Global demand for the Water Soluble Packaging market was valued over USD 2.5 Billion in 2019 and is expected to reach a CAGR of 5.5% between 2019 and 2025.
This report analyzes and estimates the Water Soluble Packaging market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Water Soluble Packaging market drivers and restraints along with their impact analysis at global level from 2015 to 2025.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Water Soluble Packaging market. To understand the competitive landscape in the global Water Soluble Packaging market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global Water Soluble Packaging market based on Type, Technology, Food Tested, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
Growing demand for biodegradable packaging and environmental & sustainability concerns among the consumers and multiple industries is expected to boost the growth of the Water Soluble Packaging market. Moreover, the government interventions of introducing a ban on the use of plastics that are adversely affecting the environment will drive the global Water Soluble Packaging market during the forecast timeframe. The rising adoption of water soluble packaging in myriad industries and the increasing problem of plastics waste generation in the region are anticipated to propel the global Water Soluble Packaging market. Furthermore, the need for a reduction in the use of single-use plastics and government efforts to ban its use is estimated to propel the Water Soluble Packaging market during the forecast period.
The increasing demand for water soluble packaging in the industries where the workers have to handle chemicals is the primary reason propelling the growth of water soluble packaging products in the industrial chemical category. The polymer-based water soluble packaging is being used on a large scale in the agriculture sector to shield harmful fertilizers to make it easier for the farmers to handle such toxic chemicals without coming in contact with it. Additionally, the FDA clearance for the use of polymers—PVOH (Polyvinyl alcohol)—is estimated to support the growth of the global Water Soluble Packaging market.
On the basis of raw material, the market for water soluble packaging market is divided into Polymer, Surfactant, and Fiber. Based on end-use, the market is segregated into Industrial and Residential. In terms of solubility type, the global Water Soluble Packaging market is categorized into Cold Water Soluble and Hot Water Soluble. By packaging type, the market is sectored into Bags, Pouches, and Pods & Capsules. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the major players in the global Water Soluble Packaging market include Aquapak Polymer Ltd., Aicello Corporation, Kuraray Co. Ltd., Sekisui Chemicals, Mondi Group, Cortec Corporation, and Mitsubishi Chemicals Holdings.
The report on the global Water Soluble Packaging market is segmented into:
Global Water Soluble Packaging Market: By Raw Material Segmentation Analysis
Global Water Soluble Packaging Market: By End-Use Segmentation Analysis
Global Water Soluble Packaging Market: By Packaging Type Segmentation Analysis
Global Water Soluble Packaging Market: By Solubility Type Segmentation Analysis
Global Water Soluble Packaging Market: By Regional Segmentation Analysis