Water Soluble Packaging Market

The Water-Soluble Packaging Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving the growth of Water-Soluble Packaging Market includes growing demand for sustainable packaging solutions, increasing use of water-soluble packaging in the end-use industries such as Agriculture, Food and Beverage and Pharmaceutical. According to the port published by Bloomberg, the Global Sustainable Packaging Market was calculated around USD 265.9 billion in 2021 and is predicted to reach USD 358.3 billion by 2028, growing at a CAGR of 5.1% over the forecast period (2022-2028), which will boost the market growth in the approaching years. As per the Water Soluble Packaging Market Forecast, the Government initiatives to ban on single-use plastics and safety and rising awareness about environmental pollution, are some of the additional factors supplementing the market growth. In addition, the technological advancements in the manufacturing of water-soluble packaging solutions, increasing investments by major corporations on research and development, rapid urbanization and rising disposable incomes, are further contributing to the Water Soluble Packaging Market size.

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However, the growth of Water-Soluble Packaging Market is hindered due to lack of awareness about water soluble packaging solutions.

The major prominent players operating in the market are Watson Inc., Prodotti Solutions, JRF Technology LLC, Mondi Group, Sekisui Chemicals, Kuraray Co. Ltd., Cortec Corporation, Acedag Ltd., MSD Corporation, Mitsubishi Chemical Holdings, Aicello Corporation, Aquapak Polymer Ltd, and Amtopak Inc., among others.

Raw Material: Segment Analysis

Based on Raw Material, the Polymers segment is expected to expand at a significant CAGR during the forecast period attributed to growing demand for environment friendly packaging solutions across the globe.

End-Use: Segment Analysis

Based on End-use, the Industrial segment is projected to hold the highest market share during the forecast period. The growing demand for water soluble packaging solutions in the chemical industries along with growing adoption of environment friendly packaging across industries, are some of the factors responsible for the segment’s growth.

Regional: Segment Analysis

Based on Region, the North American region is expected to capture the largest market share over the forecast period. Government regulations regarding the use of single-use plastics, presence of the leading pharmaceutical manufacturers such as Johnson & Johnson, Pfizer and Novartis, rise in population growth rates and high disposable incomes, are some of the important factors propelling the market growth in North America. 

Market Segmentation

Global Water Soluble Packaging Market by Packaging Type

• Bags
• Pouches
• Pods & Capsules

Global Water Soluble Packaging Market by Raw Material

• Polymers
• Polysaccharides
• Protein
• Polypropylene
• Hemicellulose
• Polyvinyl Alcohol
• Others
• Surfactants
• Fiber

Global Water Soluble Packaging Market by Solubility Type

• Cold Water Soluble
• Hot Water Soluble

Global Water Soluble Packaging Market by End-Use

• Industrial
• Food & Beverage
• Pharmaceuticals
• Agriculture
• Chemical
• Others
• Residential/Domestic

Global Water Soluble Packaging Market by Region

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

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