PVDC Coated Films Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027

Report Code: CMR 32922 Report Format: PDF + Excel

PVDC Coated Films Market Overview

PVDC coated films market size is forecast to reach US$2.5 billion by 2027, after growing at a CAGR of 6.8% during 2022-2027. The PVDC coated films market is increasing with the growth of the food packaging industry. The rise in the demand for food packaging solutions such as pouches & bags, lidding films, laminates, and wraps, are anticipated to drive the PVDC coated films market growth. In the Middle East & Africa, an increase in the packaging of poultry, seafood, and meat, is also propelling the PVDC coated films market. Additionally, PVDC coated films such as polyethylene terephthalate, polyvinyl chloride, and others, are used for packaging pharmaceuticals, personal goods, and cosmetics. Globally, blister packaging made of PVDC coated films in the pharmaceutical & healthcare sector, is used as an effective barrier film for oxygen and provides good resistance to water vapor transmission. These films are also used for the labeling and lamination of personal care products, which is driving the demand for the PVDC coated films market.

COVID-19 Impact

The COVID-19 outbreak widely affected the personal care, food & beverages, and healthcare industries over 2020. Owing to nationwide lockdown, the production process of various goods in these industries declined due to the non-functioning of the manufacturing plants. Economies of each sector got affected and resulted in stagnation of activities across the sectors that use PVDC coated films. However, according to European Parliament, due to COVID-19, the food industry witnessed only a low decline of 0.4percent, till the third quarter of 2020 and hence nearly recovered to pre-crisis levels, with an increase of 8.2 percent as compared to the second quarter. Similarly, in September 2020, retail in pharmaceuticals was increased by 12 percent as compared to April, and the sector managed to recover by 98 percent to pre-crisis levels. The growing food & beverages and healthcare sector’s related activities, is thus, recovering the sector in 2021. Hence, the PVDC coated films market is also growing, with its increasing usage in the growing food and pharmaceutical sector.

Report Coverage

The report: “PVDC Coated Films Market – Forecast (2022 - 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the PVDC coated films industry.

By Material Type: Polyethylene (PE) (High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE)), Polypropylene (PP), Polyethylene Terephthalate (PET), Polyamide, Polyvinyl Butyral (PVB), Polyvinyl Chloride (PVC), Nylon, and Others

By Coating Side: Single-sided, Double-sided, and Others

By Application: Packaging, Labelling, Lamination, and Others

By End-Use Industry: Food & Beverages (Bakery / Desserts, Dairy, Confectionery, Snacks, Meat / Poultry, and Others), Personal Care (Sun Care, Oral Care, Skin Care, Body Care, Perfume, Decorative Cosmetics, Hair Care), Healthcare, and Others

By Geography: North America (U.S.A., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Key Takeaways

Figure: Asia-Pacific PVDC Coated Films Market Revenue, 2021-2027 (US$ Billion)

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PVDC Coated Films Market Segment Analysis – By Material Type

The polypropylene (PP) material segment held the largest share in the PVDC coated films market in 2021. PVDC coated and acrylic coated polypropylene films provide good water vapor transmission barrier and seal strength, which increases the characteristics of the film. Polypropylene films also provide high stiffness, aroma barrier, superior dimensional stability, oxygen & moisture barrier, and low sealing threshold, which makes them compatible for food & beverages packaging, as compared to other material films. Acrylic-coated PP films are utilized in the packaging of cigarettes, snacks, poultry, and other food items. Thus, with the growing demand for polypropylene (PP) material, the market for PVDC coated films will further rise over the forecast period.

PVDC Coated Films Market Segment Analysis – By Coating Side

The single-sided coating segment held the largest share in the PVDC coated films market in 2021. PVDC coated films are utilized in packaging snacks, meat, cheese, and other food products. These films are widely used with polyvinyl chloride (PVC), to make them compatible with pharmaceutical products packaging in the form of blister films. Also, acrylic films are mostly coated on a single side and the other side can be coated with PVDC which increases the shelf life of the perishable products. The single-side coated film is also widely used in food packaging applications since the single-sided coating of PVDC film is cost-effective as compared to double-sided coating. Thus, with the growing demand for single-sided PVDC film coating, the market for PVDC coated films will further rise over the forecast period.

