Water Soluble Film Market Forecasts to 2028 – Global Analysis By Type (Hot Water Soluble Films, Cold Water Soluble Films), Application (Packaging, Disposal Bags, Cosmetics), End User (Consumer Goods, Healthcare), and By Geography
According to Stratistics MRC, the Global Water Soluble Film Market is accounted for $364.00 million in 2020 and is expected to reach $654.03 million by 2028 growing at a CAGR of 7.6% during the forecast period. Some of the key factors propelling the market growth include rise in production of single & unit dose packaging in pharmaceutical industry, growing demand for convenience food items, focus of governments on green procurement policies, growing pharmaceutical industry in emerging economies, and increased demand from the agriculture industry. However, increasing overall packaging costs owing to dynamic regulatory policies is restricting the market growth.
A water-soluble film refers to a thin protective layer made up of polyvinyl alcohol (PVA/PVOH) that dissolves when it comes in contact with water. PVA is a colorless, odorless and biodegradable resin that is free of heavy and toxic elements. Water-soluble films made from this resin have high tensile strength, flexibility, and adhesive properties. They also offer smooth mechanical operations, enhanced productivity, cost-effectiveness and flexibility in packaging. As a result, they are used in the packaging of a wide range of industrial and consumer goods, particularly for single-serve or pre-portioned packs. These films possess a good heat sealing property and printability, hence are highly preferred for packaging purpose. These benefits of the films make it acceptable across applications such as packaging, pharmaceuticals, agricultural chemicals, and hygiene purposes.
By application, the packaging segment is expected to grow at the significant rate throughout the forecast period. Packaging is the major end-user industry for these films as water soluble films are easy to use, as the film offers excellent sealing and deep drawing properties, while being completely soluble even in cold water. Moreover, they are considered biodegradable, non-toxic, and non-inhibitory. Products sold as ready to use packaging are becoming popular. There is a clear trend towards packaging detergents and cleaning products in water-soluble bags. The consumer does not apply aggressive product, there is no need to weigh or to dose product. Water-soluble packaging includes packing liquid, gel and powder products in water-soluble film. It provides accurate weight premeasured doses of the product. It also offers safe handling i.e., no chemicals in contact with skin and avoids dust inhalation.
On the basis of geography, North America region is expected to witness a rapid growth rate over the forecast period, due to increasing awareness among consumers regarding the use of eco-friendly products and implementation of stringent laws by regulatory authorities for environmental protection, such as EPA and other associations. In the US, the water-soluble films market is driven by high demand from the packaging, pharmaceuticals, and textiles industries. The changing trends in consumer behaviour and the manufacturer’s easier convenience benefitted the industries to grow at a faster pace in the country, which is further benefitting the water-soluble films market.
Some of the key players in Water Soluble Film Market include Aquapak Polymers Ltd., Mitsubishi Chemical Corporation, Dute Industries Group, Aicello Corporation, Monosol LLC, Kuraray Co. Ltd., Novozymes AS, Arrow Greentech Ltd., Cortec Corporation, AMC (UK) Ltd., Noble Industries, Mondi Group, Procter & Gamble, Neptun Technologies GmbH, Sekisui Chemical Co. Ltd., and Nippon Synthetic Chemical Industry Co. Ltd.
Estimated Market Size in 2020:
USD 364.00 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 654.03 million
Tables, Graphs & Figures
Type, Raw Material, Thickness, Procedure Type, Dissolution Rate, Sales Channel, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Hot Water Solube Films
• Cold Water Soluble Films
Raw Materials Covered:
• Hemicellulose (Xylan)
• Polyvinyl Alcohol (PVA)/PVOH
• Other Raw Materials
• Above 60 Micrometer
• 30-60 Micrometer
• Below 30 Micrometer
Procedure Types Covered:
• Non-Surgical Procedure
• Surgical Procedure
Dissolution Rates Covered:
• Medium Soluble Films
• Difficult Soluble Films
• Fast Soluble Films
Sales Channels Covered:
• Disposal Bags
• Laundry Bags (Medical Laundry Bags)
• Window Washing Concentrate
• Toilet Blocks
• Bacteria and Enzyme Treatments
• Embroidery Substrate
• Fishing Bags
• Liquid-Crystal Display (LCD)
• Other Applications
End Users Covered:
• Consumer Goods
• Light industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Water Soluble Film Market is majorly driven by growing demand for convenience food items, rising pharmaceutical industry in emerging economies, and increased demand from the agriculture industry.
The water treatment chemical packaging segment is growing at a highest CAGR owing to the growing scarcity of water in most of the countries across the globe and the high demand for treated water.
North America dominated with a significant market share due to rising demand for biodegradable packaging and implementation of stringent laws by regulatory authorities for environmental protection, such as EPA and other associations.
Asia Pacific market is growing at a highest CAGR owing to rising consumer awareness about the benefits offered by the water-soluble packaging, multi-functional usage in the pharmaceutical, agrochemical, and plastic industries, and growing environmental concern.
Key players in Water Soluble Film Market include Aquapak Polymers Ltd., Mitsubishi Chemical Corporation, Dute Industries Group, Aicello Corporation, Monosol LLC, Kuraray Co. Ltd., Novozymes AS, Arrow Greentech Ltd., Cortec Corporation, AMC (UK) Ltd., Noble Industries, Mondi Group, Procter & Gamble, Neptun Technologies GmbH, Sekisui Chemical Co. Ltd., and Nippon Synthetic Chemical Industry Co. Ltd.
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