Market Segmentation
The utilization of synthetic polymer materials has posed significant environmental issues. Solid waste has affected the environmental conditions in developing countries. Furthermore, improper disposal of solid waste from various applications such as paper, glass, textiles, and food packaging can lead to health issues. It can also lead to environmental issues including water & land pollution, infectious diseases, drain obstruction, and loss of biodiversity. Sustainable packaging is in great demand on account of its ability to help in the reduction of landfills and compliance with stringent regulations about the packaging. These factors together are expected to fuel the demand for biodegradable packaging solution, which in turn is expected to propel the demand for polyvinyl alcohol over the forecast period.
Polyvinyl alcohol film is widely used polymer and has contributed significantly to the growth of the packaging industry. The polyvinyl alcohol application has diverse scope owing to its physical, chemical, and mechanical properties. However, many packaging materials such as plastics cannot be recycled which can lead to a rise in environmental issues and infectious diseases. The development of various biodegradable packaging materials has garnered attention. Several synthetic and renewable natural polymers have been tested separately as well as with plastic materials to enhance the biodegradation potential of the product. Among the different biodegradable synthetic polymers, polyvinyl alcohol material is extensively used owing to its biodegradability in various microbial environments.
Polyvinyl alcohol (PVA), a synthetic water-soluble polymer, has been the key ingredient that is utilized in the formulation of various of end-use industries. The key end-use industries include food packaging, construction, electronics, coatings, printing, textile, cosmetics, and paper. Polyvinyl alcohol is mainly driven by the demand from the packaging industry, as it is a material with a good barrier to oxygen, water solubility, and biodegradable properties. The demand for polyvinyl alcohol is expected to grow owing to the rising growth in various end-use industries in the Asia Pacific region. The sustainable packaging of the products is in great demand, owing to stringent regulations about its disposal and declining landfill availability. Though the demand for packaging in various applications is fueled by several factors such as the expansion of consumer base, increase in cost per package, and sustainability in the emerging markets such as China, India, and Japan. Growth in the packaging industry has remained robust in the past few years and the trend is expected to grow over the forecast period.
The volatile raw materials prices required for the production of polyvinyl alcohol is expected to challenge the market growth. Various raw materials are used for the production of polyvinyl alcohol which includes vinyl acetate monomer, methanol, sodium sulfate, sodium hydroxide, and methyl acetate. Economic instability creates price volatility through various application demand patterns, credit availability, and inventory management. The above graph indicates the raw material prices volatility in the U.S. which includes vinyl acetate monomer and methanol. These volatile prices may affect the demand for the polyvinyl alcohol, especially from the packaging industry. The packaging industry is one of most prominent end use for polyvinyl alcohol demand. It is extensively used for the packaging of various products such as food, cosmetics, paper, and textiles.
This section will provide insights into the contents included in this polyvinyl alcohol (pva) market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance