Polyvinyl Alcohol (PVA) Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players_Films_Market_-_logos.webp "Polyvinyl Alcohol (PVA) Films Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Polyvinyl Alcohol (PVA) Films Market Analysis
The Global Polyvinyl Alcohol (PVA) Films Market is projected to register a CAGR of over 4% during the forecast period (2021-2026).
The COVID-19 pandemic has had a negative impact on the market for polyvinyl alcohol films. Because of nationwide lockdowns, strict social distancing measures, and disrupted supply chains, most electronics part production facilities have been halted mainly due to logistics slowdowns and workforce unavailability around the world. On the other hand, various e-commerce companies have stopped shipping non-essential items (including most electronics), which is affecting the electronics industry and, as a result, increasing demand for PVA films in the market.
- Over the medium term, the major factors driving the market demand for polyvinyl alcohol films are the growing demand for single-use detergent packaging and increasing government policies. Also, the shift toward eco-friendly materials is likely to drive the market.
- On the flip side, higher costs of PVA films and limited applications are expected to hinder the market growth.
- Asia-Pacific represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.
Polyvinyl Alcohol (PVA) Films Market Trends
This section covers the major market trends shaping the Polyvinyl Alcohol Films Market according to our research experts:
Growing Demand for Unit-dose Packaging
- Polyvinyl alcohol films are widely used in single-use packaging applications, and they are expected to be the fastest-growing market during the forecast period.
- Polyvinyl alcohol films are bio-degradable plastics films, and they are free from halogens, such as chlorine. PVA films start disintegrating when they come in contact with water. Due to their chemical composition, polyvinyl alcohol films break down into harmless compounds with less impact on the environment when compared to any other ordinary plastic film.
- Polyvinyl alcohol films are used in single-use packaging units, such as detergents. Films are compatible with detergents and are decomposed when contacted with water. North America is the largest market for detergent marketing, and it is expected to grow further during the forecast period.
- In 2019, the global laundry detergent market was valued at around USD 120 billion. The market's value is projected to keep growing with each consecutive year, reaching about USD 180 billion by 2026 which in turn is likely to drive the demand for polyvinyl alcohol films in the market.
- PVA films are used for the packaging of dyes, pigments, cement additives, and other harmful chemicals, to limit human contact with harmful materials, and the films decompose when contacted with water. The growing textile and building and construction industries are expected to drive the market.
- The growing need to restrict materials that pollute the environment, along with government policies to promote green initiatives, is expected to drive the market for polyvinyl alcohol films during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for polyvinyl alcohol films during the forecast period, due to an increase in demand from countries, like China, South Korea, and India.
- India and China are the leading markets for agrochemical packaging. Growing innovations in agriculture and increasing usage of pesticides and fertilizers are expected to drive the market for PVA films during the forecast period. India is the fourth-largest producer of agrochemicals in the world.
- According to FICCI India Report 2020, India is the fourth-largest producer of agrochemicals in the world. The Indian agrochemicals industry was valued at around INR 42,000 crore in FY20, out of which domestic consumption was worth around INR 20,000 crore, while exports during the same period were worth around INR 22,000 crore. The industry is expected to grow at a CAGR of 8-10% till 2025 and will be driven by several growth levers like increasing population, decreasing arable land, increasing demand for high-value agricultural products and increasing efforts from the industry and the Government to promote awareness and technology penetration which in turn will drive the market demand for Polyvinyl films.
- The polarized panels manufactured from polyvinyl alcohol films are used in LCD panels, lenses, and others. South Korea is the leading manufacturer of displays and home for the largest electronic spearheads in the industry, like Samsung and LG. The production of displays is expected to drive the market during the forecast period. As per the Korea Electronics Association, South Korea made about USD 20,715 million in revenue through displays in 2020.
- The aforementioned factors, coupled with government support, are likely to contribute to the increasing demand for polyvinyl alcohol films in the Asia-Pacific during the forecast period.
Polyvinyl Alcohol (PVA) Films Industry Overview
The polyvinyl alcohol films market is partially fragmented, with players accounting for an insignificant share of the market. Few companies include WaterSol, NIPPON GOHSEI, KURARAY CO. LTD, Amtrex Nature Care Pvt. Ltd, and JEVA PACKAGING LIMITED, amongst others.
