Global Water Soluble Film Market is accounted for $364.00 million in 2020 and is expected to reach $654.03 million by 2028 growing at a CAGR of 7.6% during the forecast period. Some of the key factors propelling the market growth include rise in production of single & unit dose packaging in pharmaceutical industry, growing demand for convenience food items, focus of governments on green procurement policies, growing pharmaceutical industry in emerging economies, and increased demand from the agriculture industry.
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On the basis of geography, North America region is expected to witness a rapid growth rate over the forecast period, due to increasing awareness among consumers regarding the use of eco-friendly products and implementation of stringent laws by regulatory authorities for environmental protection, such as EPA and other associations. In the US, the water-soluble films market is driven by high demand from the packaging, pharmaceuticals, and textiles industries. The changing trends in consumer behaviour and the manufacturer’s easier convenience benefitted the industries to grow at a faster pace in the country, which is further benefitting the water-soluble films market.
Some of the key players in Water Soluble Film Market include Aquapak Polymers Ltd., Mitsubishi Chemical Corporation, Dute Industries Group, Aicello Corporation, Monosol LLC, Kuraray Co. Ltd., Novozymes AS, Arrow Greentech Ltd., Cortec Corporation, AMC (UK) Ltd., Noble Industries, Mondi Group, Procter & Gamble, Neptun Technologies GmbH, Sekisui Chemical Co. Ltd., and Nippon Synthetic Chemical Industry Co. Ltd.
Types Covered in Water Soluble Film Market
• Hot Water Solube Films
• Cold Water Soluble Films
• Embossing
• Glossy
Raw Materials Covered:
• Hemicellulose (Xylan)
• Polyvinyl Alcohol (PVA)/PVOH
• Polypropylene
• Other Raw Materials
Thickness Covered:
• Above 60 Micrometer
• 30-60 Micrometer
• Below 30 Micrometer
Procedure Types Covered:
• Non-Surgical Procedure
• Surgical Procedure
Dissolution Rates Covered:
• Medium Soluble Films
• Difficult Soluble Films
• Fast Soluble Films
Sales Channels Covered:
• Online
• Offline
Applications Covered:
• Packaging
• Disposal Bags
• Laundry Bags (Medical Laundry Bags)
• Window Washing Concentrate
• Toilet Blocks
• Bacteria and Enzyme Treatments
• Embroidery Substrate
• Fishing Bags
• Liquid-Crystal Display (LCD)
• Disinfectants
• Cosmetics
• Other Applications
End Users Covered:
• Consumer Goods
• Healthcare
• Agriculture
• Industrial
• Light industry
• Tourism
• Sanitation
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