The Global Poly-Vinylidene
Dichloride (PVDC) market is forecast to reach USD 2.37 Billion by
2026, according to a new report by Reports and Data. The high barrier feature
of PVDC coating enables it to be used for the packaging of perishable food
products to reduce the wastage across the value chain and improve the shelf
life of the product. PVDC coated films are generally used for packaging food,
cosmetics, personal products, and pharmaceuticals.
Growth of the packaging industry
drives the market for PVDC coated films. Increasing use of food packaging such
as pouches, lidding film, wraps, and laminates is expected to propel the demand
from the market. The rise in the packaging of poultry, meat, and seafood is
driving the market, especially in MEA countries.
Manufacturers are innovating
chlorine-free alternatives for packaging to reduce the impact on the
environment. The research activities to develop sustainable alternatives for
PVDC coated films will increase awareness and stringent government policies
regarding the disposal of discarded films.
The Asia Pacific region held a
market share of 29.5% in the year 2018. Increase in disposable income coupled
with a rise in the standard of living of the new generation is increasing the
demand for PVDC coated films market.
Further key findings from
the report suggest
- Polypropylene (PP) held the largest market share of
41.6% in the year 2018. PP is tough and rigid, crystalline thermoplastic
produced from propene monomers. It is also one of the most cost-effective
plastics as compared to others.
- Single coating side is forecasted to grow with a
higher CAGR of 6.5% during the period. This type of PVDC enhances the
shelf life of the product, which in turn makes it applicable for
packaging.
- Health and Personal Care are forecasted to hold a
market share of 44.7% in 2026. These type of coating have high barrier
properties and is used in the pharmaceutical sectors in the blister
packing of capsules, tablets, and products which are moisture sensitive.
- The packaging application is forecasted to grow with
the highest CAGR of 7.0% during the forecast period. PVDC is optically
clear and with a high degree of gloss and has remarkable moisture and
oxygen barrier, which makes it perfect for household wrap and food,
medical and pharmaceutical packaging to enhance shelf life. PVDC is also highly
resistant to many chemicals, including grease and oil.
- Asia Pacific is forecasted to grow with the highest
CAGR of 7.7% during the forecast period. Countries such as India, China,
and Japan are the fastest-growing economies contributing heavily towards
the growth of the PVDC coated films market. Presence of companies such as
Jindal Poly Films Limited, Cosmo Films Limited, and Toray Industries is
expected to increase the applications of the films in healthcare, food
& beverage, and other industries.
- North America held a market share of 31.5% in the
year 2018. The U.S. is the major contributor to the market. The Food and
Drug Administration (FDA) regulated the safety of food-contact packaging,
and the PVDC is strictly suited to meet the stringent standards and
requirements. The ability of these packaging to not react with the goods
inside is propelling the growth of the market in the region.
- Key participants SKC, Inc., Innovia Films, Polinas,
Treofan Germany GmbH & Co. Kg, Vibac Group S.P.A., Transcendia Inc.,
Perlen Packaging, Vacmet India Ltd., Interni Film, and Pt Trias Sentosa,
among others.
To identify the key trends in
the industry, click on the link below: https://www.reportsanddata.com/report-detail/poly-vinylidene-dichloride-pvdc-coated-films-market
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