PVDC Coated Films Market is projected to reach USD 12.3 billion by 2028, at a CAGR of 4.6% from 2022 to 2028: FMI

Published On : 01/04/2022

There is a growing consumer preference for flexible and innovative packaging of food and beverage products to maintain the quality and freshness of the packed products. This is leading to increasing demand for PVDC coated films in the global food and beverages industry as PVDC coated films keep food products fresh and prevent external contamination. 

The demand for PVDC coated films from the F&B sector is also likely to increase especially in the packaging of meat and meat related products, as these products require adequate moisture barriers and high oxygen, and PVDC coated films offer these features. 

To remain ‘ahead’ of your competitors, request for a sample @  https://www.futuremarketinsights.com/reports/sample/rep-gb-7364 

This surging demand from the F&B industry is creating lucrative opportunities for manufacturers of PVDC coated films, as revealed in a new report by leading research firm Future Market Insights.

According to the research, the global PVDC coated films market is projected to be valued in excess of US$ 12 Bn by the end of 2028. From an estimated valuation of around US$ 7.7 Bn in 2018, this represents a growth rate of 4.7% during period 0f 2022 to 2028. This growth can be attributed to the barrier properties of PVDC coated films and extended shelf life.

Factors Driving Revenue Growth of the PVDC Coated Films Market

One of the main factors boosting demand for PVDC coated films is their environmentally friendly feature. PVDC coated films have a low environmental impact. Manufacturers need to comply with stringent regulatory laws pertaining to sustainability and are focussed on reducing the carbon footprint. 

PVDC coated films have low carbon dioxide emission levels as compared to other high barrier films and contribute to the prevention of global warming. 

PVDC coated films are also low-impact materials and facilitate lower consumption of energy, thereby contributing to energy conservation. These factors are acting in favour of the global PVDC coated films market growth. 

Another significant driver of growth of the PVDC coated films market is the sustained demand for blister packaging in the pharmaceuticals industry in developed as well as emerging economies.

Global PVDC Market Growth Challenged by Distortions in Film Structure and Shift Towards Alternatives Owing to High Costs 

While PVDC coated films help keep food products fresh and extend the shelf life, the presence of chlorine in the chemical composition of PVDC coated films results in the films turning yellow with age, becoming brittle and prone to cracking after a certain period of time. 

Manufacturers are slowly moving towards better alternatives of PVDC coated films that can keep products fresh for a much longer period of time. Further, PVDC coated films are witnessing a hike in prices, resulting in a cost surge across key end-use industries. 

For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-7364 

The high price point is another factor pushing manufacturers to look for better cost-effective alternatives. PVDC coated films require special flexographic converters to help bond adhesion for the purpose of lamination. 

This makes it difficult for manufacturers to add their branding and product related information on the packaging film. All these factors are anticipated to restrict revenue growth of the PVDC coated films market to a certain extent.

Manufacturers of PVDC Coated Films Focussing on Product Innovation and Production Capacity Expansion to Augment Market Share

Manufacturers of PVDC coated films are focussing on R&D to innovate their product offerings by adding additional features that enhance the barrier properties of PVDC coated films, resulting in extended shelf life of perishable food products. Another strategy being adopted by key players in the PVDC coated films market is expansion of the product portfolio and production capacity to meet the demands from key end-use industries. 

With the emerging markets in the Asia Pacific region offering lucrative growth potential, Future Market Insights recommends that key players in the PVDC coated films market should target the regional markets within the Asia Pacific region to expand their footprint in the PVDC coated films market.

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-7364 

Explore wide-ranging Coverage of FMI’s Packaging Market Insights Landscape

Nylon Films for Liquid Packaging Market – The global nylon films for liquid packaging market is estimated to value at US$ 454 million in 2022 and is projected to reach US$ 599 million by 2027, at a CAGR of 5.7% during the forecast period.

Bagasse Tableware Products Market – The bagasse tableware products market revenue is expected to register y-o-y growth of 4.3% and reach US$ 1.95 Bn in 2021. This demand for bagasse tableware products will accelerate with top-tier players holding 25% to 30% of the total sales of bagasse tableware products.

Baking Molds & Trays Market – The baking molds & trays market, also called baking containers market, is estimated to reach US$ 773 Mn in 2021. Sales of baking molds & trays are likely to grow by ~6.3% CAGR between 2021 and 2031.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com 

For Media Enquiries: press@futuremarketinsights.com 

Website: https://www.futuremarketinsights.com/ 

Report:https://www.futuremarketinsights.com/reports/pvdc-coated-films-market 

Press Release Source:https://www.futuremarketinsights.com/press-release/pvdc-coated-films-market 

Uma Rajagopal

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.