The global vinyl acetate market to grow at a CAGR of 5.32% during the period 2017-2021.
The report, Global Vinyl Acetate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is increased use of adhesives in food packaging. The growing demand for EVOH films from the food manufacturing industry will spur the demand for vinyl acetate monomer. The changes in lifestyles of the urban population worldwide have promoted the use of packaged food in the past few years. This has increased the need for packaging, consequently expanding the market for vinyl acetate products. Vinyl acetate products are used in various food and beverage rigid packaging. The growth of the rigid packaging segment will increase the consumption of these adhesives significantly. The rise in disposable income and the growing demand for packaged beverages and foods are boosting the market demand. Packaging for fish, meat, poultry, snacks, and pet food requires advanced flexible packaging.