The global PVDC Coated Film Market is predicted to capture a valuation of USD 9.6 billion in 2023 to reach up to USD 13.1 billion by 2033. The global market is estimated to secure a CAGR of 3.1% during the forecast period.
| Attributes | Details |
|---|---|
| PVDC Coated Film Market Size, 2023 | USD 9.6 billion |
| PVDC Coated Film Market Size, 2033 | USD 13.1 billion |
| Value-based CAGR from 2023 to 2033 | 3.1% |
Key Aspects Drive the PVDC Coated Film Market
Barrier Properties: Consumers are increasing the demand for PVDC coated film to provide moisture barrier properties and outstanding oxygen. These films offer protection during packaging goods against moisture to reduce contamination in the air.
Extent Shelf Life: The manufacturing sector is rapidly adopting PVDC coated films to support packaging goods with superior protection. These films reduce the wastage of food and beverages and attract end users' demand.
Aesthetic Appeal: Consumers are increasing the demand for premium packaging for gloss, print-ability, and clarity of goods are driving the market growth.
Pharmaceutical Packaging: The demand for PVCD coated films is growing in the pharmaceutical sector for packaging capsules, tablets, and other medicines to reduce environmental corrosion.
Environmental Concerns: Consumers are concerned about environmental issues and are increasing the demand for PVDC coated films for sustainable alternatives. Manufacturers are developing innovative and smart PVDC coatings to fulfill consumers' demands.
Regulatory Compliance: Key players are focusing on providing PVCD coated films that meet regulations in packaging pharmaceutical and food safety. The increasing demand for quality products is significantly booming the market size.
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Regulation Challenges: Consumers are seeking standardized products for safe packaging, and enhanced environmental impacts are driving the market growth. Due to a lack of regulations, they may face challenges.
Cost Considerations: The rising costs of PVDC coating materials, as compared to other coatings, are declining the market growth. Consumers are looking for affordable packaging products; this price sensitivity may restrain the market growth.
Recycling: Manufacturers are facing recycling challenges due to non-biodegradable material uses in PVDC coated films. Therefore, the infrastructure and recycling process of these films takes time and effort.
Competition: Manufacturers continue innovating products to stay ahead of the competition. They are offering biodegradable alternatives to high-barrier films to maintain their position in the market. Stay in competition may face challenges for manufacturers.
Technical Limitations: The rising technical issues, including heat resistance, are limiting the packaging process.
Supply Chain Disruptions: Unavailability of raw materials, global events, and natural disasters may disturb the supply chain and heavily impact PVDC coated films.
Limited Compatibility: PVDC coated films are incompatible with labeling and printing technologies. Challenges to identifying products for manufacturers are the decline in the demand for PVDC coated films.
Quality Control: Consistent quality of PVDC coated films is essential. The rising product spoilage due to low-quality films or coating thinness may decline the market growth.
The global PDC coated film market grew at a steady historical growth, with a valuation of USD 9.4 billion in 2022. The global market is expanding by gaining consumers' attention towards eco-friendly packaging. The rising sustainability awareness towards better packaging materials and food safety significantly fuels the demand for PVDC coated film.
Ongoing innovations and advanced technologies improve packaging performance with adequate materials and uplift market growth. Recently, consumers have rapidly increased the adoption of cost-effective packaging solutions, expanding the global market revenue.
The growing diverse applications such as food & beverages, manufacturing, and pharmaceuticals bolstered the global market size.
Principal Consultant
| Countries | Forecast CAGR between 2023 to 2033 |
|---|---|
| United States | 2.2% |
| Canada | 3.3% |
| Germany | 1.6% |
| United Kingdom | 3.6% |
| Italy | 2.3% |
| France | 2.9% |
| Sapin | 2.1% |
| China | 5.4% |
| India | 5.9% |
| Japan | 2.6% |
| South Korea | 4.1% |
| Thailand | 4.8% |
The United States is anticipated to secure a CAGR of 2.2% in the global market during the forecast period. The United States has a well-established packaging sector that relies on PVDC-coated films for packaging consumer goods, food, and pharmaceuticals. The key companies are developing high-quality film barriers for product integrity and are capturing consumers' attention.
The United States PVDC coated film market is fueling due to the expanding manufacturing sector for premium packaging solutions to fulfill consumers' desires. Manufacturers are focused on offering suitable, lightweight, and affordable packaging alternative solutions to maintain product safety with water-resistance technology.
Canada is estimated to secure a CAGR of 3.3% in the global market during the forecast period. The growing substantial trade activities and transportation services are increasing the demand for PVDC coated films to protect goods.
Manufacturers collaborate with international players to develop innovative packaging solutions to attract end users' desires. The increasing demand for labeling and unique designs on coated films is flourishing the Canada PVDC coated film market.
The rising carbon footprints are increasing the adoption of sustainable materials to limit environmental corrosion. The surging food sector is increasing the demand for PVDC coated film for packaging dairy and meat products, driving the Canadian market.
On the flip side, rising research and development to develop high-quality coated films with advanced packaging materials are upsurging the market size.
