+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Water Soluble Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 136 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5633094

Quick Summary:

As the global business landscape becomes increasingly complex, the importance of consistent and rigorous market insight cannot be overstated. With that in mind, we have compiled an in-depth review of the burgeoning global water-soluble film industry. This comprehensive report covers significant trends and developments, offering a clear pathway to strategic, informed decision-making.

Water-soluble film is rapidly becoming a vital component in many industries, driven by considerable growth in the packaging sector, rising household consumption of unit dose packs, and a growing emphasis on the protection of industrial workers from hazardous materials. Our report offers valuable insight into this escalating demand, with a key emphasis on its use within food packaging - a sector experiencing significant growth due to increased demand for ready-to-eat food and single-serve products.

Furthermore, it offers a detailed competitive analysis, describing the market structure, sharing key players, player positioning, and presenting the most effective winning strategies. The industry is characterized by a fragmented market structure with various small and large players due to low product differentiation. Access to distribution networks and minimal capital investments make it moderately accessible for potential new entrants.

This report provides a broad understanding of water-soluble films, a critically important element of diverse applications from packaging agricultural chemicals to base materials for wigs and embroidery. The data provided within the report will enable businesses to remain agile and adapt to the evolving dynamics within the global water-soluble film market. We consider this investment in market intelligence as a high-value addition to your strategic planning.

The global water soluble film market size reached US$ 375.0 Million in 2022. Looking forward, the publisher expects the market to reach US$ 517.1 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028. The burgeoning packaging industry, increasing demand for small or unit dose packs for household items, and the growing concerns for protecting industrial workers from coming in direct contact with hazardous materials represent some of the key factors driving the market.

Escalating Demand for Water Soluble Film in Food Packaging Strengthening Market Growth

Presently, hectic working schedules and increasing demand for convenience and ready-to-eat (RTE) food items are increasing the demand for water soluble film. It is made from edible materials, such as starch and cellulose, which are safe for human consumption. In addition, it is used in the packaging of candy, dried fruits, and snacks, which eliminates the need for separate packaging and reduces waste. Moreover, it is employed for single-serve packaging of products, including coffee, tea, and hot chocolate. Additionally, water soluble film is utilized to wrap perishable foods, such as meat, poultry, and fish, for preserving their freshness and extending their shelf life.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with several small and large players operating in the industry due to low product differentiation. The volume of new entrants is moderate in the water soluble film industry due to the presence of a large number of players, minimum capital investments, and easy access to distribution networks.

What is Water Soluble Film?

Also known as polyvinyl alcohol (PVA/PVOH) film, water-soluble film is a synthetic polymer, which is soluble in water. It is colorless, odorless, biodegradable, and non-toxic and possesses high tear and tensile strength, puncture resistance, and adhesive properties. It offers smooth mechanical operations, enhanced productivity, cost-effectiveness, and flexibility in packaging. It also provides high solvent resistance, gas barrier performance and excellent heat-sealing properties, and printability. As a result, water soluble film is gaining traction in diverse applications, such as packaging agricultural chemicals and pharmaceuticals, printing curved surfaces, and as base materials for wigs and embroidery. It is also used for laminating, packaging, and wrapping applications in a wide range of industries across the globe.

COVID-19 Impact:

The COVID-19 pandemic outbreak imposed unprecedented challenges on manufacturing companies and led to a partial or complete shutdown of facilities. It also created a serious disturbance in the packaging sector and hampered the supply chains, which resulted in labor shortages and an increment in the price of raw materials. This further caused a significant drop in the production of water soluble film and order delays for the packaging companies. Moreover, the movement of raw materials required for manufacturing water-soluble film, including polyvinyl alcohol (PVA), polyacrylic acid (PAA), ethane, polyoxyethylene glycol (PEG), sodium hydroxide (NaOH), auxiliary agent, and water also impacted the production of water soluble films. However, the impact is currently limited, as many providers are involved in managing the supply chain and overcoming the unprecedented pandemic effect.

Water Soluble Market Trends:

At present, water soluble films are employed in the packaging of disinfectants and detergents on account of their non-toxic and biodegradable properties. They also facilitate a barrier for odor, aromas, bacteria, and gases. Product benefits, in confluence with the burgeoning packaging industry and increasing demand for water soluble films as a sustainable and eco-friendly packaging material, represent one of the key factors positively influencing the market across the globe. In addition, the widespread adoption of water soluble films in the chemical industry for protecting industrial workers from coming in direct contact with hazardous materials is bolstering the market growth. Additionally, water soluble films are gaining immense popularity in the food and beverage (F&B) industry on account of their air- and oil-resistant properties, which are offering lucrative growth opportunities to key market players. Furthermore, governments of various countries are implementing stringent environmental protection laws and regulations, which is strengthening the market growth. Besides this, leading market players are heavily investing in research and development (R&D) activities to introduce new products and enhance their existing product portfolio. They are also focusing on producing unique and advanced structures of technologies based on polymer, synthetic chemistry, and carbon material chemistry, with technologies and expertise, which is stimulating the growth of the market around the world.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global water soluble film market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on material, application and end-use industry.

