The global PVDC-coated films market size is expected to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2025, projecting a CAGR of 7.0 % and the global acrylic coated films market size is expected to grow from USD 672 million in 2020 to USD 965 million by 2025, projecting a CAGR of 7.5 % during the forecast period between 2020 and 2025.
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PVDC and acrylic-coated films are used in various of end-use industries, including, health & personal care, and food & beverage. PVDC coated films and acrylic coated films have properties such as superior moisture barrier, excellent aroma barrier, mineral oil barrier, and high dimensional stability. They also possess characteristics such as superior optical properties, low sealing threshold, and high gloss performance. These films are used in packaging, printing, labeling, and many other applications. These films exhibit a broad sealing range and excellent machinability, which makes them suitable for all packaging machines. However, amidst the global COVID-19 pandemic, the demand for PVDC and acrylic coated films from the industries mentioned above is expected to show a decline.
Over the past years, PVDC and acrylic coated films manufacturers have strengthened their position in the global PVDC coated films market and acrylic coated films market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions. However, owing to lockdown announced by several countries in 2020, the demand for PVDC and acrylic coated films from food & beverage and health & personal care end-use industries has declined, which resulted in declined demand for PVDC and acrylic coated films.
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The major manufacturers profiled in this report include B.C. Jindal Group (India), Cosmo Films Ltd. (India), Vibac Group S.p.A. (Italy), SKC, Inc. (United States) and Vacmet India Ltd. (India), are some of the key players in the PVDC coated films market and acrylic coated films market. Mondi Group Plc (UK), Innovia Films (UK), SRF Limited (India), Polinas Corporate (Turkey) and Kureha Corporation (Japan), and among others. The PVDC and acrylic coated films business of these companies is severely affected due to the outbreak of COVID – 19 pandemic. Reduced demand for PVDC and acrylic coated films from several OEMs and disruption in the supply chain have compelled the PVDC and acrylic coated films manufacturing companies to operate at partial capacities. However, several manufacturers have focused their concentration on new product development. These developments, coupled with end-use industries resuming their operations at full capacities, would create demand for PVDC and acrylic coated films during the forecast period.
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