Frequently Asked Questions
The global PVDC barrier material market also suffered from the COVID-19 pandemic, which resulted in a decline of over 1.5% in revenue generated in 2020.
Asia Pacific region accounted for the highest share in the global PVDC barrier material market regarding value and volume.
The rising demand for food packaging and wrap, pharmaceutical packaging, and unit packaging for hygiene and cosmetic products is driving global market growth. Moreover, increasing awareness of food hygiene and safety contributes to the growth of this market.
The PVDC resins segment had a major share in 2021, with more than 72% of the market revenue. Besides, PVDC latex is projected to witness the fastest growth.
Pharmaceutical packaging had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.