The global water-soluble pod packaging market is anticipated to reach USD 284.7 million by 2023. With an expansion of product applications, the market’s potential is significantly bolstered, projecting a compound annual growth rate (CAGR) of 16.4% from 2023 to 2033. By 2033, it is expected to soar to approximately USD 1.2 billion, signifying a substantial evolution in the adoption of water-soluble packaging solutions.
This growth trajectory underscores the increasing demand for convenient and environmentally friendly packaging options, reflecting a broader shift towards sustainable practices in the consumer goods industry.
Water-soluble pods seamlessly align with the sustainability objectives of e-commerce platforms and direct-to-consumer channels, reflecting a growing consumer awareness of the environmental impact of packaging waste.
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These pods address this concern by providing a sustainable packaging solution, often crafted from biodegradable materials that dissolve in water, leaving behind no harmful residues or plastic waste. This eco-friendly feature resonates with environmentally conscious consumers who prioritize products packaged in sustainable materials.
The water-soluble pods packaging market in the United States is experiencing significant progress, primarily driven by the increasing development of coffee pods. These pods have become a popular choice for food service businesses like restaurants, coffee shops, and cafes. They offer a convenient and efficient way to produce high-quality espresso with just the touch of a button, making it easier for businesses to serve their customers quickly and consistently.
One of the primary factors contributing to the growth of the water soluble pods packaging market is the increasing consumer demand for convenient and eco-friendly packaging. In today’s fast-paced world, consumers seek products that provide convenience and ease of use.
Water soluble pods offer a hassle-free solution, allowing users to simply drop a pod into water, where it dissolves and releases its contents. The eliminates the need for measuring or handling messy liquids or powders. The convenience factor of water soluble pods appeals to busy consumers who value time-saving and efficient packaging solutions.
Key Takeaways from the Market Study
- The global water soluble pods packaging market was valued at USD 244.6 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 9.5%.
- The United States is expected to hold a dominant CAGR of 16.3% during the forecast period.
- By material, the Poly Vinyl segment is expected to constitute a CAGR of 5.1% in 2033.
- On the basis of end-user industry, the detergents segment is expected to dominate the market with a CAGR of 16.1% in 2033.
- From 2023 to 2033, water soluble pods packaging market is expected to flourish at a CAGR of 16.4%.
- By 2033, the market value of water soluble pods packaging is expected to reach USD 1.2 billion.
Competitive Landscape
Key players in the water soluble pods packaging market are working on increasing profits from their current product portfolios while also researching potential new applications. The manufacturers are focusing on improving their water soluble pods packaging production capacities in order to meet demand from a wide range of end use industries. Prominent players are also seeking for geographical growth to reduce reliance on imported water soluble pod packing.
Key Players
Aicello Corporation; Mitsubishi Chemical Corporation; MonoSol, LLC; Sekisui Chemical Co., Ltd; Plasticos Hidrosolubles; S.L; Mondi Group Plc; Arrow Greentech Limited; Cortec Corporation; Guangdong Proudly New Material Technology Corp.; Aquapak Ltd.; Soltec Development SAS; Noble Industries; Jiangmen Cinch Packaging Materials Co., Ltd.; Changzhou Water Soluble Co., Ltd.; Fujian Zhongsu Biodegradable Films Co., Ltd.; Solupak Ltd.; Amtrex Nature Care Pvt. Ltd.; MSD Corporation; White Industries
Recent Developments
- In December 2021, Invisible Company, a Hong Kong-based provider of sustainable and innovative packaging solutions, unveiled its ambitious project to develop a revolutionary packaging solution known as the Invisible Bag. The aim of this initiative is to address the environmental challenges posed by conventional ‘flat top’ plastic bags commonly used for packaging baked goods and fresh products in supermarkets.
- In December 2021, EcoLogic Solutions, a company specializing in eco-friendly cleaning solutions, introduced water-soluble cleaning concentrate sachets. The sachets dissolve in water, eliminating the need for single-use plastic bottles. The company aims to reduce plastic waste and promote sustainable cleaning practices.
- In October 2021, TIPA, a global leader in compostable packaging solutions, launched water-soluble packaging films for the food and beverage industry. Thes films dissolve completely in water, offering a sustainable alternative to traditional plastic packaging. They are designed to maintain product freshness and quality while reducing environmental impact.
Key Segments Profiled In The Global Water Soluble Pods Packaging Market
Material Type:
- Poly Vinyl Alcohol
Product Type:
- Single Layer Water Pods
- Dual Layer Water Pods
- Multi Chamber Water Pods
End Use:
- Detergents
- Hand Wash
- Dish Wash
- Others (Shaving Creams)
Thickness Type:
- Below 30 Micro Meter
- 31-60 Micro Meter
- 61 Micro Meter Thickness
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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