PVDC Coated Films Market Segment Analysis – By Application

The packaging segment held the largest share in the PVDC coated films market in 2021. PVDC coated films are efficient barrier films providing resistance to oxygen, aroma, gas, and water vapor transmission, in the food & beverage, cosmetics, and medical sectors. These characteristics make PVDC coated films useful in the packaging of products such as dairy, confectionery, snacks, meat, oral care, skincare, drugs, and others. The PVDC coated films market is growing with an increase in the cosmetics and personal care industry, due to the rising demand for packaging applications in the sector. For instance, according to the International Trade Administration, in Vietnam, cosmetics and personal care revenues are estimated to reach US$2.3 billion in 2021, after growing at a 5.9 percent compound annual growth rate through 2025. Also, despite the pandemic in 2020 U.S. exports to Vietnam grew due to the rise in exports of cosmetic ingredients of about US$5.8 million. Thus, with the growth of the cosmetics and personal care sector the market for PVDC coated films in the packaging segment will further rise over the forecast period.

PVDC Coated Films Market Segment Analysis – By End-Use Industry

The food and beverage industry held the largest share in the PVDC coated films market in 2021 and is expected to grow at a CAGR of 7.3% during 2022-2027. Polyvinylidene chloride (PVDC) is a clear and flexible synthetic thermoplastic film. It is an optically clear film that possesses a high degree of gloss and has oxygen and moisture barrier characteristics as compared to metalized film. PVDC is highly resistant to grease, oil, and many other chemicals. Therefore, PVDC coated films are used in the food and beverage industry, for packaging food. Polyvinylidene chloride such as polyethylene terephthalate, polyvinyl chloride, and others, offers excellent bond strength, low stretch, and water absorption. Additionally, these films also have excellent cling properties for food wrap applications. The increasing growth of the food and beverage industry is driving the demand for PVDC coated films. For instance, according to the China Chain Store & Franchise Association, China's food and beverage (F&B) sector reached approximately US$595 billion in 2019 with a 7.8 percent increase over 2018. Also, according to the Food Export Midwest USA, USDA’s Office of Agricultural Affairs (OAA) in Rome referred that, in 2019, Italy’s food retail sales reached US$145 billion, 1% more than in 2018. Thus, with the rising growth of the food and beverage sector, the market for PVDC coated films is further projected to rise over the forecast period.

PVDC Coated Films Market Segment Analysis – By Geography

Asia-Pacific region dominated the PVDC coated films market with a share of 47% in the year 2021. The Asia Pacific region is predicted to continue its dominance in the market during the forecast period due to the increasing requirement for PVDC coated films in developing countries such as China, Japan, India, and South Korea. China is expected to continue its dominance in the PVDC coated films market during the forecast period. This is due to the growth of the food & beverages, personal care, and healthcare industries in the country. PVDC coated films are also predicted to grow in the Indonesia and Indian market with the driving personal care and cosmetics sector. For instance, according to the International Trade Administration, in Indonesia, in 2021, the revenues in the cosmetics and personal care industry are projected to reach US$ 7.5 billion and is estimated to rise at a 6.5 percent compound annual growth rate through 2025. PVDC coated films are used in applications such as packaging, labeling, lamination, and other applications. Thus, the rising growth in the end-use industries will drive the PVDC coated films market growth in the forecast period.

PVDC Coated Films Market Drivers

Increasing Demand in Healthcare Sector

Investments are being made by the governments to modernize the healthcare structure of developing countries in various regions, especially after the pandemic. Blister packaging made of PVDC coated films in the pharmaceutical & healthcare sector, offers an effective barrier for oxygen and good resistance to water vapor transmission, due to which their usage is rising in blister packaging. Globally, with the rising growth in the healthcare sector, the demand for PVDC coated films is also estimated to rise. For instance, in China, by 2030, according to the staff research report on the "US-China Economic and Security Review Commission,” the size of the healthcare industry is expected to reach 16 trillion RMB (US$ 2.3 Million). Thus, the rising growth in the healthcare sector is predicted to drive the growth of the PVDC coated films market over the forecast period.

