The global Polyvinyl Alcohol (PVA) market size reached USD 998.21 million in 2022 and is expected to register a revenue CAGR of 6.2% during the forecast period, according to latest analysis by Emergen Research. Rising demand for PVA in the packaging industry is a major factor contributing to revenue growth of the market. Polyvinyl Alcohol (PVA) has high strength, transparency, and water-solubility which make it suitable for use in various packaging applications such as food packaging, medical pharmaceutical packaging, and eco-friendly packaging. Many Fast-Moving Consumer Goods (FMCG) companies are significantly procuring Polyvinyl Alcohol (PVA) for packaging food and beverage products. Consumer awareness regarding sustainable product packaging further accelerates revenue growth of the market. In April 2022, Shiseido, a Japanese multinational cosmetics firm, adopted environmentally friendly and sustainable product packaging for consumers. Shiseido has used Polyvinyl Alcohol (PVA), starch, and glycerin in its eco-friendly clear bag packaging. These innovative product development tactics are increasing market expansion.
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Key companies operating in the Polyvinyl Alcohol market include:
BASF SE, Dow Chemical Company, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Merck KGaA, Nouryon Chemicals Holding B.V., Kuraray Europe GmbH, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Sekisui Specialty Chemicals America, LLC, Hanwha Solutions Chemical Division Corporation, Liwei Chemical Co. Ltd, SNP, Inc. and among others
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Polyvinyl Alcohol market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
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Polyvinyl Alcohol Market Segmentation:
Grade Outlook (Revenue, USD Million; 2019-2032)
- Partially hydrolyzed
- Fully hydrolyzed
Application Outlook (Revenue, USD Million; 2019-2032)
- Food packaging
- Detergent Packaging
- Agrochemical packaging
- Laundry bags
End-Use Outlook (Revenue, USD Million; 2019-2032)
- Paper and Pulp
- Pharma and Medical
Polyvinyl Alcohol Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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