PVDC Barrier Material Market By Type (PVDC Resins, PVDC Latex) By Application (Food Packaging and Wrap, Pharmaceuticals Packaging, Unit Packaging for Hygiene and Cosmetic Products, Sterilized Medical Packaging, Others) - Growth, Future Prospects, And Competitive Analysis, 2016 -2028

About this report

The global PVDC Barrier Material Market report explores the critical analysis of the PVDC barrier material industry using key parameters. The report consists of investment strategies, the need for investments in the PVDC barrier material industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the PVDC barrier material industry's global technical regulations and how economic and non-economic barriers are helping the market grow. Moreover, the report examines historical and projected global, regional, and country market sizes. The report also examines key investment propositions, the demand and supply gap, SRC analysis, competitor positioning, STAR analysis, and Tornado analysis. Important technological developments and other analyses, such as Value Chain, Porter's Five Forces, PESTEL, etc.


Key Highlights of the report

How are the major segments performing in the Global PVDC Barrier Material Market?

The PVDC resin type segment dominated the market in 2021 due to the unique properties of PVDC resin barrier material, widely used in food packaging for products with high-fat content, strong fragrances, and flavors. It is also used in packaging dehydrated foods, dairy products, confectionery, meat, sausages, smoked fish, pates, and dried products such as herbs, spices, coffee, and tea.

The pharmaceutical packaging segment led the global market in terms of application in 2021 and is expected to continue throughout the projection period. Pharmaceutical packaging uses PVDC barrier material to shield the contents from light, gas, and moisture. It helps to extend the shelf life of the products and prevents contamination. PVDC barrier material can also be used to prevent the formation of ice crystals on frozen food items. As a result, it is widely used in pharmaceutical packaging around the world.

Which region dominated the Global PVDC Barrier Material Market?

Asia Pacific dominated the global PVDC barrier material market in 2021 due to escalating demand from the region's food and pharmaceutical packaging industries. Besides, countries such as China, South Korea, and India are among the top producers of PVDC resins, fueling the market's expansion. This results from the region's quick industrialization, rising investments in food packaging, and heavy use of PVDC barrier materials. In addition, the region's market is expected to grow due to rising adoption rates, changing lifestyles, and increased demand for ready-to-eat food products. Growth in the production of packaging and laminations is also expected to boost regional demand over the forecast period.

What is the competitive environment of the Global PVDC Barrier Material Market?

A key trend observed in the global PVDC barrier material market is market players' approach to business expansion through strategic initiatives to increase market reach. The industry frequently introduces new products and expands its capacity. For instance, SK Global Chemical Co. Ltd, a global producer of specialty chemicals and advanced materials, completed the acquisition of Arkema S.A.'s functional polyolefins business in June 2020. This acquisition is expected to help the company improve its global market position. Similarly, in September 2020, KM Packaging, a supplier of lidding films and flexible packaging, launched a new line of mono-polymer material lidding films made from polypropylene (PP).

Executive Summary

What are technical developments being developed in the Global PVDC Barrier Material Market?

Although PVDC has been around for a long time, new grades of PVDC latex and resins have recently been introduced, providing better barriers than the traditional standard grades. Reduced oxygen and water vapor transmission rates enable flexible packaging converters to offer higher barrier, lighter-weight, and less expensive packaging solutions. PVDC barrier resin demand in the pharmaceutical industry has increased due to advancements in manufacturing techniques and continuous development in barrier resins. This growth is expected to be greatest in emerging economies such as India, Brazil, and China, where increased wealth and growing awareness of improved healthcare facilities and healthier lifestyles will support it. For instance, Solvay and Carbios successfully demonstrated in 2021 that multi-layer PET1 films coated with Diofan PVDC2 high-barrier polymer are fully compatible with Carbios' innovative recycling process, enzymatic depolymerization. The PVDC remains intact, whereas the PET has completely depolymerized, according to the results.

Which are the key investments by the players in the Global PVDC Barrier Material Market?

Increasing investment by major players for R&D activities and introducing innovative packaging solutions to increase market penetration drive global market growth. Compared to other non-coated materials, PVDC barrier materials have higher manufacturing capital requirements. This is due to the high costs incurred by the various procedures necessary to produce these films. Companies are likely to invest heavily in R&D activities. The use of collaborations as a strategic tool by businesses engaged in new product development is also anticipated to increase. For instance, Dow Chemical Company has partnered with the Vishakha Group in India to address the issue of recycling barrier films. Dow Packaging & Specialty Plastics (P&SP), a business unit of The Dow Chemical Company, announced at PlastIndia 2018 the advancement of a collaboration with Vishakha Group, a local barrier film manufacturer, to manufacture recyclable barrier films for liquid packaging.

Some of the major players in the market are DowDuPont, Kureha, Asahi Kasei, Juhua, Solvay, Nantong SKT, and Keguan Polymer.

