he global water soluble bags market is expected to grow at a CAGR of 5.6%, reaching US$ 1.7 Bn in 2022. Against this backdrop, the market size will reach US$ 2.9 Bn by 2032. The water soluble bags market is anticipated to exhibit Y-o-Y growth of 5.3% in 2022
Increasing usage of water soluble bags in a variety of sectors, as well as growing environmental and sustainability concerns are expected to augment the growth in the market.
The water-soluble bags are comprised of biodegradable components that dissolve in water, leaving a safe and harmless aqueous solution behind. They are a preferred packaging material in a variety of sectors due to their better solubility in water with less residue and strong impact resistance.
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Polyvinyl alcohol (PVA), being a highly water soluble artificial polymer, is used to make water-soluble packaging items such films, bags, and pouches. Polyvinyl alcohol is a colourless, odourless polymer with excellent tensile strength, flexibility, nontoxic qualities, and adhesive capabilities.
Sustainable packaging is made from biodegradable materials and aids in environmental protection. In both developed and developing nations, rising public awareness of environmental issues has resulted in increased demand for sustainable packaging and processing activities.
Furthermore, the need for a sustainable packaging solution has increased due to the expansion of numerous sectors and companies. Consumers are increasingly becoming concerned about environmental protection, sustainability, ethics, safety, product pricing, and quality while purchasing items.
“Eco-friendly water soluble bags of polyvinyl alcohol material in packaging are expected to gain traction in the next decade due to the rise in consumer awareness for safe usage of hazardous and environment-friendly materials by eliminating non-biodegradable materials,” comments FMI analyst.
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Key Takeaways:
- Based on material type, sales in the polyvinyl alcohol (PVA) segment are slated to increase at a 5.4% CAGR over the forecast period.
- In terms of applications, demand in the chemicals and agrochemicals sector will grow at a 6.1% CAGR through 2032.
- The U.S. water soluble bags market will expand at a 4% CAGR over the assessment period.
- India will emerge as a lucrative pocket, with demand growing at a 6.2% CAGR over the forecast period.
Competition Landscape
POLYE MATERIALS CO., LTD, Chromogreen, ESCARRÉ AUTOMATIZACIÓN Y SERVICIOS, S.L., Acedag Limited, Extra Packaging Corporation, TREVOR OWEN LIMITED, EOS Plast Srl, DESCO INDIA, Rovi Packaging, S.A., FOSHAN POLYVA MATERIALS CO., LTD, Adventpac, Green Tech Bio Products, Shanghai Yifu Packaging Products Co., Ltd, Aquapak, United States Plastic Corporation.
Global Water Soluble Bags Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for water soluble bags market by material type (polyvinyl alcohol (PVA), LDPE (low density polyethylene), and HDPE (high density polyethylene)), by capacity (less than 100 ml, 101 to 200 ml, 201-300, and above 300 ml), by application (chemical & agrochemical, personal care & cosmetics, home care, food, and pharmaceuticals), across seven regions.
Global Water Soluble Bags Market By Category
By Material Type:
- Polyvinyl Alcohol (PVA)
- LDPE (Low Density Polyethylene)
- HDPE (High Density Polyethylene)
By Capacity:
- Less than 100 ml
- 101 to 200 ml
- 201-300
- Above 300 ml
By Application:
- Chemical & Agrochemical
- Personal Care & Cosmetics
- Home Care
- Food
- Pharmaceuticals
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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