The latest study from Expert Market Research, “Global Food Grade Polyvinyl Acetate Market Price, Report and Forecast 2022-2027,” provides a detailed analysis of the global Polyvinyl Acetate market.
The report evaluates the market based on its segments like type, applications and major regions. The research explores the effects of the most recent market trends on the total market. Along with analyzing the market using the SWOT and Porter’s Five Forces models, it also evaluates the market dynamics, covering the important demand and price indicators.
Food Grade Polyvinyl Acetate Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2022-2027)
• Forecast CAGR (2022-2027): 5.10%
|Growth Rate CAGR||5.10%|
|Major Players||Wacker, Brenntag Specialties, Vinavil, Jiangsu Yinyang Gumbase Materials, Celanese,
Foreverest Resources Ltd., Nacalai and Others.
Due to the robust growth of the food and beverage industries, North America is one of the important regions for the food grade polyvinyl acetate business. The industry is expanding quickly as food and beverage producers and retailers are adding food-grade polyvinyl acetate solutions to their products to increase the shelf lives of edibles. As a result of manufacturers using more polyvinyl acetate in food-grade materials, the Asia Pacific market is now experiencing strong growth. The market is expanding as a result of the increasing usage of food-grade polyvinyl acetate as a substitute for synthetic plastic in food applications. The demand for food-grade polyvinyl acetate is rising as people are becoming more conscious of the harmful effects of contamination, leading to a significant growth of the overall market.
Food Grade Polyvinyl Acetate Industry Definition and Major Segments
A synthetic polymer called polyvinyl acetate is biocompatible, bioadhesive, and non-toxic. It is also a component used in manufacturing chewing gums. It is used to coat citrus fruits, candies, chocolates, and apples to give them a glossy sheen and is used for layering fruits. PVA coatings are often used to improve the freshness and shelf stability of food goods because they make new apples or citrus fruits look delicious and fresh.
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Based on type, the market can be broadly divided into:
Market segmentation on the basis of major applications:
• Gum Candy
• Fresh Fruit
On the Basis of region, the market can be divided into:
• North America
• Asia Pacific
• Latin America
• The Middle East
Food Grade Polyvinyl Acetate Market Trends
The rising demand for food-grade polyvinyl acetate in a variety of applications, including the coating of fresh fruit and gum candies, can be ascribed to the expansion of the global market. New production technologies that effectively maintains the freshness, look, and flavor profile of products is also being developed in response to the increased demand for high-quality, ready-to-eat foods with long shelf lives. This is driving up demand for food-grade polyvinyl acetate in the food and beverage sector, which is expected to fuel the market’s expansion even more in the coming years.
Key Market Players
The major players in the Global Food Grade Polyvinyl Acetate Market are :
- Wacker, Brenntag Specialties
- Jiangsu Yinyang Gumbase Materials
- Foreverest Resources Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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