Envisioned to expand at a CAGR of 5.6%, the global water soluble bags market is poised to achieve a valuation of US$ 1.7 billion in 2022, setting the stage for further growth. Projections indicate a substantial increase, with the market size anticipated to reach US$ 2.9 billion by 2032. The year 2022 is expected to witness a year-on-year (Y-o-Y) growth of 5.3% in the water soluble bags market. Against a backdrop of environmental considerations and evolving packaging trends, this growth trajectory reflects an escalating demand for water soluble bags, emphasizing their role in sustainable and eco-friendly packaging solutions.
Polyvinyl alcohol (PVA) material serves as a water-soluble resin, boasting biodegradability. These bags, crafted from PVA, dissolve entirely in both cold and hot water, as endorsed by the Environmental Protection Agency (E.P.A.). Particularly in agro and chemical packaging, PVA bags are deemed completely biodegradable and environmentally safe. Leveraging their inherent biological structure, PVA bags dissolve seamlessly in water, leaving no trace of sediment, waste, or residue in nature, aligning with eco-friendly practices and contributing to the sustainable evolution of packaging solutions.
The India water-soluble packaging market delineates segments encompassing polymers, fibers, and surfactants, with polymers claiming the predominant share in 2018. According to the report, the India water-soluble bags market is poised for a notable surge, projecting a 6.2% increase in sales over the forecast period. This growth trajectory underlines the market’s responsiveness to evolving preferences and sustainable packaging solutions in the Indian landscape. Polymers emerge as a key driver, signifying the market’s emphasis on versatile materials, while the overall projection reflects a rising demand for water-soluble bags and a burgeoning interest in eco-friendly packaging practices within the Indian market.
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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.
For instance:
- In October 2021, Garment packaging bags made of Aquapak polymer will be released by the Finisterre garment industry, according to Aquapak Polymer Ltd. (UK). The startup intends to use soluble packaging to replace traditional packaging.
- In June 2020, Powerflute Group, a branch of Nordic Packaging and Container Holdings, was bought by Mondi Group (Austria) in order to boost its innovative packaging business in Europe.
- In March 2020, Kuraray Co. Ltd. (Japan) has opened a water soluble film production plant in Indiana, United States. The development will aid the company’s ability to expand its production capabilities.
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.
Water Soluble Bags Market Growth and Trends
The water soluble bags market has witnessed significant growth in recent years, with a promising outlook for the future. Several key trends are shaping the industry:
1. Rising Demand for Eco-Friendly Packaging
The global shift towards eco-consciousness has led to a surge in demand for sustainable packaging solutions, propelling the water soluble bags market’s growth.
2. Technological Advancements
Manufacturers are investing in research and development to improve the strength, durability, and dissolvability of water soluble bags, expanding their scope in various industries.
3. Collaborative Initiatives for Environmental Conservation
Many companies are partnering with environmental organizations and governments to promote the use of water soluble bags and reduce plastic pollution.
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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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
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