The global PVDC coated film marketis 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.
The pharmaceutical sector is witnessing a growing demand for PVDC coated films in packaging various medications like capsules, tablets, and other medicines. These films play a crucial role in reducing environmental corrosion, ensuring the integrity and efficacy of the pharmaceutical products throughout their shelf life.
By providing a protective barrier against environmental factors such as moisture, oxygen, and light, PVDC coated films help maintain the quality and stability of medicines, thus contributing to patient safety and regulatory compliance. As pharmaceutical companies prioritize the preservation of product quality and safety, the adoption of PVDC coated films continues to increase, driving innovation and growth in the pharmaceutical packaging industry.
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“The packaging industry is maintaining its standards by offering high-quality packaging solutions to end users. They are protecting the environment through their advanced technologies to recycle and reuse packaging products with advanced material usage,” says an FMI Analyst.
Key Takeaways:
- The PVDC coated film marketis 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.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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