세계의 폴리비닐알코올(PVA) 필름 시장(2024-2031년)

Market Overview

Global Polyvinyl Alcohol (PVA) Films Market reached US$ 429.0 million in 2023 and is expected to reach US$ 720.7 billion by 2031, growing with a CAGR of 6.7% during the forecast period 2024-2031.

The increasing demand for green and sustainable packaging options is a key factor. There is a movement toward biodegradable and compostable materials due to increased environmental concerns and strict limitations on the use of plastic. Because PVA films are water-soluble and biodegradable, they are becoming a more appealing option to conventional plastic films, particularly in the food and beverage, pharmaceutical and personal care sectors.

PVA film manufacturing improvements and technological breakthroughs are driving industry expansion. PVA film manufacturers are spending money on R&D to enhance the material's qualities and functionality, which will increase its applicability for a variety of uses. The developments broaden the possible applications of PVA films across sectors by improving film strength, barrier qualities and compatibility with different additives.

Asia-Pacific is among the growing regions in the global polyvinyl alcohol films market covering more than 1/3rd of the market. PVA films are becoming a more popular choice for packaging in various areas due to their adaptable qualities and green credentials. PVA films are in high demand for packaging applications because of the growing middle class and rising disposable incomes in the region, which are driving consumer trends toward convenience and single-use products.

Market Dynamics

Rising Concern about Sustainability

The polymers that degrade naturally and don't include halogens like chlorine and polyvinyl alcohol films are utilized in detergent single-use packaging. Polyvinyl alcohol films don't break down into harmful compounds like popular plastic films. The manufacturing of laundry bags, which offer a biodegradable and water-soluble way to retain soiled or contaminated clothing while doing laundry, is another use for PVA films.

For Instance, in 2023, The production facility for polymer dispersions was expanded by the multinational chemical firm BASF SE in Merak, Indonesia. Major paper and board producers are based in the ASEAN and their expansion helps meet the rising demand for luxury packaging. The expansion strengthens BASF's standing as the industry leader and a reliable source.

Growing Demand for Water-based and Biodegradable Products

The market for polyvinyl alcohol (PVA) films has been significantly influenced by the increased demand for biodegradable goods, which has led producers to introduce sustainable substitutes. Sustainable packaging options are becoming increasingly popular as globally plastic usage rules tighten and customers grow more ecologically conscientious. Because PVA films are water-soluble and biodegradable, they present a compelling substitute for conventional plastic films, particularly in industries where single-use packaging is common, such as food and medicine packaging.

For instance, Bioplastics International reduced the demand for fossil fuels in September 2022 by developing the first water-soluble PVA manufactured from sugar cane alcohol. Additionally, Cortec introduced EcoSol in May 2022; EcoSol makes applying products exceedingly easy by only dumping the bag or pouch into the desired spot and allowing water to break down the PVA film and release its contents.

Low Resistance to Heat

High temperatures can cause low heat resistance materials to melt, deform or deteriorate, which can lead to structural collapse or loss of functionality. It cannot be utilized in some industrial processes, automotive parts or aerospace equipment where high-temperature performance is essential because of this constraint. The restriction of restricted heat resistance may also affect the safety of goods and systems.

For instance, electrical components made of materials with low heat resistance may catch fire when exposed to high temperatures due to electrical currents or outside influences. Because limited heat resistance materials might leak harmful substances or deform when subjected to severe heat, they cannot be used for cooking or microwave heating applications in the food packaging and cookware sectors.

Volatility in Raw Material Prices

PVA producers have significant difficulty due to the fluctuations in raw material pricing. Acetic acid and vinyl acetate monomer (VAM), two basic ingredients used to produce PVA films, are prone to price volatility because of supply and demand dynamics, geopolitical unrest and currency exchange rates, among other causes.

Prices for raw materials might suddenly rise, which can have a big effect on PVA film manufacturing costs and reduce producers' profit margins. Market expansion is also hindered by the insecurity of raw material pricing, which makes it difficult for businesses to predict manufacturing costs and stay profitable precisely.

Segment Analysis

The global polyvinyl alcohol films market is segmented based on type, grade, application and region.

Rising Demand for Partially Hydrolyzed in the Variety of Applications

The Partially Hydrolyzed segment is among the growing regions in the global polyvinyl alcohol films market covering more than 1/3rd of the market. The adaptability of partly hydrolyzed polyvinyl alcohol (PVA) films, which makes them appropriate for a variety of applications across sectors including packaging, textiles and electronics, is driving their expansion in the global market.

The films have exceptional compatibility with a broad variety of additives, water solubility and biodegradability, enabling tailored solutions to satisfy particular performance needs. In addition, partly hydrolyzed PVA films have excellent flexibility, chemical resistance and tensile strength, which makes them perfect for a variety of end applications.

