Flexible PVC Films Market to Surpass US$ 1,700 Mn by 2026; Complete Transparency & Food Traceability to Boost the Clear Flexible PVC Films Segment

Transparency Market Research

ALBANY, New York, June 22, 2018 /PRNewswire/ --

According to a new report published by Transparency Market Research (TMR) titled "Flexible PVC films Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026", the global flexible PVC films market was valued around US$ 1,250 Mn in 2017 and is anticipated to expand at a CAGR of over 3.5% during forecast period. Expansion of the global flexible PVC films is primarily driven by continuous demand from end-use industries and expansion of the packaging industry. The flexible PVC films market in Asia Pacific is anticipated to expand at a CAGR above 4.0% due to the continuous demand for flexible PVC films in various end-use sectors across the region, especially in China, India, Australia, and Vietnam.

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Expansion of the packaging industry to drive the market 

Packaging is a major end-use industry for the flexible PVC films market. Demand for flexible PVC films in the packaging industry is increasing as these films are utilized for several products such as foods and beverages. Recently, complete transparency and food traceability have become vital for consumers. Therefore, manufacturers are focusing on different packaging designs that help consumers make purchase decisions by providing concise information regarding product quality. Flexible PVC films are highly versatile material with favorable environmental footprint, as raw materials required to manufacture these films are eco-friendly, recyclable, and free from heavy metal compounds. Hence, these films are extensively used by the packaging industry.

View in-depth table of contents for this report @ https://www.transparencymarketresearch.com/report-toc/45795

Complete transparency and food traceability to boost the clear flexible PVC films segment 

Based on product, the flexible PVC films market is fragmented into clear flexible PVC films and opaque flexible PVC films. The clear flexible PVC films segment is anticipated to account for a major share of the market during the forecast period. Furthermore, the segment is anticipated to create growth opportunities during the forecast period. This can be majorly attributed to rapid expansion of the packaging industry.