Material Insights:

  • PVA/PVOH
  • Xylan
The report has provided a detailed breakup and analysis of the water soluble film market based on the material. This includes PVA/PVOH and Xylan. According to the report, PVA/PVOH represented the largest segment due to the increasing demand for eco-friendly and biodegradable packaging material. Moreover, it is employed in diverse packaging applications including agrochemicals, cement, pharmaceuticals, detergents, and dyes on account of its high tensile strength and flexibility.

Application Insights:

  • Detergent Packaging
  • Agrochemical Packaging
  • Water Treatment Chemical Packaging
  • Pharmaceutical Packaging
  • Others
A detailed breakup and analysis of the water soluble film market based on the application has also been provided in the report. This includes detergent packaging, agrochemical packaging, water treatment chemical packaging, pharmaceutical packaging, and others. According to the report, detergent packaging accounted for the largest market share on account of the growing utilization of water soluble films in single-use packs, which helps in preventing wastage, spillage, and overdosing by the end user. In addition, water soluble films are widely employed for detergent packaging applications on account of their properties, such as resistance to oil and organic solvents, barrier protection, and biodegradability.

End-Use Industry Insights:

  • Textile
  • Agriculture
  • Consumer Goods
  • Healthcare
  • Others
A detailed breakup and analysis of the water soluble film market based on the end-use industry has also been provided in the report. This includes textile, agriculture, consumer goods, healthcare, and others. According to the report, consumer goods accounted for the largest market share on account of the emerging trend of nuclear families and the elevating urbanization levels are increasing the demand for small or unit dose packs of food and personal care items. In line with this, several detergent manufacturers are introducing single-use packs as a means to expand their customer base and avoid wastage and spillage by the end-user, which is catalyzing the demand for water soluble films. Furthermore, the growing environmental consciousness among consumers and the escalating need for green packaging solutions are also stimulating the market.

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. According to the report, Asia Pacific was the largest market for water soluble film. Some of the factors driving the North America water soluble film market included the rising demand for water-soluble films in flexible packaging materials for extensive applications across the agrochemicals, pharmaceuticals, and textile industries. In addition, the continuous development of numerous manufacturing plants in the region is propelling the demand for water soluble film in the region. Furthermore, the introduction of green procurement policies by government bodies and shifting consumer preferences towards eco-friendly packaging materials, are driving the demand for water soluble film.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global water soluble film market. Some of the companies covered in the report include:

  • Kuraray Co. Ltd.
  • Nippon Synthetic Chemical Industry Co. Ltd.
  • Sekisui Chemical Co., Ltd.
  • Aicello Corporation
  • Arrow GreenTech Ltd.
  • Cortec Corporation
  • Changzhou Kelin PVA Water Soluble Films Co., Ltd.
  • Jiangmen Proudly Water-soluble Plastic Co., Ltd.
  • AMC (UK) Ltd.
  • 3M Company
  • Mitsubishi Chemical Corporation
  • DuPont de Nemours, Inc.
  • Fujian Zhongsu Biodegradable Films Co., Ltd.
  • Dezhou Huamao Textile Co. Ltd.
  • Neptun Technologies GmbH
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global water soluble film market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global water soluble film market?
  • What is the impact of each driver, restraint, and opportunity on the global water soluble film market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • Which is the most attractive material in the water soluble film market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the water soluble film market?
  • What is the breakup of the market based on the end-use industry?
  • Which is the most attractive end-use industry in the water soluble film market?
  • What is the competitive structure of the global water soluble film market?
  • Who are the key players/companies in the global water soluble film market?
Frequently Asked Questions about the Global Water Soluble Film Market

What is the estimated value of the Global Water Soluble Film Market?

The Global Water Soluble Film Market was estimated to be valued at $375 Million in 2022.

What is the growth rate of the Global Water Soluble Film Market?

The growth rate of the Global Water Soluble Film Market is 5.5%, with an estimated value of $517.1 Million by 2028.

What is the forecasted size of the Global Water Soluble Film Market?

The Global Water Soluble Film Market is estimated to be worth $517.1 Million by 2028.

Who are the key companies in the Global Water Soluble Film Market?

