Calendered Polyvinyl Chloride Flexible Films Industry Overview
The global calendered polyvinyl chloride flexible films market size was valued at USD 16.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Factors, such as increasing global demand from the building construction industry and the surging demand for calendered polyvinyl chloride (PVC) flexible films in food and beverage packaging applications are anticipated to fuel the growth of this market across the globe.
Calendered polyvinyl chloride flexible films are used across various end-use industries owing to their lightweight, sturdiness, and abrasion resistance. Moreover, they are resistant to all inorganic chemicals and can withstand extreme climatic conditions, and are corrosion-free. According to a report published by the New Plastics Economy Global Commitment, approximately 60% of the signatory group (players committed in the aforementioned program), including packaging product manufacturers, and retailers that employ single-use cutlery, Polystyrene (PS), polyvinyl chloride, or carbon black, have planned to remove these plastic packaging materials from their portfolios as there is a significant global shift toward using reusable/recyclable packaging materials from conventional packaging materials.
Gather more insights about the market drivers, restrains and growth of the Global Calendered Polyvinyl Chloride Flexible Films market
The U.S. calendered polyvinyl chloride flexible films market is expected to witness slow growth as there is limited cross-border trade between the countries on account of the COVID-19 pandemic. The market is primarily driven by the rising demand for calendered PVC flexible films in medical applications for manufacturing capsules, tablets, drainage bags, and other medical equipment. The demand for plastics in various applications, including packaging, construction, electrical electronics, automotive, agriculture, and consumer goods, is expected to grow after the current pandemic ends.
The demand for calendered polyvinyl chloride flexible films in packaging is expected to shift toward food packaging applications owing to the increasing demand for takeaways and the shutdown of restaurants and foodservice outlets amid the pandemic. The stockpile and panic purchases of food, groceries and other homecare necessities are further expected to accentuate the aforementioned trend in the U.S. Furthermore, the demand for calendered polyvinyl chloride flexible films in premium goods and non-food packaging is expected to rise significantly as supermarkets and convenience stores have started operations at full capacities.
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Calendered Polyvinyl Chloride Flexible Films Market Segmentation
Grand View Research has segmented the global calendered polyvinyl chloride flexible films market based on end-use and region:
Calendered Polyvinyl Chloride Flexible Films End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- Pharmaceutical
- Medical
- Automotive
- Building Construction
- Consumer Goods
- Industrial
Calendered Polyvinyl Chloride Flexible Films Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa (MEA)
Key Companies profiled:
Some of the prominent players in the calendered polyvinyl chloride flexible films market include:
- Mississippi Polymers, Inc.
- Teknor Apex Company, Inc.
- Canadian Speciality Vinyls
- South Asia Plastics Group
- ACG
- Caprihans India Limited
- Mondorevive S.p.a.
- ALFATHERM SpA
- HEXIS S.A.S.
- ZHONGSHAN LIN-YANG PLASTIC CO.LTD.
- RENOLIT SE
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