Global PVDC Food Packaging Market 2019-2023
About this market
Increase in adoption of pouch packaging is expected to drive growth in the market. Changing consumer lifestyles and shift in consumer preference toward flexible packaging solutions that offer ease of holding, storage, transportation, and convenient to use have led to an increase in the demand for packaging solutions. Technavio’s analysts have predicted that the PVDC food packaging market will register a CAGR of almost 3% by 2023.
Growing demand for PVDC films as barrier material
Various properties of PVDC such as transparency, scratch and abrasion resistance, suitable for gloss and printing, and more moisture and chemical resistance against alkalis make it popular barrier material.
Rising popularity of high barrier BOPP
BOPP are having higher aesthetic performance, cost-efficiency, greater strength and good moisture transmission rate compared to PVDC-coated films. This is expected to restrict the market’s growth.
For the detailed list of factors that will drive and challenge the growth of the PVDC food packaging market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Marubeni Europe and Sealed Air the competitive environment is quite intense. Factors such as the increase in adoption of pouch packaging and the growing demand for PVDC films as barrier material, will provide considerable growth opportunities to PVDC food packaging manufactures. Caprihans, CCL Industries, Jindal Poly Films, Marubeni Europe, and Sealed Air are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global PVDC food packaging Market 2019-2023
Technavio recognizes the following companies as the key players in the global PVDC food packaging market: Caprihans, CCL Industries, Jindal Poly Films, Marubeni Europe, and Sealed Air.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase in adoption of pouch packaging.”
According to the report, one of the major drivers for this market is the growing demand for PVDC films as barrier material.
Jindal Poly Films
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