Global PVDC Barrier Material Market 2027 - Drivers & Challenges
Global PVDC Barrier Material Market: Overview
The need for improved packaging of perishable goods has played an integral role in the growth of the global PVDC barrier material market. The distinct properties of polyvinylidene chloride (PVDC) have helped in the development of durable packaging materials. Furthermore, the quest of the packaging industry to use high-end materials for wrapping food materials has propelled market demand. The striking changes in the functional dynamics of the packaging industry over the last decade can be attributed to several developments. Primarily, the packaging sector has come under the radar of scrutiny, and government authorities conduct regular inspections to test its operations. Furthermore, changing dynamics of global supply chains have also generated the need for improved packaging of retail items.
A custom report added by Transparency Market Research (TMR) on the global PVDC barrier material market unravels some of the leading demand drivers. The global PVDC barrier material market can be segmented on the basis of type, application, and region. The demand for PVDC barrier material for pharmaceutical packaging has been escalating over the past decade.
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Global PVDC Barrier Material Market: Notable Developments
As the packaging industry encapsulates new dimensions, the PVDC barrier material market is set to witness key developments.
- Tekni-Plex has ventured into the domain of innovative packaging solutions, and is looking to cause disruptions in the industry. The company is set to exhibit its unit dose packaging solutions and cleanroom bags at CPHI InnoPack in Frankfurt. The company’s exhibits are meant to improve the standard of packaging within the pharma and medical industries. This move by Tekni-Plex could play to the advantage of several other players who would partner with the parent company.
- SK Global Chemical is a renowned industry player that has now turned the plug on for acquisitions. The company recently acquired the functional polyolefin business of Arkema. The former aims to consolidate its position in the packaging industry through this acquisition. Arkema is a French manufacturer of advanced materials and specialty chemicals. The global PVDC barrier material market is projected to earn fresh revenues via this acquisition.
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Some of the leading vendors operating in the global PVDC barrier material market are:
- Juhua Group Corporation
- Zhe Jiang Keguan Polymer Co., Ltd.
- Innovation Co., Ltd.
- Kureha Corporation
- Solvay S.A.