11 September 2019
Visiongain’s new report the Polyvinyl Alcohol (PVA) Films Market Report 2019-2029: Forecasts by Application (Agrochemical Packaging, Detergent Packaging, Embroidery, Laundry Bags, Others), by Region and Analysis of Leading Companies Operating in This Industry. The worldwide market size of Polyvinyl Alcohol (PVA) Films is anticipated to cross USD 308.6 million in 2019 and is expected to increase from 2019 to 2029 at a CAGR of 5.1%.
PVA films are used mainly in household and industrial applications for the packaging of hazardous chemicals such as bleaches, detergents, pigments, colors, etc., as well as in polarizer applications including LCD panels, optical filters, glasses, lenses etc. It is also used for packaging tiny doses of pesticides or herbicides that can cause damage to humans in the agricultural sector.
PVA films are used in seed tape that regularly absorbs water from the soil and helps germinate. Food packaging and water transfer printing are other developing applications of PVA films. Products such as coffee, chocolate, etc. are packed in the food industry using PVA films in order to eliminate empty contaminated containers or wrappers. Water transfer printing technology is used in household appliance decoration as well as in automotive interiors.
The growing worldwide population, combined with growing disposable income is resulting in enhanced living standards. This results in the adoption of extra facilities in their daily routine, such as laundry facilities. Most of the bags used in laundries are made using PVA films as they become simpler to dispose of. The booming laundry service industry is expected to contribute to the development of the market for polyvinyl alcohol films.
Growing consumer hygiene awareness combined with increasing living standards are driving demand for detergents. Furthermore, the favorable development experienced by the hospitality industry also considerably contributes to the demand for detergents. In this way, the general demand for PVC films in the packaging industry is supplemented. Agrochemical packaging is also one of the main drivers of worldwide market demand for PVA films. In the agricultural sector, agrochemicals such as pesticides, herbicides, insecticides, fertilizers and other chemicals are experiencing increased demand.
North America was the biggest regional market for PVA films and its dominance over the forecast period is anticipated to continue. This region is anticipated to record moderate growth rates for water-soluble applications over the forecast period. It is anticipated that increased demand for detergents from multiple end-use industries such as restaurants, hospitals, hotels, and national sectors will drive regional market growth.
Due to the growing demand for agrochemicals in Asian countries, the agrochemical packaging market is one of the biggest contributors to the development of the Asia Pacific region. Developments in the packaging industry are anticipated to create demand for polyvinyl alcohol films in the Asia Pacific, especially for agrochemicals and detergents in nations such as China, India, and Taiwan.
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