Polyvinyl Alcohol (PVA) Films Market Analysis and Trends Report for 2019 - 2024: Global Market Insights, Inc. Polyvinyl Alcohol (PVA) Films Market is expected to witness lucrative growth prospects subject to this very factor. A paradigm shift has been observed in consumer preferences toward biodegradable packaging solutions, which will fuel the product demand. Certain materials are strictly restricted for usage in the packaging industry. The stringent enforcement of these regulations coupled with the changing living standards of people will push the growth of polyvinyl alcohol films market Water soluble PVA films industry collected a revenue of USD 241 million in 2015 and will collect considerable revenue of USD 376 million by the end of 2024. North America water soluble polyvinyl alcohol films industry will cover maximum regional revenue share over the years ahead, driven by the growing packaging sector. U.S. is slated to be the prominent revenue contributor toward the market growth.
Pertaining to the superior properties of biodegradability, water solubility, and low toxicity, polyvinyl alcohol films are primarily used in detergents. PVA films market share from detergent packaging applications will exhibit the highest annual growth rate of 4.4% over the coming seven years. The escalating usage of the product for industrial and residential detergents will augment the industry growth.
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