Water Soluble Packaging Market Share, Size, Trends, Industry Analysis Report, By Material (Polymers, Fibers, Surfactants), By Product, By Solubility Type, By End-use, By Region, And Segment Forecasts, 2023 - 2032

Water Soluble Packaging Market Share, Size, Trends, Industry Analysis Report, By Material (Polymers, Fibers, Surfactants), By Product, By Solubility Type, By End-use, By Region, And Segment Forecasts, 2023 - 2032

The global water-soluble packaging market size is expected to reach USD 5,330.31 million by 2032, according to a new study by Polaris Market Research. The report “Water Soluble Packaging Market Share, Size, Trends, Industry Analysis Report, By Material (Polymers, Fibers, Surfactants), By Product, By Solubility Type, By End-Use, By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market's growth is driven by increasing demand from various industries, including household products, agriculture, medicine, etc. This packaging solution offers easy dissolution, eliminating the need for disposing of packaging materials separately. It primarily comprises water-soluble polymers, surfactants, & fibers, making it compatible with a wide range of products. The convenience of using water-soluble packaging in these applications is that it dissolves completely in water, leaving no residue.

The materials used in water-soluble packaging are carefully selected to ensure they do not introduce harmful chemicals into the products or the surrounding environment. This is particularly important in applications such as household cleaning products, where consumers come into direct contact with the packaging and the products inside. By utilizing water-soluble packaging, manufacturers can provide consumers with a safer alternative that minimizes the risk of exposure to potentially harmful chemicals. This is particularly relevant in household cleaning products, where individuals may have frequent and close contact with the packaging materials.

The market is also influenced by stringent government regulations worldwide that aim to combat plastic pollution. Numerous countries have implemented bans on single-use plastic packaging, creating a significant demand for alternatives such as water-soluble packaging. For example, the Canadian government has taken initiatives in 2022 to address plastic waste, including prohibiting single-use plastics. Additionally, they have promoted adopting eco-friendly packaging solutions like water-soluble packaging to achieve their goal of zero-plastic waste by 2030.

To expand their customer base and enhance their market share, industry players in the water-soluble packaging market are implementing various strategic approaches such as expansions, mergers and acquisitions, joint ventures, and partnership agreements. An example is Aquapak Polymers, which announced a partnership with TIPA Ltd., an eco-friendly packaging provider, in August 2022. Through this collaboration, Aquapark Polymers can offer a broader range of solutions to meet the increasing consumer demand for sustainable packaging. Such strategic partnerships and collaborations are vital in driving innovation, expanding market reach, and meeting customer demands for sustainable packaging alternatives. By joining complementary companies, water-soluble packaging manufacturers can combine their strengths and resources to deliver more comprehensive, eco-friendly packaging solutions.

Water Soluble Packaging Market Report Highlights

Polymers segment garnered the largest share, as it easily dissolvable in the water, sustainable, and eco-friendly

Bags segment held the largest share, owing to its huge applicability in medical industry

APAC witnessed steady growth, owing to stringent regulations and favorable government policies

The global players include Kuraray, Lithey Inc., Mondi Group, SEKISUI CHEMICAL, Mitsubishi Chemical Corporation

Polaris Market Research has segmented the water-soluble packaging market report based on material, product, solubility type, end use, and region:

Water Soluble Packaging, Material Outlook (Revenue - USD Million, 2019 - 2032)

Polymers

Surfactants

Fibers

Water Soluble Packaging, Product Outlook (Revenue - USD Million, 2019 - 2032)

Bags

Pouches

Pods & Capsules

Water Soluble Packaging, Solubility Type Outlook (Revenue - USD Million, 2019 - 2032)

Cold Water

Hot Water

Water Soluble Packaging, End Use Outlook (Revenue-USD Million, 2019 - 2032)

Household Products

Agriculture

Medical

Retail

Chemicals

Water Treatment

Animal Waste

Fishing

Others

Water Soluble Packaging, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa