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Global PVDC Barrier Material Market Report 2018-2029
Global PVDC Barrier Material Market Report 2018-2029

Pages: 142       Published Date: Jun 29 2023       Category: Other       Report ID: HJR288349
PVDC Barrier Material, or polyvinylidene chloride, is a thermoplastic polymer widely used for its outstanding barrier properties to protect products from moisture, gas, and odors. PVDC resins are commonly used in food packaging, pharmaceuticals packaging, hygiene and cosmetic products, sterilized medical packaging, and other applications that require high barrier protection.

The global PVDC barrier material market size is estimated to reach $1,371 million by 2022, registering a CAGR of 2.3% during the forecast period (2017-2022). The increasing demand for convenient and sustainable packaging solutions, coupled with the growing food and pharmaceutical industry, is driving the growth of the PVDC barrier material market.

Food Packaging and Wrap:

The food packaging and wrap segment holds the largest market share, accounting for around 41% in 2019. PVDC films are widely used in food packaging due to their excellent oxygen and moisture barrier properties, which help in minimizing food spoilage and extending the shelf life of the products. The increasing demand for ready-to-eat and packaged food products is expected to further fuel the growth of the food packaging and wrap segment.

Pharmaceuticals Packaging:

The pharmaceuticals packaging segment is also witnessing significant growth, as there is a growing need for high barrier protection in the packaging of medicines, medical devices, and other pharmaceutical products. PVDC barrier material is widely used in blister packaging and pouches to protect drugs from degradation and contamination due to the external environment.

Unit Packaging for Hygiene and Cosmetic Products:

The unit packaging for hygiene and cosmetic products segment is also seeing steady growth, as the demand for personal care and hygiene products is increasing worldwide. PVDC barrier material is used to protect the products from moisture, light, and air, and to maintain their quality and shelf life.

Sterilized Medical Packaging:

The sterilized medical packaging segment is also expected to witness significant growth, as there is a growing need for sterilized packaging solutions to protect medical products and devices from contamination and infection. PVDC barrier material is widely used in medical packaging, such as pouches and bags, to ensure the safety and efficacy of medical products.

Global Manufacturers:

The global PVDC barrier material market is highly consolidated, with a few key players dominating the market. Some of the major global manufacturers include Dow, Kureha, Asahi Kasei, Juhua Group, Solvay, Nantong SKT, and Keguan Polymer. These companies are focusing on new product development, mergers and acquisitions, and strategic partnerships to expand their market share and strengthen their position in the market.

In conclusion, the PVDC barrier material industry is witnessing steady growth, driven by the increasing demand for convenient and sustainable packaging solutions for food, pharmaceuticals, personal care and hygiene products, and medical devices. The market is expected to continue to grow over the next few years, with key players investing in new product development and strategic partnerships to capitalize on the growing demand for high barrier protection solutions.

The SWOT analysis of the PVDC Barrier Material industry is as follows:

Strengths:
1. Excellent barrier properties: PVDC is known for its exceptional barrier properties against oxygen, moisture, and other gases. This makes it ideal for packaging materials, particularly for food and pharmaceutical products.
2. High temperature resistance: PVDC can withstand high temperatures, which means it can be used in applications where other plastics might melt or deform.
3. Good chemical resistance: PVDC is resistant to many chemicals, which makes it an excellent choice for protecting products that may interact with other materials.
4. Low permeability: The low permeability of PVDC barrier materials makes them ideal for packaging products that require a longer shelf life.
5. Cost-effective: PVDC is relatively low cost, making it an attractive option for companies looking to lower their costs.

Weaknesses:
1. Limited availability: PVDC is not widely available as compared to other packaging materials, which could limit its use.
2. Environmental concerns: PVDC is not biodegradable and can release harmful substances during manufacturing and disposal, which can be a source of concern for environmentalists and consumers.
3. Barrier performance can degrade over time: The barrier properties of PVDC can be affected by environmental conditions such as heat and light, leading to a reduction in performance over time.
4. Limited recyclability: PVDC cannot be recycled easily, which means that it is not an environmentally friendly option.

Opportunities:
1. Growing demand for sustainable packaging: The increasing focus on sustainable packaging solutions presents an opportunity for PVDC manufacturers to explore new ways to make their products more environmentally friendly.
2. Advancements in technology: Technological advancements in the manufacturing process of PVDC could make it easier and cheaper to produce.
3. Increased focus on product safety: Increasing concerns about product safety and food hygiene are driving demand for high-quality barrier materials in the food and pharmaceutical industries.

Threats:
1. Competition from other materials: PVDC faces competition from other packaging materials that offer similar properties, such as EVOH and polyethylene terephthalate (PET).
2. Regulatory pressures: Increasing regulations on packaging materials could limit the use of PVDC and other traditional packaging materials.
3. Volatility in raw material prices: Fluctuations in the prices of raw materials could affect the cost and availability of PVDC barrier materials.

Key players in global PVDC Barrier Material market include:
Dow
Kureha
Asahi Kasei
Juhua Group
Solvay
Nantong SKT
Keguan Polymer

Market segmentation, by product types:
PVDC resins
PVDC latex

Market segmentation, by applications:
Food Packaging and Wrap
Pharmaceuticals Packaging
Unit Packaging for Hygiene and Cosmetic Products
Sterilized Medical Packaging
Others

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