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Water-Soluble Packaging Market Size

Report ID: GMI11631
Published Date: Sep 2024
Report Format: PDF

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Water-Soluble Packaging Market Size

The global water-soluble packaging market size was valued at USD 3.85 billion in 2023 and is anticipated to register a CAGR of over 6% from 2024 to 2032. Increasing global regulations on single-use plastics and stringent waste management policies are driving demand for water-soluble packaging solutions.

water-soluble packaging market

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Governments are implementing bans and restrictions on conventional plastics, compelling companies to seek alternatives like water-soluble packaging to comply with environmental standards. For instance, in 2022, India implemented a national ban on select single-use plastic items to reduce plastic waste. The European Union has also introduced restrictions on certain single-use plastic products through its Single-Use Plastics Directive. These regulatory measures are compelling companies to seek alternatives like water-soluble packaging to comply with environmental standards and reduce their plastic footprint.

Water-Soluble Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Water-Soluble Packaging Market Size in 2023:	USD 3.85 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	6%
2024 – 2032 Value Projection:	USD 6 Billion
Historical Data for:	2021-2023
No. of Pages:	217
Tables, Charts & Figures:	320
Segments covered:	Material, Packaging Type, Solubility Type, End-use Industry
Growth Drivers:	Environmental Regulations Consumer Awareness Corporate Sustainability Goals Growth in E-commerce and Delivery Services Rising Demand from the Food Industry
Pitfalls & Challenges:	High Costs Limited Infrastructure

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Growing consumer awareness about the environmental impact of plastic pollution is boosting demand for sustainable packaging solutions. Shoppers are increasingly choosing products with eco-friendly packaging to minimize their environmental footprint. This shift in consumer preferences is prompting companies to invest in and adopt water-soluble packaging.

Many companies are setting ambitious sustainability targets, which include reducing their reliance on traditional plastics. Water-soluble packaging supports these goals by offering a solution that minimizes plastic waste and aligns with circular economy principles. Water-soluble packaging supports these goals by offering a solution that minimizes plastic waste and aligns with circular economy principles.

The production of water-soluble packaging is generally more expensive than traditional plastic packaging. The higher costs are due to specialized raw materials, advanced manufacturing processes, and the need for cutting-edge technology. These elevated expenses can deter businesses from adopting water-soluble packaging, especially in cost-sensitive industries, and can limit its competitiveness compared to cheaper conventional alternatives.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global water-soluble packaging industry was valued at USD 3.85 billion in 2023 and is anticipated to register a CAGR of over 6% from 2024 to 2032, driven by increasing global regulations on single-use plastics and stringent waste management policies.

The polymers segment accounted for the largest industry share with over 35% in 2023. Polymers such as polyvinyl alcohol (PVOH) are favored for their excellent solubility in water and ability to create strong, flexible films.

North America held the largest share of over 35% in 2023 and is predicted to maintain its dominant position throughout the forecast period. The region's leadership is due to stringent environmental regulations, a strong push for sustainability, and advanced technological infrastructure supporting innovation in eco-friendly packaging solutions.

Major players in the industry include Kuraray, Aicello, Cortec, Sekisui Chemical, Aquapak Polymers, Arrow Greentech, and Soltec Development. These companies are at the forefront of developing cost-effective and high-performance water-soluble materials, driven by consumer demand and regulatory pressure.