securely pack antiques and other valuable stuff polyvinyl is used. It also is used as a fixer in textile embroidery and is widely in demand due to its aesthetic appearance. The polarizer segment is further segmented as LCD panels and is used in sunglasses, optical filters and others.
Segmentation on the basis of region is done as South Korea, Japan, Taiwan and China. Among these regions China is expected to be the fastest growing economy in the region. This is mainly due to increased market demand for LCDs. Asia Pacific contributes to almost 20% of the market and is growing due to increased usage in detergent packaging and others.
Key segments of the Global Polyvinyl Alcohol (PVA) Films market
Application Overview, 2015-2025 (Tons) (USD Million)
Polarizer (Million square meters) (USD Million)
Water Soluble PVA Films Regional Overview, 2015-2025 (Tons) (USD Million)
Polarizer PVA Films Regional Overview, 2015-2025 (Million square meters) (USD Million)
Key Players analysed in the report include
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Table of Content
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Market Overview, By Technology
5. Market Overview, By Panel
6. Market Overview, By Application
7. Market Overview, By Region
8. Competitive Landscape
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