CHICAGO, Aug. 20,
2024 /PRNewswire/ -- The report "Water
Soluble Films Market by Type (Cold, Hot), Application
(Detergent Packaging, Agrochemical Packaging, Water Treatment
Chemical Packaging, Dye Packaging, Food Packaging, Laundry Bags,
Embroidery, Pharmaceutical) - Global Forecast to 2029", size
was USD 441.8 million in 2024 and is
projected to reach USD 586.4 million
by 2029, at a CAGR of 5.8%, between 2024 and 2029.
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Many factors, such as growing environmental consciousness,
technical developments, economic concerns, regulatory pressures,
the growth of e-commerce, and the growing requirements of the
healthcare and agricultural sectors, are driving the market for
water soluble films. Governments are enforcing strict laws to deter
the use of plastic and promote the use of biodegradable
alternatives. Manufacturers have been required to change and
provide alternatives for traditional packaging to fulfill the
shifting needs of health-conscious consumers. The continued efforts
of the companies in research and development have established the
water-soluble films as a competitive alternative to traditional
packaging materials for industries looking for sustainable
solutions.
Browse in-depth TOC on "Water Soluble Films Market"
215 – Tables
50 – Figures
210 –
Pages
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Cold water soluble films segment is projected to register the
highest CAGR, in terms of value, of the global water soluble films
market during the forecast period.
The market position of cold water soluble films is attributed to
its technological improvements. Advancements in polymer chemistry
have produced films that are more durable, moisture resistant, and
soluble in cold water. Owing to these developments, a wider variety
of products, particularly those requiring longer shelf lives or
moisture protection during storage and transportation, can now be
packed using cold water soluble films. These films are now more
widely available and more reasonably priced due to the
manufacturers' ability to create them in large quantities for a
variety of sectors.
Agrochemical packaging is estimated to be the second-largest
application of water soluble films market, in terms of value,
during the forecast period.
The agrochemical packaging segment is the second-largest
application in the water soluble films market. Water soluble films
adoption in the agriculture sector is growing in significance for
market expansion since these films are used for many vital
applications, including seed coatings, pesticide delivery, and
agricultural input packaging. Its capacity to lessen environmental
contamination by releasing chemicals only when required is what
makes water soluble films attractive in agriculture. This
controlled release system reduces waste, protects any agrochemical
overuse, and guarantees that these chemicals are applied precise.
This not only increases the effectiveness of farming operations but
also lessens the possibility of detrimental runoff, which can
contaminate the land and water.
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South America is projected
to register the second highest CAGR, in terms of value, during the
forecast period in the water soluble films market.
South America is projected to
register the second highest CAGR in the water soluble films market,
in terms of value, during forecast period due to several factors.
The region's economic growth is one of the primary drivers of the
water soluble films market's anticipated high growth rate in
South America. The countries like
Brazil, Argentina, and Chile, have seen consistent economic growth in
recent times. The expansion of several industries, such as consumer
goods, medicines, and agriculture, which are all major users of
water soluble films, is a result of this economic progress, in turn
driving the market for water soluble films.
The key players profiled in the report Mitsubishi Chemical Group
Corporation (Japan), SEKISUI
CHEMICAL CO., LTD. (Japan),
KURARAY CO., LTD. (Japan), AICELLO
CORPORATION (Japan), Ecopol S.p.A.
(Italy), Arrow GreenTech Ltd.
(India), Cortec Corporation (US),
Changzhou Greencradleland Macromolecule Materials Co., Ltd.
(China), Jiangmen Proudly
Water-soluble Plastic Co., Ltd. (China), AMC (UK) Ltd. (UK), and Noble
Industries (India).
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