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According to the latest report by MarkNtel Advisors, titled “Global Polyvinyl Alcohol Films Market By Grade (Fully Hydrolyzed, Partially Hydrolyzed, Sub-Partially Hydrolyzed, Low Foaming Grade), By Application (Detergent Packaging, Agrochemical Packaging, Polarizing Plates, Laundry Bags, Embroidery, Others (Pharmaceuticals, Food Packaging, etc.)), Others ,The Global Polyvinyl Alcohol Films Market size is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024–30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-30): 6.4%
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Increasing Automotive Production Inducing Demand for Polyvinyl Alcohol Films – Over the past few years, automotive manufacturing companies have been focusing on the expansion of their manufacturing capabilities across countries such as China, Japan, India, the UAE, etc. This expansion has been playing a vital role in the growth of the automotive industry worldwide. The major automotive manufacturers have set up their production units in China and Southeast Asian countries due to lower labor costs, favorable taxation policies, the availability of raw materials, and efficient supply chains.
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-By Grade
The fully hydrolyzed PVA segment holds the largest share of the market, primarily due to its widespread utilization in the production of PVA Films. This variant is extensively employed across various applications, including pharmaceutical packaging.
-By Application
In recent years, detergent packaging has emerged as the predominant application for water-soluble films, demonstrating steady expansion over the forecast period.
-By Region
The Asia-Pacific region has experienced considerable growth in the Polyvinyl Alcohol (PVA) Films Industry.
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Polyvinyl Alcohol Films Market Share Polyvinyl Alcohol Films Market Trends Polyvinyl Alcohol Films Market Growth