The global Polyvinyl Alcohol (PVA) market size reached USD 998.21 million in 2022 and is expected to register a revenue CAGR of 6.2% during the forecast period, according to latest analysis by Emergen Research. Rising demand for PVA in the packaging industry is a major factor contributing to revenue growth of the market. Polyvinyl Alcohol (PVA) has high strength, transparency, and water-solubility which make it suitable for use in various packaging applications such as food packaging, medical pharmaceutical packaging, and eco-friendly packaging. Many Fast-Moving Consumer Goods (FMCG) companies are significantly procuring Polyvinyl Alcohol (PVA) for packaging food and beverage products. Consumer awareness regarding sustainable product packaging further accelerates revenue growth of the market. In April 2022, Shiseido, a Japanese multinational cosmetics firm, adopted environmentally friendly and sustainable product packaging for consumers. Shiseido has used Polyvinyl Alcohol (PVA), starch, and glycerin in its eco-friendly clear bag packaging. These innovative product development tactics are increasing market expansion.
The Global Polyvinyl Alcohol Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @https://www.emergenresearch.com/request-sample/1698
The leading market contenders listed in the report are:
BASF SE, Dow Chemical Company, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Merck KGaA, Nouryon Chemicals Holding B.V., Kuraray Europe GmbH, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Sekisui Specialty Chemicals America, LLC, Hanwha Solutions Chemical Division Corporation, Liwei Chemical Co. Ltd, SNP, Inc. and among others
Some Key Highlights From the Report
- The partially hydrolyzed segment accounted for the largest revenue share in 2022. Polyvinyl Alcohol (PVA) that has undergone partial hydrolysis is increasingly in demand across industries due to its advantageous properties such as strong bonding, excellent film-forming capability, and water solubility, making it a fit choice for various industrial uses such as paper and pulp, textiles, construction, and others.
- The food packaging segment accounted for the largest revenue share in 2022. Polyvinyl Alcohol (PVA) is utilized extensively as a food packaging material due to its biodegradability, non-toxicity, ease of processing with water, high tensile strength, and good film-forming properties. The rising demand for environmentally friendly packaging options and heightened consumer awareness about food safety are driving the growth of this sector.
- The packaging segment accounted for the largest revenue share in 2022. Polyvinyl Alcohol (PVA) plays an important role in producing packaging products. Its ability to be molded into different shapes and sizes, as well as being combined with other materials to improve performance, make it a versatile material. Its use in food packaging is popular due to its moisture resistance, extending the shelf life of food. The need for safe and non-toxic packaging solutions is driving revenue growth of the Polyvinyl Alcohol (PVA) market.
- The Polyvinyl Alcohol (PVA) market in Asia Pacific accounted for the largest revenue share in 2022. Significant demand for Polyvinyl Alcohol (PVA) in the packaging industry is driving market growth in this region. The Asia Pacific region is a major center for the production of Fast-Moving Consumer Goods (FMCG) and consumer durable products. Many industries are significantly utilizing PVA to manufacture packaging materials.
- In August 2020, Wacker Chemie AG, a German multinational chemical company, partnered with H.M. Royal, Inc. to accelerate the production and distribution of Liquid Silicone Rubber (LSR) and High Consistency Rubber (HCR) specifically designed and developed for medical use. The partnership aims to increase the output of the Silpuran product line, which comprises a broad selection of High Consistency Rubber (HCRs) and Liquid Silicone Rubber (LSRs) and provides a comprehensive solution to meet the needs of various industries that use silicone rubber in their processes.
Key reasons to buy the Global Polyvinyl Alcohol Market report:
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The latest report comprehensively studies the global Polyvinyl Alcohol market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Market Segmentations of the Polyvinyl Alcohol Market
Grade Outlook (Revenue, USD Million; 2019-2032)
- Partially hydrolyzed
- Fully hydrolyzed
Application Outlook (Revenue, USD Million; 2019-2032)
- Food packaging
- Detergent Packaging
- Agrochemical packaging
- Laundry bags
- Embroidery
- Others
End-Use Outlook (Revenue, USD Million; 2019-2032)
- Packaging
- Textile
- Paper and Pulp
- Pharma and Medical
- Adhesives
- Construction
- Others
Regional Outlook of the Polyvinyl Alcohol Market
The global Polyvinyl Alcohol market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Polyvinyl Alcohol market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
- What will be the growth rate of the Polyvinyl Alcohol market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Polyvinyl Alcohol market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Polyvinyl Alcohol market for the forecast period, 2022 to 2030?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
Thank you for reading our report. For further queries, please connect with us, and our team will provide you the report best suited to your requirements.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
