The global market for the Water Soluble Packaging is anticipated to develop at a compound annual growth rate (CAGR) of 5.1% throughout the course of the forecast, to reach US$ 2.9 Bn by 2032.
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"The Global Water Soluble Packaging Market 2022-2032 (USD Billion)")
The increasing use of water-soluble packaging in multiple industries and rising concerns about the environment and sustainability have led to a rise in demand for biodegradable packaging. The increase in awareness of the disadvantages of the use of single-use plastics and government action in banning the use of such environmentally damaging plastics have significantly driven the growth of the demand for water-soluble packaging.
The objective of the report is to estimate the size of the water-soluble packaging market and the future growth potential of the water-soluble packaging market across different segments, such as base material, package type, antimicrobial additives agents, technology, end-to-end packaging, etc.
The base year considered for the analysis is 2019 and from 2018 to 2028 the market size is estimated. Factors such as rising demand in the Asia-Pacific region, growth in the food & beverage and healthcare sectors, and increasing consumer understanding of health are the key drivers of the water-soluble packaging market in the coming years. The base year considered for the report is 2019, whereas the forecast period considered for the report is 2020 to 2028.
During the forecast period, the polymer-based water-soluble packaging segment is expected to dominate the market on a raw material basis. This is due to the growing use of water-soluble packaging that provides several applications with a sustainable and environmentally-friendly packaging solution. A transparent and water-soluble thermoplastic derived from polyvinyl acetate is PVOH (Polyvinyl alcohol films). It is highly hydrophilic in nature and is therefore used as an ideal raw material for water-soluble film and packaging manufacturing. Moreover, in the agricultural sector, the use of water-soluble packaging made of PVOH has gained popularity to cover hazardous fertilisers in order to make it easier for farmers to handle such dangerous chemicals without touching them. In addition, PVOH is also approved by the FDA for use as a packaging material in the food industry and is considered to be healthy, which is one of the key factors supporting its market development.
Water Soluble Packaging Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 2.9 Bn |
| Growth Rate | CAGR of 5.1 % during 2022-2032 |
| Segment Covered | By Material Type, By Solubility, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | POLYE MATERIALS CO., LTD, Chromogreen, ESCARRÉ AUTOMATIZACIÓN Y SERVICIOS, S.L., Acedag Limited, Extra Packaging Corporation, TREVOR OWEN LIMITED, EOS Plast Srl. DESCO INDIA, Rovi Packaging, S.A., FOSHAN POLYVA MATERIALS CO., LTD, Adventpac, Green Tech Bio Products, Shanghai Yifu Packaging Products Co., Ltd, Aquapak, United States Plastic Corporation |
Key Segments of the Global Water-Soluble Packaging Market
Material Overview(USD Million) (Kilo Tons)
- Polymer
- Surfactant
- Fiber
End-use Method, (USD Million) (Kilo Tons)
- Industrial
- Residential
Solubility type (USD Million) (Kilo Tons)
- Cold water soluble
- Hot water soluble
Regional Overview(USD Million) (Kilo Tons)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Important Companies in Global water-soluble packaging market
- Lithey Inc. (India)
- Mondi Group (Austria)
- Sekisui Chemicals (Japan
- Kuraray Co. Ltd. (Japan)
- Mitsubishi Chemical Holdings (Japan)
- Aicello Corporation (Japan)
- Aquapak Polymer Ltd (UK)
- Lactips (France)
- Cortec Corporation (US)
- Acedag Ltd. (UK)
- MSD Corporation (China)
- Prodotti Raw material (US)
- JRF Technology LLC (US)
- Amtopak Inc. (US)
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of Dairy Ingredients Market Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on Water Soluble Packaging Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the field service management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on solution, service, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Water Soluble Packaging Market. The report will benefit: Every stakeholder involved in the Water Soluble Packaging Market.
- Managers within the field service management industry looking to publish recent and forecasted statistics about Water Soluble Packaging Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Water Soluble Packaging Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The market value of water soluble packaging market in 2032 was US$ 2.9 Bn
The major contenders in the global market are water soluble packaging market include POLYE MATERIALS CO., LTD, Chromogreen, ESCARRÉ AUTOMATIZACIÓN Y SERVICIOS, S.L., Acedag Limited, Extra Packaging Corporation, TREVOR OWEN LIMITED, EOS Plast Srl. DESCO INDIA, Rovi Packaging, S.A., FOSHAN POLYVA MATERIALS CO., LTD, Adventpac, Green Tech Bio Products, Shanghai Yifu Packaging Products Co., Ltd, Aquapak, United States Plastic Corporation.
Asia Pacific dominated the market for water soluble packaging market and accounted for the largest revenue share