According to the new market research report "PVDC Coated Films Market and acrylic coated films by film type (PP, PVC, PET, others), Coating Side (single-side coated and double-side coated), Application (packaging, labelling, and others) , End-use Industry, Region - Global Forecast to 2025″, The global PVDC coated films market size is expected to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 7.0% and The global acrylic coated films market size is expected to grow from USD 672 million in 2020 to USD 965 million by 2025, at a CAGR of 7.5% during the forecast period. PVDC and acrylic coated films are extensively being used in the food & beverage and health & personal care end-use industries. The increasing food & beverage industry support the demand for PVDC and acrylic coated films in the industry.
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PVDC coated and acrylic coated PP films offer high gas barrier and excellent seal strength, which enhances the properties of the film. These films also possess good aroma barrier, high stiffness, excellent oxygen & moisture barrier, superior dimensional stability, and low sealing threshold, which makes them suitable for food packaging. Acrylic-coated PP films are useful in the packaging of snacks, cigarettes, and other food items.
Single-side PVDC coated films account for the major share of the overall market. These films are used in packaging meat, snacks, cheese, and other food products. They are widely used with PVC, which makes them suitable for the packaging of pharmaceutical products, where they are used in the form of blister films. Acrylic films are mostly coated on a single side. Coating done on one side of the film allows the other side to remain untreated. The other side can be coated with PVDC, which increases the shelf life of the product. This type of film is used in food packaging applications.
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175 – Tables 53 – Figures 213 – Pages
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PVDC and acrylic coated films are used in a various of end-use industries, including, health & personal care, and food & beverage. PVDC coated films and acrylic coated films have properties such as superior moisture barrier, excellent aroma barrier, mineral oil barrier, and high dimensional stability. They also possess characteristics such as superior optical properties, low sealing threshold, and high gloss performance. These films are used in packaging, printing, labeling, and many other applications. These films exhibit a broad sealing range and excellent machinability, which makes them suitable for all packaging machines. However, amidst the global COVID-19 pandemic, the demand for PVDC and acrylic coated films from the industries mentioned above is expected to show a decline. The global PVDC coated films market size is expected to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2025, projecting a CAGR of 7.0 % and the global acrylic coated films market size is expected to grow from USD 672 million in 2020 to USD 965 million by 2025, projecting a CAGR of 7.5 % during the forecast period between 2020 and 2025.
Over the past years, PVDC and acrylic coated films manufacturers have strengthened their position in the global PVDC coated films market and acrylic coated films market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions. However, owing to lockdown announced by several countries in 2020, the demand for PVDC and acrylic coated films from food & beverage and health & personal care end-use industries has declined, which resulted in declined demand for PVDC and acrylic coated films.
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The major manufacturers profiled in this report include B.C. Jindal Group (India), Cosmo Films Ltd. (India), Vibac Group S.p.A. (Italy), SKC, Inc. (United States) and Vacmet India Ltd. (India), are some of the key players in the PVDC coated films market and acrylic coated films market. Mondi Group Plc (UK), Innovia Films (UK), SRF Limited (India), Polinas Corporate (Turkey) and Kureha Corporation (Japan), and among others. The PVDC and acrylic coated films business of these companies is severely affected due to the outbreak of COVID - 19 pandemic. Reduced demand for PVDC and acrylic coated films from several OEMs and disruption in the supply chain have compelled the PVDC and acrylic coated films manufacturing companies to operate at partial capacities. However, several manufacturers have focused their concentration on new product development. These developments, coupled with end-use industries resuming their operations at full capacities, would create demand for PVDC and acrylic coated films during the forecast period.
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