During the forecast period, China is anticipated to capture a CAGR of 5.4% in the global market. The rising middle-class population, food & beverages sector, and urbanization are increasing the demand for PVDC coated films. Consumers are changing their preferences toward high-quality barrier films to enhance product safety and are expanding China's PVDC coated film market.
China is significantly growing with the rising e-commerce sector. The increasing online shopping, a wide range of packaging solutions, and advanced materials are advancing China's market revenue.
These films protect goods during the traveling, and loading/unloading process boosting sales. China's government implements strict regulations on safety and effective packaging by investing robustly in the market to meet end users' requirements.
The United Kingdom is estimated to capture a CAGR of 3.6% in the global market by 2033. The growing awareness of the recycling process, reducing wastage, and promoting eco-friendly practices significantly drive the United Kingdom PVDC coated film market.
Manufacturers prefer better packaging to reduce plastic waste with advanced technologies adoption during the manufacturing process to gain consumers' attention.
The food & beverage sector is rapidly growing by increasing the demand for PVDC coated films for convenience foods and ready-to-eat beverages. These films maintain the quality of food, packed meals, and snacks are flourishing in the market growth. These factors are likely to expand the market during the forecast period.
India is anticipated to register a CAGR of 5.9% in the global PVDC coated film market during the forecast period. Rapidly increasing demand for packed food items, the increasing pharmaceutical industry, and unique packaging solutions are fueling India's coated films.
The growing vast population is increasing the variety of product packaging and designs, increasing the demand for PVDC-coated films.
The growing local preferences cultural and regional languages are playing a crucial role in advance packaging to drive the market growth. Increasing demand for fresh, safe, and high-quality food items is widely expanding the adoption of PVDC coated films.
Growing concerns about sustainability to reduce environmental impacts are shifting consumers' preferences toward PVDC coated films. Increasing consumer demand for cost-effective solutions, different price ranges, and considerable packaging solutions are expanding the market share.
Based on application, pouches & bags are likely to lead the global market by registering a share of 36.7% during the forecast period. The rising demand for high-quality and versatile packaging solutions is increasing the demand for pouches & bags among end users.
Various industries such as cosmetics, pharmaceuticals, and food & beverages are surging the demand for flexible packaging to cater to various products, driving the growth of PVDC coated film.
Consumers are seeking for easy to open, reseal, and carry products, increasing the demand for pouches & bags. Changing consumer desires, better packaging, and convenience are accelerating the demand for pouches & bags.
The popularity of innovative design, improved performance, and barrier properties are expanding the pouches & bag requirements among consumers.
Based on end users, the food industry is estimated to lead the global PVDC coated film market by securing a share of 47.1% during the forecast period. The increasing demand for convenient food packaging to reduce corrosion, moisture, and dust is driving the global market.
Consumers are looking for hygienic, fresh, and standardized packed food items, which are significantly increasing the adoption of PVDC-coated films in the food sector.
Food manufacturers are offering premium quality food with standardized packaging styles to capture consumers' attention, which is fueling the market revenue. They are delivering their food items to consumers' doorstep with supply chains with better packaging solutions during transportation, which are boosting sales.
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The global PVDC coated film market is highly competitive, with several essential players that significantly fuel the global market by developing unique products. These players are heavily investing in research and development to bring ideas to carry out innovative and advanced products.
Key players are adopting various marketing tactics to uplift the global market, including mergers, collaborations, acquisitions, product launches, and agreements.
Key players are maintaining high-quality packaging solutions for their consumers to satisfy their desires. They are launching their products by adopting advanced technologies and advancing the global market revenue.
Key players are promoting their products, trade shows, exhibitions, online sales channels, events, and online platforms to boost their sales by engaging more audiences.
Recent Developments in the PVDC Coated Film Market
The PVDC coated film market is estimated to secure a valuation of USD 9.6 billion in 2023.
The United States is the leading market for PVDC coated film.
The PVDC coated film market is likely to capture a CAGR of 3.1% in 2023.
The growing focus on sustainability and safe packaging solutions.
Cosmo Films Ltd and Bilcare Limited are the key players in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Substrate Material 5.1. Polyethylene (PE) 5.2. Polyethylene Terephthalate (PET) 5.3. Polyvinylchloride (PVC) 5.4. Polypropylene (PP) 5.5. Polyamide (PA) 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Laminates 6.2. Wraps 6.3. Lidding Films 6.4. Pouches & Bags 6.5. Blisters 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food 7.1.1. Fruits & Vegetables 7.1.2. Meat, Poultry & Seafood 7.1.3. Bakery & Confectionery 7.1.4. Ready-to-Eat 7.1.5. Dairy Products 7.2. Healthcare & Pharmaceuticals 7.3. Cosmetics & Personal Care 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, 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 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Mondi Group plc. 18.2. Kureha Corporation 18.3. Jindal Poly Films Limited 18.4. Cosmo Films Ltd 18.5. Bilcare Limited 18.6. Glenroy, Inc. 18.7. Vibac Group S.p.A. 18.8. Innovia Films 18.9. Polinas Corporate 18.10. Klöckner Pentaplast 18.11. CCL Industries Inc. 18.12. CPH Chemie & Papier Holding AG 18.13. SKC Co., Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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PVDC Coated Film Market
