Global Water Soluble Packaging Market Will Reach A CAGR Of Over 5.84% During The Forecast Period

Zion Market Research has published a new report titled “Global Water Soluble Packaging Market – By Raw Material (Polymer, Surfactant, and Fiber), By End-Use (Industrial and Residential), By Solubility Type (Cold Water Soluble and Hot Water Soluble), By Packaging Type (Bags, Pouches, and Pods & Capsules), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, global Water Soluble Packaging Market was worth USD 3.32 Billion in 2023. The market is forecast to reach USD 5.54 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.84% during the forecast period 2024-2032.

Browse the full “Global Water Soluble Packaging Market – By Raw Material (Polymer, Surfactant, and Fiber), By End-Use (Industrial and Residential), By Solubility Type (Cold Water Soluble and Hot Water Soluble), By Packaging Type (Bags, Pouches, and Pods & Capsules), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/water-soluble-packaging-market

Polymer category is expected to dominate the Water Soluble Packaging market

Polymer category is estimated to hold the majority of the share of the Water Soluble Packaging market. The reason behind the dominance is the rising use of water soluble packaging for providing an environment-friendly and sustainable remedy in the packaging sector for numerous applications. Polymer-based water soluble packaging is gaining momentum owing to its increasing use for storing harmful chemicals that are used in the pharmaceutical, agriculture, chemical industries, water treatment, and others. Additionally, the FDA clearance for the use of polymers is estimated to support the growth of the global Water Soluble Packaging market.

Industrial chemical category accounts for the highest market share in the Water Soluble Packaging market

The surging requirement for water soluble packaging in the industries where the staffs have to handle chemicals is the primary reason propelling the growth of water soluble packaging products in the industrial chemical category. The increasing concern over the rising waste due to overuse of plastics and the high disposal cost of handling plastic wastes is expected to augment the growth of the global Water Soluble Packaging market.

North America is projected to dominate the global Water Soluble Packaging market

North America held the largest market share in the global water soluble packaging market in 2018. The rising implementation of water soluble packaging in myriad industries and the increasing issues of plastics waste generation in the region are anticipated to propel the global Water Soluble Packaging market. Furthermore, the demand for a decline in the utilization of single-use plastics and government efforts to ban its use is estimated to propel the North America Water Soluble Packaging industry.

Key Market Players

Some of the major players in the global Water Soluble Packaging market include Aquapak Polymer Ltd., Aicello Corporation, Kuraray Co. Ltd., Sekisui Chemicals, Mondi Group, Cortec Corporation, and Mitsubishi Chemicals Holdings.

The report on the global Water Soluble Packaging market is segmented into:

Global Water Soluble Packaging Market: By Raw Material Segmentation Analysis

• Polymers
• Surfactants
• Fibers

Global Water Soluble Packaging Market: By End-Use Segmentation Analysis

• Industrial
• Food & Beverages
• Pharmaceuticals
• Agriculture
• Chemicals
• Water Treatment
• Residential

Global Water Soluble Packaging Market: By Packaging Type Segmentation Analysis

• Bags
• Pouches
• Pods & Capsules

Global Water Soluble Packaging Market: By Solubility Type Segmentation Analysis

• Cold Water Soluble
• Hot Water Soluble

Global Water Soluble Packaging Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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