Market Overview:

The global water soluble film market reached a value of US$ 355.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 491.6 Million by 2027, exhibiting a CAGR of 5.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A water-soluble film refers to a thin protective layer made up of polyvinyl alcohol (PVA/PVOH) that dissolves when it comes in contact with water. PVA is a colorless, odorless and biodegradable resin that is free of heavy and toxic elements. Water-soluble films made from this resin have high tensile strength, flexibility, and adhesive properties. They also offer smooth mechanical operations, enhanced productivity, cost-effectiveness and flexibility in packaging. As a result, they are used in the packaging of a wide range of industrial and consumer goods, particularly for single-serve or pre-portioned packs.

The growing demand for water soluble films and their increasing utilization as a sustainable and eco-friendly packaging material are some of the key factors driving the market growth. For instance, they allow detergent manufacturers to offer single-use packs which help in preventing wastage, spillage and overdosing by the end user. In the chemical industry, these films help in protecting industrial workers from coming in direct contact with hazardous materials. Additionally, owing to the air and oil resistant properties of these films, they are widely used in the food and beverage industry. Moreover, with continuous research and development, manufacturers are introducing water-soluble films made from milk-based thermoplastic that can easily break down in soil and water. The increasing requirement of environment-friendly and easy-to-use packaging materials for agrochemicals along with the introduction of stringent environmental protection laws and regulations is another factor contributing to the market growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global water soluble film market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on material, application and end-use industry.

Breakup by Material:

• PVA/PVOH 
• Xylan
   

Breakup by Application:

• Detergent Packaging
• Agrochemical Packaging
• Water Treatment Chemical Packaging
• Pharmaceutical Packaging
• Others
   

Breakup by End-Use Industry:

• Textile
• Agriculture
• Consumer Goods
• Healthcare
• Others
   

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Kuraray Co. Ltd., Nippon Synthetic Chemical Industry Co. Ltd., Sekisui Chemical Co., Ltd., Aicello Corporation, Arrow GreenTech Ltd., Cortec Corporation, Changzhou Kelin PVA Water Soluble Films Co., Ltd., Jiangmen Proudly Water-soluble Plastic Co., Ltd., AMC (UK) Ltd., 3M Company, Mitsubishi Chemical Corporation, DuPont de Nemours, Inc., Fujian Zhongsu Biodegradable Films Co., Ltd., Dezhou Huamao Textile Co. Ltd., and Neptun Technologies GmbH, etc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global water soluble film market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global water soluble film industry?
• What has been the impact of COVID-19 on the global water soluble film market?
• What is the breakup of the market based on the material?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end-use industry?
• What are the various stages in the value chain of the global water soluble film industry?
• What are the key driving factors and challenges in the global water soluble film industry?
• What is the structure of the global water soluble film industry and who are the key players?
• What is the degree of competition in the global water soluble film industry?
• What are the profit margins in the global water soluble film industry?