Future Market Insights (FMI) delivers key insights on the global PVDC coated films market in its published report, titled “Global PVDC Coated Films Market: Industry Analysis and Opportunity Assessment, 2018–2028”. In terms of revenue, the global PVDC coated films market is estimated to expand at a CAGR of 4.7% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecast in this report.
PVDC coatings are water based coatings, when packaging films are treated with PVDC coatings their barrier properties rise significantly. These coatings shield the packaged product from moisture, aroma migration and oil & grease permeation. PVDC coated films are used for the packaging of food products as they offer such excellent gas barrier. Along with this, PVDC coated films are highly glossy and transparent which gives a visual appeal to the packaged product and results in increased shelf visibility. Perishable food products such as fruits & vegetables, meat, poultry & seafood and bakery & confectionery are mostly packaged in PVDC coated films.
The global PVDC coated films market is segmented on the basis of substrate material type, application type, end use industries and regions. On the basis of substrate material type, the global PVDC coated films market is segmented into PE, PET, PVC, PP and PA. On the basis of application type, the global PVDC coated films market is segmented into laminates, wraps, lidding films, pouches & bags and blisters. On the basis of end use industries, the global PVDC coated films market is segmented into food, healthcare & pharmaceuticals, cosmetics & personal care and others.
Food packaging industry has been using PVDC coated films, as these films contribute in increasing the shelf life of the packaged product by enhancing barrier properties of the packaging films significantly. Hence, PVDC coated films are considered apt for packaging of perishable food products. In the pharmaceuticals industry, blister packs are treated with PVDC coatings so as to prevent oxygen and water vapour transmission in the packaging solutions.
By substrate material segment, the demand for PP and PE substrate materials is estimated to propel during the forecast period owing to their contribution in the food packaging industry. Due to restrictions on the usage of PVC by various countries, growth rate of PVC is estimated to remain moderate during the forecast period.
The North America PVDC coated films market is expected to expand owing to the established pharmaceuticals market in the region. The U.S. PVDC coated films market is expected to expand by 1.2x of its current value by the end of forecast period. Also, increasing consumption of ready- to-eat foods is expected to contribute to the growth of PVDC coated lidding films as well as pouches & bags. The PVDC coated films market is expected to expand in emerging economies of Latin America with the escalating demand for packaged food products. Germany and U.K. account for a significant market share in the Western Europe PVDC coated films market. The APEJ PVDC coated films market represents most favorable geographic region wherein China and India represent substantial incremental dollar opportunity and market share over the forecast period owing to the booming retail and e-commerce sector in the region. The Middle East and Africa (MEA) PVDC coated films market is expected to contribute in the growth of the PVDC coated films market due to the well-established cosmetics and personal care market. The Japan PVDC coated films market is expected to expand at 1.1x over the forecast period. Companies involved in PVDC coated films manufacturing are focusing on expanding their production capacity, by adding production facilities, extending new lines in the existing sites or acquiring other regional players. Key players considered in the report on PVDC coated films market include Mondi Group plc, Kureha Corporation, Jindal Poly Films Limited, Cosmo Films Ltd., Bilcare Limited, Klöckner Pentaplast, Glenroy, Inc., CCL Industries Inc., CPH Chemie & Papier Holding AG, and SKC Co., Ltd.
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