Water Soluble Packaging Market by Product Type (Pouches, Bags, Films, Others), by Solubility Type (Hot Water Soluble, Cold Water Soluble, Others), by Raw Material (Fibers, Polymers, Surfactants), by Application (Industrial, Residential) - Growth, Future Prospects, And Competitive Analysis, 2019 - 2027
Key Market Insights
“Rising demand for eco-friendly packaged products will boost the market”
The global water-soluble packaging market is growing competently, expected to grow at a CAGR of 4.8% during the estimated period from 2019 to 2027, starting from US$ 2.3 Bn in 2018.
The plastic used for packaging products is a considered as loss for the economy only after a single-use. According to the report of World Economic Forum 2016, 95% of the plastic used in packaging material, values for about $80-$120 billion annually is considered as waste for an economy only after one-time use. The report also suggests that nearly 8 tons of plastic are being discharged into the oceans. The aforesaid reasons will drive the water-soluble packaging market during the forecasted period. Moreover, efforts are taken by various companies to reduce plastic waste used in packaging also contributes to the growth of the market. For instance, Unilever has implemented The Unilever Sustainable Living Plan (USLP). USLP aims to reduce environmental impact by half. Procter & Gamble declared sustainability through a 30% reduction in plastic packaging in fabric care products.
The rising inclination of consumers towards recycled products is boosting the market. For instance, according to a research study and news during 2018 49% of the UK consumers preferred products made from recycled plastic and 72% preferred products that are packaged with recycled plastic.
Application Analysis
“Reduction of waste generation among industries worldwide will spark market growth”
The application segment is subdivided into industrial, residential and others. Industrial segment records to hold an utmost position in 2018. Industries are focusing to reduce plastic consumption to make the manufacturing process sustainable. Various initiatives by the government to reduce the consumption of plastic is a prominent factor driving the growth of the industrial segment. Various food industries started using edible and soluble packaging for their products. According to the report of World Economic Forum 2016, 8 million plastic is disposed into oceans every year, to elucidate the above problem detergent industries also commenced using water-soluble packaging.
“The growing government initiatives worldwide will boost the industrial segment”
The industrial segment will grow with the fastest CAGR owing to increasing government initiatives such as, in January 2019, a broadcasting company Sky has joined UK government. This collaboration aims to provide funds to start-ups that are devoting the plastic crisis. Moreover, government initiatives to ban single-use plastic is one of the key factor propelling the growth of the market. For instance, in March 2018, the government of Maharashtra (India) declared a ban on the use of plastic.
Regional Analysis
“Dominance is led by the development of new products.”
In 2018, North America led the water-soluble packaging market, increase awareness of the people towards the ill effects of plastic and environmental sustainability. Moreover, involvement of government to reduce plastic waste is pushing manufacturers to produce and use soluble plastic which one of the key factors driving the market. For instance, in May 2019, California government passed an act for reduction of plastic waste in the region. The California Circular Economy and Plastic Pollution Reduction Act, Act aims to reduce 75% of the waste generated from the single-use packaging products by 2030.
Major manufacturers in the North America region are developing new water-soluble plastic packaging and expanding their reach globally. The aforesaid reasons also contributing the growth of the market within the region.
List of Companies Covered:
- Lithey Inc.
- Mondi
- KURARAY CO., LTD.
- AICELLO CORPORATION
- Aquapak
- PACKSPEC
- Watson Inc.
- Arrow GreenTech Ltd.
- Sekisui Specialty Chemicals America.
- PRODOTTI
Key Industry Developments:
- In January 2020, Aquapak launched hot-water soluble polymer. The hot-water soluble is made from polyvinylalchol by using the latest technology. The hot-water soluble bag is non-toxic and marine-safe.
