Polyvinyl Alcohol Market Segmentation:
End-Use Segment Analysis
Food packaging segment is estimated to hold 33% share of the global polyvinyl alcohol market in the year 2035. The growth of the segment can be attributed to the growing culture of packaged foods worldwide with the increasing purchasing power of the middle-class population, coupled with the upliftment of online ordering & home delivery services with digital development worldwide. For instance, it was found that the GDP per capita in the United States amounted to around USD 70,000 in 2021. Therefore, with the surge in the sale of packaged food, takeaways, online groceries, and other packaged food items, the food packaging industry is anticipated to boom in the upcoming years.
Grade Segment Analysis
Partially hydrolyzed segment is expected to garner a significant share of around 45% in 2035. The segment growth is backed by the escalating agrochemicals industry as well as the increasing production of chemicals such as fertilizers, pesticides, and herbicides worldwide with their growing demand from the agricultural sector. For instance, according to a finding, in the US more than 1 billion pounds of pesticides are used every year with nearly 5.6 billion pounds used globally.
Our in-depth analysis of the global market includes the following segments:
|
Grade |
|
|
End Use Industry |
|
