Polyvinyl Chloride (PVC) films are thermoplastic compound, casted into thin sheets. Owing to its high viscosity, it's used in complex shaped films and sheets such agricultural films and PVC leather. It has properties such as strength, durability, hardness, etc. and with the addition of plasticizers can be made more flexible and soft. Its properties make it seamless to use as packaging material and thus it significantly finds applications in packaging industry.
This market finds major application in packaging with rigid film, flexible film (cling film) and closures. Industrial applications of polyvinyl chloride (PVC) films include majorly clear PVC films and opaque PVC films.
This report examines the global polyvinyl chloride (PVC) films market and provides information regarding the revenue (USD Million) and volume (Kilo Tons) for the period 2018 to 2026. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
The plastic films market and plastic sheets market is expected to grow at a decent pace during the coming decade driven by its increasing application in food and pharmaceutical packaging. Plastic films and sheets are primarily made of polyethylene and polypropylene. The increasing disposable of the consumers together with the growing demand for packaged food is driving the market for plastic films & sheets. The market is projected to register a CAGR of XX% between 2018 and 2026 to reach $XX Billion, by 2026.
Asia-Pacific holds a significant market share in the plastic films market & plastic sheets market. China leads the Asian market in terms of demand for plastic films & sheets. Asia-pacific is thus expected to maintain its dominance in the global market owing to the steady growth in China and India. The market is experiencing slow growth in Europe and North America due to maturing of these economies. The decline in demand for food packaging in Italy resulted in reduced demand for plastic films & sheets in the country.
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