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The raw materials used to process the packaging material is classifies into polymers, surfactants and fiber. The most dominating segment being the polymers is expected to project higher growth rate during the forecast period owing to the surge in market need for sustainable packaging solutions. Polyvinyl alcohol (PVOH) is a very popular raw material used in processing of water-soluble packaging films owing to its hydrophilic nature. Along with this, the PVOH packaging materials are effectively used in the agricultural sector as well to store harmful fertilizers enabling safer and convenient use for farmers without coming in contact of toxic substances.
Wide range of industries implying to non-plastic packaging strategies including food, chemical, agriculture and others. The chemical industry holds largest market in the water-soluble packaging market owing to its basic advantage of barrier between the user and the toxic components. The replacement of plastic packaging is primarily due to the waste generated during processing is huge and as a result the disposal cost is equally large. Largest market share of the water-soluble packaging market is attributed to North America owing to the largest packaging environment with increasing adoption of sustainable packaging products abiding by the no plastic movements.
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Important Companies in Global water-soluble packaging market: Lithey Inc. (India), Mondi Group (Austria), Sekisui Chemicals (Japan, Kuraray Co. Ltd. (Japan), Mitsubishi Chemical Holdings (Japan), Aicello Corporation (Japan), Aquapak Polymer Ltd (UK), Lactips (France), Cortec Corporation (US), Acedag Ltd. (UK), MSD Corporation (China), Prodotti Raw material (US), JRF Technology LLC (US), Amtopak Inc. (US)
Key Segments of the Global Water-Soluble Packaging Market
Material Overview, 2018-2028 (USD Million) (Kilo Tons)
End-use Method, 2018-2028 (USD Million) (Kilo Tons)
Solubility type 2018-2028 (USD Million) (Kilo Tons)
- Cold water soluble
- Hot water soluble
Regional Overview, 2018-2028 (USD Million) (Kilo Tons)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
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