Water Soluble Packaging Market (Material Type - Polyvinyl Alcohol (PVA), Starch-based Polymers, and Others; Packaging Type - Bags, Pouches, and Pods and capsules; End User Industry - Food and Beverages, Pharmaceuticals, Agriculture, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2032

A recent report published by Infinium Global Research on water soluble packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional water soluble packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional water soluble packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global water soluble packaging market.

Market Insight:

The global water soluble packaging market was valued at USD 3.37 million in 2023 and is expected to reach USD 5.35 million in 2032, with a CAGR of 5.30% during the forecast period of 2024-2032.

The main purpose of using water soluble packaging is to lessen the impact on the environment by removing plastic trash. It dissolves in water, leaving no residue of microplastics. Furthermore, the increasing regulatory demands and customer need for environmentally friendly packaging solutions are in line with water soluble packaging. The recent trends such as the water soluble packaging is becoming more and more popular in the cosmetics industry for goods such as soaps and shampoos due to its simplicity and environmental friendliness. Additionally, the agricultural industry is adopting water soluble packaging in large quantities to distribute agrochemicals, increasing crop yields, and lessening environmental effect. The improvement of their qualities and sustainability, new materials like proteins and polysaccharides are being explored for water soluble packaging. The water soluble packaging sector is seeing a rise in startups that appeal to investors and consumers seeking out eco-friendly packaging options with their creative and sustainable solutions.

The use of water soluble packaging is primarily driven by sustainability and environmental concerns. As the negative effects of plastic pollution become increasingly evident, both consumers and regulators are calling for more sustainable solutions. Therefore, to meet these requirements and avoid possible penalties associated with plastic waste, companies must look for water soluble packaging materials. In conclusion, the adoption of water soluble packaging is heavily influenced by environmental concerns about plastic pollution and the desire for sustainability, which are driving companies to adopt more environmentally friendly packaging options by influencing consumer behavior and the regulatory environment. Additionally, innovation and technology are fuelling the growth of the water soluble packaging market, with advancements in polymer science leading to improved performance, flexibility, and cost-effectiveness. Research and development efforts have also enhanced the compatibility of water soluble films with different product compositions, resulting in safe and effective dissolution. These advancements are driving the development of sustainable packaging solutions that meet environmental standards and customer demands. Furthermore, the high cost of production is a major obstacle for the water soluble packaging market, hindering its growth and adoption. Materials like PVA films are pricier to make due to specialized raw materials and manufacturing techniques, leading to higher production costs compared to traditional plastics. Moreover, stringent environmental laws worldwide are driving demand for eco-friendly packaging solutions, creating a significant opportunity for the water soluble packaging industry. Governments are implementing measures such as single-use plastic bags and incentives for sustainable alternatives to combat plastic pollution. Businesses are motivated to comply with these regulations and seek water soluble packaging options that meet new environmental standards. Legislative incentives like tax breaks further encourage the use of sustainable materials, leading to innovation in the industry and improved cost-effectiveness of water soluble packaging solutions.

The water soluble packaging market is dominated by North America. The regions robust legislative frameworks, highly conscious consumers about environmental matters, and substantial expenditures made by big businesses in eco-friendly packaging solutions are the main reasons for its dominance. Asia-Pacific is anticipated to show significant growth during the forecast period. Rising environmental legislation, fast industrialization, and an increased emphasis on sustainable practices in developing nations such as China and India are the main causes of this. The region's potential for growth is further enhanced by its growing customer base and growing public awareness of plastic waste.

Report Scope of the Water Soluble Packaging Market:

Segment wise revenue contribution in the global water soluble packaging market

The report on global water soluble packaging market provides a detailed analysis of segments in the market based on Material Type, Packaging Type, and End User Industry.

Segmentation Based on Material Type

·       Polyvinyl Alcohol (PVA)

·       Starch-based Polymers

·       Others

Segmentation Based on Packaging Type

·       Bags

·       Pouches

·       Pods and capsules

Segmentation Based on End User Industry

·       Food and Beverages

·       Pharmaceuticals

·       Agriculture

·       Others

Company Profiled:

·       Soltec Development

·       SEKISUI CHEMICAL CO., LTD.

·       Kuraray

·       aquapak

·       INFHIDRO

·       Arrow Greentech Ltd.

·       Changzhou Water Soluble Co., Ltd.

·       HARKE Group

·       Harima Chemicals Group, Inc.

·       Lithey Inc.

·       MSD

·       Solupak Ltd.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the water soluble packaging market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.