Water Soluble Packaging - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Water Soluble Packaging Market is accounted for $2.38 billion in 2018 and is expected to reach $4.20 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Increasing awareness about the side-effects of single-use plastics and sustainability factors associated with water soluble packaging are likely to boost the growth of Water Soluble Packaging market. However, increase in the prices of polyvinyl alcohol (PVA) resins and the presences of substitutes are likely to hamper the profit boundaries.
Water-soluble packaging is capable of packaging an agent while maintaining adequate flexibility without changes in the appearance or offensive odours over a long period of time, which takes much less time to dissolve in water, and which is capable of providing superior water-solubility, visibility and chemical-resistance. The present invention is a water-soluble packaging, comprising polyvinyl alcohol, a plasticizer and an alkali metal; wherein the plasticizer is included at 3-15 parts by weight with respect to 100 parts by weight of the polyvinyl alcohol, and the alkali metal is included at 0.3-5 weight% with respect to 100 weight% of the water-soluble packaging.
Based on end user, the chemical segment is likely to have a huge demand due to the associated benefits, especially in the industries where the workers need to deal with harmful chemicals. To avoid direct contact, packaging would provide a safer option for the workers to handle such chemicals. By geography, North America is going to have a lucrative growth during the forecast period owing to the growing awareness among the people regarding the need for reduction of single-use plastics usage, coupled with government interventions to ban their use. This factor drives the market for water soluble packaging in the North American region.
Some of the key players in the Water Soluble Packaging market are the Wikicell, Skipping Rocks Lab, Sekisui Specialty Chemicals America, Watson Inc, Mitsubishi Chemical Corporation, Mondi Group, Arrow Greentech Ltd, Amtrex Nature Care Private Limited, JRF Technology, Devro, Water Io, Aicello Coporation, Loliware, and Evoware.
• Hot Water Soluble
• Cold Water Soluble
• Pods & Capsules
End Users Covered:
• Water Treatment
• Protein Shakes and Drink Mixes
• Protein Powder
• Instant Coffee
• Food & Beverage
• Dairy Products
• Other End Users
• 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
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