Polyvinyl Alcohol Films Market worth $577 million by 2028 – At a CAGR of 6.1%

As per the recently published report by MarketsandMarkets™, The Polyvinyl Alcohol Films Market by Grade Type (Fully Hydrolyzed, Partially Hydrolyzed), Application (Detergent Packaging, Medical & Healthcare, Polarizing Plates, Food Packaging, Agrochemical Packaging), & Region – Global Forecast to 2028″, is expected to grow at a CAGR of 6.1% during the forecast period, from an estimated USD 429 million in 2023 to USD 577 million by 2028. The increasing demand for polyvinyl alcohol films is driven by their eco-friendliness, versatility, and barrier properties. These films find applications in packaging, textiles, and agriculture due to their biodegradability and effective protection against moisture and oxygen, aligning with the growing global focus on sustainability and product preservation.

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  • 207 Market data Tables
  • 45 Figures
  • 221 Pages and in-depth TOC on “Polyvinyl Alcohol Films Market – Global Forecast to 2028”

This report also provides a comprehensive analysis of the companies listed below:

The polyvinyl alcohol films market is expected to continue to grow in the coming years due to the factors mentioned above. The key players in the market are focusing on developing new and innovative products to meet the growing demand. They are also expanding their geographic reach to tap into new markets. Players have adopted different strategies to strengthen their market positions and ensure long-term growth and success. These strategies enable them to efficiently meet the growing demand for types and applications by various industries. Also, companies operating in this market, such as Kuraray Co. (Japan), Sekisui Chemical Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Chang Chun Group (Taiwan), adopt acquisitions, new product launches, agreements, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.

Recent Developments in Polyvinyl Alcohol Films Market Industry

  1. In August 2022, Sekisui Chemical Co., Ltd. has announced to expand the PVOH manufacturing capacity to meet the growing needs of its downstream customers. With this expansion Sekisui Chemical Co., Ltd. remains committed to meeting customers’ needs with high quality products. This expansion will increase Sekisui’s PVOH capacity by as much as 25%.
  2. In May 2021, Mitsubishi Chemical Corporation has completed the acquisition of major shares of Nakai Industrial Co., Ltd., a film coating manufacturer. This acquisition enables Mitsubishi Chemical Corporation to quickly respond to the sophisticated demands of a wide range of customers for polyester films and polyvinyl alcohol films.
  3. In February 2020, Mitsubishi Chemical Corporation has completed the acquisition of European Engineering Plastics, a recycling company. This acquisition will allow MCC to establish an integrated business model for engineering plastics, and polyvinyl alcohol films, from manufacturing to sales, machining, collection, and reuse.
  4. In February 2023, Mitsubishi Chemical Corporation announces that it has decided to establish a new facility at the Okayama Plant to enhance the production capacity of GOHSENX and Nichigo G-Polymer, specialty brands of polyvinyl alcohol resin (PVOH resin). The facility is scheduled to start operation in October 2024.

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Kuraray Co. is a leading manufacturer of polyvinyl alcohol films. The company is primarily engaged in developing new fields of business using pioneering technology that improves the environment and enhances the quality of life throughout the world. It is involved in manufacturing and selling resins, chemical products, and high-performance materials. The company has endeavored to develop uniquely competitive types of polyvinyl alcohol based products such as optical-use polyvinyl alcohol film, which is crucial for LCD (liquid crystal displays). It operates through five business segments namely, vinyl acetate, isoprene, functional materials, fibers & textiles, and trading. The company offers polyvinyl alcohol films through its vinyl acetate business segment. It offers a wide range of polyvinyl alcohol films products such as EXCEVAL, POVAL, ELVANOL, and others. The company’s products are utilized in various industries such as paper processing, packaging, textiles, and electronics. It supplies customer-specific and application-engineered industrial products manufactured using advanced materials such as PVOH resin, methacrylic resin, and thermoplastic elastomers. Kuraray Co. has a strong business presence in more than 30 countries across North America, Europe, Asia Pacific, and South America. The company operates globally through its subsidiaries, with more than 50 production sites and sales offices worldwide.

