Polyvinyl Alcohol (PVA) Films Market Size

Polyvinyl Alcohol Films Market Size

Polyvinyl Alcohol (PVA) Films Market size exceeded USD 290 Million, globally in 2019 and is estimated to grow at over 5.5% CAGR between 2020 and 2026, whereas polarizing application of PVA films market surpassed USD 7 billion in 2019.

Polyvinyl alcohol film is fully biocompatible, nontoxic and its waste does not produce any toxic or harmful by-products when digested or incinerated in the environment. These substances have good barrier properties to gases such as carbon dioxide, oxygen and nitrogen. Strong outlook in packaging of food, drugs, cosmetics and single-use packaging applications, such as detergents will foster the polyvinyl alcohol films market demand.

Comprehensive functional properties including outstanding heat-sealing, uniaxial tensile stress, and excellent adhesion to hydrophilic surfaces will drive the growth of polyvinyl alcohol films market. Also, salient features such as water solubility, chemical resistance and ease-of-use in applications such as agrochemical and detergent wrapping will boost their usage globally.
 

Rising consumer awareness regarding cleaning and maintaining a hygienic atmosphere in their surrounding has led to an increase in the usage of detergents and laundry bags. Moreover, upsurge in utilization of detergents by hospitality industries such as hotels, resorts, amphitheaters, and entertainment industry is anticipated to increase PVA films demand.
 

Stringent government regulations restricting the use of synthetic packaging materials has urged numerous packaging companies to switch towards biodegradable items such as polyvinyl alcohol film. Market profitability may get effected due to the availability of substitutes and fluctuating petrochemical prices responsible for the unstable PVA film prices. Increased public efforts to promote sustainable & green packaging will fuel the polyvinyl alcohol films market growth.