The global polyvinyl alcohol (PVA) films market size is expected to gain momentum owing to the increasing awareness regarding polymer waste during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Polyvinyl Alcohol (PVA) Films Market, 2021-2028.” Polyvinyl alcohol films are water-soluble films that can be used to package soaps, water purification chemicals, chemical products, and dyes in small doses. Small water-soluble doses make it easy to use and prevent human interaction with the inner components. Polyvinyl alcohol film is utilized as a water-soluble film in laundry bags and embroidery applications, in addition to packaging.
Negative Impact of Covid-19 on Chemical Industry
The pandemic of COVID-19 had a significant impact on the polyvinyl alcohol (PVA) films. Most electronics part production facilities have been halted, primarily due to logistics slowdowns and worker unavailability around the world, due to statewide lockdowns, severe social distancing measures, and damaged supply chains. Various e-commerce companies have stopped shipping non-essential items which is harming the electronics industry
By grade type, the market is segmented into fully hydrolyzed, partially hydrolyzed, sub-partially hydrolyzed, low foaming grades. On the basis of application, the market is segregated into food packaging, detergent packaging, embroidery, laundry bags, agrochemical packaging, industrial detergent, consumer detergent, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The report for polyvinyl alcohol (PVA) films is a collection of first-hand knowledge, qualitative and quantitative analysis by industry analysts, and input from industry professionals, and value chain players, an in-depth overview of current research.
Drivers & Restraints-
Increasing Demand in End-Use Industries to Stimulate Growth
The global polyvinyl alcohol (PVA) films market growth is expected to grow due to the rising demand in end-use industries during the projected period. The rising demand for biocompatible, environmentally safe, and water-soluble PVA films in various end-use industries. Factors driving market expansion include increased hygiene awareness, negative environmental effects from increased electronic device waste, and rising demand for environmentally friendly materials and products in developing nations.
Growing Awareness of Eco-Friendly Materials to Promote Growth in North America
North America is expected to hold the largest global polyvinyl alcohol (PVA) films market share during the forecast period. The growing demand for detergent packaging from various end-use industries, and increasing awareness regarding eco-friendly materials to reduce carbon footprints is expected to drive the market forward.
Asia Pacific is expected to have a sizable share of the market. This is due to the presence of a manufacturing base, biodegradable packaging in developed nations, rising demand for innovative electronics, displays, and devices, and growth in the hospitality industry is anticipated to drive the market in the region.
Manufacturers Focus on R&D Investments to Strengthen their Position
Companies are making strategic acquisitions to diversify their product portfolios and fulfil expanding detergent and agrochemical demand. This absorption merger unifies the management resources, boosts existing business earnings, and secures the expansion of connected firms in polyvinyl alcohol (PVA) films.
February 2020: Kuraray, MonoSol’s parent company, announced plans to build a new polyvinyl alcohol film manufacturing facility in Poland. This new facility should help the company fulfil increased demand from packaging applications, improve its supply chain, and expand the market.
List of Key Players Profiled in the Global Market for Polyvinyl Alcohol (PVA) Films:
Nippon Synthetic Chemical Industry Co.
Sekisui Chemical Co.
Spectrum Chemical Manufacturing Corp
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