Water Soluble Packaging Market Scenario
Development biodegradable water-soluble films and flexibility in packaging offered by these films are some of the major factors driving the global water soluble packaging market globally, Moreover, water-soluble films possess resistance to oil and organic solvents which is also one of the key factor propelling the market growth. However, high cost of production is one of the major restraint which is expected to hinder the market growth during the forecast period.
Water Soluble Packaging Market Segmentation
The water soluble packaging market is segmented by Material, Solubility Type, Packaging Type, End-Use and Geography. The Materials used in manufacturing water soluble packaging are Polymers (Polysaccharides, Protein, Polypropylene, Hemicellulose, Polyvinyl Alcohol and others), Surfactants and Fiber. Moreover, the Solubility Type includes Cold Water Soluble and Hot Water Soluble. Furthermore, the Packaging Type comprises of Bags, Pouches and Pods & Capsules. In addition, major end user of this market are Industrial (Food & Beverage, Protein Powder, Protein Shakes and Drink Mixes, Instant Coffee, Dairy Products and Others), Pharmaceuticals, Agriculture, Chemical, Water Treatment and Residential/Domestic. Based on Geography, the Water soluble packaging Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Water Soluble Packaging Market by Geography
Geographically, the water soluble packaging market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The North America region dominated the global water soluble packaging market. This is attributed to the high adoption of water soluble packaging in numerous industries. According to EPA, in the US, 70% of the plastics end up in landfills, and this is because of the popular “throw-away” culture. However, the rising consciousness among the people regarding the need for reduction of single-use plastics usage, coupled with administration interventions to ban their use, propels the market for water soluble packaging in the North American region.
Water Soluble Packaging Market Key Players
Some of the major players operating in the global water soluble packaging market includes Mitsubishi Chemical Corporation, Mondi Group, Sekisui Specialty Chemicals America., Watson Inc., Monosol, Arrow Greentech Ltd., Amtrex Nature Care Private Limited, JRF Technology, Wikicell, Skipping Rocks Lab, Aicello Coporation, Devro, Water Io, Evoware and Loliware. Industrialists are also focusing their R&D to develop innovative extraction processes and are investing in procuring shipping vessels to gain strategic advantage and ensure efficient raw material supply.
Water Soluble Packaging Market Report Key Benefits