Water-soluble Packaging Market Comprehensive Shares, Historical Trends And Forecast By 2033

 The global water-soluble packaging market is projected to achieve a market size of USD 3,450 million in 2023 and is anticipated to exceed USD 6,491 million by 2033, reflecting a compound annual growth rate (CAGR) of 4.0% during the forecast period. This robust growth underscores the increasing demand for sustainable packaging solutions worldwide.

As environmental concerns mount, consumers and industries are increasingly turning to bio-based and biodegradable plastics. Water-soluble packaging, which dissolves in water leaving no residue, has become a vital solution for reducing environmental impact. Widely utilized in food, healthcare, agriculture, and consumer products, these materials are seen as a key driver for achieving sustainability goals.

Understand the Evolution: Request the Previous Source for This Report!

Key factors driving the market include:

  • Rising consumer awareness about environmental sustainability.
  • Government regulations aimed at reducing plastic waste.
  • Technological advancements and R&D investments by leading companies to enhance the quality and application versatility of water-soluble packaging.

The Asia Pacific region is emerging as the epicenter of growth for the water-soluble packaging market, driven by high adoption rates of sustainable practices, favorable government policies, and awareness campaigns. Countries in the region are actively embracing eco-friendly packaging solutions to meet growing consumer demand and regulatory requirements.

Key Takeaways From the Water-soluble Packaging Market

  • The water-soluble packaging business is projected to significantly influence the global packaging industry from 2023 to 2033.
  • The United States and Canada play key roles in the water-soluble packaging sector within North America.
  • Europe holds a prominent position in the global market, commanding over 30% of the market share.
  • The Asia Pacific region represents a substantial portion of the global market, highlighting its importance in the industry.
  • The polymer segment offers a sustainable alternative by utilizing water-dissolvable polymers, replacing traditional packaging materials.
  • The food and beverage industry extensively adopts water-soluble packaging for its potential to enhance sustainability and minimize plastic waste.

Competitive Landscape

Market companies are working on extending their product offerings. By creating new materials and technologies and partnering with other businesses and institutions, we can achieve a competitive advantage in the market. Furthermore, mergers and acquisitions are widespread in the business as corporations seek to cement existing positions while acquiring new technologies and skills.

  • Large food and beverage firms, including Nestle, PepsiCo, and Coca-Cola, are investigating the use of water-soluble packaging in their goods.
  • TIPA, Aquapak Polymers Ltd., and Lactips are examples of startups and smaller enterprises that are working to create innovative and sustainable water-soluble packaging.
  • Research institutions and universities that do R&D on water-soluble packaging and develop novel materials and technologies.

Key Players

  • Lithey Inc.
  • Mondi Group
  • Sekisui Chemicals
  • Kuraray Co.Ltd
  • Mitsubishi Chemicals Holdings
  • Aquapak Polymers Ltd
  • Lactips
  • Cortec Corporation
  • Acedag Ltd.
  • MSD Corporation
  • Prodotti Solutions
  • JRF Technology LLC
  • Amtopak Inc.

Key Developments in the Market:

  • In 2019, Kuraray Co. Ltd. acquired MonoSol LLC, a water-soluble filmmaker headquartered in the United States. Kuraray was able to expand its product line and boost its position in the water-soluble packaging market as a result of the acquisition.
  • Lactips, a French manufacturer of water-soluble and biodegradable thermoplastic pellets, announced a collaboration with Mitsubishi Chemical Corporation in 2020. This collaboration intends to develop and market water-soluble, biodegradable packaging materials for the Japanese market.
  • Avient Corporation stated in 2021 that it has bought Clariant’s Masterbatch business, which produces water-soluble polymer compounds. This acquisition is expected to increase Avient’s product portfolio and strengthen its position in the water-soluble packaging industry.

Segmentation Analysis of the Market

By Raw Material:

  • Polymers
  • Surfactants
  • Fibers

By Design:

  • Plate
  • Tubular

By End-user Industry:

  • Industrial
  • Food and Beverages
  • Pharmaceuticals
  • Agriculture
  • Chemical
  • Water Treatment
  • Residential

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

Comments

Post a Comment

Popular posts from this blog

OTT Content Market Research Report 2022 to Global Forecast till 2032

 The global  OTT content market  is anticipated to reach a valuation of US$ 434.98 Bn by 2032, with the market expanding at a prolific CAGR of 17.4% from 2022 to 2032. Predicted to reach an estimated US$ 87.46 Bn in 2022, the target market is likely fueled by a notable surge in market penetration as well as escalating demand for subscription-based services in emerging economies. The heightened popularity of live streaming channels will further aid the growth of the OTT content market during the forecast period. The deep market penetration of 4G and rising 5G infrastructure development across the globe aids the market growth of OTT content. An upsurge in high-speed bandwidth- which is an important criteria for proper functioning OTT services- propels the target market growth. The widespread usage pf high speed internet and smartphones, at competitive prices, amplifies the demand for the OTT content market. The gradual preference for SVOD over conventional TV services will ...
Read more

Digital Transformation in Healthcare Market Trends | Segmentation, Outlook, Industry Report to 2033

 The global  digital transformation in healthcare market  is valued at approximately USD 65.2 billion in 2023. It is anticipated to grow to about USD 253.6 billion by 2033, with a consistent annual growth rate of 14.5% from 2023 to 2033. As digital health platforms like telehealth, mobile health, and wireless technologies become more common in medical facilities and nursing homes, they are providing patients with immediate access to medical care. This has made digital health a widely recognized term in healthcare. The impact of digital technology on various sectors such as public, retail, banking, financial services, and insurance (BFSI), and production is tremendous, but it has evolved into a game-changing technology in the medical field as end users’ reliance on digital health platforms grows. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-708 The emergence of healthcare smartphone application...
Read more

3D Mapping and Modeling Market Outlook 2033: Regional Growth Analysis

 The  3D mapping and modeling market  is expected to experience substantial growth, with a projected value of USD 5,126.7 million in 2023 and an estimated increase to USD 13,001.4 million by 2033. The market is anticipated to record a significant CAGR of 11.9% during the forecast period. This growth is driven by various factors, including the increased adoption of LiDAR technology for high-resolution mapping and the integration of AI and ML algorithms to enhance efficiency and accuracy. Moreover, the advancements in AR and VR for realistic experiences, the expansion of 3D mapping and modeling in drone applications, and its application in cultural heritage preservation. However, certain factors pose challenges to the market, such as high installation costs and a shortage of skilled workforce. These factors can limit the development of 3D mapping and modeling innovation, as customers may incur additional expenses for equipment and technology components. Get The Sample Copy ...
Read more