The water soluble packaging market is expected to grow at a CAGR of 5.1% by 2027. North America has dominated the global market and holds the largest share of the market.
NEW YORK, USA, December 7, 2021 /EINPresswire.com/ – According to our latest market research on ‘Global Water Soluble Packaging Market to 2027 – Impact of Covid-19 and Global Analysis and Forecast by raw material ; Type of product; Type of solubility; Application; and Geography ”, the water soluble packaging market was valued at US $ 2,751.0 million in 2018 and is expected to reach US $ 4,295.6 million by 2027.
Market Size Value – US $ 2,751.00 Million in 2018
Market size value – from US $ 4,295.57 million by 2027
Growth rate – CAGR of 5.1% from 2019-2027
Forecast period – 2019-2027
Baseline year – 2019
Number of Pages – 191
Number of tables – 102
Number of graphs and figures – 30
Historical data available – Yes
Segments covered – Raw materials; Type of product ; Type of solubility; Application
Regional scope – North America; Europe; Asia Pacific; Latin America; AEM
Country Scope – US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Cover – Revenue Forecast, Company Rank, Competitive Landscape, Growth Factors & Trends
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Water soluble packaging is a form of packaging made from biodegradable materials that dissolve in water, leaving behind a harmless and non-toxic aqueous solution. Better water solubility with minimal residue and good impact resistance make it a favorable packaging material in a number of industries. Water soluble packaging is made in different grades including cold water soluble PVA grades as well as hot water soluble PVA grades. The global water soluble packaging market, by application, has been segmented into industrial and residential. In 2018, the industrial segment dominated the market with a larger share. The wide scope of water soluble packaging in several industries such as food and beverage, chemicals, personal care and cosmetics, and pharmaceuticals is expected to increase the demand for water soluble packaging. water in industrial applications
Growing demand for personal care and cosmetic applications to lead water soluble packaging market growth to 5.1% CAGR during the period 2019-2027
The demand for water soluble packaging has increased in the personal care and cosmetics industry. Manufacturers of personal care and cosmetic products are improving their product portfolio and introducing natural and organic products to attract new customers. Organic cosmetics are produced using ingredients from organic farming. These ingredients are grown without the use of genetically modified organisms (GMOs), herbicides, synthetic fertilizers, and other harmful chemicals. These cosmetics are produced from certified organic ingredients by authorized institutions operating internationally. These cosmetics manufacturers use the best natural component of plants and flowers, which is good for the health of the skin. As the demand for organic personal care and cosmetic products increases, manufacturers are eagerly awaiting a type of sustainable packaging solution such as water soluble pods. For example, several manufacturers manufacture personal care products such as shampoos and body washes in the form of water-soluble drops, which are certified organic by authorized institutions. In addition, cosmetic companies engage in strategic partnerships with packaging suppliers to develop cost-effective and sustainable packaging solutions for their products. Thanks to an effective research and development strategy, manufacturers are diversifying the use of water-soluble pods in the packaging of different types of organic cosmetics.
Impact of COVID-19 on the Water Soluble Packaging Market:
The recent COVID-19 outbreak, which began in Wuhan, China in December 2019, has spread at a rapid rate around the world. In March 2020, China, Italy, Iran, Spain, Republic of Korea, France, Germany and the United States were among the most affected countries in terms of confirmed cases and deaths reported. The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans and business closures. The global chemicals and materials industry is one of the major industries experiencing severe disruption such as supply chain disruptions, cancellations of tech events, and office closures.
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Water Soluble Packaging Market: Product Type
Based on the type of product, the water soluble packaging market is segmented into pouches, films, bags, and others. The water soluble bag segment is the fastest growing segment in the water soluble bag market in 2018. Strict government regulations regarding the use of single-use plastic bags have boosted the market. demand for alternative materials and packaging solutions such as water soluble bags. Water soluble laundry bags are increasingly accepted by consumers in developed and developing countries due to growing awareness of the impact of excessive plastic use on the environment.
Water-soluble packaging market: competitive landscape and key developments
The global water soluble packaging market is concentrated with a few established players, such as Amtopack, Inc., Changzhou Kelin PVA Water Soluble Films Co., Ltd., Cortec Corporation, Harke Group, Jiangmen Cinch Packaging Materials Co., Ltd., Kuraray Co. , Ltd, Mitsubishi Chemical Corporation, Mondi Group, Sekisui Chemical Co., Ltd and SmartSolve Industries.
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