Water Soluble Packaging Market Size, Share, Industry, Forecast and outlook (2023-2030)

Global Water Soluble Packaging Market is segmented By Raw Material (Polymers, Surfactants, Fibers), By Packaging Type (Bags, Pouches, Pods, and Capsules), By Solubility Type (Cold Water, Hot Water), By End-Users (Food & Beverages, Agriculture, Chemical, Pharmaceuticals, Residential, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Market Overview

[180 pages report] The Global Water Soluble Packaging Market is expected to grow at a CAGR during the forecasting period (2022-2029).

Water Soluble Packaging Market - Strategic Insights

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The water-soluble packaging or water cooler is used to dispense or cool water. It is connected to the mains than provides a live stream of cold or hot water. It is mainly classified into two categories, namely bottle-less water-soluble packaging and bottled water-soluble packaging. The water-soluble packaging offers a refrigeration function to cool the water and offers hot water or room temperature water for tea, coffee, or other purposes.

Market Dynamics

Rapid growth in the urbanization of developing economies, the increasing demand for clean drinking water appliances, and the improved purchasing power of consumers in emerging economies, such as India, China, Mexico, Malaysia, Indonesia, and South Korea, are anticipated to boost the market growth further.

Plasticulture will enhance the market growth.

There are several benefits of plasticulture, including yield improvement of up to 50-60%, water savings of up to 60-70%, prevention of weed growth, soil conservation, protection against adverse climatic conditions, fertilizer savings up to 30-40%, reduction in post-harvest losses, and conversion-cold desert/wasteland for productive use. The greater use of plastic in agriculture can also aid to a great extent in achieving up to 50% of the intended targets in agriculture. The broader use of plasticulture can reduce the loss of harvest and increase efficiency, thus contributing more to its GDP.

Ban on single-use plastics

In June 2019, the Canadian government announced its plan to ban single-use plastics by 2021, correspondingly decreasing the 3 million metric tons of plastic waste tossed out in Canada every year. This is anticipated to affect bottled water and beverage manufacturing companies and, in turn, negatively impact the plastics market players. Similarly, in May 2019, the European Council publicized the official adoption of new regulations within the EU (European Union) that may restrict single-use plastic items and introduce recycling targets. Such laws are anticipated to lay a negative effect on the market studied. Consumers are now using other packaging materials, which offer environment-friendly properties, which are expected to contribute to the market's growth during the forecast period.

COVID-19 Impact Analysis

The recent COVID-19 outbreak has disrupted the supply chain, owing to which the market value was declined considerably across the globe. The COVID-19 crisis has severely impacted global superpowers such as the US and EU regions. It affects all the concerned petrochemical companies such as engineering companies, contractors, original equipment manufacturers (OEMs), and various services providers. Crude oil is an essential element to produce all petrochemical and petroleum products. The recent downfall in the prices of crude oil is clearly showing the status of the petrochemical industry. Crude petroleum is an important input used in producing organic chemicals used as inputs to produce more-processed goods, such as plastics products.

Segment Analysis

The water-soluble packaging market has been classified into bags, pouches, pods, and capsules based on the packaging type.

Pouches lead the market throughout the forecast period.

The pouches segment led the overall market with a share in 2019. Whereas the bags segment is likely to register the fastest CAGR during the forecast period. Growing demand for sustainable packaging options from the personal care industries and food & beverages industries is the key factor leading to a rise in demand for water-soluble pouches. Further, rising awareness among customers in developed and developed countries about green technology drives water-soluble pouches' needs.

The water-soluble packaging market has been classified into polymer, surfactants, and fibre-based on raw materials.

The polymer segment dominated the global water-soluble packaging market in 2020

The polymer segment accounted for the largest share in the global market in 2019. This is attributed to the continuous increasing use of water-soluble packaging that offers an environment-friendly and sustainable solution for packaging for various end-use applications. PVOH (Polyvinyl alcohol) is a transparent and water-soluble thermoplastic derived from polyvinyl acetate, which is extremely hydrophilic. Therefore, it is used as an ideal raw material for manufacturing water-soluble films and packaging globally. Moreover, the use of PVOH water-soluble packaging has gained popularity in the agriculture sector to contain harmful fertilizers. It becomes more comfortable for the farmers to handle such toxic chemicals without touching them. Moreover, the FDA approved PVOH to be used as a packaging material in the food industry and considered safe, which is one of the major factors to support its growth in the market.

Geographical Analysis

Based on geography, the study analyzes the water-soluble packaging market in the global market, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

The Asia Pacific leads the global market throughout the forecast period.

The Asia Pacific dominates the global water-soluble packaging market with the largest share in terms of value and volume globally, followed by Europe. China dominated the Asia pacific water soluble packaging market in 2019. Rapid industrialization in the region coupled with the increased, skilled workforce is driving the growth of the manufacturing sector in the area, which in turn is creating the demand for plastics. Further, the well-established packaging industry, electrical & electronics, and automotive industry in the region form the demand for plastics for various applications and drive the market's regional growth.

Competitive Landscape

The water-soluble packaging market is highly competitive, owing to the large presence of water-soluble packaging brands. The key water-soluble packaging players include Amtopack Inc., Mondi Group, Kuraray Co. Ltd., Mitsubishi Chemical Holdings, Cortec Corporation, Solupak, Msd Corporation, Lithey Inc., Aquapak Polymers Ltd., Prodotti Solutions, Guangdong Proudly New Material Technology Corporation. The crucial players are adopting new product launches and expansion strategies for global growth in the water-soluble packaging market.   

Amtopack Inc.

Overview: Kuraray Co., Ltd. was incorporated in 1926 and is headquartered in Tokyo, Japan. The company manufactures and sells chemicals and resins, fibres and textiles, high-performance materials, medical products, and other products worldwide. The company's business segment includes Plastics/Polymers, Chemicals/Elastomers/Rubbers, Fibers & Textiles/Man-Made Leather/Nonwoven Fabrics/Hook-and-Look Fasteners, Medical/Environment Related, New Business, and Engineering. Under its Chemicals/Elastomers/Rubbers segment, the company offers Kuraray Liquid Rubber (K-LR) that includes Liquid Isoprene Rubber (LIR) and Liquid Butadiene Rubber (LBR). These high-viscosity synthetic rubbers are based on isoprene, butadiene, and styrene. These rubbers' typical applications include the manufacturing of tires, belts, hoses, and other rubber goods. Besides, K-LR is used to produce high-performance coatings, adhesives, and sealants.

Product Portfolio: The company's portfolio comprises a wide range of kitchen and laundry appliances.

Why Purchase the Report?

• Visualize the water-soluble packaging market segmentation composition by raw material, packaging type, solubility type, end-users, and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the water-soluble packaging market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of water-soluble packaging market - level 3 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global water-soluble packaging market report would provide 65 market data tables, 65 figures, and 180 pages.

Target Audience

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Chemical
• Research Professionals
• Emerging Companies
• Manufacturers

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FAQ

What is the Water Soluble Packaging Market growth?

The market is growing at a CAGR of 5.2%.

What is Water Soluble Packaging Market size in 2021

The Water Soluble Packaging Market size was valued at USD YY million in 2021.

Who are the key players in Water Soluble Packaging Market?

Solupak, Msd Corporation, Lithey Inc., Aquapak Polymers Ltd., Prodotti Solutions.