The global Calendered Polyvinyl Chloride Flexible Films Market size is expected to reach USD 25.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. There are a large number of players operating in the market across the globe. With technological advancements, various end-use segments have been introduced. Some of these types include pharmaceutical, medical, automotive, building and construction, consumer goods, and industrial.
The market is likely to be driven by factors, such as
rising demand for calendered polyvinyl chloride (PVC) flexible films in food
and beverage packaging end-use. The food and beverages industry is the most
prominent consumer of packaging products worldwide. The ongoing immigration of
the rural population to urban areas, rising number of working women, increasing
disposable income, and prevailing hectic work-life schedules have
macroeconomically fueled the global demand for ready-to-eat food products,
packaged meals, outdoor dining, etc.
Calendered polyvinyl chloride flexible films extend
the shelf life of perishable commodities while masking the odor of packed
products. The usage of these films also eliminates labeling or capping costs.
These factors are expected to contribute to the surged demand for calendered
polyvinyl chloride flexible films in the coming years. Increased investments by
companies such as Uflex Ltd. to develop advanced packaging films are expected
to fuel the growth of the packaging industry at domestic and international
levels.
The presence of major economies with high healthcare
costs and increasing expenditure of various governments on public and private
health systems are expected to positively impact the market growth. Increasing
private participation in the healthcare industry to improve healthcare services
and infrastructure and offer high-quality treatment in countries like China,
Japan, India, Singapore, and Australia is expected to boost the market growth.
Furthermore, improving service and safety standards in hospitals is expected to
drive the market over the forecast period.
Related Press Release@ Calendered Polyvinyl Chloride Flexible Films Market Report
Calendered Polyvinyl Chloride
Flexible Films Market Report Highlights
- In terms of revenue, the consumer goods segment accounted for a
prominent share of more than 25.0% in the market in 2021 and is further
expected to witness prominent growth over the forecast period owing to the
high demand from consumer goods such as furniture, footwear, sports
equipment, clothing, and others
- As of 2021, Asia Pacific accounted for more than 28.0% revenue
share in the overall market. The demand for high-quality medical devices
and components from hospitals in major economies such as China, India, and
Japan is increasing on account of rising expenditure on the healthcare
industry. Increasing private participation in the healthcare industry to
improve healthcare services and infrastructure and offer high-quality
treatment in countries like China, Japan, India, Singapore, and Australia
is expected to boost the market growth
- The use of calendered polyvinyl chloride flexible films in the
automotive sector is in underbody coatings, sealants, floor modules, and
wire harnesses (cable insulation and grommets). Calendered PVC flexible
films are used mainly on the exterior of the car, particularly in areas
where the paint on the vehicle body is exposed to wear and impact from
dirt and gravel from the road
- Several market players compete with each other to tap potential
growth opportunities in the global polyvinyl chloride flexible film market
and to establish their market presence and enhance their market share.
Companies such as Caprihans India Limited, ACG, and Mississippi Polymers
Inc., as well as various polyvinyl chloride-based calendered flexible film
manufacturers, account for a large share of the market since their establishment.
Hence, these companies have been categorized as product innovators in the
market
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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