1. What is the projected Compound Annual Growth Rate (CAGR) of the Food grade Polyvinyl Acetate Market?
The projected CAGR is approximately 12.8%.
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Food grade Polyvinyl Acetate MarketFood grade Polyvinyl Acetate Market by Type (Granular, Flakes), by Application (Gum Candy, Fresh Fruit, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2026-2034
The Food grade Polyvinyl Acetate Market size was valued at USD 2210 Million in 2023 and is projected to reach USD 3,270 Million by 2032, exhibiting a CAGR of 12.8 % during the forecast period. Polyvinyl Acetate (PVA) used in food packing and processing is food grade and is soluble in water and harmless. This is a kind of adhesive that has been approved by the Food and Drug Administration, which is a sure sign that it is safe to use and quite effective. PVA is available in many types as emulsion and solid type and they are used depending on the intended use. Some of the characteristics that can be attributed to the products include good stickiness, elasticity, water and chemical proof. This product can also be used as a coating for food packing material as it creates clear and a thin layer that enhances longevity and retains the food aroma. Furthermore, it acts as a binder in the food industry products like baked products, confectionery products, and in edible films. Advantages that are pegged on food-grade PVA include checking on the ability of food-grade PVA to meet standard legal requirements that cover most foods to protect the consumer as well as check on the quality of the product.
Type:
Application:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 12.8% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 12.8%.
Key companies in the market include The global foodgrade polyvinyl acetate market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the foodgrade polyvinyl acetate market includes Wacker, Brenntag Specialties, VINAVIL, Jiangsu Yinyang Gumbase Materials, Celanese, Foreverest Resources Ltd., Nacalai, Shuanghui Rubber Nantong CO., LTD. and others.
The market segments include Type, Application.
The market size is estimated to be USD 2210 USD Million as of 2022.
Rising Awareness Regarding the Benefits of Textile Chemistry in Manufacturing to Aid Growth.
Increasing consumption of processed foods.
Stringent Regulation Governing the Aerospace & Defense Industry Confines the Growth of Market.
In 2022, Wacker announced the expansion of its food grade polyvinyl acetate production capacity in China. In 2022, Brenntag Specialties acquired the food grade polyvinyl acetate business of Ashland.
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The market size is provided in terms of value, measured in USD Million and volume, measured in Thousand Square Meters.
Yes, the market keyword associated with the report is "Food grade Polyvinyl Acetate Market," which aids in identifying and referencing the specific market segment covered.
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