PVCor Polyvinyl chloride has been one of the most widely manufactured syntheticpolymer in the world. The material continues to provide robust applications intwo varieties, the flexible PVC ad rigid one. The market is expected to witnessrobust demand for both these varieties, mainly in the packaging industry whichwill likely drive new opportunities for growth in the flexible PVCfilms market in the near future. The flexible PVC filmsmarket in particular will likely grow at 3.9% CAGR during 2018-2028 to drivemajor growth.
The demandfor packaging remains one of the most promising development on the horizon. Thegrowth of food and beverage industry, the growth of e-commerce, and increasingstringent regulations on single-use plastics globally, will promise newopportunities for growth for the flexible PVC films market in the near future.The flexible packaging provides a wide range of benefits to the packagingindustry in return. The key benefits include durable barrier protection,maintenance of humidity, and temperatures for perishable food items, andinnovative means of marketing and packaging. The demand for small and improveddesign is expected to drive new means of growth as costs continue to decline,and lightweight nature of the packaging becomes more appealing after prolongeduse.
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ClearFlexible PVCs to Maintain Their Lead
Amongdifferent products in the flexible PVC films market, the opaque flexible PVCfilms and clear flexible PVC films are prominently in use. Among these two, theclear flexible PVC films are likely to maintain their conventional dominantmarket share, which reached more than 60% in the earlier report. The increaseddemand for food hygiene, and the growing attractiveness of the transparentpackaging to consumers, plus the cost-effective nature of the packaging makesit the most attractive option for end-consumers. The packaing option is alsowitnessing growing demand in other industrial verticals including automotive,medical, textile, construction, among others. The growing regulations inEurope, and North America mandating the use of airbags for more passengers willalso create new opportunities for growth in the near future. The clear flexiblePVC films are manufactured using different techniques including lamination,extrusion, and others. Among these, the calendaring segment will hold more than45% of market share in 2017.
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North America Promises to RemainHome of Big Opportunities
Amongvarious regions, North America is expected to provide a major boost for growthfor 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 theregion like Walgreens have announced new in-house personal medicine, andpackaging services, thanks to advents like 3D printing. The expansion of thetechnology, and new opportunities due to the technology will create newopportunities for growth for the flexible PVC films market in North Americaregion.
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