Overview:

The global PVDC barrier material market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Polyvinylidene chloride (PVDC) is thermoplastic material which is flexible and clear. It has enhanced barrier properties such as excellent bond strength and water and oxygen entry prevention ability.

PVDC barrier material has wide applicability in household wrap, food, medical, and pharmaceutical packaging in order to protect the product and extend its shelf life.

Market Dynamics:

Increasing demand for enhanced packaging material from food, beverages, and pharmaceutical industry is a major factor driving growth of the global PVDC barrier material market. In addition, developing stringent regulations, flouring cosmetic industry, and growing demand for smart packaging solutions from cosmetic product manufacturers are among the other factors expected to support growth of the target market in the near future.

In addition, increasing investment by major players for R&D activities and introduction of innovative packaging solutions in order to increase the market penetration are some other factors expected to boost growth of the global market during the forecast period.

However, factors such as stringent government regulation related to product approval and increasing overall packaging cost are expected to hamper growth of the global PVDC barrier material market.

Key Trends:

Market players approach towards business expansion through strategic initiatives in order to increase the market reach is a key trend observed in the global PVDC barrier material market. For example, in June 2020, SK Global Chemical Co., Ltd has completed the acquisition of functional polyolefins business of Arkema S.A. a global manufacturer of specialty chemicals and advanced materials. This acquisition is expected to support the company to strengthen its position in the global market.

Regional Analysis:

For detailed understanding of market dynamics, the global PVDC barrier material market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is accounted for the major revenue share in 2019 and is expected to maintain its dominance over the forecast period. The flourishing pharmaceutical sector in countries in the region is a key factor bolstering growth of the target market in the region. In addition, developing regulation related with packaging, rising focus of drug manufacturers towards adoption of enhanced packaging solutions are other factors expected to further support growth of the regional market.

However, the Europe and Middle East & Africa region are expected to witness significant growth over the forecast period. Growing market penetration of various end use industries in these regions especially in Middle East is a key factor driving market growth.

Scope of the Report:

Detailed Segmentation:

Global PVDC Barrier Material Market, By Type:

• PVDC Resins
• PVDC Latex
• PVDC Solvent

Global PVDC Barrier Material Market, By Application:

• Fооd Расkаgіng аnd Wrар
• Рhаrmасеutісаlѕ Расkаgіng
• Нуgіеnе аnd Соѕmеtіс Рrоduсtѕ Расkаgіng
• Оthеrѕ (Ѕtеrіlіzеd Меdісаl Расkаgіng аnd Аgrісulturе Расkаgіng)

Key Players Covered:

Key players operating in the global PVDC barrier material market includes, Juhua Group Corporation, Zhe Jiang Keguan Polymer Co., Ltd., Innovation Co., Ltd., Kureha Corporation, Solvay S.A., SK innovation Co., Ltd., Dow Chemical Company, Asahi Kasei Corporation, and Nantong Skt New Material Co., Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global PVDC Barrier Material Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global PVDC barrier material market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.