PVC or Polyvinyl chloride has been one of the most widely manufactured synthetic polymer in the world. The material continues to provide robust applications in two varieties, the flexible PVC ad rigid one. The market is expected to witness robust demand for both these varieties, mainly in the packaging industry which will likely drive new opportunities for growth in the flexible PVC films market in the near future. The flexible PVC films market in particular will likely grow at 3.9% CAGR during 2018-2028 to drive major growth.
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The demand for packaging remains one of the most promising development on the horizon. The growth of food and beverage industry, the growth of e-commerce, and increasing stringent regulations on single-use plastics globally, will promise new opportunities for growth for the flexible PVC films market in the near future. The flexible packaging provides a wide range of benefits to the packaging industry in return. The key benefits include durable barrier protection, maintenance of humidity, and temperatures for perishable food items, and innovative means of marketing and packaging. The demand for small and improved design is expected to drive new means of growth as costs continue to decline, and lightweight nature of the packaging becomes more appealing after prolonged use.
Clear Flexible PVCs to Maintain Their Lead
Among different products in the flexible PVC films market, the opaque flexible PVC films and clear flexible PVC films are prominently in use. Among these two, the clear flexible PVC films are likely to maintain their conventional dominant market share, which reached more than 60% in the earlier report.
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The increased demand for food hygiene, and the growing attractiveness of the transparent packaging to consumers, plus the cost-effective nature of the packaging makes it the most attractive option for end-consumers. The packaing option is also witnessing growing demand in other industrial verticals including automotive, medical, textile, construction, among others. The growing regulations in Europe, and North America mandating the use of airbags for more passengers will also create new opportunities for growth in the near future. The clear flexible PVC films are manufactured using different techniques including lamination, extrusion, and others. Among these, the calendaring segment will hold more than 45% of market share in 2017.
North America Promises to Remain Home of Big Opportunities
Among various regions, North America is expected to provide a major boost for growth for the flexible PVC films market. The growth of flexible packaging, e-commerce, and growing demand for new solutions in the pharmaceuticals, medical, and automotive sector will drive growth. Major pharmacies in the region like Walgreens have announced new in-house personal medicine, and packaging services, thanks to advents like 3D printing. The expansion of the technology, and new opportunities due to the technology will create new opportunities for growth for the flexible PVC films market in North America region.
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