Geographical Penetration

Growing Demand for Polyvinyl Alcohol Films in the Production Facility in Asia-Pacific

Asia-Pacific has been a dominant force in the global polyvinyl alcohol films market. PVA films are in high demand for packaging applications because of the growing middle class and rising disposable incomes in the area, which are driving consumer trends toward convenience and single-use goods. PVA films are becoming a more appealing option to traditional plastic films since they are water-soluble and biodegradable.

The market for polyvinyl alcohol (PVA) films is expanding significantly in the Asia-Pacific as a result of the region's fast industrialization and urbanization, which has raised the demand for packaging materials in some industries, including food and beverage, pharmaceuticals and personal care. China, India and Japan are among those countries. PVA films are becoming a more popular choice for packaging in various areas due to their adaptable qualities and green credentials.

For Instance, in 2020, Kuraray Co., Ltd. established a new production facility for MonoSol in Poland to meet the growing demand for PVA water-soluble films. The expansion responds to the increasing need for packaging films, especially for unit-dose detergents, pharmaceuticals and other products. The global market for PVA water-soluble films is expanding rapidly across various sectors such as cosmetics, foods, agrochemicals and pharmaceuticals, with continued growth anticipated in the future.

COVID-19 Impact Analysis

The market for polyvinyl alcohol (PVA) films has been significantly impacted by the COVID-19 epidemic. Widespread disruptions in production processes, supply networks and consumer demand were caused by the pandemic in some companies, including those that depend on PVA films. Several nations enforced stringent lockdown protocols in the early phases of the pandemic to stem the virus's spread, resulting in the temporary shutdown of production plants and disruptions to transportation and logistical systems.

The disturbances caused production plans to be delayed and made it more difficult to provide PVA films to end customers, particularly in sectors like electronics, packaging and textiles. The pandemic's economic collapse also resulted in a decrease in consumer spending power and a decrease in the demand for non-essential items, which had an additional effect on the usage of PVA films in a variety of applications.

A decrease in demand for PVA films was observed in some areas, such as food packaging for restaurants and hospitality, while other sectors, such as pharmaceutical packaging, saw an increase in demand owing to the increased focus on healthcare items and drug delivery systems. The PVA films market's development prospects were also impacted by the cost-cutting measures that many firms adopted, such as delaying investments and expansion plans, due to the uncertainty regarding the pandemic's duration and severity.

The market for PVA films is anticipated to increase as the world economy progressively recovers from the pandemic, propelled by rising industrial activity, the start of construction projects and an increase in consumer expenditure. The pandemic's long-term effects on supply chain dynamics, customer behavior and regulatory regulations, however, are yet unknown and might still have an impact on how quickly the global PVA film industry grows in the years after the pandemic has ended.

Russia-Ukraine War Impact Analysis

The increased war between Russia and Ukraine may have some effects on the world market for polyvinyl alcohol (PVA) films. Russia and Ukraine are major participants in the chemical sector, producing raw ingredients that are utilized in producing PVA film. A disruption in the supply chain brought on by trade restrictions, logistical difficulties or damage to the region's infrastructure might result in shortages of essential ingredients, which would lower the capacity of PVA film producers all over the world.

Further affecting the profitability and competitiveness of PVA film makers might be geopolitical conflicts that create uncertainty in international markets, resulting in changes in raw material pricing and currency exchange rates. Additionally, the war could force producers to restructure their supply chains and look for different sources for manufacturing sites and raw materials, which might change the dynamics of the world market for PVA films.

Furthermore, investor confidence and consumer demand in impacted countries may be undermined by the unpredictability surrounding the conflict, slowing market growth. All things considered, the Russia-Ukraine war has the potential to upset the world supply chain and pose difficulties for the PVA films market in the months ahead, even though the full scope of the effects are yet unknown.

Key Developments

On February 13, 2020, Kuraray Co., Ltd. established a new production facility for MonoSol in Poland to meet the growing demand for PVA water-soluble films. The expansion responds to the increasing need for packaging films, especially for unit-dose detergents, pharmaceuticals and other products. The global market for PVA water-soluble films is expanding rapidly across various sectors such as cosmetics, foods, agrochemicals and pharmaceuticals, with continued growth anticipated in the future.

On September 21, 2022, Bioplastics International developed the first water-soluble polyvinyl alcohol (PVA) made from sugar cane alcohol, which is a non-fossil fuel. The development reduces the use of fossil fuels and aims to replace plastics. The water-soluble PVA film is toxin-free, dissolves in water in minutes and has no plastics. Bioplastics International has a pending US patent for this development.

On January 17, 2023, The production facility for polymer dispersions was expanded by the multinational chemical firm BASF SE in Merak, Indonesia. Major paper and board producers are based in the ASEAN and their expansion helps meet the rising demand for luxury packaging. The expansion strengthens BASF's standing as the industry leader and a reliable source.

Competitive Landscape

The major global players in the market include Aicello Corporation, Huizhou RD Plastic Co.,Ltd, Arrow GreenTech Ltd., Mitsubishi Chemical Group Corporation, Kuraray Co., Ltd., Cortec Packaging, Sekisui Chemical Co., Ltd., Chang Chun Group, Dow and Anhui Wanwei Group Co.,Ltd.

