Global PVDC Coated Films Market Will Surpass USD 13.8 Billion by 2031
The global PVDC coated films market is expected to grow at a CAGR of 3.9% during the forecast period. PVDC coated films are used in various applications such as food, medical, and industrial packaging. They offer superior barrier properties against moisture and oxygen ingress, so they are used in food packaging applications. The increasing demand for fresh and processed food is expected to drive the growth of the global PVDC coated films market during the forecast period.
Browse ThinkWise Intelligence's exclusive report, spread through 148 Pages on "GLOBAL PVDC COATED FILMS MARKET, BY SUBSTRATE MATERIAL (POLYAMIDE (PA), POLYETHYLENE (PE), POLYETHYLENE TEREPHTHALATE (PET), POLYPROPYLENE (PP), POLYVINYL CHLORIDE (PVC)), BY APPLICATION (BLISTERS, LAMINATES, LIDDING FILMS, POUCHES & BAGS, WRAPS), BY END-USE INDUSTRY (CONSUMER GOODS, FOOD AND BEVERAGES, HEALTHCARE, OTHERS) – COMPETITIVE LANDSCAPE & GROWTH POTENTIAL ANALYSIS, 2022-2031".
POLYAMIDE (PA) IS PROJECTED TO DOMINATE THE GLOBAL MARKET DURING THE FORECAST PERIOD
Polyamide is expected to have a higher share in the global PVDC coated films market during the forecast period. The film offers excellent barrier properties and is resistant to moisture, oxygen, and aromas. In addition, it is also non-toxic and has a high thermal resistance. These features are expected to drive the demand for polyamide-based PVDC coated films in the coming years.
THE FOOD AND BEVERAGES END-USE INDUSTRY WILL DOMINATE DURING THE ESTIMATED PERIOD
The food and beverages industry is expected to have a higher share in the global market for PVDC coated films. This is due to the growth of the food and beverage industry and the need for packaging that protects the food from contamination and spoilage. PVDC coated films are an effective way to protect food from bacteria, mold, and other contaminants. They are also impermeable to gases and moisture, which helps preserve the food's quality.
DURING THE FORECAST PERIOD, THE ASIA-PACIFIC WILL HAVE THE FASTEST GROWTH
PVDC coated films are witnessing rising demand from various end-use industries due to their chemical resistance, heat resistance, and transparency. North America is expected to account for the highest share in the global PVDC coated films market in 2021. The region is expected to grow at a CAGR of 5.5% during the forecast period. This growth can be attributed to the increasing demand from the food packaging and medical packaging industries.
The global PVDC coated films market is fragmented with a large number of players. Some of the key players in this market are LyondellBasell Industries N.V., Solvay SA, Asahi Kasei Corporation, and The Dow Chemical Company. These players are engaged in producing and marketing PVDC coated films globally.