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Water-Soluble Packaging Market

Water-soluble Packaging Market Size, Share & Trends Analysis Report By Raw Materials (Polymers, Surfactants And Fiber), End Users (Industrial, Food & Beverage, Pharmaceuticals, Agriculture, Chemicals, Water Treatment And Residential) And Packaging Type (Bags, Pouches, Pods & Capsules, Cold Water Soluble And Hot Water Soluble), By Region, And Segment Forecasts, 2024-2031

Report ID : 1540 | Published : 2024-02-08 | Pages: 180 | Format: PDF/EXCEL

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:

  • Packaging composed of biodegradable materials that dissolve in water to leave behind a safe and non-toxic aqueous solution is known as water-soluble packaging. They are a preferred packaging material in many industries due to their improved impact resistance, minimal residue in water solubility, and so on.
  • The need for sustainable packaging solutions is expected to drive industry growth.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • One of the significant concerns restraining industry growth is the consumer awareness and acceptance barriers.

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. 

Recent Developments:

  • In December 2020, Amcor Ltd. announced steps to dramatically reduce plastic waste in partnership with 35 top consumer goods firms. Amcor and its coalition partners, who collectively have a 1 trillion euro annual revenue, will impose two new design guidelines to produce more recyclable packaging at a lower cost.
  • In April 2020, Ball Corporation revealed the five aluminum packaging facilities with the most substantial operational and social sustainability advancements, along with developments in the areas having the most significant sustainability impact across operations, promotion of aluminum packaging sustainability credentials, and involvement in their local communities. 

Competitive Landscape:

Some of the major key players in the water-soluble packaging market are:

  • Lithey Inc. (India)
  • Mondi Group (Austria)
  • Sekisui Chemicals (Japan)
  • Kuraray Co.Ltd (Japan)
  • Mitsubishi Chemicals Holdings (Japan)
  • Aquapak Poluymer Ltd (UK)
  • Lactips (France)
  • Cortec Corporation (US)
  • Acedag Ltd. (UK)
  • MSD Corporation (China)
  • Prodotti Solutions (US)
  • JRF Technology LLC (US)
  • Amtopak Inc. (US) 

Market Segmentation:

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.

Based on the end users, the industrial segment is a significant contributor to the water-soluble packaging market

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 witnessed growth at a rapid rate

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.

Water-soluble-Packaging Market Scope:

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.

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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

Segmentation of Water-soluble packaging Market-

Water-soluble packaging Market By Raw Material

  • Polymers
  • Surfactants
  • Fibers

Water-soluble packaging Market

Water-soluble packaging Market By End Use

  • Industrial
  • Food & beverage
  • Pharmaceuticals
  • Agriculture
  • Chemicals
  • Water treatment
  • Residential

Water-soluble packaging Market By Packaging Type

  • Bags
  • Pouches
  • Pods & capsules
  • Solubility Type
  • Cold water soluble
  • Hot water Soluble

Water-soluble packaging Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and 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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

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Frequently Asked Questions

How big is the Water-Soluble Packaging Market?

Water-Soluble Packaging Market expected to grow 7.71% CAGR during the forecast period for 2024-2031

Lithey Inc. (India), Mondi Group (Ausria), Sekisui Chemicals (Japan), Kuraray Co.Ltd (Japan), Mitsubishi Chemicals Holdings (Japan), Aquapak Poluymer

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