Market Size of Polyvinylidene Chloride (PVDC) Coated Films Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.54 Billion |
Market Size (2029) | USD 1.78 Billion |
CAGR (2024 - 2029) | 3.04 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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PVDC Coated Films Market Analysis
The Polyvinylidene Chloride Coated Films Market size is estimated at USD 1.54 billion in 2024, and is expected to reach USD 1.78 billion by 2029, growing at a CAGR of 3.04% during the forecast period (2024-2029).
In 2020, COVID-19 had a detrimental effect on the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The major factors driving the market studied are the growing processed food industry and the increasing demand for PVDC-coated films in food packaging.
- On the other hand, the availability of substitutes is expected to hinder the growth of the market during the forecast period.
- Developing new technologies to recycle film structures involving PVDC is expected to offer various lucrative opportunities for market growth.
- Asia-Pacific is expected to dominate the global market, with the largest consumption coming from China, Japan, and India.