- In August 2017, Mondi launched a new water-soluble film. Mondi water-soluble film is designed for packing of powder, granules and tablets. Mondi’s water-soluble film provides multiple layers of protection.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Product Type (2017–2027; US$ Bn) |
|
Solubility Type (2017–2027; US$ Bn) |
|
|
Raw Material (2017–2027; US$ Bn) |
|
|
Applications (2017–2027; US$ Bn) |
|
|
Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall water-soluble packaging market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the water-soluble packaging market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the water-soluble packaging market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Water Soluble Packaging (WSP ) Market
2.2. Global WSP Market, by Product Type, 2018 (US$ Bn)
2.3. Global WSP Market, by Solubility Type, 2018 (US$ Bn)
2.4. Global WSP Market, by Raw Material, 2018 (US$ Bn)
2.5. Global WSP Market, by Applications, 2018 (US$ Bn)
2.6. Global WSP Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global WSP Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Water Soluble Packaging (WSP ) Market, by Product Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Pouches
4.3. Bags
4.4. Films
4.5. Others (Capsules & Pods)
5. Global Water Soluble Packaging (WSP ) Market, by Solubility Type, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Hot Water Soluble
5.3. Cold Water Soluble
5.4. Others
6. Global Water Soluble Packaging (WSP ) Market, by Raw Material, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Fibers
6.3. Polymers
6.4. Surfactants
7. Global Water Soluble Packaging (WSP ) Market, by Application, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Industrial
7.3. Residential
8. North America Water Soluble Packaging (WSP ) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America WSP Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America WSP Market Value, By Product Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America WSP Market Value, By Solubility Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America WSP Market Value, By Raw Material, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America WSP Market Value, By Applications, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America WSP Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Water Soluble Packaging (WSP ) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe WSP Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe WSP Market Value, By Product Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe WSP Market Value, By Solubility Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe WSP Market Value, By Raw Material, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe WSP Market Value, By Applications, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe WSP Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Water Soluble Packaging (WSP ) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific WSP Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific WSP Market Value, By Product Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific WSP Market Value, By Solubility Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific WSP Market Value, By Raw Material, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific WSP Market Value, By Applications, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific WSP Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Water Soluble Packaging (WSP ) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World WSP Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World WSP Market Value, By Product Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World WSP Market Value, By Solubility Type, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World WSP Market Value, By Raw Material, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of World WSP Market Value, By Applications, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World WSP Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. Lithey Inc.
12.2. Mondi
12.3. Kuraray Co. Ltd.
12.4. AICELLO Corporation
12.5. Aquapak
12.6. PACKSPEC
12.7. Watson Inc.
12.8. Arrow GreenTech Ltd.
12.9. Sekisui Specialty Chemicals America
12.10. PRODOTTI
* Here we are using WSP as a short form of Water Soluble Packaging
TABLE 1 Market Snapshot: Global Water Soluble Packaging (WSP ) Market
TABLE 2 Global WSP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 3 Global WSP Market, by Solubility Type, 2017–2027 (US$ Bn)