What are the Major Driving Factors for the Global PVDC Barrier Material Market?

The growing demand for food packaging and pharmaceuticals drives the global PVDC barrier material market. The PVDC barrier material protects against moisture, oxygen, and other gases. It also has a high mechanical strength and heat resistance. Besides, it does not interact with food or pharmaceutical products. This makes it ideal for food, cosmetic, and pharmaceutical packaging. Moreover, rising disposable income and changing consumer lifestyles are expected to drive market growth during the forecast period.

What are the Major Risks for the Global PVDC Barrier Material Market?

Rising bio-plastic consumption and the availability and application of various alternatives are major factors impeding the growth of the global PVDC barrier material market. Stringent government regulations governing product approval, political & environmental norms, and rising packaging costs are also expected to limit market growth over the forecast period.

Which is the key Type in the Global PVDC Barrier Material Market?

The PVDC resins segment dominated the market in 2021 and is expected to continue throughout the projection period. The unique properties of PVDC resins barrier material, broadly used in food packaging for products with high-fat content, strong flavors, and fragrances, are attributed to this segment's growth. PVDC resins are a specific type of PVDC barrier material. They are vinyl chloride monomer (VCM) and polyvinylidene chloride (PVC) polymer. These resins have high moisture and gas barriers, making them ideal for food packaging applications. The rise in flexible food packaging drives up demand for PVDC resins. Additionally, it is used to package dried goods like spices, herbs, tea, and coffee, dehydrated foods, confections, dairy products, meat, smoked fish, sausages, and pates.

How is the Global PVDC Barrier Material Market performing in regions?

In 2021, Asia Pacific dominated the PVDC barrier material market, which is anticipated to last throughout the forecast period. The region's target market is expanding due to the region's countries' thriving pharmaceutical industries. Additionally, it is anticipated that the development of packaging regulations and the growing emphasis of drug manufacturers on adopting improved packaging solutions will aid in expanding the regional market. Regional emerging economies such as India, South Korea, China, and Indonesia are expected to grow rapidly. Population growth and rising living standards are expected to propel the food and beverage sector, driving the PVDC barrier material market in the region.

Besides, North America is expected to be the fastest-growing regional market during the forecast period. PVDC barrier material is in high demand for packaging materials of various medicines and pharmaceutical products due to its excellent properties, including moisture resistance. It guards against water vapor, odor, and bacteria. The rising incidence of cancer and cardiovascular diseases is expected to generate demand from the medical sector, fueling market growth in the region. The U.S.'s rising medical costs also contribute to the market's expansion.

What is the regulatory landscape for the Global PVDC Barrier Material Market?

The demand for better packaging for perishable goods has contributed significantly to the growth of the global PVDC barrier material market. The distinct properties of polyvinylidene chloride (PVDC) have aided in developing long-lasting packaging materials. Several developments have contributed to the noticeable changes in the functional dynamics of the packaging sector over the last decade. Government agencies regularly inspect this industry to evaluate its operations because it has primarily been scrutinized. Improved retail item packaging is also required due to the evolving dynamics of global supply chains. However, strict government regulations governing product approval limit market growth.

What is the Market Size of the PVDC Barrier Material regarding value?

The global PVDC barrier material market is anticipated to grow at a substantial CAGR of 2.5% in the upcoming years. The global PVDC barrier material industry was estimated to be worth USD 1518.4 million in 2021 and was expected to be worth USD 1760.87 million by 2028.

What are the major players planning for the future of the Global PVDC Barrier Material Market?

Demand has increased as the pharmaceutical industry has grown. PVDC barrier material resins will benefit from technological advancements in blister packaging and drug delivery devices. The emergence of nanotechnology has also boosted the pharmaceutical packaging industry's market growth. The market has grown due to developing economies with rising demand and globalization. The industry constantly uses acquisition-based capacity expansion and the launch of new products. For instance, Solvay and Bayer announced their successful acquisition of Bayer's global coatings business in July 2021, with headquarters in Mereville, France, and tolling operations in the United States and Brazil. This acquisition is part of Solvay's strategy to expand its portfolio of sustainable, bio-based solutions for agricultural customers.

Segmentation of Global PVDC Barrier Material Market-

Global PVDC Barrier Material Market – By Type

  • PVDC Resins
  • PVDC Latex

Global PVDC Barrier Material Market – By Application

  • Food Packaging and Wrap
  • Pharmaceuticals Packaging
  • Unit Packaging for Hygiene and Cosmetic Products
  • Sterilized Medical Packaging
  • Others

Global PVDC Barrier Material Market – By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global PVDC Barrier Material Market

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.

PVDC Barrier Material Market Scope

Report Attribute Details
Market Value in 2021 USD 1518.4 million
Market Value in 2028 USD 1760.87 million
CAGR 2.5%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Oct 2022
Category:  Advanced Materials
Report ID:   60713
Report Format:   PDF
Pages:   120
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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