Global Polyvinyl Alcohol (PVA) Market 2017-2021

Overview of the global polyvinyl alcohol (PVA) market

According to Technavio’s polyvinyl alcohol market outlook, the rising demand for convenience and biodegradable packaging will be one of the major factors that will have a positive impact on the growth of the global polyvinyl alcohol (PVA) market till 2021. With the shift in the preference of customers several manufacturers are focusing on introducing disposable packaging products made of biodegradable materials. Owing to their properties such as moisture resistance and biodegradability in a microbial environment, there is a rising demand for improved biodegradable packaging materials. With the rise in the adoption of convenience biodegradable packaging there is a high demand for these materials especially in the food and beverage industry. This will drive the demand for PVA during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 3% by 2021.

The rising awareness of green building constructions is one of the key polyvinyl alcohol market trend that will gain traction in the coming years. Owing to the need for eco-friendliness, improving energy efficiency, and reducing the emission of CO2, there is an increase in the demand for green building constructions. Moreover, the tax benefits offered by governments across the globe also result in a rise in the construction of green buildings. Since wood is one of the most energy-efficient building materials, there will be a rapid increase in the demand for wood and this will in turn, boost the demand for PVA during the forecast period.