Polyvinyl Alcohol (PVA) Films Market Leaders
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NIPPON GOHSEI
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KURARAY CO. LTD
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Amtrex Nature Care Pvt. Ltd
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WaterSol
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JEVA PACKAGING LIMITED
*Disclaimer: Major Players sorted in no particular order
_Films_Market_-_Market_Concentration.webp "Polyvinyl Alcohol (PVA) Films Market Concentration")
Polyvinyl Alcohol (PVA) Films Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand for Detergent Packaging
- 4.1.2 Government Policies and Shift Toward Eco-friendly Materials
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4.2 Restraints
- 4.2.1 Higher Costs and Limited Applications
- 4.2.2 Impact of COVID-19 Pandemic
- 4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Application
- 5.1.1 Unit-dose Packaging
- 5.1.1.1 Detergents
- 5.1.1.2 Agrochemical
- 5.1.1.3 Disinfectants
- 5.1.1.4 Other Unit-dose Packaging
- 5.1.2 Laundry Bags
- 5.1.3 Embroidery
- 5.1.4 Polarizing Panels
- 5.1.5 Other Applications
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 Italy
- 5.2.3.4 France
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 AICELLO CORPORATION
- 6.4.2 Amtrex Nature Care Pvt. Ltd
- 6.4.3 Anhui Dingzheng Packing material Co. Ltd
- 6.4.4 Guangzhou Plastic Industrial Group Co. Ltd
- 6.4.5 JEVA PACKAGING LIMITED
- 6.4.6 Joyforce Chemical Industrial Co. Ltd
- 6.4.7 KK NonWovens (India)
- 6.4.8 KURARAY CO. LTD
- 6.4.9 NIPPON GOHSEI
- 6.4.10 NOBLE INDUSTRIES
- 6.4.11 WaterSol
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand for Bio-degradable Products
- 7.2 Other Opportunities
Polyvinyl Alcohol (PVA) Films Industry Segmentation
Polyvinyl alcohol films are a water-soluble biodegradable film that allows for small dose packaging of detergents, water treatment chemicals, agrochemicals, and dyes. These small water-soluble doses make it easier to use and avoid human contact with the inside material. Aside from packaging, Polyvinyl alcohol film is also used in laundry bags and embroidery applications where it is used as a water-soluble film. The Polyvinyl Alcohol (PVA) Films market is segmented by application and region. By application, the market is segmented into Unit-dose Packaging, Laundry Bags, Embroidery, Polarizing Panels, and Other Applications. The report also covers the market size and forecasts for Polyvinyl Alcohol (PVA) Films Market in 15 countries across major regions. For each segment, the market sizing and forecast have been done on the basis of revenue (USD million).
| Application | Unit-dose Packaging | Detergents |
| Agrochemical | ||
| Disinfectants | ||
| Other Unit-dose Packaging | ||
| Application | Laundry Bags | |
| Embroidery | ||
| Polarizing Panels | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Polyvinyl Alcohol (PVA) Films Market Research FAQs
What is the current Polyvinyl Alcohol (PVA) Films Market size?
The Polyvinyl Alcohol (PVA) Films Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Polyvinyl Alcohol (PVA) Films Market?
NIPPON GOHSEI, KURARAY CO. LTD, Amtrex Nature Care Pvt. Ltd, WaterSol and JEVA PACKAGING LIMITED are the major companies operating in the Polyvinyl Alcohol (PVA) Films Market.
Which is the fastest growing region in Polyvinyl Alcohol (PVA) Films Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polyvinyl Alcohol (PVA) Films Market?
In 2024, the Asia Pacific accounts for the largest market share in Polyvinyl Alcohol (PVA) Films Market.
What years does this Polyvinyl Alcohol (PVA) Films Market cover?
The report covers the Polyvinyl Alcohol (PVA) Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyvinyl Alcohol (PVA) Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polyvinyl Alcohol (PVA) Films Industry Report
The Polyvinyl Alcohol (PVA) Films Market report provides a comprehensive industry analysis, covering market segmentation by application, including unit-dose packaging, laundry bags, embroidery, polarizing panels, and other applications. The report offers a detailed market forecast and market outlook, highlighting industry trends and market growth across various regions such as Asia-Pacific, North America, Europe, South America, and Middle-East and Africa.
This market report includes valuable industry information and industry statistics, presenting a thorough market overview and market review. The analysis encompasses market size and market value, providing insights into market leaders and their market share. Additionally, the report features industry reports and research companies, offering an industry outlook that includes market predictions and market data.
The report also addresses the industry sales and industry size, emphasizing the market growth rate and market trends observed in recent years. With a focus on industry research, the report includes a report example and a free report PDF download, facilitating a deeper understanding of the market dynamics.
Overall, this comprehensive market analysis delivers an in-depth view of the Polyvinyl Alcohol (PVA) Films Market, supported by extensive industry research and market segmentation. The report provides a valuable resource for understanding market leaders, industry statistics, and the overall market outlook.
