Global Polyvinyl Alcohol (pva) Market Size & Outlook
Global polyvinyl alcohol (pva) market, 2018-2030 (US$M)
Related Markets
Global polyvinyl alcohol (pva) market highlights
- The global polyvinyl alcohol (pva) market generated a revenue of USD 991.3 million in 2023 and is expected to reach USD 1,714.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.1% by 2030.
- In terms of segment, food packaging accounted for a revenue of USD 319.7 million in 2023.
- Construction is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 991.3 million |
| Market revenue in 2030 | USD 1,714.7 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Food packaging |
| Fastest growing segment | Construction |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paper, Food Packaging, Construction, Electronics |
Other key industry trends
- In terms of revenue, the North America accounted for 17.9% of the global polyvinyl alcohol (pva) market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 44.8 million by 2030.
Food packaging was the largest segment with a revenue share of 32.25% in 2023. Horizon Databook has segmented the Global polyvinyl alcohol (pva) market based on paper, food packaging, construction, electronics covering the revenue growth of each sub-segment from 2018 to 2030.
The utilization of synthetic polymer materials has posed significant environmental issues. Solid waste has affected the environmental conditions in developing countries. Furthermore, improper disposal of solid waste from various applications such as paper, glass, textiles, and food packaging can lead to health issues.
It can also lead to environmental issues including water land pollution, infectious diseases, drain obstruction, and loss of biodiversity. Sustainable packaging is in great demand on account of its ability to help in the reduction of landfills and compliance with stringent regulations about the packaging.
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Polyvinyl Alcohol (PVA) Market Scope
Polyvinyl Alcohol (PVA) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global polyvinyl alcohol (pva) market size, by regions, 2018-2030 (US$M)
Top 10 countries: Polyvinyl alcohol (pva) market size, 2023 (US$M)
Global polyvinyl alcohol (pva) market share, by end use, 2023 & 2030 (%, US$M)
Polyvinyl alcohol (pva) market: Opportunity assessment by country
Global polyvinyl alcohol (pva) market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 143.3 | 151.6 | 148.4 | 157.1 | 166.7 | 177.9 | 190.4 | 204.2 | 219.9 | 237.6 | 257.4 | 280.3 | 307.3 | 8.1% |
| Europe | 91.7 | 96.7 | 94.3 | 99.4 | 105.0 | 111.6 | 119.0 | 127.1 | 136.3 | 146.7 | 158.3 | 171.7 | 187.5 | 7.7% |
| Asia Pacific | 416.8 | 444.1 | 437.8 | 466.7 | 498.7 | 535.8 | 577.6 | 623.9 | 676.5 | 736.0 | 803.0 | 880.4 | 972.1 | 8.9% |
| Latin America | 62.1 | 64.6 | 62.2 | 64.7 | 67.5 | 70.8 | 74.5 | 78.5 | 83.1 | 88.1 | 93.8 | 100.3 | 107.9 | 6.2% |
| MEA | 84.4 | 87.7 | 84.3 | 87.6 | 91.1 | 95.2 | 99.8 | 104.6 | 110.2 | 116.3 | 123.1 | 130.8 | 140.0 | 5.7% |
| Overall | 798.2 | 844.8 | 827.0 | 875.4 | 929.0 | 991.3 | 1,061.3 | 1,138.4 | 1,225.9 | 1,324.7 | 1,435.6 | 1,563.5 | 1,714.7 | 8.1% |
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