PVDC Coated Films Market

PVDC Coated Films Market Size (2023-2028)

PVDC Coated Films Market is predicted to rise from $ 2.9 billion in 2022 to $ 4.3 billion by 2028, at an annual development (CAGR) of 8.1% between 2023 and 2028.

Films coated with PVDC (polyvinylidene chloride) are employed as barriers to increasing the shelf life of the packaged product. PVDC-coated films limit the flow of oxygen and water vapor through the packaging. The high barrier properties of PVDC coating enable PVDC-coated films to be employed to package perishable food products to reduce waste along the value chain and improve product shelf life. PVDC-coated films are also known with the term as polyvinylidene chloride-coated films, which are plastic films coated with PVDC to escalate the shielding features of the film and decrease the film's permeability to oxygen and aroma. It is widely employed for packaging purposes in the food industry as it extends the shelf life of food within the packaging. The market is growing due to strong industry calls. The major characteristics provided by PVDC-coated films and acrylic-coated films result in their escalating employment in packaging uses which is a significant factor in this industry. However, the high cost of production slows the expansion of this market.

PVDC Coated Films Market Drivers and Restraints:

The main factor driving market expansion is the high barrier function of the PVDC coating that can be employed for food packaging to reduce waste in the supply chain and increase the shelf life of products. PVDC-coated films are employed to package food, pharmaceuticals, cosmetics, and personal items. The expansion of the food packaging industry is stimulating the market for PVDC-coated films. The escalating use of food packaging solutions such as films, bags and pouches, laminates, and packaging worldwide is predicted to drive PVDC-coated films during the foreseen period. The escalation in packaging for meat, poultry, and seafood is one of the significant drivers of the industry for PVDC-coated films in the nations of the Middle East and Africa (MEA). Makers across the globe are creating substitutes that have zero chlorine for packaging uses to decrease the effect on the environment. Makers take part in research works to create better substitutes for PVDC-coated films to escalate customer awareness and stringent government rules.

The growing call for PVDC-coated films in packaging due to their unique properties is an important factor that is predicted to stimulate expansion in the world market for PVDC-coated films during the foreseen period. Furthermore, the escalated call for PVDC-coated films in the pharmaceutical industry, due to the escalating call for blister packs, is another factor that should drive expansion in the target market in the coming years. Moreover, the rising choices for PVDC-coated films in other end-use businesses is a reason predicted to augment the expansion in this industry call. Nevertheless, the high price of raw materials is a reason that can be a reason to hinder the call for PVDC-coated films and slow expansion in the business throughout the foreseen period. The escalating adoption of PVDC-coated films in emerging economies due to rapid industrialization is a factor that is predicted to create a lucrative opportunity for the expansion of the worldwide PVDC-coated films market during the foreseen period.

PVDC COATED FILMS MARKET REPORT COVERAGE:

PVDC Coated Films Market Segmentation as per the research report until 2028.

PVDC Coated Films Market - By Film Type

• PP

• PET

• PVC

PVC films are increasingly employed in medicine packaging in the healthcare and personal care industries as they offer good barrier and heat seal properties.

PVDC Coated Films Market - By Coating Side

• Single

• Double

The one-sided segment is predicted to dominate the PVDC-coated film market during the conjecture period.

PVDC Coated Films Market - By Region

• North America PVDC Coated Films Industry includes the U.S, and Canada.

• Europe PVDC Coated Films Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific PVDC Coated Films Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America PVDC Coated Films Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa PVDC Coated Films Industry includes KSA, UAE, Israel, the rest of the GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the rest of MEA.

The Asia Pacific is a key market for PVDC-coated films that is experiencing maximum development Most of the manufacturers of PVDC-coated films in the region are constantly involved in product innovations. Manufacturers are adopting different expansion strategies to strengthen their position in the market. The region also has some of the leading manufacturers of acrylic-coated films, such as Jindal Poly Films Limited. In terms of volume and value, Asia-Pacific represented a dominant part of the worldwide PVDC-coated film market. China, India, and Japan have a significant market share in the region. Several huge makers of PVDC-coated films are located in the region of Asia-Pacific. The call for PVDC-coated films is predicted to escalate in the region throughout the foreseen period owing to escalated employment of these films in the healthcare businesses. China is a major contributor in terms of revenue in the target market during the foreseen period. The North American PVDC-coated film market is predicted to represent a significant share in terms of target market revenue during the foreseen period. The European market is predicted to grow at a moderate pace in the worldwide PVDC-coated film market during the foreseen period, followed by Latin America and the Middle East, and Africa, respectively.

PVDC Coated Films Market Key Players:

• Treofan Germany GmbH & Co. KG (Germany)
• Cosmo Films Ltd. (India)
• SKC, Inc. (the US)
• Vibac Group S.p.A. (Italy)
• Jindal Poly Films Limited (India)
• Perlen Packaging (Switzerland)
• Polinas (Turkey)
• Innovia Films (UK)
• SRF Limited (India)
• Toray Industries, Inc. (Japan)
• ACG Worldwide (India)
• Vacmet India Ltd. (India)
• and Transcendia Inc. Ltd (US)