Key companies in the Global Water Soluble Film Market include Kuraray Co. Ltd., Nippon Synthetic Chemical Industry Co. Ltd., Sekisui Chemical Co. Ltd., Aicello Corporation, Arrow GreenTech Ltd., Cortec Corporation, Changzhou Kelin PVA Water Soluble Films Co. Ltd., Jiangmen Proudly Water, soluble Plastic Co. Ltd. and AMC (UK) Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Water Soluble Film Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Material
5.5 Market Breakup by Application
5.6 Market Breakup by End-Use Industry
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Material
6.1 PVA/PVOH
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Xylan
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Detergent Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Agrochemical Packaging
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Water Treatment Chemical Packaging
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Pharmaceutical Packaging
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End-Use Industry
8.1 Textile
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Agriculture
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Goods
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
13.1 Price Indicators
13.2 Price Structure
13.3 Margin Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Kuraray Co. Ltd.
14.3.2 Nippon Synthetic Chemical Industry Co. Ltd.
14.3.3 Sekisui Chemical Co., Ltd.
14.3.4 Aicello Corporation
14.3.5 Arrow GreenTech Ltd.
14.3.6 Cortec Corporation
14.3.7 Changzhou Kelin PVA Water Soluble Films Co., Ltd.
14.3.8 Jiangmen Proudly Water-soluble Plastic Co., Ltd.
14.3.9 AMC (UK) Ltd.
14.3.10 3M Company
14.3.11 Mitsubishi Chemical Corporation
14.3.12 DuPont de Nemours, Inc.
14.3.13 Fujian Zhongsu Biodegradable Films Co., Ltd.
14.3.14 Dezhou Huamao Textile Co. Ltd.
14.3.15 Neptun Technologies GmbH
List of Figures
Figure 1: Global: Water Soluble Film Market: Major Drivers and Challenges
Figure 2: Global: Water Soluble Film Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Water Soluble Film Market: Breakup by Material (in %), 2022
Figure 4: Global: Water Soluble Film Market: Breakup by Application (in %), 2022
Figure 5: Global: Water Soluble Film Market: Breakup by End-Use Industry (in %), 2022
Figure 6: Global: Water Soluble Film Market: Breakup by Region (in %), 2022
Figure 7: Global: Water Soluble Film Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 8: Global: Water Soluble Film Industry: SWOT Analysis
Figure 9: Global: Water Soluble Film Industry: Value Chain Analysis
Figure 10: Global: Water Soluble Film Industry: Porter’s Five Forces Analysis
Figure 11: Global: Water Soluble Film (PVA/PVOH) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Water Soluble Film (PVA/PVOH) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Water Soluble Film (Xylan) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Water Soluble Film (Xylan) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Water Soluble Film (Detergent Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Water Soluble Film (Detergent Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Water Soluble Film (Agrochemical Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Water Soluble Film (Agrochemical Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Water Soluble Film (Water Treatment Chemical Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Water Soluble Film (Water Treatment Chemical Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Water Soluble Film (Pharmaceutical Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Water Soluble Film (Pharmaceutical Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Water Soluble Film (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Water Soluble Film (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Water Soluble Film (Textile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Water Soluble Film (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Water Soluble Film (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Water Soluble Film (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Water Soluble Film (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Water Soluble Film (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Water Soluble Film (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Water Soluble Film (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Water Soluble Film (Other End-Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Water Soluble Film (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Water Soluble Film Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Water Soluble Film Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Europe: Water Soluble Film Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Europe: Water Soluble Film Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia Pacific: Water Soluble Film Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia Pacific: Water Soluble Film Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Middle East and Africa: Water Soluble Film Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Middle East and Africa: Water Soluble Film Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Latin America: Water Soluble Film Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Latin America: Water Soluble Film Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: Global: Water Soluble Film Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Water Soluble Film Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 3: Global: Water Soluble Film Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Water Soluble Film Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 5: Global: Water Soluble Film Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Water Soluble Film Market: Competitive Structure
Table 7: Global: Water Soluble Film Market: Key Players

Companies Mentioned

  • Kuraray Co. Ltd.
  • Nippon Synthetic Chemical Industry Co. Ltd.
  • Sekisui Chemical Co. Ltd.
  • Aicello Corporation
  • Arrow GreenTech Ltd.
  • Cortec Corporation
  • Changzhou Kelin PVA Water Soluble Films Co. Ltd.
  • Jiangmen Proudly Water-soluble Plastic Co. Ltd.
  • AMC (UK) Ltd.
  • 3M Company
  • Mitsubishi Chemical Corporation
  • DuPont de Nemours Inc.
  • Fujian Zhongsu Biodegradable Films Co. Ltd.
  • Dezhou Huamao Textile Co. Ltd.
  • Neptun Technologies GmbH

Methodology

Loading
LOADING...