Market Research Report
Water Soluble Film Market - Forecast (2020 - 2025)
|Water Soluble Film Market - Forecast (2020 - 2025)|
Published: March 11, 2020
Content info: 117 Pages
Delivery time: 2-3 business days
Water Soluble Films Market Overview
A water soluble PVA/PVOH film is a biodegradable film that facilitates water soluble small dose packaging of detergents, water treatment chemicals, agrochemicals, and dyes. Small water soluble pre-dose packaging provides ease-of-use and helps avoid human contact with the product being packed. Apart from packaging applications, the film is also used in laundry bag and embroidery applications. Increasing demand for packaged foods, beverages, and personal care products with visually appealing labels is driving the market. The market is estimated to grow at a CAGR of 5.14% during the forecast period 2018-2024.
Water Soluble Films Market Outlook
Packaging was the most dominant application segment in the water soluble films market in 2017, with a share of 71% and is expected to continue its dominance in the near future. Laundry bags held the second position in the global water soluble films market. The market is experiencing gradual growth owing to the increase in the demand for water soluble films from detergent packaging, agrochemical packaging, and embroidery industries.
Water Soluble Films Market Growth Drivers
The surging demand for packaged foods, beverages, and personal care products with visually appealing labels, and the increasing awareness among consumers about green technology are driving the growth of the water soluble films market.
Water Soluble Films Market Challenges
High cost of raw materials and PVA films is a major factor that is hindering the market for water soluble films.
Water Soluble Film Market
Water Soluble Films Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Water soluble films market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Water soluble films, and their specific applications in different end use industries.
Water Soluble Films Report: Industry Coverage
Water soluble films by raw material: Hemicellulose (Xylan), Polyvinyl Alcohol/PVOH, Others (includes starch and Polyvinylpyrrolidone (PVP)
Applications area of Water Soluble Films: Packaging, Laundry Bags, Pharmaceuticals and others
North America: The U.S., Canada, Mexico
Europe: The U.K., Germany, France, , Russia, Italy, Spain, Rest of Europe
APAC: China, Japan, Australia, South Korea, India, Rest of APAC
Rest of the World: Middle East and Africa, South America
Water Soluble Films Market Key Players Perspective
Major water soluble films manufactures include Kuraray Co.Ltd., The Nippon Synthetic Chemical Industry Co.Ltd., Sekisui Chemical Co.Ltd., Aicello, Jiangmen Proudly Co.Ltd., and Arrow Greentech.
Water Soluble Films Market Trends
Arrow Greentech Ltd., has in-licensed the technology for biodegradable bio plastics from Sphere, France that is compliant with the European standards. It is 100% bio-compostable, made from renewable plant resources (potato starch, polylactic acid and many others), and has a diverse range of applications such as garbage bags, disposable dishes and carrier bags.
Kuraray has expanded further to the U.S. with the acquisition of the vinyl acetate related business of DuPont in 2014, securing a U.S production base operated by Kuraray America, Inc.
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