Ocean View, Delaware, Aug. 03, 2016 (GLOBE NEWSWIRE) -- Water Soluble Polyvinyl Alcohol Films Market size is forecast to reach USD 376 million by 2024 and Global Polarizer PVA Films Market size is set to be valued at USD 9.11 billion by 2024; according to a new research report by Global Market Insights, Inc.
Growing concerns pertaining to waste dumping problems along with strict regulations has driven the emergence for biodegradable raw materials in packaging industry which may to favor polyvinyl alcohol films market size. Strong application outlook in from agrochemical & detergent packaging solutions along with favorable government regulations owing to product’s non-toxic and biodegradable nature are major factors stimulating water soluble polyvinyl alcohol films market size.
Detergent and agrochemicals are the major revenue contributing applications, surging penetration in these industries due to growth across BRICS economies along with increase in consumer purchasing power are key reasons driving product demand.
Increasing LCD panels demand owing to immense growth in electronics industry such as televisions, mobile phones, and laptops are major potential factors fostering PVA polarizer films market size. Detergent packaging has driven water soluble applications with projections to surpass USD 140 million by 2024. Industry shift towards biodegradable polymers due to health issues related to synthetic polymer usage has positively influenced polyvinyl alcohol films market size.
North America, led by water soluble PVA films market size, was valued at over USD 78 million in 2015. EPA approval for polymer usage in packaging for consumer goods accompanied by rising consumer health consciousness and preference for green products are promising factors to fuel regional demand.