Theglobal watersoluble packaging market size was valued at USD 3.61 billion in 2023. Themarket is projected to expand from USD 3.78 billion in 2024 to USD 5.65 billion
by 2032, exhibiting a CAGR of 5.13% during the forecast period.
The biodegradability of water-solublepackaging technology, where materials dissolve entirely in water, leaving no
trace contributes to the eco-friendliness. The growing utilization of
water-soluble packaging in agriculture and healthcare sectors is driven by
environmental concerns and the imperative for secure disposal. This trend
indicates significant market growth potential across multiple end-use
industries during the forecast period.
Water soluble packaging encountered a downturn amidthe COVID-19 pandemic, witnessing diminished demand across sectors owing to
disruptions in production and distribution channels. However, projections
indicated substantial market expansion ahead, propelled by the packaging's
eco-friendly characteristics.
Fortune Business Insights™ provides this information in its research report, titled “Water SolublePackaging Market, 2024-2032”.
Segmentation:
Polymer Segment Segment Leads owing to it Durability
By material,the market is segmented into polymers {Polyvinyl Acetate, Polyvinyl Alcohol},
surfactants, and fibers. The polymers segment captures the largest water
soluble packaging market share. The robust film-forming properties of polymers contribute tothe durability and effectiveness of water-soluble packaging, enhancing their
appeal and driving market demand.
The report provides a thorough market analysis, including leadingcompanies, competitive landscape, product/service types, and market shares,
alongside key application insights and industry trends.
Drivers and Restraints:
Rising Demand for Convenience, Safety, andTechnological Advancement to Propel Market Growth
Water solublepackaging simplifies handling of hazardous substances and reduces the risk of
accidental exposure, especially vital in healthcare applications, fostering
market expansion. Moreover, ongoing advancements in material science and
packaging technology have enhanced water-soluble packaging properties,
overcoming challenges related to strength, heat resistance, and performance,
thereby driving water soluble packaging market growth.
