The global water soluble bags market is expected to grow at a CAGR of 5.6%, reaching US$ 1.7 Billion in 2022. Against this backdrop, the market size will reach US$ 2.9 Billion by 2032. The water soluble bags market is anticipated to exhibit Y-o-Y growth of 5.3% in 2022
The water soluble bags market refers to the production, distribution, and sales of bags that dissolve in water or other liquids. These bags are made from water-soluble polymers that disintegrate when exposed to water or moisture. The water soluble bags market is gaining traction due to the growing concern over environmental pollution caused by traditional plastic bags.
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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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.
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.
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.
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Water Soluble Bags Market: Challenges
Despite their numerous benefits, water soluble bags face several challenges that hinder their widespread adoption.
- Cost- Water soluble bags are more expensive to produce than traditional plastic bags, making them less cost-effective for some applications.
- Durability- Water soluble bags are not as durable as traditional plastic bags, This reduced durability makes water soluble bags unsuitable for certain applications, such as heavy-duty packaging or long-term storage.
- Compatibility- Water soluble bags are not compatible with all types of products, such as oils and other hydrophobic substances, which can affect their disintegration process.
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
Key Benefits
- This report provides a quantitative analysis of the current Water Soluble Bags market trend, market opportunities, estimations, and dynamics of the Water Soluble Bags market analysis from 2023 to 2033 to identify the prevailing Water Soluble Bags market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities. - Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Water Soluble Bags market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electrostatic discharge (esd) packaging market trends, key players, market segments, application areas, and market growth strategies.
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