Sekisui Chemical Co., Ltd. formerly known as Sekisui Sangyo Co., Ltd., is one of the leading global manufacturers and marketers of polyvinyl alcohol films. The company is recognized for its commitment to sustainability, offering eco-friendly polyvinyl alcohol film solutions that align with the global shift towards environmentally responsible materials. It operates through four business segments namely high performance plastic company, housing company, urban Infrastructure and environmental products company, and medical business. The company offers polyvinyl alcohol films products under its high performance plastic company business segment. It offers a wide range of products such as high performance resin, tape, medical products, interlayer film, pipe materials, functional plastic sheets and others for various end use industries such as electronics, medical, building and construction, and others. The company offers SELVOL polyvinyl alcohol film products for agrochemical packaging, detergent packaging, embroidery, adhesives, paper processing, and other applications. The company’s technologically advanced manufacturing processes ensure consistent quality and performance, bolstering its reputation for reliability among customers. Sekisui Chemical Co., Ltd. has strengthened its regional presence by operating through more than 50 subsidiaries worldwide. The company offers products and solutions to customers across the Americas, Asia Pacific, and Europe.

Mitsubishi Chemical Corporation is a leading global manufacturer of polyvinyl alcohol (polyvinyl alcohol) films. The company is committed to developing new and innovative polyvinyl alcohol film products to meet the evolving needs of its customers. It has a diversified business line which includes chemicals, polymers, resins, high performance chemicals, film & sheet, carbon, carbon fibers & composite material, environment & living solutions, and others. Its products are being utilized in a wide range of applications such as automotive, packaging, electronics & IT, energy, medical & healthcare, agriculture, food, and others. The company offers polyvinyl alcohol films under the trade name OPLFILM, which is used in polarizing films for liquid crystal displays (LCD). Additionally, Mitsubishi Chemical Corporation produces HI-SELON, a water-soluble film made from polyvinyl alcohol that has excellent heat-sealing properties and printability, making it ideal for use as a packaging material. Mitsubishi Chemical’s strategic focus on eco-friendly solutions has positioned it as a preferred choice for customers seeking sustainable packaging materials. The company’s dedication to environmental responsibility aligns with the growing global demand for eco-conscious packaging solutions, making it well-poised for continued growth in the polyvinyl alcohol films market. Mitsubishi Chemical Corporation has a well-established R&D center in Kanagawa, Japan. It has more than 20 manufacturing plants across Toyama, Kanto, Tokai, Hiroshima, and others across Japan. The company has a strong business presence across North America, Asia Pacific, and Europe.

BASF SE is a diversified chemical company and one of the leading manufacturers of polyvinyl alcohol films. The company has six operating business segments, namely, surface technologies, materials, chemicals, agricultural solutions, industrial solutions, and nutrition & care. It provides polyvinyl alcohol films through the nutrition & care business segment. BASF SE offers polyvinyl alcohol films under the brand name Kollicoat IR. The Kollicoat IR polyvinyl alcohol films are suitable for various applications such as pharmaceutical and healthcare. BASF SE is a leading global manufacturer of pharmaceutical and nutraceutical excipients, and its Kollicoat brand is well-known for its high quality and performance. The company is committed to developing new and innovative excipient products to meet the evolving needs of its customers. BASF SE has a business presence in more than 80 countries across the Americas, Europe, Asia Pacific, Africa, and the Middle East. It has 13 operating divisions with 84 strategic business units. BASF operates globally through its subsidiaries, with more than 338 production sites world wide.

Chang Chun Group was founded as the first petrochemical company in Taiwan. Over the years, the company has expanded its operations and product portfolio, and today it is one of the largest petrochemical companies in Taiwan and a leading player in the global market. The company’s product portfolio includes resins, solvents, synthetic rubbers, electronic materials, and others. Chang Chun Group is a major producer of PVOH, which is used in a wide range of applications, such as adhesives, coatings, and textiles. The company produces PVOH in various grades and has a strong presence in both the domestic and international markets. Apart from PVOH, the company’s segments are resins, including polyvinyl chloride (PVC) resin, acrylic resin, and alkyd resin. It also produces a range of solvents, including toluene, xylene, and butanol. Chang Chun Group produces synthetic rubber such as styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR). It manufactures electronic materials such as photoresists and specialty chemicals used in the semiconductor industry and a range of specialty chemicals such as surfactants, emulsifiers, and defoamers. These chemicals are used in various industrial applications such as detergents, coatings, and agrochemicals. The company serves various industries, including automotive, construction, textile, coating, adhesive, electronics, and energy. Chang Chun Group has a global presence and exports its products to over 80 countries worldwide. The company has established sales and distribution networks in Asia, Europe, and North America and has offices and subsidiaries in various countries, including the US, Germany, Japan, Singapore, and China.

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