Water Soluble Packaging Market

Water Soluble Packaging Market

Growth Factors of Water Soluble Packaging Market

The water soluble packaging market size was valued at USD 3.61 billion in 2023, and the market is now projected to grow from USD 3.78 billion in 2024 to USD 5.65 billion by 2032, exhibiting a CAGR of 5.13% during the forecast period of 2023-2032.

The COVID-19 pandemic impacted the real estate industry significantly, by reducing demand for leases, new purchases, rents, and other services led to reduction of green steel market growth. At the same time, the demand for residential accommodation expanded as people sought greater room to study and work. Thus, the COVID-19 pandemic has accelerated the support and demand for such solutions, resulting in increased financing and investment for continuing development and the new normal of the future. Economic shutdowns, transit restrictions, social gathering and logistical impediments curtailed the demand for medical adhesives products. Lockdown measures and limitations on non-essential enterprises resulted in temporary closures of physical retail establishments, including outlets and boutiques, significantly impacting medical adhesives products sales and consumer experience.

Significantly propelling market growth is the increase in demand for water-soluble films with sustainable components. Green packaging has become popular throughout most nations as a result of growing environmental concerns. The market is expanding due to rising demand for waste-soluble films and rising use of sustainable and eco-friendly packaging. Manufacturers find these solutions tempting to implement in the workplace because of their user-friendly qualities. It enables detergent producers to provide single-use packaging, which helps shield consumers from spills, overdosing, and waste. Industrial personnel are shielded from direct contact with dangerous materials by the water-soluble coatings.

The market is growing due to consumer demand for convenience, safety, and technological advancement in packaging. Packaging that dissolves in water makes things easier by removing the need to handle and measure potentially dangerous materials. The water-soluble packaging of the single-use detergent pod capsules makes cleaning up easy and mess-free. Furthermore, water-soluble packaging improves safety by lowering the possibility of unintentional contact with poisonous or dangerous materials. This feature is especially important in sectors like healthcare, where drug packaging use water-soluble materials to lower the risk of dosing errors and enhance patient safety.

Comprehensive Analysis of Water Soluble Packaging Market

The water soluble packaging market and packaging industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the packaging benefit management industry. These segmentations are methodically segregated by material, by product type, by temperature and by end user industry. The types of material include, Polymers {Polyvinyl Acetate and Polyvinyl Alcohol}, Surfactants, and Fibers, by product type segmentation includes Bags, Pouches, Sachets, Films, and Pods & Capsules and by temperature segmentation includes Cold Water and Hot Water. However, the end use industry segmentation includes Food, Healthcare, Agriculture, Household, Water Treatment, Building & Construction, and others.

The Asia Pacific region lead the water soluble packaging market by benefitting a market size of USD 1.18 billion in 2023 due to growing biodegradable material utilization and increasing demand for green packaging.

The top players in the market play a crucial role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include, Mondi (U.K.), Sekisui Chemicals (Japan), Kuraray Co. Ltd. (Japan), Cortec Corporation (U.S.), Arrow Greentech Ltd. (India), Shandong Huazhilin Pharmaceutical Technology Co., Ltd. (China), MSD Corporation (China), Green Master Packaging (Australia), Rovi Packaging (Spain), Green Cycles (Spain) these market players provide a level-playing competitive landscape.

In July 2023, Notpla's first commercial use of its film material in a refill cleaning product line was a sustainable laundry detergent sachet, which it released in collaboration with home care and detergent manufacturer MACK. The packaging solutions of the product, which is intended for laundry and household goods, dissolve in water and organically decompose without leaving behind microplastic residue.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.13% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

- Plastic

• Polyvinyl Acetate
• Polyvinyl Alcohol

- Surfactants

- Fibers

By Product Type

- Bags

- Pouches

- Sachets

- Films

- Pods & Capsules

By Temperature

- Cold Water

- Hot Water

By End-use Industry

- Food

- Healthcare

- Agriculture

- Household

- Water Treatment

- Building & Construction

- Others

By Region

- North America (By Material, By Product Type, By Temperature, By end-use Industry and Country)

• U.S. (By Product Type)
• Canada (By Product Type)

- Europe (By Material, By Product Type, By Temperature, By end-use Industry and Country)

• Germany (By Product Type)
• France (By Product Type)
• U.K. (By Product Type)
• Italy (By Product Type)
• Spain (By Product Type)
• Russia (By Product Type)
• Poland (By Product Type)
• Romania (By Product Type)
• Rest of Europe (By Product Type)

- Asia Pacific (By Material, By Product Type, By Temperature, By end-use Industry and Country)

• China (By Product Type)
• India (By Product Type)
• Japan (By Product Type)
• Australia (By Product Type)
• South Korea (By Product Type)
• Southeast Asia (By Product Type)
• Rest of Asia Pacific (By Product Type)

- Latin America (By Material, By Product Type, By Temperature, By end-use Industry and Country)

• Brazil (By Product Type)
• Mexico (By Product Type)
• Argentina (By Product Type)
• Rest of Latin America (By Product Type)

- The Middle East & Africa (By Material, By Product Type, By Temperature, By end-use Industry and Country)

• Saudi Arabia (By Product Type)
• UAE (By Product Type)
• Oman (By Product Type)
• South Africa (By Product Type)
• Rest of the Middle East & Africa (By Product Type)


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