Global Flexible PVC Films and Sheets Market is valued at USD 4.49 Billion in 2021 and is expected to reach USD 8.63 Billion by 2028 with a CAGR of 5.42% over the forecast period.
Global Flexible PVC Films and Sheets Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Its increasing demand for packaging industries stagnant legislation and enhanced additives is one of the major factors driving the growth of Global Flexible PVC Films and Sheets Market.
Flexible PVC films and sheets are used in packaging industry because it has high versatility, recyclability and favorable environmental footprint. It is manufactured by adding plasticizers like phthalates, adipates, benzoates, trimellitates and citates. This sheets and films contains barrier properties to oil and grease and are also oxygen-permeable and puncture-resistant. It is used in different applications such as cable and wire insulation, medical devices, frinage pipes, window frames, automotive interiors and seat coverings, packaging, credit cards, vinyl records, fashion and footwear and other coated fabrics.
Covid-19 has affected the production and demand by disturbing the supply chain market and also financial impact on the firms. Additionally, the supply of raw material and workforce management has likely affected the manufacturers in the flexible PVC film and sheet market during Covid-19 lockdown. On the other hand, the widespread of Covid-19 has also fueled the market by increasing the demand of flexible PVC film and & sheet by increasing demand for driver isolation curtains, isolation curtain and many others.
The Global Flexible PVC Films and Sheets market is segmented on the basis of type, manufacturing technology, application and region & country level. On the basis of type, the global flexible PVC films and sheets market is classified as clear/transparent, opaque and semi-transparent/translucent. On the basis of manufacturing technology, the market is classified as calendaring, extrusion, lamination and others. On the basis of application, the global flexible PVC films and sheets market is classified as automotive, outdoor, packaging, textile, industrial and others. The automotive segment further sub-classified as seating, insulation, instrument panel, door system and others. The outdoor segment further bifurcated as sports & recreational, tent/roof and marquee and others. Packaging segment is further sub-classified as medical, construction, residential and commercial.
Flexible PVC Films And Sheets Market reports cover prominent players like
On October 21st, 2021; A new biobased plasticizer for use in the production of flexible PVC products ranging from flooring to wire and cable and film and sheet is the latest addition to bio industrial solutions from Cargill for its industrial customers throughout North America, with plans to expand the product globally. The first application for Biovero plasticizers was the production of home and commercial flooring. Flooring manufacturers are seeing high performance with the plant-based product while meeting regulatory requirements and consumer demands for phthalate-free products. Biovero plasticizer’s plant-based qualities reportedly allow manufacturers to produce goods more efficiently than conventional plasticizers, while reducing energy, scrap and material usage. The plasticizer joins a diverse portfolio of Cargill Bioindustrial plant-based solutions, ranging from asphalt rejuvenation, adhesives and binders, wax, dielectric fluids, lubricants and paints, coatings and inks.
On April 3rd, 2019; Extruflex North America LLC, a French-owned manufacturer of flexible PVC strips, sheet and transparent films, started extrusion operations in Birmingham, Ala. The move gives Paris-based Extruflex SAS extrusion operations in Europe, Asia and North America. Extruflex primarily makes flexible PVC strips and sheet for door and curtain applications. These are typically between 4 inches and 48 inches wide, and used for area separation and temperature control.
The advancement in technology and new innovations in the packaging industry is one of the major factors driving the growth of market. PVC sheets is light, cost-effective, flexible, transparent, tough and safe. For manufacturing of PVC for packaging, it requires less fuel and transport when compared with other packaging materials like metal or glass, and also helps to protects against contamination by preventing the spread of germs during manufacturing, distribution and display, especially in the form of cling film. In addition, it also has excellent barrier properties for oxygen and water which prevents unnecessary wastage of food. It also has a wide range of packaging application such as rigid film, cling and closure. The PVC provides cost effective and versatile material for the production of packaging for disposable syringes and medical devices, blisters and presentation trays for wide variety of foodstuffs and also for batteries, electronic parts and accessories, tools and toys, pharmaceutical tablets blisters, cling film for food, toiletries, bottle sleeving, adhesive tape and many others.
Additionally, its high demand for making isolation curtains, counter curtains and driver isolation sheets is another factor fostering the growth of the flexible polyvinyl chloride (PVC) films and sheets market. Many industries uses PVC curtains instead of having door, for the ease of movement and flexible and transparent which leads to increase the demand of PVC film and sheet market. Many companies have made new innovation in curtains, for example Pestology has launched Non-Phthalate PVC curtains for industries, and this curtains is more flexible and transparent, side effect free and cost effective. After the outbreak of Covid-19, there is tremendous demand for driver isolation sheet from many companies to decrease the spread of virus. Furthermore, the stagnant legislation and enhanced additives are improving the quality of flexible PVC materials.
However, the variability in supply of raw materials and workforce management are expected to act as key restraint factor for the growth of flexible polyvinyl chloride (PVC) films and sheets market. And also the easy availability of alternative is also expected to restrain the growth of the flexible polyvinyl chloride (PVC) films and sheets market. In spite of that, the increase in demand from different packaging and non-packaging application and cost effective material coupled with high durability and flexibility may create more growth opportunities for the further growth of the market.
North America expected to capture the largest share of the global flexible PVC films and sheets market. The increase in production sector activity can be linked to the presence of many PVC manufacturers globally who have increased their production capacity leading to lower prices thereby fueling higher consumption levels within these areas. Additionally, the rising demand for flexible PVC films and sheets in packaging, automotive and medical applications is also supplementing the market growth in this region. The U.S. holds considerable share of the global flexible PVC films and sheets market. The presence of key players in this region such as Berry Plastics, Amcor PLC., Avient, Printpack Holdings, Inc., Novolex Holdings., Sealed Air Corporation and many other such companies leads to drive the market in this region.
Europe is the second-largest region in the global flexible PVC films and sheets Market in terms of volume. The increase in the R&D activity by many companies to develop an innovative product in this market has driven the market in this region. Germany accounted the large share of the flexible PVC films & sheets market in Europe in 2019. More than 450,000 tons of PVC is used in packaging industries across European region in each year.
Asia Pacific is expected to show a significant growth in the PVC film and sheet market due to presence of leading manufacturers and consumers of flexible PVC films & sheets in this region. The demand for flexible PVC films & sheets is increasing in Asia Pacific region particularly in China and India, this is because of increase in consumption of plastic packaging. These countries are expected to offer high opportunities to the flexible PVC films & sheets market growth.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 4.49 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 8.63 Billion|
|Tables, Charts & Figures:||175|
|Key Players/ Manufacturers||Marvel Vinyls Limited, Ergis S A, IVK Europe, Shih-Kuen Plastics Co., Ltd., NAN YA PLASTICS CORPORATION, Riflex Film AB, Extruflex UK Limited, Vortex Flex Pvt. Ltd., Walton Plastics, Inc., Grafix Plastics, Win Plastic Extrusions, LLC, Allen Plastic Industries Co. Ltd., ChangZhou HuiSu QinYe Co., Ltd., Qingdao Coseal Industry Co., Ltd., and TMI International LLC. And others.|
|Segments Covered||By Type, By Manufacturing Technology, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|