The polyvinyl chloride (PVC) packaging film market is on the threshold of USD 13.7 billion at the beginning of 2024. As per the latest FMI projections in the updated market report, the industry is stretching at a relatively higher CAGR of 2.40% from 2024 to 2034 than the previous assessment period.
As industry players continue to strategize to meet the ascending PVC packaging film demand, incremental gains of USD 17.3 billion projected for 2034 fuel their growth efforts.
Top Trends that are Pushing Sales in the PVC Packaging Market
| Attributes | Key Insights |
|---|---|
| Polyvinyl Chloride (PVC) Packaging Film Market Size (2024E) | USD 13.7 billion |
| Market Valuation (2034F) | USD 17.3 billion |
| Value-based CAGR (2024 to 2034) | 2.40% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The non-biodegradability of PVC packaging films is a key barrier for market players. Growing environmental concerns and the resultant creation of alternatives are threatening stakeholders in the PVC packaging film industry.
Players in the industry are sustaining their growth by highlighting to their customers the recyclability of PVC packaging. Additionally, players are developing PVC films from recycled sources to reduce waste and optimize the use of already available resources.
| Leading Product Type | Pouches |
|---|---|
| Value Share (2024) | 24.70% |
Based on product type, the pouches segment is set to potentially acquire a 24.7% share of the market.
| Leading End Use | Food |
|---|---|
| Value Share (2024) | 33.90% |
Current projections of the PVC packaging film market indicate a value share of 33.9% for the food sector.
Principal Consultant
| Countries | Forecast CAGR (2024 to 2034) |
|---|---|
| United States | 1.50% |
| Spain | 2.20% |
| India | 5.90% |
| China | 5.0% |
| South Korea | 2.20% |
The polyvinyl chloride (PVC) packaging film market in the United States to rise at a 1.5% CAGR over the forecast period. Demand for PVC packaging film is running parallel to the increasing food industry in the country. Food deliveries and even dining create a significant demand for food packaging like bags and sacks, wraps/ rolls, tapes and labels, etc. PVC packaging film manufacturers are thus launching new or revised product packaging models to meet the surging demand for food packaging.
The burgeoning PVC packaging film market in India to assume a stellar CAGR of 5.9% over the course of the forecast period. A key driver for the sales of PVC packaging films in the country is the increasing adoption of flexible plastic packaging. Manufacturers and suppliers of PVC packaging films are finding significant prospects for business in the Indian economy, thanks to the rapidly growing food and beverage sector in the country.
PVC sheets are quite extensively used across other sectors as well, extending to government and residential sectors. Players are seizing the emerging opportunities in the country with consistent quality work. They are going the extra mile to customize their offerings as per customers' specifications to impress the brand’s identity in customers’ minds.
Production and application of PVC packaging films in China to exhibit a 5% CAGR over the next 10 years. Surging demand for plastic food and beverage packaging is contributing to the industry growth. Wholesale suppliers of PVC packaging films are competing for more customers by selling their products at competitive price points to customers. Additionally, players are offering their products online to reach global customers.
The PVC packaging film industry is slated to expand at a 2.2% CAGR over the forecast period. PVC packaging film merchants are offering products designed for the packaging, industrial, and electrical packaging industries. Continuous demand for flexible packaging is propelling market growth.
Players are further stepping up the production game, to meet the consumer demands in other regions as well, including Europe and the Middle East. Industry participants are further focusing on obtaining FDA certification to increase their adoption among food and beverage players.
The ascent of Chinese rivals in the industrial film business is, however, forcing industrial film operations to be reduced or phased out in the country.
Spain to expand at a CAGR of 2.2% in the PVC packaging film industry in due course. Increasing sales of personal care and home care products among people residing in Spain is backing the PVC packaging film in the country. Continuous sales of essential consumer goods are another aspect that is pushing the packaging film business growth.
Players are expanding their territory by buying Spanish packaging distributors to accelerate their sales of PVC packaging films, packaging machines, and plastic containers. An additional strategic approach followed by market players is providing PVC films with customized dimensions to be used for domestic and professional purposes.
Key players are investing in technologically advanced machinery to design and manufacture superior-quality PVC packaging films for their customers. Industry participants are elevating their manufacturing capabilities rapidly to adjust to demands in this market. Players are further expanding their operations via acquisitions to increase their brand visibility.
Market contenders are following strict quality standards to manufacture PVC flexible sheets to export to other countries. They continuously monitor the functionality and quality of their offerings to ensure there are no discrepancies.
PVC sheets and films are extensively utilized in decorative, toys, plastic shower curtains, electrical tape, protective film, raincoats, etc. Fellow players are thus ensuring that their technology is in tandem with continuously changing customer requirements.
Stakeholders are offering their products at competitive prices. A comprehensive range of PVC sheets and rolls in an affordable price range makes an unbeatable offer for customers.
Latest News that is Shaping the Global Market
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Current projections of PVC packaging film market indicate a valuation of USD 13.7 billion in 2024.
Looking ahead to 2034, the current forecast projects a CAGR of 2.4% for PVC packaging film industry.
FMI predicts lucrative opportunities worth USD 17.3 billion by the year 2034.
Pouches account for a significant market share in the forecast period.
India is predicted to be an investment hotspot for investors and stakeholders.
Berry Global Group, Plastatech, and Achilles USA are powerful players in the polyvinyl chloride (PVC) packaging film industry.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging Level 5.1. Primary Packaging 5.2. Secondary Packaging 5.3. Tertiary Packaging 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 6.1. Pouches 6.2. Bags & Sacks 6.3. Tubes 6.4. Liners 6.5. Sachets & Stick Packs 6.6. Tapes & Labels 6.7. Wraps/Rolls 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Food 7.2. Beverages 7.3. Homecare 7.4. Personal Care 7.5. Healthcare 7.6. Electrical & Electronics 7.7. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Berry Global Group 18.2. Plastatech 18.3. Achilles USA 18.4. NanYa Plastics Corporation USA 18.5. Grafix Plastics 18.6. Adams Plastics 18.7. Caprihans India Limited 18.8. Plastic Film Corporation 18.9. Walton Plastics 18.10. Tekra, LLC 18.11. Jindal Chemical 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Packaging Insights
View Reports
Polyvinyl Chloride (PVC) Packaging Film Market
