Seattle, WA -- (SBWIRE) -- 11/14/2019 -- Water Soluble PVA Films are environment-friendly and they do not release toxic gasses upon incineration. The overall market for water-soluble applications is expected to expand at a CAGR of 4.9% from 2017 to 2027.

The global Water Soluble Polyvinyl Alcohol Films market size was valued at USD 324.73 Million in 2017. Increasing waste disposal problems, coupled with stringent environmental regulations, is driving the need for biodegradable raw materials in the packaging industry. This factor is expected to drive the demand for Water Soluble PVA films, particularly in the packaging industry.

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Developments in the packaging industry, particularly for detergents and agrochemicals in countries such as India, China, and Taiwan, are expected to develop the demand for Water Soluble Polyvinyl Alcohol films in Asia Pacific. Increasing application from various end-use industries is expected to drive the demand for detergent.

Green packaging initiatives in developed regions, such as North America and Europe are anticipated to increase consumption of the product in these regions. Growing environmental concerns owing to hazards caused by the disposal of electronic products are expected to drive the market growth.
It is water soluble and is characterised as a green packaging material. Water soluble films are majorly preferred in detergent packaging applications owing to their non-hazardous and non-toxic properties.

Regional Insights:
North America was the largest regional market for Water Soluble PVA films and is expected to continue its dominance over the forecast period. This region is expected to register moderate growth rates over the forecast period for water-soluble applications. Increasing detergent demand from various end-use industries, such as hospitals, restaurants, hotels, and domestic sectors is expected to drive regional market growth.

Europe is one of the largest markets for agrochemicals and is also one of the fastest-growing exporters of food grains. Rising demand for food and the need for food safety in Europe are the factors expected to boost the demand for agrochemicals. This, in turn, is anticipated to fuel the demand for Water Soluble PVA films over the forecast period.

Asia Pacific is expected to register a significant CAGR of 5.9% from 2017 to 2025 in terms of revenue. Agrochemical packaging segment is one of the largest contributors to the growth of the Asia Pacific region owing to the increasing demand for agrochemicals in the region.

Water Soluble Polyvinyl Alcohol (PVA) Films Market Share Insights:
This is considered to be a growing market in light of the rising demand for environment-friendly products, which help avoid harmful ecological as well as health impacts.

The market is highly competitive and is characterised by the presence of medium and large-scale manufacturers. Producers attain economies-of-scale as the raw materials are available at relatively lower prices and the plants are located in close vicinity to the raw material suppliers.

Global companies such as Kuraray Co., Ltd., and The Nippon Synthetic Chemical Industry Co., Ltd. expanded production of water-soluble plastic films made from Polyvinyl Alcohol. The expansion was aimed at meeting the ascending demand for the aforementioned films globally.

Key questions answered by the report:
- What was the market size from 2014 to 2017?
- What will b market growth till 2027 and what will be the resultant market forecast in the year?
- How will the market drivers, restraints and future opportunities affect the market dynamics and a subsequent analysis of the associated trends?
- What segment or region will drive or lead market growth and why?
- A comprehensive mapping of 01 competitive landscape and the market participants' behaviour.
- What are the key sustainability strategies adopted by market players? An In-depth analysis of these strategies and their impact on competition and growth

In this report, top down approached was used to analyse and estimate the Water Soluble PVA film market by geography and bottom up approach for various applications. Extensive secondary research was conducted using sources such as Plastemart Magazine, ICIS, company annual reports, government databases, etc. Along with secondary research, primary interviews were conducted in order to validate the research findings. Primary interviews were conducted with key industry participants such as VPs, CEOs, marketing manager, sales manager, etc. This method has proven to arrive at accurate market data and helps in making strategic decisions in the global PVA films market.

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