Table of Contents

Table of Contents

1.Methodology and Scope

• 1.1.Research Methodology
• 1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

• 3.1.Snippet by Type
• 3.2.Snippet by Grade
• 3.3.Snippet by Application
• 3.4.Snippet by Region

4.Dynamics

• 4.1.Impacting Factors
  • 4.1.1.Drivers
    • 4.1.1.1.Rising Concern about Sustainability
    • 4.1.1.2.Growing Demand for Water-based and Biodegradable Products
  • 4.1.2.Restraints
    • 4.1.2.1.Low Resistance to Heat
    • 4.1.2.2.Volatility in Raw Material Prices
  • 4.1.3.Impact Analysis

5.Industry Analysis

• 5.1.Porter's Five Force Analysis
• 5.2.Supply Chain Analysis
• 5.3.Pricing Analysis
• 5.4.Regulatory Analysis
• 5.5.Russia-Ukraine War Impact Analysis
• 5.6.DMI Opinion

6.COVID-19 Analysis

• 6.1.Analysis of COVID-19
  • 6.1.1.Scenario Before COVID-19
  • 6.1.2.Scenario During COVID-19
  • 6.1.3.Scenario Post COVID-19
• 6.2.Pricing Dynamics Amid COVID-19
• 6.3.Demand-Supply Spectrum
• 6.4.Government Initiatives Related to the Market During Pandemic
• 6.5.Manufacturers Strategic Initiatives
• 6.6.Conclusion

7.By Type

• 7.1.Introduction
  • 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 7.1.2.Market Attractiveness Index, By Type
• 7.2.Water-Soluble PVA Films*
  • 7.2.1.Introduction
  • 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3.Polarizing PVA Films
• 7.4.Non-Polarizing PVA Films

8.By Grade

• 8.1.Introduction
  • 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  • 8.1.2.Market Attractiveness Index, By Grade
• 8.2.Fully Hydrolyzed*
  • 8.2.1.Introduction
  • 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3.Partially Hydrolyzed
• 8.4.Sub-Partially Hydrolyzed
• 8.5.Low Foaming Grade

9.By Application

• 9.1.Introduction
  • 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.1.2.Market Attractiveness Index, By Application
• 9.2.Detergent Packaging*
  • 9.2.1.Introduction
  • 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3.Food Packaging
• 9.4.Industrial Detergent
• 9.5.Consumer Detergent
• 9.6.Agrochemical Packaging
• 9.7.Laundry Bags
• 9.8.Embroidery
• 9.9.Others

10.By Region

• 10.1.Introduction
  • 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 10.1.2.Market Attractiveness Index, By Region
• 10.2.North America
  • 10.2.1.Introduction
  • 10.2.2.Key Region-Specific Dynamics
  • 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  • 10.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.2.6.1.U.S.
    • 10.2.6.2.Canada
    • 10.2.6.3.Mexico
• 10.3.Europe
  • 10.3.1.Introduction
  • 10.3.2.Key Region-Specific Dynamics
  • 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  • 10.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.3.6.1.Germany
    • 10.3.6.2.UK
    • 10.3.6.3.France
    • 10.3.6.4.Russia
    • 10.3.6.5.Spain
    • 10.3.6.6.Rest of Europe
• 10.4.South America
  • 10.4.1.Introduction
  • 10.4.2.Key Region-Specific Dynamics
  • 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  • 10.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.4.6.1.Brazil
    • 10.4.6.2.Argentina
    • 10.4.6.3.Rest of South America
• 10.5.Asia-Pacific
  • 10.5.1.Introduction
  • 10.5.2.Key Region-Specific Dynamics
  • 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  • 10.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.5.6.1.China
    • 10.5.6.2.India
    • 10.5.6.3.Japan
    • 10.5.6.4.Australia
    • 10.5.6.5.Rest of Asia-Pacific
• 10.6.Middle East and Africa
  • 10.6.1.Introduction
  • 10.6.2.Key Region-Specific Dynamics
  • 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  • 10.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

11.Competitive Landscape

• 11.1.Competitive Scenario
• 11.2.Market Positioning/Share Analysis
• 11.3.Mergers and Acquisitions Analysis

12.Company Profiles

• 12.1.Aicello Corporation*
  • 12.1.1.Company Overview
  • 12.1.2.Product Portfolio and Description
  • 12.1.3.Financial Overview
  • 12.1.4.Key Developments
• 12.2.Huizhou RD Plastic Co.,Ltd
• 12.3.Arrow GreenTech Ltd.
• 12.4.Mitsubishi Chemical Group Corporation
• 12.5.Kuraray Co., Ltd.
• 12.6.Cortec Packaging
• 12.7.Sekisui Chemical Co., Ltd.
• 12.8.Chang Chun Group
• 12.9.Dow
• 12.10.Anhui Wanwei Group Co.,Ltd

LIST NOT EXHAUSTIVE

13.Appendix

• 13.1.About Us and Services
• 13.2.Contact Us