Growing Demand From Food And Beverages And The Pharmaceutical Industry For Effective Packaging Of PVDC Material Significantly Drive The Market Growth: Cognitive Market Research

Global PVDC Market Overview 

Product Overview and Scope of PVDC

PVDC stands for Polyvinylidene chloride, which is a synthetic polymer commonly used in the production of food packaging films and coatings. It is a type of vinyl polymer that possesses excellent barrier properties against oxygen, moisture, and other gases. Due to its high barrier capabilities, PVDC is particularly suited for protecting food and other perishable products from external contaminants and spoilage factors.

PVDC has a low permeability to gases, making it an effective barrier against oxygen and moisture, which helps extend the shelf life of packaged products. PVDC films are transparent, allowing consumers to see the contents of the package. PVDC films can be easily heat-sealed to form a secure and airtight package. 

PVDC has good resistance to oils, fats, and most chemicals, which further enhances its ability to protect packaged goods. PVDC can be processed using conventional thermoplastic techniques like extrusion, coating, and lamination. Due to its barrier properties, PVDC has been widely used in food packaging applications, especially for products such as meat, cheese, snacks, and confectionery.

Global PVDC Market –Industry Analysis

Market Drivers

Demand from food & beverages and the pharmaceutical industry for effective packaging of PVDC material significantly drive the market growth

Consumers and retailers demand products with longer shelf lives to reduce waste and inventory turnover. By using PVDC-coated films and barrier laminates in packaging, food manufacturers can enhance the shelf life of their products by providing an effective barrier against oxygen, moisture, and other external contaminants. This helps maintain the quality, taste, and nutritional value of the food over an extended period.
Perishable goods are susceptible to spoilage caused by microbial growth, oxidation, and other factors. PVDC's barrier properties create a protective shield around the food, reducing the likelihood of spoilage and increasing the product's freshness and safety. Some food products are sensitive to exposure to air and moisture, leading to the degradation of essential nutrients. PVDC-coated packaging materials can preserve the nutritional value of such foods, ensuring that consumers receive products with optimal nutritional content. Effective packaging materials, like PVDC, not only prevent contamination but also provide an additional layer of protection against foodborne illnesses and pathogens, contributing to food safety and hygiene.
For instance, the United States Department of Agriculture reported that the total consumption value of packaged organic food and beverages in India amounted to 96 million US dollars in 2021. Their projection for 2022 indicated an expected increase, with the total consumption value estimated to reach 108 million dollars.

Pharmaceuticals are sensitive to environmental factors, such as moisture and oxygen, which can degrade their potency and efficacy. PVDC blister coatings and barrier laminates create a controlled environment for drugs, protecting them from external influences and maintaining their stability over their shelf life. The pharmaceutical industry operates under strict regulations regarding packaging and product safety. PVDC's barrier properties align with the stringent requirements set forth by regulatory authorities, making it a reliable choice for ensuring the integrity and safety of medical products.

PVDC blister coatings are often used for unit-dose medications, providing tamper-evidence and child-resistant features, which are crucial for pharmaceutical packaging. The use of PVDC in blister packaging can also help prevent counterfeiting of pharmaceutical products, as it offers an additional layer of security.

Thus, the increasing demand for PVDC material for packaging in both food & beverage, and pharmaceutical industries used for effective packaging materials that can protect the products during transportation, storage, and consumption eventually boost the PVDC market growth.

• Increasing demand from the construction industry significantly boosts the market growth

Global PVDC Revenue by Region (2018-2023)

Global PVDC Revenue and Market Share (%) by Region (2018-2023)

Global PVDC market was valued at USD XX, in 2022 and is expected to grow at a CAGR of 4.6% over the forecast period, from 2023 to 2030.

Global PVDC Market Regional Analysis

Global PVDC Market Regional Analysis

Based on region, Asia Pacific is dominating the PVDC market in terms of revenue market share throughout the forecast period. This is due to the presence of key players of PVDC in this region. Increasing demand for PVDC in Asian countries like China, India, and Japan. Growing demand for PVDC packaging in India due to the rising Indian economy, strong favorable demographics, increasing disposable income levels, rising consumer awareness, and demand for processed food in the country. Furthermore, various industries such as healthcare, personal care, and food & beverages are witnessing growth in Asia Pacific countries, which in turn is expected to boost the market demand in this region.

