According to a new market research report published by sheer analytics and insights, “The Polyvinyl Chloride (PVC) Films Market was $1.7 Bn in 2020, and it is expected to reach $2.6 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 3.9% between 2021-2031”, as per the latest market research report titled Polyvinyl Chloride (PVC) Films Market – Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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Increased demand especially from the packaging and the medical industries will help to accelerate the growth of this market during the forecasted period. Also, the adoption of PVC films as a cost-effective packaging solution will also help in the growth of the market. The current COVID-19 pandemic has impacted the Polyvinyl Chloride (PVC) Films market because of the lockdown imposed by governments to stop the spread of this pandemic. An unlimited range of the applications of PVC films from packaging to building, construction, and the ability of the producers to produce continuously to meet the challenges of the industry will also help the market to grow during the forecasted period.
The primary key players in Polyvinyl Chloride (PVC) Films Market include Pactiv LLC, Tekra, LLC, Presco, Teknor Apex, Achilles USA, Inc., Formosa Plastics Corporation, Covestro AG, Shin-Etsu Chemical Co. Ltd., Westlake Chemical Corporation, LG Chem.
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The Polyvinyl Chloride (PVC) Films Market Has Been Segmented Into:
Global Polyvinyl Chloride (PVC) Films Market, By Technology
Global Polyvinyl Chloride (PVC) Films Market, By Product
- Rigid PVC Films
- Monomeric Flexible PVC Films
- Polymeric Flexible PVC Films
Global Polyvinyl Chloride (PVC) Films Market, By End-Use
- Food & Beverage Packaging
- Non-food Beverage Packaging
- Building Materials
Global Polyvinyl Chloride (PVC) Films Market, By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- South Africa
- Rest of LAMEA
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