Surging Demand for PVDC Coated Films in Personal Care Industry Will Drive the Market Growth

In the cosmetics and personal care industry PVDC coated films find usage in applications of packaging and labeling of products such as sun care, oral care, skincare, body care, perfume, decorative cosmetics, and hair care. The cosmetics and personal care industry is increasing rapidly in emerging economies such as India, the United States, China, and other countries, due to which the demand for PVDC coated films is also rising. For instance, according to the International Trade Administration, in 2019, the U.S. exported personal care and cosmetic products to China valued at US$820 million, up by 28% from 2018. Thus, with the growth of the cosmetics and personal care sector, the market for PVDC coated films will further rise over the forecast period.

PVDC Coated Films Market Challenges

High Cost of Production of the PVDC Coated Films Will Hamper the Market Growth

PVDC coated films need high capital for production due to the costs acquired by the multiple processes related to the production of these films. It is important in the PVDC coated films to achieve the correct coating thickness, since, a slight change in the thickness can lead to improper functioning. PVDC coated films are available in various thicknesses and sealing temperatures, which makes them costlier as compared to other coated films. Thus, the high production cost of the PVDC coated films will create hurdles for the growth of the market in the forecast period.

PVDC Coated Films Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies players adopt in the PVDC coated films markets. Major players in the PVDC coated films market are:

  1. B.C. Jindal Group
  2. Cosmo Films Ltd.
  3. Vibac Group S.p.A.
  4. SKC, Inc.
  5. Vacmet India Ltd
  6. Mondi Group Plc
  7. Innovia Films
  8. SRF Limited
  9. Polinas Corporate
  10. Kureha Corporation

Recent Developments

  • In September 2020, Cosmo Films Ltd. expanded its specialty polyester films segment by setting up a new line in Maharashtra (India), to help the company deliver more comprehensive and advanced products for lamination, packaging, and other applications.

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1. PVDC Coated Films Market - Market Overview
    1.1 Definitions and Scope
2. PVDC Coated Films Market - Executive Summary
    2.1 Key Trends by Material Type
    2.2 Key Trends by Coating Side
    2.3 Key Trends by Application
    2.4 Key Trends by End–Use Industry
    2.5 Key Trends by Geography
3. PVDC Coated Films Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. PVDC Coated Films Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. PVDC Coated Films Market – Industry Market Entry Scenario PremiumPremium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. PVDC Coated Films Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. PVDC Coated Films Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. PVDC Coated Films Market – By Material Type (Market Size -US$ Million/Billion)
    8.1 Polyethylene (PE)
        8.1.1 High Density Polyethylene (HDPE)
        8.1.2 Low Density Polyethylene (LDPE)
        8.1.3 Linear Low-Density Polyethylene (LLDPE)
    8.2 Polypropylene (PP)
    8.3 Polyethylene Terephthalate (PET)
    8.4 Polyamide
    8.5 Polyvinyl Butyral (PVB)
    8.6 Polyvinyl Chloride (PVC)
    8.7 Nylon
    8.8 Others
9. PVDC Coated Films Market – By Coating Side (Market Size -US$ Million/Billion)
    9.1 Single-sided
    9.2 Double-sided
10. PVDC Coated Films Market – By Application (Market Size -US$ Million/Billion)
    10.1 Packaging
    10.2 Labelling
    10.3 Lamination
    10.4 Others
11. PVDC Coated Films Market – By End–Use Industry (Market Size -US$ Million/Billion)
    11.1 Food & Beverages
        11.1.1 Bakery / Desserts
        11.1.2 Dairy
        11.1.3 Confectionery
        11.1.4 Snacks
        11.1.5 Meat / Poultry
        11.1.6 Others
    11.2 Personal Care
        11.2.1 Sun Care
        11.2.2 Oral Care
        11.2.3 Skin Care
        11.2.4 Body Care
        11.2.5 Perfume
        11.2.6 Decorative Cosmetics
        11.2.7 Hair Care
    11.3 Healthcare
    11.4 Others
12. PVDC Coated Films Market - By Geography (Market Size -US$ Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. PVDC Coated Films Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. PVDC Coated Films Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share at Country Level - Major companies
    14.4 Market Share by Key Geography - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product - Major companies
15. PVDC Coated Films Market – Key Company List by Country Premium Premium
16. PVDC Coated Films Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"