The “PVC Films and Sheets Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The PVC Films and Sheets Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global PVC films and sheets market size was US$ 2.9 billion in 2021. The global PVC films and sheets market is forecast to grow to US$ 9.2 billion by 2030, registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market Growth
Plastic films and sheets are in high demand due to their various packaging and non-packaging applications. Moreover, their range of forms, including printed, non-printed, single, multi-layered, and mixed with other materials, are forecast to fuel the market growth during the study period.
Moreover, the cost-effectiveness, durability, and versatility of the products would continue to be a significant factor driving the market growth.
Growing demand for packaged foods and drinks is expected to benefit the global PVC films and sheets market. Rising population, increasing disposable income, and growing urbanization will boost the growth of the global PVC films and sheets market during the study period.
Rising demand for novel medication, growing geriatric population, and increasing cases of chronic diseases are propelling market expansion. PVC films and sheets are used to pack medication tubes, pre-fillable syringes, labels, accessories, inhalers, vials, drug pouches, medical supplies, and other goods. The most popular materials used in pharmaceutical packaging are polyvinyl chloride (PVC) and polyvinyl dine chloride (PVDC), which protect the product from oxygen and odor, moisture, water vapor transmission, and contamination. Thus, the growth of the medical sector will ultimately drive the expansion of the global PVC films and sheets market.
Prominent businesses are investing highly to introduce innovative technologies and boost the sales of the products. Thus, it will propel the global PVC films and sheets market growth.
Regional Analysis
Asia Pacific holds dominance in the global PVC films and sheets market. The growth of the regional market is attributed to the rising population and increasing living standards of people in India, China, Taiwan, and South Korea. The PVC films and sheets market in China is driven by rising consumer spending power and increasing demand for consumer and medical items. Thus, China will significantly contribute to the regional market growth. In addition, growing urbanization and rising manufacturing activities are forecast to fuel the market growth.
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COVID-19 Impact Analysis
The supply chain was severely interrupted during the outbreak. In order to survive in the market, players had to overcome a number of challenges. Furthermore, the suspension of industrial activity restricted market expansion even further. However, the increased demand for novel drugs offered ample growth opportunities to the market players in the global PVC films and sheets market.
Market Segmentation
Product Outlook
- LDPE/LLDPE
- PVC
- PA
- BOPP
- HDPE
- CPP
- Others
Application Outlook
- Packaging
- Food
- Consumer goods
- Medical
- Others
- Non-Packaging
- Construction
- Healthcare
- Agriculture
- Others
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On the basis of Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Competitors in the Market
- IVK Europe
- Shih-Kuen Plastics Co., Ltd.
- Extruflex UK Limited
- Vortex Flex Pvt. Ltd.
- Walton Plastics, Inc.
- Grafix Plastics
- Allen Plastic Industries Co. Ltd.
- Changzhou HuiSu QinYe Co., Ltd.
- Other Prominent Players
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