PVC Films and Sheets Market
Global PVC Films and Sheets Market to surpass USD 9.2 billion by 2030 from USD 2.5 billion in 2020 at a CAGR of 5.4% in the coming years, i.e., 2021-30.
Polymerization of vinyl chloride monomers produces polyvinyl chloride (PVC), one of the most widely used polymers. It’s fire-resistant, oil- and chemical-resistant, and long-lasting. It has modifiers to change its properties according to the needs of the end-user. Its lightweight, abrasion resistance, mechanical strength, and toughness, among other characteristics, allow it to be widely used in the construction, automotive, packaging, and electrical industries. It’s used to make pipes, fittings, profiles, tubes, films, sheets, wires, cables, and bottles, among other things.
Global PVC Films and Sheets market is expected to project a notable CAGR of 5.4% in 2030.
PVC Films & Sheets are utilized in a wide range of industries, including electronics, healthcare, building and construction, and so on. Stretch and shrink wrap for consumer and industrial goods are also possible using PVC film. PVC sheets, on the other hand, can be used for vinyl flooring, ornamental skin, wallpaper, and frosted window films, among other things. The increasing demand for sheets and films from end-use industries is a major element influencing the increase in production.
Global PVC Films and Sheets: Segments
Polyethylene segment to grow with the highest CAGR during 2020-30
Global PVC Films and Sheets market is segmented by type into Polypropylene, Polyethylene, and Polyvinyl Chloride (PVC). Amylase segment held the largest market share in the year 2020. PE-based films and sheets have qualities such as strong puncture resistance, heat sealer, and tensile strength, as well as lower production costs and higher end-product performance, making them appropriate for a wide range of applications. These films and sheets are also exceedingly flexible, low-temperature tolerant, resistant to bag tearing, translucent, and have good water vapor and alcohol barrier qualities. PE-based films and sheets are commonly utilized in multi-layer cast stretch film, agricultural greenhouse film, medium to heavy-duty bags, and lamination packaging film because of these qualities. LLDPE sheets, on the other hand, have outstanding cold resistance, excellent weather ability, and high welding strength, making them popular in construction.
Food Packaging segment to grow with the highest CAGR during 2020-30
Global PVC Films and Sheets market is divided by end-user into Food Packaging, Stretch Films, Shrink Films, Heavy Duty Bags, Film on Reel, and Others. In 2020, the Food Packaging sector is expected to lead the global market in terms of value, based on industry. Wet food, soup, processed meat, and frozen food packaging are all made with polyvinyl chloride, cast polypropylene, and aliphatic polyamides-based plastic sheets. Plastic films and sheets are suitable for a variety of food packaging applications due to their heat resistance, heat sealer, standard types, low-temperature sealing, antistatic types, lightweight, and easy-to-print information features. The expansion of food packaging is being driven by rapid changes in people’s lives and eating preferences, as well as the expanding population in emerging countries. Packaging reduces food waste by preventing chemical contamination and foodborne illnesses while also preserving food quality.
Demand in pharmaceutical industry
The burgeoning pharmaceutical business in emerging countries is fueling market expansion, thanks to rising drug demand, an ageing population, and an increase in chronic diseases. Plastic films and sheets are used to package medication tubes, pre-fillable syringes, labels, accessories, inhalers, vials, pouches for drugs, medical supplies, and other items, much as they are in the pharmaceutical industry. Polyvinyl Chloride (PVC) and Polyvinyl Dine Chloride (PVDC) are the most common materials used in pharmaceutical packaging, as they protect the product from oxygen and odor, moisture, water vapor transmission, contamination, and bacteria.
Rising demand for isolation curtains and packaged goods
The market for flexible polyvinyl chloride (PVC) films and sheets is likely to be influenced by the increased demand for isolation curtains, counter curtains, and driver isolation sheets. As a result, rigorous legislation and improved additives are boosting the quality of flexible PVC materials, which will benefit the growth of the flexible polyvinyl chloride (PVC) films and sheets market over the projection period. Furthermore, the expansion of the flexible polyvinyl chloride (PVC) films and sheets market is likely to be aided by rising domestic demand for packaged goods and beverages in emerging nations. The rise in disposable income and rising urbanization are two important factors that are projected to propel the market ahead.
Supply concerns and availability of substitutes
In the forecast period of 2021 to 2030, raw material supply concerns and workforce management are likely to be major restraints on the flexible polyvinyl chloride (PVC) films and sheets market growth rate. In the projected period, the simple availability of replacements is expected to pose a hurdle to the growth of the flexible polyvinyl chloride (PVC) films and sheets market.
Global PVC Films and Sheets: Key Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Shih-Kuen Plastics Co., Ltd.
Extruflex UK Limited
Vortex Flex Pvt. Ltd.
Walton Plastics, Inc.
Allen Plastic Industries Co. Ltd.
Changzhou HuiSu QinYe Co., Ltd.
Other Prominent Players
Global PVC Films and Sheets: Regions
Global PVC Films and Sheets market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market in APAC is expected to hold highest CAGR over the forecasted period. The primary contributors to the growth of the Plastic Films & Sheets market in APAC are China, Japan, South Korea, and India. The region’s demand has been fueled by rapid population expansion and rising living standards. Furthermore, in APAC, rising consumer spending power, rising demand for consumer and medical goods, and high agricultural production have boosted demand for Polyvinyl chloride, cast polypropylene, and Aliphatic Polyamides based plastic films and sheets. Furthermore, in the Asia Pacific area, fast urbanization, expanding infrastructural activity, and residential structures are supporting the expansion of plastic films and sheets.
Global PVC Films and Sheets is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global PVC Films and Sheets report also contains analysis on:
PVC Films and Sheets Segments:
Polyvinyl Chloride (PVC)
Heavy Duty Bags
Film on Reel
PVC Films and Sheets Dynamics
PVC Films and Sheets Size
Supply & Demand
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
PVC Films and Sheets Market
Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD 2.5 billion
Revenue forecast in 2030 USD 9.2 billion
Growth Rate CAGR of 5.4% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, end-user and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Ergis SA, IVK Europe, Shih-Kuen Plastics Co., Ltd., Extruflex UK Limited, Vortex Flex Pvt. Ltd., Walton Plastics, Inc., Grafix Plastics, Allen Plastic Industries Co. Ltd., Changzhou HuiSu QinYe Co., Ltd. and Other Prominent Players