Market Size of Polyvinyl Alcohol (PVA) Films Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Polyvinyl Alcohol (PVA) Films Market Analysis
The Global Polyvinyl Alcohol (PVA) Films Market is projected to register a CAGR of over 4% during the forecast period (2021-2026).
The COVID-19 pandemic has had a negative impact on the market for polyvinyl alcohol films. Because of nationwide lockdowns, strict social distancing measures, and disrupted supply chains, most electronics part production facilities have been halted mainly due to logistics slowdowns and workforce unavailability around the world. On the other hand, various e-commerce companies have stopped shipping non-essential items (including most electronics), which is affecting the electronics industry and, as a result, increasing demand for PVA films in the market.
- Over the medium term, the major factors driving the market demand for polyvinyl alcohol films are the growing demand for single-use detergent packaging and increasing government policies. Also, the shift toward eco-friendly materials is likely to drive the market.
- On the flip side, higher costs of PVA films and limited applications are expected to hinder the market growth.
- Asia-Pacific represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.
