The global water-soluble packaging market size is expected to reach USD 5,330.31 million by 2032, according to a new study by Polaris Market Research. The report “Water Soluble Packaging Market Share, Size, Trends, Industry Analysis Report, By Material (Polymers, Fibers, Surfactants), By Product, By Solubility Type, By End-Use, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market's growth is driven by increasing demand from various industries, including household products, agriculture, medicine, etc. This packaging solution offers easy dissolution, eliminating the need for disposing of packaging materials separately. It primarily comprises water-soluble polymers, surfactants, & fibers, making it compatible with a wide range of products. The convenience of using water-soluble packaging in these applications is that it dissolves completely in water, leaving no residue.
The materials used in water-soluble packaging are carefully selected to ensure they do not introduce harmful chemicals into the products or the surrounding environment. This is particularly important in applications such as household cleaning products, where consumers come into direct contact with the packaging and the products inside. By utilizing water-soluble packaging, manufacturers can provide consumers with a safer alternative that minimizes the risk of exposure to potentially harmful chemicals. This is particularly relevant in household cleaning products, where individuals may have frequent and close contact with the packaging materials.
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The market is also influenced by stringent government regulations worldwide that aim to combat plastic pollution. Numerous countries have implemented bans on single-use plastic packaging, creating a significant demand for alternatives such as water-soluble packaging. For example, the Canadian government has taken initiatives in 2022 to address plastic waste, including prohibiting single-use plastics. Additionally, they have promoted adopting eco-friendly packaging solutions like water-soluble packaging to achieve their goal of zero-plastic waste by 2030.
To expand their customer base and enhance their market share, industry players in the water-soluble packaging market are implementing various strategic approaches such as expansions, mergers and acquisitions, joint ventures, and partnership agreements. An example is Aquapak Polymers, which announced a partnership with TIPA Ltd., an eco-friendly packaging provider, in August 2022. Through this collaboration, Aquapark Polymers can offer a broader range of solutions to meet the increasing consumer demand for sustainable packaging. Such strategic partnerships and collaborations are vital in driving innovation, expanding market reach, and meeting customer demands for sustainable packaging alternatives. By joining complementary companies, water-soluble packaging manufacturers can combine their strengths and resources to deliver more comprehensive, eco-friendly packaging solutions.
Water Soluble Packaging Market Report Highlights
Polaris Market Research has segmented the water-soluble packaging market report based on material, product, solubility type, end use, and region:
Water Soluble Packaging, Material Outlook (Revenue - USD Million, 2019 - 2032)
Water Soluble Packaging, Product Outlook (Revenue - USD Million, 2019 - 2032)
Water Soluble Packaging, Solubility Type Outlook (Revenue - USD Million, 2019 - 2032)
Water Soluble Packaging, End Use Outlook (Revenue-USD Million, 2019 - 2032)
Water Soluble Packaging, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 3493.05 million |
Revenue forecast in 2032 |
USD 5,330.31 million |
CAGR |
5.40% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
Segments covered |
By Material, By Product, By Solubility Type, By End-Use, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Key companies |
Kuraray, Lithey Inc., Mondi Group, SEKISUI CHEMICAL, Mitsubishi Chemical Corporation, Soltec Development, Soluble Technology, Aquapak Polymers, Rovi Packaging, AICELLO CORPORATION, Cortec Corporation, Acedag Ltd, Green Master Packaging, Solupak, EOS Plast, and Solubag. |
For Specific Research Requirements |