_871.JPG)
The global Water-Soluble Packaging Market Size is valued at 3.39 billion in 2023 and is predicted to reach 6.06 billion by the year 2031 at an 7.71% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
The biological components that create the water-soluble packaging dissolve in water to produce a safe, non-toxic aqueous solution. They are a popular material commonly in various sectors due to their better solubility in water with less residue and strong impact resistance. Due to escalating environmental concerns, green packaging has become more popular in most nations.
The market is gaining popularity as a result of rising transport and energy expenses. Government pressure to switch to eco-friendly materials and wrong customer impressions of conventional packaging have fueled industry expansion. Recently, several companies have adopted water-soluble treatments to lessen their carbon footprint. The global market for water-soluble packaging will also continue to expand due to rising government measures to reduce plastics and the growing focus on single-use plastics.
Water-soluble packaging revenue will rise during the forecast period due to increasing customer demands for natural and organic goods and changes in purchasing habits brought on by growing disposable income. The global market for water-soluble packaging will continue to expand due to rising government measures to reduce plastics, raising single-use plastic awareness, and other factors. During the projection period, there will be an increase in demand for items with organic and natural ingredients and changes in consumption habits brought on by consumers' rising disposable income.
The water-soluble packaging market is segmented based on raw materials, end users and packaging type. Based on raw materials, the market is segmented into polymers, surfactants and fiber. By end users, the market is segmented into industrial, food & beverage, pharmaceuticals, agriculture, chemicals, water treatment and residential. Based on packaging type, the market is segmented as bags, pouches, pods & capsules, cold water soluble and hot water soluble.
The category for industrial is predicted to experience faster CAGR growth in the forecast period. Most companies are reducing their use of plastic because it takes up more space and produces a lot of waste, which will help chemical industries dominate the global water-soluble packaging market in the future. The need for water-soluble packaging in industrial applications is expected to increase because of the wide range of uses for this type of packaging in many industries, including casual dining, petrochemical, home healthcare and products, and medications. The packaging of instant coffee has increasingly used water-soluble materials in recent years. The safety of employees in agricultural fields is also guaranteed by fertilizer packets made of PVA film.
The pouches segment is projected to proliferate in the global water-soluble packaging market. This kind of packaging is meant to provide a which was before the product and offer benefits for environmental safety. A container dissolves quickly at any water temperature and incorporates a heat seal coating. Additionally, heat seal treatment is utilized in packing water-soluble pouches since it enables the substance to be transformed into a pouch. Due to the increased use of water-soluble packaging in numerous chemical industries, pouch compounds are expanding in the global market for water-soluble packaging.
The North American water-soluble packaging market holds a significant revenue share in the region.
The North American water-soluble packaging market is expected to register the highest market share in revenue shortly. The fastest growth in the medicines, food & refreshment, chemicals, and healthcare industries in the US and Canada is primarily to blame for this region's most significant market share. The primary driver of North America's water-soluble packaging market is the growing demand for environmentally friendly packaging choices, accompanied by strict government regulations regarding the usage of single-use plastic. In addition, the Asia Pacific region is anticipated to increase in the global water-soluble packaging market. Governments are also making efforts to encourage the adoption of environmentally friendly packaging in this region.
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 3.39 billion |
|
Revenue forecast in 2031 |
USD 6.06 billion |
|
Growth rate CAGR |
CAGR of 7.71% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Raw Materials, End Users And Packaging Type |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Lithey Inc. (India), Mondi Group (Ausria), Sekisui Chemicals (Japan), Kuraray Co.Ltd (Japan), Mitsubishi Chemicals Holdings (Japan), Aquapak Poluymer Ltd (UK), Lactips (France, Cortec Corporation (US), Acedag Ltd. (UK, MSD Corportation (China, Prodotti Solutions (US, JRF Technology LLC (US, Amtopak Inc. (US) |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Water-soluble Packaging Market Snapshot
Chapter 4. Global Water-soluble Packaging Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Raw Material Estimates & Trend Analysis
5.1. by Raw Material & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Raw Material:
5.2.1. Polymers
5.2.2. Surfactants
5.2.3. Fibers
Chapter 6. Market Segmentation 2: by End Use Estimates & Trend Analysis
6.1. by End Use & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End Use:
6.2.1. Industrial
6.2.2. Food & beverage
6.2.3. Pharmaceuticals
6.2.4. Agriculture
6.2.5. Chemicals
6.2.6. Water treatment
6.2.7. Residential
Chapter 7. Market Segmentation 3: by Packaging Type Estimates & Trend Analysis
7.1. by Packaging Type & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Packaging Type:
7.2.1. Bags
7.2.2. Pouches
7.2.3. Pods & capsules
7.2.4. Solubility Type
7.2.5. Cold water soluble
7.2.6. Hot water Soluble
Chapter 8. Water-soluble Packaging Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
8.1.2. North America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.1.3. North America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.1.4. North America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.2. Europe
8.2.1. Europe Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
8.2.2. Europe Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.2.3. Europe Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.2.4. Europe Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
8.3.2. Asia Pacific Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.3.3. Asia-Pacific Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.3.4. Asia Pacific Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.4. Latin America
8.4.1. Latin America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
8.4.2. Latin America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.4.3. Latin America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.4.4. Latin America Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
8.5.2. Middle East & Africa Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.5.3. Middle East & Africa Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.5.4. Middle East & Africa Water-soluble Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Lithey Inc. (India)
9.2.2. Mondi Group (Ausria)
9.2.3. Sekisui Chemicals (Japan)
9.2.4. Kuraray Co.Ltd (Japan)
9.2.5. Mitsubishi Chemicals Holdings (Japan)
9.2.6. Aquapak Poluymer Ltd (UK)
9.2.7. Lactips (France)
9.2.8. Cortec Corporation (US)
9.2.9. Acedag Ltd. (UK)
9.2.10. MSD Corportation (China)
9.2.11. Prodotti Solutions (US)
9.2.12. JRF Technology LLC (US)
9.2.13. Amtopak Inc. (US)
9.2.14. Other Prominent Players
Water-soluble packaging Market By Raw Material
Water-soluble packaging Market By End Use
Water-soluble packaging Market By Packaging Type
Water-soluble packaging Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