Global PVDC Market Segmentation Analysis

Global PVDC Market Segmentation Analysis by Application

•    Packaging
•    Coating
•    Wrapping
•    Lamination
•    Others

Global PVDC Market, by Application

Source: Cognitive Market Research

Based on the Application, the packaging segment is dominating the PVDC market during the forecast period. This is attributed to the increasing demand for PVDC in several types of packaging including food packaging and wrap, pharmaceuticals packaging, unit packaging for hygiene and cosmetic products, sterilized medical packaging, and others. PVDC is widely used in fresh meat packaging. Moreover, the rising demand for PVDC in food packaging due to improves the appearance of the packaging through its gloss, transparency, print adhesion, and scratch resistance. Various advantages of PVDC used in packing such as high levels of transparency offering the most attractive product presentation and display, excellent barrier qualities that extend the shelf life, and conservation of foods, outstanding heat-sealing properties help materials such as paper, cellophane, and other plastics to seal themselves effectively. Thus, this segment is increasing demand in the global PVDC market.

Global PVDC Market by Type:

•    PVDC Resins
•    PVDC Latex

Global PVDC Market by End-Use Industries:

•    Health & Personal Care
•    Food & Beverages
•    Construction
•    Others

Global PVDC Market Players

•    Asahi Kasei Corporation
•    Shanghai Metal Corporation
•    Solvay 
•    Sea Honest Film And Foil Corporation Limited
•    ACG
•    Fengchen Group Co., Ltd 
•    Cosmo Films
•    Perlen Packaging AG
•    UNITIKA LTD.
•    KUREHA CORPORATION
•    Polinas Corporate

Global PVDC Market Related Reports

•    Global PVDC Coated Films Market
•    Global Polyvinylidene Chloride (PVDC) Coated Films Market 
•    Global PVDC Shrink Bags Market
•    Global PVDC Barrier Film Market
•    Global PVDC Coating Food Packaging Market

Global PVDC Manufacturers Profiles/Analysis

Solvay

Solvay Basic Information, Manufacturing Base, Sales Area, and Competitors

Business Segment/ Overview:

Solvay specializes in offering several types of chemicals. The company is present at 99 locations in 61 countries. It has more than 22,000 employees in 61 countries. Solvay is organized into four operating segments: materials, chemicals, solutions, and corporate & business services. Materials offer a portfolio of high-performance polymers and composite technologies used primarily in sustainable mobility applications. Further, chemicals include products such as soda ash & derivative, peroxides, silica, and coatis.

Solvay produces soda ash, hydrogen peroxide, functional polymers, silica, surfactants, food and fragrance flavors, and other specialty polymers. Additionally, it offers its products to numerous industries, including the aerospace, alternative energy, automotive, chemical, construction, consumer goods, food and beverage, and oil and gas markets.

Further, its brand portfolio includes Amines, Antioxidants, and Stabilizers, Barium and Strontium Derivatives, Calcium and Magnesium Derivatives, Composites, Fluorine Derivatives & Lithium Derivatives.

PVDC Product Types Specification

Business Strategy

Solvay has a significant focus on inorganic development through the merger and acquisitions, to strengthen its foothold in the global market. For instance, the company has completed 50 M&A deals in the last 5 years. The company has developed an ambitious roadmap on climate, resources, and better life dimensions, including carbon neutrality, circularity, sustainable solutions for its customers, diversity, equity, and inclusion, and more, which is increasing the brand value of the company. For, this the company launched Solvay One Planet in 2020 and Solvay One Dignity in 2021.

Moreover, the company is engaged in strengthening its distributor network in different regions across the globe, to increase its geographical presence. Solvay is one of the leading providers of carbon fiber, advanced composite materials, adhesives, and surfacing films for the aerospace, automotive, oil & gas, and industrial markets, which is increasing its customer base.

 Solvay S.W.O.T Analysis

Strength

• Significant geographical reach in North America, Asia Pacific, Europe, and South America
• Invested $ 384.79 million and $ 328.56 million in research and development in the years 2022, and 2021 respectively
• Wide range of application industries
• The company has a presence at 99 locations in 61 countries

Weakness

• Fluctuations in raw material prices
• High employee turnover rate

Opportunity

• Growing application industries
• Increasing investment in research and development

Threats

• Fluctuations in exchange rates
• Tariff and trade barriers