Water Soluble Film Industry Overview 2023-2028:
IMARC Group’s latest report, titled “Water Soluble Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global water soluble film market size reached US$ 375.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 517.1 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
What are Water Soluble Films ? :
A water-soluble film represents a thin protective layer made up of polyvinyl alcohol (PVA/PVOH) that dissolves when it comes in contact with water. In line with this, PVA is a colorless, odorless, and biodegradable resin that is free of heavy and harmful components. Water-soluble films created from this resin have high tensile power, adaptability, and adhesive properties. They also offer fluid mechanical operations, enhanced productivity, cost-effectiveness, flexibility in packaging, etc. Consequently, these films are extensively used in the packaging of numerous industrial and consumer goods, particularly for single-serve or pre-portioned packs.
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Competitive Landscape with Key Players:
- Kuraray Co. Ltd
- Nippon Synthetic Chemical Industry Co. Ltd
- Sekisui Chemical Co., Ltd
- Aicello Corporation
- Arrow GreenTech Ltd
- Cortec Corporation
- Changzhou Kelin PVA Water Soluble Films Co., Ltd
- Jiangmen Proudly Water-soluble Plastic Co., Ltd
- AMC (UK) Ltd
- 3M Company
- Mitsubishi Chemical Corporation
- DuPont de Nemours, Inc
- Fujian Zhongsu Biodegradable Films Co., Ltd
- Dezhou Huamao Textile Co. Ltd
- Neptun Technologies GmbH
Water Soluble Film Market Demand and Growth:
The escalating demand for this protective layer as a sustainable and eco-friendly packaging material is among the key factors stimulating the water soluble film market. Moreover, it is also adopted in the chemical sector to protect industrial workers from coming in direct contact with hazardous materials, which is acting as another significant growth-inducing factor. Besides this, the increasing utilization of water soluble films in the food and beverage (F&B) sector, on account of their air and oil-resistant properties, is positively influencing the global market.
Furthermore, continuous investments in R&D activities by key market players for introducing water soluble films produced from milk-based thermoplastic that can easily break down in soil and water are also propelling the market growth. Apart from this, the rising need for environment-friendly and easy-to-use packaging materials and the implementation of stringent environmental protection laws and regulations by government bodies are anticipated to fuel the water soluble film market over the forecasted period.
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Key Market Segmentation:
Breakup by Material:
- PVA/PVOH
- Xylan
Breakup by Application:
- Detergent Packaging
- Agrochemical Packaging
- Water Treatment Chemical Packaging
- Pharmaceutical Packaging
- Others
Breakup by End-Use Industry:
- Textile
- Agriculture
- Consumer Goods
- Healthcare
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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