DUBLIN--(BUSINESS WIRE)--The "Polyvinyl Alcohol (PVA) Films Market Size, Share & Trend Analysis Report By Application (Detergent Packaging, Agrochemical Packaging, Laundry Bags, Embroidery) And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global PVA films market is expected to reach USD 404.1 million by 2025.
Increasing government initiatives to support green packaging is expected to remain key driving factor for the market. Volatile raw material prices are expected to be a key challenge to market growth over the forecast period.
Detergent packaging emerged as the leading product segment and accounted for over 30% of total market volume in 2016. Detergent packaging is also expected to be the fastest growing application market for water soluble polyvinyl alcohol films, at an estimated CAGR of 4.2% from 2017 to 2025.
The increasing global population, coupled with growing disposable income is offering high purchase power parity (PPP) that has resulted in improved standard of living. This in resulting in additional services being adopted, such as laundry services in their daily routine. The bags used in laundries are mostly manufactured using PVA films as it becomes easier for disposal. As a result, the booming laundry service industry is projected to contribute to the growth for polyvinyl alcohol films market.
Growing hygiene consciousness among the consumers coupled with rising standards of living are propelling demand for detergents. In addition, positive growth witnessed by the hospitality industry is also contributing significantly in the demand for detergents. Thereby, supplementing overall demand for PVC films in detergent packaging industry.
Agrochemical packaging is also among the major demand driver for PVA films in the global market. Agrochemicals such as pesticides, insecticides, herbicides, fertilizers, and others chemicals are witnessing augmented demand in the agricultural sector. Thus, creating lucrative growth opportunities for polyvinyl alcohol films during the forecast period.
Further Key Findings from the Report Suggest:
- The global market for PVA films was USD 263 million in 2016 and is expected to reach USD 404.1 million by 2025, growing at a CAGR of 4.9% from 2017 to 2025
- North America continued its dominance in the global polyvinyl alcohol films market and accounted for 33% of total market revenue in 2016. However, Asia Pacific is expected to be the fastest growing regional market, at an estimated CAGR of 5.6% from 2017 to 2025
- Detergent packaging is estimated to be the largest market in 2016 and is projected to continue its dominance by 2025, growing at a CAGR of 4.1% from 2017-2025
- The global market for PVA films is highly concentrated among MonoSol LLC, Kuraray, Nippon Gohsei, Aicello Chemicals and Sekisuei Specialty Chemicals
Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope & assumptions
1.3 List of data sources
Chapter 2 Executive Summary
Chapter 3 Global PVA Films Market Variables, Trends, and Scope
3.1 Market segmentation and scope
3.2 Penetration and growth prospect mapping
3.3 Value chain analysis
3.4 Raw material analysis
3.5 Regulatory framework
3.6 PVA Films market dynamics
3.6.1 Market driver analysis
3.6.2 Market restraint analysis
3.7 PVA Films market - Porter's analysis
3.8 PVA Films market - PESTEL analysis
Chapter 4 PVA Films Market: Application Estimates & Trend Analysis
4.1 Application movement analysis & market share, 2016 & 2025
4.2 Detergent packaging
4.3 Agrochemical Packaging
4.4 Laundry Bags
Chapter 5 PVA Films Market: Regional Estimates & Trend Analysis
5.1 Regional movement analysis & market share, 2016 and 2025
5.2 North America
5.5 Central & South America
5.6 Middle East & Africa
Chapter 6 Competitive Landscape
6.1 Vendor landscape
6.2 Competitive environment
6.3 Company market positioning
6.4 Strategic framework
Chapter 7 PVA Films Competitive Landscape
7.1 Aicello Chemicals
7.2 Changzhou Water Soluble Co. Ltd.
7.3 MonoSol LLC
7.4 Nippon Gohsei
7.5 Sekisui Specialty Chemicals
7.6 Kuraray Co. Ltd.
7.7 Arrow Coated Products Ltd.
7.8 Cortec Corporation
7.9 AMC (UK) Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/iw9ctn