In the United States, the PVDC-coated film market is thriving with a projected 2.2% CAGR, leveraging the country’s robust packaging sector. Key players are innovating high-quality film barriers, particularly in the medical packaging segment, enhancing product integrity and attracting consumer attention. This growth is further propelled by a burgeoning manufacturing sector, focusing on delivering lightweight and cost-effective packaging solutions with water-resistant technology.
Meanwhile, Canada anticipates a 3.3% CAGR, driven by heightened demand for PVDC-coated films in response to increased trade and transportation activities. The market flourishes as manufacturers collaborate globally, catering to consumer preferences with innovative packaging and meeting sustainability goals amid a surge in food sector demands.
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The global PVDC-coated film market is estimated to capture a valuation of US$ 9.6 billion in 2023 to reach up to US$ 13.1 billion by 2033. The global market is likely to register a CAGR of 3.1% during the forecast period.
Trends in the PVDC Coated Film Market
Eco-friendly Packaging: Consumers are looking for sustainable packaging materials for high-quality product protection, fueling the market trends. Manufacturers are exploring to satisfy consumers’ requirements by offering biodegradable PVDC coated films.
Advanced Barrier Coatings: The rising research and development activities are improving packaging solutions are increasing the demand for PVDC coated film. These films enhance moisture and protect from oxygen and environmental impacts.
Innovations: Manufacturers and key players bring innovative ideas to change packaging formats and offer eye-catching and user-friendly products to attract consumers. They are offering unique designs, shapes, and sizes of packaging solutions to boost sales.
Digital Printing Technology: The increasing demand for advanced digital printing solutions is enhancing the packaging sector. Manufacturers are designing compatible and high-quality solutions to improve personalized packaging designs.
Cost-effective Solutions: Consumers are looking for budget-friendly packaging solutions, and excellent barrier films are increasing the adoption of PVDC coated films.
Diversification Supply Chain: Manufacturers are expanding their reach by supplying a wide range of PVDC coated films to diverse applications around the globe.
E-commerce Packaging: The rapidly increasing e-commerce sector is surging the demand for PVDC coated films to ensure the quality and safety of products. E-commerce relies on the packaging of products to deliver to customers’ residences, increasing the demand for premium packaging solutions.
Regulations: Food & beverages and pharmacies are ensuring the safety of food items and medical products by accepting a variety of PVDC coated films. They are following stringent regulations to adopt high-quality materials for packaging solutions to maintain the quality of products.
Recycling: The increasing recycling process to reduce waste and improve environmental corrosion is driving the market growth.
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Key Takeaways:
- The PVDC coated film market is registering a CAGR of 3.1% between 2023 to 2033.
- The United States is expected to register a CAGR of 2.2% by dominating the global market by 2033.
- Canada is anticipated to capture a CAGR of 3.3% of the global market by 2033.
- India is anticipated to register a CAGR of 5.9% in the global market by 2033.
- China significantly drives the global market with a CAGR of 5.4%.
- With a CAGR of 4.8%, Thailand is rapidly advancing in the global market.
- The food sector is estimated to lead the global market during the forecast period.
Key Players are Bringing Lucrative Opportunities in the PVDC Coated Film Market
The global market is highly fragmented by numerous prominent players investing heavily in research and development. They are offering cost-effective and versatile products to their consumers to gain popularity in the market.
Key players are uplifting the global market through various marketing methodologies such as mergers, collaborations, product launches, agreements, and partnerships.
Key Payers Are:
- Mondi Group plc.
- Kureha Corporation
- Jindal Poly Films Limited
- Cosmo Films Ltd
- Bilcare Limited
- Glenroy, Inc.
- Vibac Group S.p.A.
- Innovia Films
- Polinas Corporate
- Klöckner Pentaplast
- CCL Industries Inc.
- CPH Chemie & Papier Holding AG
- SKC Co., Ltd
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Key Segmentations:
By Substrate Material:
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polyvinylchloride (PVC)
- Polypropylene (PP)
- Polyamide (PA)
By Application:
- Laminates
- Wraps
- Lidding Films
- Pouches & Bags
- Blisters
By End Use:
- Food
-
- Fruits & Vegetables
- Meat, Poultry & Seafood
- Bakery & Confectionery
- Ready-to-Eat
- Dairy Products
- Healthcare & Pharmaceuticals
- Cosmetics & Personal Care
- Others
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excl. Japan
- Japan
- The Middle East and Africa (MEA)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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