PUBLISHER: Grand View Research | PRODUCT CODE: 1772275
PUBLISHER: Grand View Research | PRODUCT CODE: 1772275
The global water soluble packaging market size is expected to reach USD 4.70 billion by 2030, expanding at a CAGR of 5.5% over the forecast period of 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising demand from various end-user industries such as household products, agriculture, medical, and others. This packaging solution is easily dissolvable and eliminates the need for disposing of the packaging materials.
The packaging is made from water-soluble polymers, surfactants, and fibers, and is widely used in household products such as laundry detergent pods and other cleaning products. Moreover, such packaging solutions help reduce the amount of plastic waste generated in the case of traditional packaging materials. When water-soluble packaging is used, it dissolves in water, leaving no residue behind.
Water-soluble packaging can also help to eliminate the exposure to potentially harmful chemicals. Some traditional packaging materials can release harmful chemicals into the environment or the products they contain. Water-soluble packaging, on the other hand, is made from materials that are safe for use in household cleaning products and do not release harmful chemicals.
Furthermore, stringent government regulations for a worldwide plastic ban also drive the market. Many countries have banned the use of single-use plastic packaging, which further gives rise to water-soluble packaging alternatives. For instance, in 2022, the Canadian government launched initiatives to reduce plastic waste, including a ban on single-use plastics and promoting the use of eco-friendly packaging such as water-soluble packaging solutions to achieve their zero-plastic waste goal by 2030.
Industry players are adopting several strategies, including expansions, mergers & acquisitions, joint ventures, and partnership agreements, to increase the customer base and individual market share. For instance, in August 2022, Aquapak Polymers Ltd. announced a partnership with TIPA Ltd., an eco-friendly packaging provider. The collaboration helps the company to offer a wider range of solutions to meet the growing consumer demand for sustainable packaging, thus positively impacting the water-soluble packaging market.