Global PVDC Coated Films Market Overview
PVDC Coated Films Market accounted for USD 1.7 Billion in 2022 and is estimated to be USD 3.7 Billion by 2032 and is anticipated to register a CAGR of 7.7%.
PVDC i.e. polyvinylidene chloride coated films, is a plastic film coated with PVDC used for increasing the barrier properties of the film and reducing the permeability of the film to oxygen and aroma. Owing to its high barrier properties, PVDC coated films are used in the packaging of perishable food products to increase their shelf life and reduce wastage taking place across the value chain. Therefore, PVDC coated films are widely used in the packaging of food, pharmaceuticals and cosmetics & personal care products.
Growing demand for PVDC coated films in pharmaceutical industry, due to growing demand for blister packaging, is major factor expected to drive growth of the global PVDC coated film market. Rising usage of food packaging solutions such as pouches & bags, lidding films, laminates and wraps in the emerging economies across the globe is anticipated to further propel the growth of PVDC coated films market in coming years.
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Attributes |
Details |
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PVDC Coated Films Market Value (2022) |
US$ 1.7Bn |
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PVDC Coated Films Market Projected Value (2032) |
US$ 3.7Bn |
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PVDC Coated Films Market CAGR (2022 – 2032) |
7.7% |
Global PVDC Coated Films Market Drivers & Restraints
Growing demand for PVDC coating films from end-user industries
Growing demand for PVDC coated films in pharmaceutical industry, due to growing demand for blister packaging, is major factor expected to drive growth of the global PVDC coated film market. Increasing preference of PVDC coated films in other end-use industries such as food & beverage, construction, and cosmetic & personal care, is another major factor estimated to drive growth of the PVDC coated films market. Rising usage of food packaging solutions such as pouches & bags, lidding films, laminates and wraps in the emerging economies across the globe is anticipated to further propel the growth of PVDC coated films market. In addition, PVDC coated films have low carbon dioxide emission levels as compared to other high barrier films and contribute to the prevention of global warming. This environment friendly feature boosts the growth of the global PVDC coated films market. Moreover, PVDC coated films are also low-impact materials and facilitate lower consumption of energy, subsequently contributing to energy conservation. This factor fuels the growth of the PVDC coated films market.
Restrains:
However, high cost of raw materials is a factor which inhibit the demand for PVDC coated films and restrains growth of the PVDC Coated Films Market.
Global PVDC Coated Films Market Segmentations & Regional Insights
PVDC Coated Films Market is segmented based on Film Type, Coating Side, Application, End-User and Region.
Film Type Insight
On the basis of Film Type, PVDC Coated Films Market is segmented into PP, PVC, and PET.
Coating Side Insights
On the basis of Coating Side, PVDC Coated Films Market is segmented into Single and Double.
Application Insights
On the basis of Application, PVDC Coated Films Market is segmented into Packaging, Lamination, Labelling, and Others. Packaging segment is expected to dominate the target market growth because PVDC offers excellent barrier to gas, oxygen and aroma which makes them useful in packaging food and other products such as wafers, biscuits, cheese, meat and drugs.
End-User Insights
On the basis of End-User, PVDC Coated Films Market is segmented into Health & Personal Care, and Food & Beverage. Food & Beverage segment is expected to dominate the target market growth due to growing food industries and demand for packed and frozen foods.
Regional Insights:
On region the PVDC Coated Films Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period due to rising demand for PVDC coated films in cosmetics, construction, pharmaceutical, and other end-use industries attributed with rapid industrialization. Moreover, growing economic status, rapid growth in food & beverage industries which increase demand for shelf life of food products is anticipated to increase demand for PVDC Coated Films market in the region.
North America PVDC coated films market is expected to account for significant share in terms of revenue in the PVDC coated films market over the forecast period. In the developed economies such as the U.S. market, the established pharmaceuticals market propels the growth of PVDC coated films market.
The market in Europe is estimated to grow at a moderate rate in the PVDC coated films market over the forecast period followed by Latin America and Middle East & Africa respectively.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Film Type - PP, PVC, and PET By Coating Side - Single and Double By Application - Packaging, Lamination, Labelling, and Others By End-User - Health & Personal Care and Food & Beverage |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the PVDC Coated Films Market report based on Film Type, Coating Side, Application, End-User and Region.
PVDC Coated Films Market, By Film Type:
- PP (Polypropylene)
- PVC (Polyvinyl Chloride)
- PET (Polyethylene Terephthalate)
PVDC Coated Films Market, By Coating Side:
- Single
- Double
PVDC Coated Films Market, By Application:
- Packaging
- Lamination
- Labelling
- Others
PVDC Coated Films Market, By End-User:
- Health & Personal Care
- Food & Beverage
PVDC Coated Films Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global PVDC Coated Films Market Competitive Landscape & Key Players
- Treofan Germany GmbH & Co. Kg
- Cosmo Films Ltd.
- SKC Inc.
- Vibac Group S.P.A.
- Jindal Poly Films Ltd.
- Polinas
- Innovia Films
- SRF Limited
- Toray Industries Inc.
- Transcendia Inc.
Global PVDC Coated Films Market Company Profile
- Treofan Germany GmbH & Co. Kg
- Cosmo Films Ltd.
- SKC Inc.
- Vibac Group S.P.A.
- Jindal Poly Films Ltd.
- Polinas
- Innovia Films
- SRF Limited
- Toray Industries Inc.
- Transcendia Inc.
Recent Development:
- In February 2021, Sudpack acquired LPF Flexible Packaging a high barrier film producer which serves packaging markets for pharmaceuticals, food and technical products. This acquisition will help Sudpack to expand its portfolio of services for producing high performance laminated films for various applications and to strengthen its position in market.
- In October 2018, Klockner Pentaplast launched new ultra-high barrier PVdC film “Pentapharm alfoil ET SG”. New launched PVDC product is featured with advanced oxygen and moisture barrier properties and expanded the company’s portfolio of high blister packaging for high barrier market.
Global PVDC Coated Films Market Highlights
FAQs
The PVDC Coated Films Market is segmented into Film Type, Coating Side, Application, End-User and Region.
PVDC Coated Films Market is driven by factors like growing demand for PVDC coating films from end-user industries.
By region, the PVDC Coated Films market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the PVDC Coated Films Market includes, Treofan Germany GmbH & Co. Kg, Cosmo Films Ltd., SKC Inc., Vibac Group S.P.A., Jindal Poly Films Ltd., Polinas, Innovia Films, SRF Limited, Toray Industries Inc., Transcendia Inc., and others.
PVDC Coated Films Market accounted for US$ 1.7 billion in 2022 and is estimated to be US$ 3.7 billion by 2032 and is anticipated to register a CAGR of 7.7%.