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Polyvinyl Alcohol (PVA) Films Market will generate admirable revenue by 2024

Author : Rahul Varpe | Published Date : 2019-06-12 

Robust growth indicators for insecticides, pesticides, fertilizers and other agrochemicals have intensified the need to inert packaging materials. Polyvinyl alcohol films market adoption as a packaging material for agrochemicals is expected to drive growth during the forecast period.

Rising consumer awareness to maintain a hygienic and clean environment is the key driving factor for detergent market. The hospitality industry including hotels, malls, food outlets, entertainment remain a large demand source for detergent powder to maintain a posh and attractive ambience for their customers, which translates in the packaging sector. Restrictions on materials used for packaging, and the awareness regarding the use of biodegradable materials for packaging has led to the boost in the global polyvinyl alcohol films market.

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According to a new research report by Global Market Insights, Inc. Polyvinyl Alcohol (PVA) Films Market size is set to exceed USD 9 billion by 2024.

Demographics, purchasing power and rise in disposable income has played a key role for the laundry and dry cleaning service industry. Laundry bags are made up of PVA films due to their easy disposable and water soluble nature. Eventually upsurge in laundry market will propel the water soluble PVA films market.

Polyvinyl alcohol films market application for electronic products such as LCD panels, cellphones, optical filters will remain strong. Electronic waste is a key concern that causes health issues due to their harmful radiations emissions. so, there is a need of an alternative biodegradable solution in these electronic products that has surged the polarized PVA films market in recent years.

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Demographics, purchasing power and rise in disposable income has played a key role for the laundry and dry cleaning service industry. Laundry bags are made up of PVA films due to their easy disposable and water soluble nature. Eventually upsurge in laundry market will propel the water soluble PVA films market.

Detergent packaging application segment of water soluble PVA films is forecast to account for maximum share of nearly 35% of all the applications segment. The upsurge in the demand for detergents in the hospitality, industrial, residential and commercial sector has bolster the PVA films market.

Global water soluble PVA films market share is consolidated in nature and is dominated by major companies like Monosol LLC, Sekisui Specialty Chemicals, Nippon Gohsei that accounts for nearly 65% of global market share. Other manufacturers in the market includes Aicello Chemicals, Jiangmen Proudly Water Soluble Plastic Co, Changzhou Water Soluble Co Ltd.

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Companies manufacturing polarized PVA films in the global market includes Kurray and Nippon Gohsei; while LCD panel applications are expected to remain dominant in the forecast period with a growth rate of 4.8%.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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