Water Soluble Packaging Market Size, Share, Growth, Trends, Production, Consumption and Forecast 2020 to 2027

The water soluble packaging market size was valued at USD 2.7 billion in 2019 and is expected to reach USD 4.2 billion by 2027, recording a CAGR of 5.3%.

Growing demand for biodegradable packaging and environmental & sustainability concerns among the consumers and multiple industries is expected to boost the growth of the Water Soluble Packaging market. Moreover, the government interventions of introducing a ban on the use of plastics that are adversely affecting the environment will drive the global Water Soluble Packaging market during the forecast timeframe. The rising adoption of water soluble packaging in myriad industries and the increasing problem of plastics waste generation in the region are anticipated to propel the global Water Soluble Packaging market. Furthermore, the need for a reduction in the use of single-use plastics and government efforts to ban its use is estimated to propel the Water Soluble Packaging market during the forecast period.

The increasing demand for water soluble packaging in the industries where the workers have to handle chemicals is the primary reason propelling the growth of water soluble packaging products in the industrial chemical category. The polymer-based water soluble packaging is being used on a large scale in the agriculture sector to shield harmful fertilizers to make it easier for the farmers to handle such toxic chemicals without coming in contact with it. Additionally, the FDA clearance for the use of polymers—PVOH (Polyvinyl alcohol)—is estimated to support the growth of the global Water Soluble Packaging market.

Polymer category is expected to dominate the Water Soluble Packaging market

Polymer category is estimated to hold the majority of the share of the Water Soluble Packaging market. The reason behind the dominance is the rising use of water soluble packaging for providing an environment-friendly and sustainable remedy in the packaging sector for numerous applications. Polymer-based water soluble packaging is gaining momentum owing to its increasing use for storing harmful chemicals that are used in the pharmaceutical, agriculture, chemical industries, water treatment, and others. Additionally, the FDA clearance for the use of polymers is estimated to support the growth of the global Water Soluble Packaging market.

Industrial chemical category accounts for the highest market share in the Water Soluble Packaging market

The surging requirement for water soluble packaging in the industries where the staffs have to handle chemicals is the primary reason propelling the growth of water soluble packaging products in the industrial chemical category. The increasing concern over the rising waste due to overuse of plastics and the high disposal cost of handling plastic wastes is expected to augment the growth of the global Water Soluble Packaging market.

North America is projected to dominate the global Water Soluble Packaging market

North America held the largest market share in the global water soluble packaging market in 2018. The rising implementation of water soluble packaging in myriad industries and the increasing issues of plastics waste generation in the region are anticipated to propel the global Water Soluble Packaging market. Furthermore, the demand for a decline in the utilization of single-use plastics and government efforts to ban its use is estimated to propel the North America Water Soluble Packaging industry.

Some of the major players in the global Water Soluble Packaging market include Aquapak Polymer Ltd., Aicello Corporation, Kuraray Co. Ltd., Sekisui Chemicals, Mondi Group, Cortec Corporation, and Mitsubishi Chemicals Holdings.

Recent Developments

  • In October 2019, hot water soluble laundry bags, made by Aquapak Polymer Ltd. (UK) have been launched by Australian distributor, DB Packaging. The development aims at widening the range of water soluble packaging product lines offered by the company.
  • In October 2019, Aquapak Polymer Ltd. (UK) launched Garment packaging bags made from Aquapak polymer, which will be launched by the Finisterre garment company. The company aims to replace traditional packaging with soluble packaging.
  • In June 2018, Mondi Group (Austria) acquired Powerflute Group, a division of Nordic Packaging and Container Holdings, in order to strengthen its innovative packaging business in Europe.
  • In March 2018, Kuraray Co. Ltd. (Japan) established a water soluble film manufacturing facility in Indiana, US. The development would help the company to strengthen its manufacturing capacities.

Market Segmentation

Raw Material

  • Polymers
  • Surfactants
  • Fibers

End Use

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

Packaging Type

  • Bags
  • Pouches
  • Pods & capsules

Solubility Type

  • Cold water soluble
  • Hot water soluble

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Target Audience:

  • Water soluble films manufacturers and suppliers
  • Water soluble packaging distributors importers and exporters
  • Raw material manufacturers
  • Research institutions
  • Government bodies
  • Distributors
  • End users (Food & beverage industry, pharmaceutical industry, agriculture industry, water treatment, other chemical industries, and residential usage)

The Water soluble packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Water soluble packaging market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Water soluble packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Water soluble packaging market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Water soluble packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Water soluble packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Water soluble packaging by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Water soluble packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Water soluble packaging market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Water soluble packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Water soluble packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Water soluble packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Water soluble packaging market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Water soluble packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Water soluble packaging market. These factors have benefited the growth of the global market for Water soluble packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Water soluble packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Water soluble packaging are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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