TABLE 4 Global WSP Market, by Raw Material, 2017–2027 (US$ Bn)
TABLE 5 Global WSP Market, by Applications, 2017–2027 (US$ Bn)
TABLE 6 Global WSP Market, by Geography, 2017–2027 (US$ Bn)
TABLE 7 North America WSP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 8 North America WSP Market, by Solubility Type, 2017–2027 (US$ Bn)
TABLE 9 North America WSP Market, by Raw Material, 2017–2027 (US$ Bn)
TABLE 10 North America WSP Market, by Applications, 2017–2027 (US$ Bn)
TABLE 11 North America WSP Market, by Country, 2017–2027 (US$ Bn)
TABLE 12 Europe WSP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 13 Europe WSP Market, by Solubility Type, 2017–2027 (US$ Bn)
TABLE 14 Europe WSP Market, by Raw Material, 2017–2027 (US$ Bn)
TABLE 15 Europe WSP Market, by Applications, 2017–2027 (US$ Bn)
TABLE 16 Europe WSP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific WSP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific WSP Market, by Solubility Type, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific WSP Market, by Raw Material, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific WSP Market, by Applications, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific WSP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 22 RoW WSP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 23 RoW WSP Market, by Solubility Type, 2017–2027 (US$ Bn)
TABLE 24 RoW WSP Market, by Raw Material, 2017–2027 (US$ Bn)
TABLE 25 RoW WSP Market, by Applications, 2017–2027 (US$ Bn)
TABLE 26 RoW WSP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 27 Lithey Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Mondi: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Kuraray Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 AICELLO CORPORATION: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Aquapak: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 PACKSPEC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Watson Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 Arrow GreenTech Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 Sekisui Specialty Chemical America: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36 PRODOTTI: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
FIG. 1 Global Water Soluble Packaging (WSP ) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global WSP Market Segmentation
FIG. 4 Global WSP Market, by Product Type, 2018 (US$ Bn)
FIG. 5 Global WSP Market, by Solubility Type, 2018 (US$ Bn)
FIG. 6 Global WSP Market, by Raw Material, 2018 (US$ Bn)
FIG. 7 Global WSP Market, by Applications, 2018 (US$ Bn)
FIG. 8 Global WSP Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key WSP Market Manufacturers, 2018
FIG. 11 Global WSP Market Value Contribution, By Product Type, 2018 & 2027 (Value %)
FIG. 12 Global WSP Market, by Pouches, Value, 2017–2027 (US$ Bn)
FIG. 13 Global WSP Market, by Bags, Value, 2017–2027 (US$ Bn)
FIG. 14 Global WSP Market, by Films, Value, 2017–2027 (US$ Bn)
FIG. 15 Global WSP Market, by Others (Capsules, Pods, etc.), Value, 2017–2027 (US$ Bn)
FIG. 16 Global WSP Market Value Contribution, By Solubility Type, 2018 & 2027 (Value %)
FIG. 17 Global WSP Market, by Hot Water Soluble, Value, 2017–2027 (US$ Bn)
FIG. 18 Global WSP Market, by Cold Water Soluble, Value, 2017–2027 (US$ Bn)
FIG. 19 Global WSP Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 20 Global WSP Market Value Contribution, By Raw Material, 2018 & 2027 (Value %)
FIG. 21 Global WSP Market, by Fibres, Value, 2017–2027 (US$ Bn)
FIG. 22 Global WSP Market, by Polymers, Value, 2017–2027 (US$ Bn)
FIG. 23 Global WSP Market, by Surfactants, Value, 2017–2027 (US$ Bn)
FIG. 24 Global WSP Market Value Contribution, By Applications, 2018 & 2027 (Value %)
FIG. 25 Global WSP Market, by Industrial, Value, 2017–2027 (US$ Bn)
FIG. 26 Global WSP Market, by Residential, Value, 2017–2027 (US$ Bn)
FIG. 27 U.S. WSP Market, 2017–2027 (US$ Bn)
FIG. 28 Canada WSP Market, 2017–2027 (US$ Bn)
FIG. 29 U.K. WSP Market, 2017–2027 (US$ Bn)
FIG. 30 Germany WSP Market, 2017–2027 (US$ Bn)
FIG. 31 France WSP Market, 2017–2027 (US$ Bn)
FIG. 32 Italy WSP Market, 2017–2027 (US$ Bn)
FIG. 33 Rest of Europe WSP Market, 2017–2027 (US$ Bn)
FIG. 34 Japan WSP Market, 2017–2027 (US$ Bn)
FIG. 35 China WSP Market, 2017–2027 (US$ Bn)
FIG. 36 India WSP Market, 2017–2027 (US$ Bn)
FIG. 37 Rest of Asia Pacific WSP Market, 2017–2027 (US$ Bn)
FIG. 38 Middle East & Africa WSP Market, 2017–2027 (US$ Bn)
FIG. 39 Latin America WSP Market, 2017–2027 (US$ Bn)
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