The report "PVDC Coated Films Market and acrylic coated films by film type (PP, PVC, PET, others), Coating Side (single-side coated and double-side coated), Application (packaging, labeling, and others), End-use Industry, Region - Global Forecast to 2025" The global PVDC coated films market size is expected to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 7.0% and The global acrylic coated films market size is expected to grow from USD 672 million in 2020 to USD 965 million by 2025, at a CAGR of 7.5% during the forecast period. PVDC and acrylic-coated films are extensively being used in the food & beverage and health & personal care end-use industries. The increasing food & beverage industry supports the demand for PVDC and acrylic-coated films in the industry.
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PP-film type of PVDC and acrylic-coated films comprise a major share of the PVDC-coated films and acrylic-coated films market in terms of value and volume.
PVDC-coated and acrylic-coated PP films offer high gas barrier and excellent seal strength, which enhances the properties of the film. These films also possess good aroma barrier, high stiffness, excellent oxygen & moisture barrier, superior dimensional stability, and low sealing threshold, which makes them suitable for food packaging. Acrylic-coated PP films are useful in the packaging of snacks, cigarettes, and other food items.
The COVID-19 pandemic resulted in a decline in industrial activities in the first half of 2020 across the globe. It resulted in reduced demand for PVDC and acrylic-coated films from various end-use industries.
Single-side PVDC and acrylic-coated type accounts for the largest market share in the global PVDC-coated films market and acrylic-coated films market during the forecasted period in terms of value and volume
Single-side PVDC-coated films account for the major share of the overall market. These films are used in packaging meat, snacks, cheese, and other food products. They are widely used with PVC, which makes them suitable for the packaging of pharmaceutical products, where they are used in the form of blister films. Acrylic films are mostly coated on a single side. Coating done on one side of the film allows the other side to remain untreated. The other side can be coated with PVDC, which increases the shelf life of the product. This type of film is used in food packaging applications.
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The food & beverage end-use industry accounted for the largest market share in the global PVDC-coated films market and acrylic-coated films market during the forecast period in terms of value and volume.
The food & beverage end-use industry holds the dominant market share in the global PVDC-coated films market and acrylic-coated films market, both in terms of value and volume. The food & beverage industry has increased demand for PVDC and acrylic-coated films in packaging, labeling, and other applications. The demand for PVDC and acrylic-coated films from food & beverage end-use is expected to decline in 2020 due to halts in the first half of 2020. Also, major manufacturers temporarily closed their plants during the lockdown. The demand is expected to recover after the COVID-19 pandemic is under control.
APAC is expected to account for the largest market share in the global PVDC-coated films market and acrylic-coated films market during the forecast period.
APAC accounts for the biggest share of the global PVDC-coated films market and acrylic-coated films market. The food & beverage and health & personal care end-use industries are major consumers of PVDC and acrylic-coated films in the region. The region is home to some of the major PVDC and acrylic-coated film manufacturers such as B.C. Jindal Group, Vacmet India Ltd., CosmoFilms Ltd., and SRF Limited. Moreover, China is a manufacturing hub of a wide range of PVDC-coated films and acrylic-coated films.
However, the COVID-19 outbreak has affected the demand for PVDC and acrylic-coated films in the region. On the positive side, support packages offered by governments of various countries will help to maintain the liquidity in PVDC coated films and acrylic-coated films market. Such initiatives coupled with recovery in the application industries will increase the demand for PVDC-coated films and acrylic-coated films in the APAC region.
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The key players in the PVDC-coated films market and acrylic-coated films market include B.C. Jindal Group (India), Cosmo Films Ltd. (India), Vibac Group S.p.A. (Italy), SKC, Inc. (US) and Vacmet India Ltd (India), are some of the key players in the PVDC coated films market and acrylic coated films market. Mondi Group Plc (UK), Innovia Films (UK), SRF Limited (India), Polinas Corporate (Turkey), and Kureha Corporation (Japan) are among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the PVDC-coated films market and acrylic-coated films market. These players have taken different organic and inorganic developmental strategies over the past five years.
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The PVDC Coated Films Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the PVDC coated films market include Cosmo Films Ltd., Innovia Films, Jindal Poly Films Limited, Perlen Packaging, Polinas, SKC, Inc., SRF Limited, Toray Industries, Inc., Transcendia Inc. Ltd., Treofan Germany GmbH & Co. KG, Vacmet India Ltd. and Vibac Group S.p.A.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global PVDC Coated Films Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/pvdc-coated-films-market/download-sampleMarket DynamicsThe increasing use of PVDC coated films and acrylic coated films in packaging application is primarily driving the market growth.
Superior properties offered by PVDC coated films such as barrier properties are again accelerating the market growth.
However, the high cost of production associated with the PVDC coated films is expected to hamper the market growth.
PVDC Coated Films Market or polyvinylidene chloride is a synthetic thermoplastic which is produced by the polymerization of vinylindene chloride.
They are clear and flexible thermoplastics.
As compared to metallized films they have excellent oxygen and moisture barrier properties.
They are resistance to chemicals like grease and oil.
Biaxial oriented PVDC films have low stretch and have excellent bond strength and low water absorption due to which they are used in food wrap applications.PVDC Coated Films Market is expected to grow with a steady CAGR of in the forecast period of 2019-2026.
The report contains data from the base year of 2018, and the historic year of 2017.
The global PVDC Coated Films Market size is projected to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 7.0% between 2020 and 2025.
The global acrylic coated films market size is projected to grow from USD 672.4 million in 2020 to USD 965.3 million by 2025, at a CAGR of 7.5% between 2020 and 2025.
The PVDC and acrylic coated films industry is growing due to the rise in demand from various applications, globally.
However, the end of lockdown and recovery in the end-use industries will stimulate the demand during the forecast period.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=85618234♦ Impact of COVID-19 on global PVDC coated films market and acrylic coated films marketThe PVDC coated films market and acrylic coated films market is expected to witness a decline in 2020 due to the COVID-19 pandemic.
This deadly virus has adversely affected the entire globe, especially the North American and European regions.
To prevent the further spread of this virus, companies have shut down their operations and manufacturing facilities.
The Global Poly-Vinylidene Dichloride (PVDC) market is forecast to reach USD 2.37 Billion by 2026, according to a new report by Reports and Data.
The high barrier feature of PVDC coating enables it to be used for the packaging of perishable food products to reduce the wastage across the value chain and improve the shelf life of the product.
PP is tough and rigid, crystalline thermoplastic produced from propene monomers.
Countries such as India, China, and Japan are the fastest-growing economies contributing heavily towards the growth of the PVDC coated films market.
Presence of companies such as Jindal Poly Films Limited, Cosmo Films Limited, and Toray Industries is expected to increase the applications of the films in healthcare, food & beverage, and other industries.North America held a market share of 31.5% in the year 2018.
The Food and Drug Administration (FDA) regulated the safety of food-contact packaging, and the PVDC is strictly suited to meet the stringent standards and requirements.
