Global Water Soluble Packaging Market – Industry Trends and Forecast to 2029

Water Soluble Packaging Market Analysis and Size

Concerns about the environmental impact of plastic continue to grow in the food and beverage industry, prompting several companies to use recycled plastic. When it comes to purchasing products, modern consumers are increasingly concerned with issues such as sustainability, the environment, ethics, safety, quality, and product costs. Sustainable packaging regulations also enforce a number of these issues, which is expected to benefit the global water soluble packaging market.

Data Bridge Market Research analyses that the water soluble packaging market which was growing at a value of 3.15 billion in 2021 and is expected to reach the value of USD 5.02 billion by 2029, at a CAGR of 6.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Water Soluble Packaging Market Scope and Segmentation

Market Definition

Water soluble packaging is made of biodegradable materials that dissolve in water, leaving a harmless and non-toxic aqueous solution behind. Better water solubility with minimal residue and good impact resistance make them a popular packaging material in a variety of industries.

Global Water Soluble Packaging Market Dynamics

Drivers

• Adoption of sustainable packaging to minimise carbon footprints

Due to the growing environmental concerns, green packaging has gained traction in the majority of countries. Rising transportation and energy costs are also contributing to the market's expansion. Furthermore, negative consumer perceptions of conventional packaging and government pressure to shift toward eco-friendly materials have fuelled market growth. Several brands have recently implemented water soluble solutions to reduce their carbon footprint.

• Growing consumption from various end user industry due to their beneficial characteristics

Due to their inherent advantages, such as quality control, durability, hygiene, and preservation, these systems are widely used in various applications, including bakery and confectionery, meat, seafood, poultry, dairy, and grains. The product is becoming more widely used in end-use industries, particularly in Asia-Pacific, where rising domestic manufacturing and consumer income levels are driving innovation in this sector.

Opportunity

Stringent government regulations, packaging industry downsizing, and technological advancements in the packaging industry for the production of packaging using non-petroleum products are driving the market for eco-friendly food packaging. Additionally, innovative products such as edible packaging and water-soluble packaging are fuelling the market for eco-friendly food packaging.

Restraints

The lack of regulatory standards governing the use of water soluble packaging in less developed areas, as well as a lack of awareness about the use of water soluble packaging in emerging nations, will limit the growth of the water soluble packaging market during the aforementioned period.

This water soluble packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the water soluble packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Water Soluble Packaging Market

As the COVID-19 outbreak became a pandemic, attention shifted away from sustainability and toward the virus and its global impact. Plastic waste has also increased as a result of the pandemic. According to Forbes, much of the public's personal protective equipment (PPE) is discarded carelessly. The opposition to single-use plastic bans has increased demand for bottled water, plastic bags, disposable wipes, and hand sanitizers.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2020. Amcor Ltd, in collaboration with 35 leading consumer goods companies, announced measures to significantly reduce plastic waste With a combined turnover of 1 trillion euros, Amcor and its coalition partners will enforce two new design rules to deliver easier and more cost-effective packaging to recycle.
• In April 2020. Ball Corporation announced the five aluminium packaging plants with the most significant operational and social sustainability improvements, including progress across the areas with the most significant sustainability impact across operations, promotion of aluminium packaging sustainability credentials, and engagement in their local communities,

Global Water Soluble Packaging Market Scope

The water soluble packaging market is segmented on the basis raw material, end-use, solubility type and packaging type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

• Polymer
• Surfactant
• Fiber

Solubility Type

• Cold Water Soluble
• Hot Water Soluble

End use

• Industrial
• Food & beverages
• Pharmaceuticals
• Agriculture
• Chemicals and water treatment
• Residential

Packaging type

• Bags
• Pods
• Pouches
• Capsules

Water Soluble Packaging Market Regional Analysis/Insights

The water soluble packaging market is analysed and market size insights and trends are provided by country, raw material, end-use, solubility type and packaging type as referenced above.

The countries covered in the water soluble packaging market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific market is expected to grow the fastest, owing to rising demand for convenience foods due to consumers' hectic lifestyles. As a result of urbanisation, hectic lifestyles, and high disposable income, there is an increase in consumption of on-the-go and ready-to-eat breakfast meals.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Water Soluble Packaging Market Share Analysis

The water soluble packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to water soluble packaging market.

Some of the major players operating in the water soluble packaging market are:

• Bayer AG (Germany)
• H.C. Starck GmbH (Germany)
• AGC SEIMI CHEMICAL CO., LTD. (Japan)
• BASF SE (Germany)
• DuPont (U.S.)
• Merck & Co., Inc. (U.S.)
• Evonik Industries AG (Germany)
• Sumitomo Chemical Co., Ltd. (Japan)
• Heliatek GmbH (Germany)
• Novaled GmbH. (Germany)
• A.U. Optronics Corp., (Taiwan)
• Graphic Packaging International, LLC (U.S.)
• WestRock Company. (U.S.)
• Smurfit Kappa (Irenland)
• Krones AG (Germany)
• Amcor plc (Switzerland)
• Graham Packaging Company. (U.S.)
• Sonoco Products Company (U.S.)
• Parker Hannifin Corp. (U.S.)
• Berry Global Inc. (U.S.)

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