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Asia Pacific Water Soluble Packaging Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material ; Product Type ; Solubility Type ; Application

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Asia Pacific Water Soluble Packaging Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material ; Product Type ; Solubility Type ; Application
Published: May 9, 2020 Content info: 144 Pages
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Title:
Asia Pacific Water Soluble Packaging Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material (Polymers, Fibers, Surfactants); Product Type (Pouches, Films, Bags, Others); Solubility Type (Hot Water Soluble, Cold Water Soluble); Application (Industrial, Residential).

The Asia Pacific market was valued at US$ 639.9 million in 2018 and is projected to reach US$ 1,022.3 million by 2027; it is expected to grow at a CAGR of 5.3% from 2019 to 2027.

Water soluble packaging refers to the type of packaging made from biodegradable materials that dissolve in water leaving behind harmless and non-toxic aqueous solution. It is best suited for water owing to its better solubility in water with minimum residue and good impact resistance. However, Water soluble packaging is manufactured in different grades, including cold water and hot water soluble PVA grades. Water soluble packaging products such as films, bags and pouches are manufactured using polyvinyl alcohol (PVOH), which is a synthetic polymer highly soluble in water. Water soluble packaging is mainly used in the packaging of dyes, detergents, agrochemicals, and other industrial chemicals. Additionally, they are used in the manufacture of disposal bags, laundry bags, and shopping bags. Water-soluble packaging is considered to be an environment friendly alternative over single-use plastic. The growth in various industries and factories has increased the demand for a sustainable packaging solution over the past few years. As the packaging industry has the biggest impact on the environment, the demand for eco-friendly packaging solutions drives the growth of water soluble packaging market.

Based on raw material, the Asia Pacific water soluble packaging market has been segmented into polymers, fibers, and surfactants. In 2018, the polymers segment held the largest share of the Asia Pacific water soluble packaging market; however, the fibers segment is expected to grow at the highest CAGR during the forecast period. Water soluble polymers are environmentally biodegradable and thus help in effective waste management and environmental protection. Polymers are extensively used in the production of water soluble packaging products such as bags, pouches, pods, and films. For instance, polyvinyl alcohol (PVA or PVOH) is used in manufacturing water soluble bags and films, as it dissolves fast when it comes into contact with water. Furthermore, its biodegradable and non-toxic properties propel its usage in the water soluble packaging production. Fiber-based packaging utilizes reusable, renewable, and biodegradable materials in the process of production. Fibers such as seaweed and collagen are used as a raw material in the production of water soluble packaging. Surfactants are one of the key raw materials used in the production of water soluble packaging products such as films, bags, and pouches. Surfactants provide smooth process ability in the production of water soluble films. It provides ease of separation of the formed film from the metal surface of the drum and also acts as an anti-blocking agent. Two types of surfactants are added during the production of water soluble packaging which includes anionic and non-ionic surfactants. More than 2% of surfactant leaches out of the surface of the water soluble film and acts to cause blocking, which leads to deterioration in handling properties of the water soluble film.

Geographically, the Asia Pacific water soluble packaging market has been segmented into China, India, Japan, South Korea, and Rest of APAC. In 2018, China accounted for the largest share of the Asia Pacific water soluble packaging market. Japan is expected to grow at the highest CAGR during the forecast period. With excellent heat-sealing property and printability, the water soluble packaging films are ideal for use as a packing material, widely used as materials for pesticides and detergent packing, and also as base materials of embroidery and water transfer printing. These factors are propelling the market growth of the water-soluble packaging market in China. Bearing different grade-specific application parameter requirements of dissolution times, strength, stiffness, companies supply customized plain film and embossed films, to meet diverse needs consumer needs in China. Rising consumer awareness about the benefits offered by the water-soluble packaging, growing environmental concern, and multi-functional usage in the pharmaceutical, agrochemical, and plastic industries are acting as a major driver for the Japanese market. Water soluble packaging is used in the manufacture of disposal bags, laundry bags, and shopping bags. The water soluble packaging films have found many industrial applications due to its gas barrier protection and resistance to oil & organic solvents. These factors are influencing the market growth for water-soluble packaging in Japan. Development of biodegradable, water-soluble films drives the growth of the water-soluble packaging market. Furthermore, the flexibility in packaging offered by these films fuels their demand, thereby supplementing the market growth for water-soluble packaging in Japan. The consumers in India are quite concerned about environmental pollution happening due to the excessive use of plastic. By using water-soluble packaging, this pollution can be reduced; which in turn is creating demand for water-soluble films. The FDA clearance for the use of polymers-PVOH (Polyvinyl alcohol)-is estimated to support the growth of the South Korea Water Soluble Packaging market. There is an increasing demand for water-soluble packaging in the South Korean industries where the workers have to handle chemicals. This is the primary reason propelling the growth of water-soluble packaging products in the industrial chemical category in South Korea. The Rest of APAC includes Australia, Singapore, Malaysia, Taiwan, and Vietnam. Developed and developing countries like Australia, Singapore, and Malaysia have adopted the new technique of using water-soluble packaging for these chemicals. The key principle in using this new type of environment protection water-soluble packaging material is to separate bulk packaging into smaller ones. The water soluble films are used for industrial and commercial applications, including aviation sanitizers, industrial floor cleaners, and commercial laundry detergents. These factors are influencing the market growth for water-soluble packaging in the rest of the Asia-Pacific region.

Cortec Corporation, Harke group, Smart Solve Industries, Kuraray Co., Ltd, Sekisui Chemical Co., Ltd, Mitsubishi Chemical Corporation, Jiangmen Cinch Packaging Materials Co., Ltd., Changzhou Kelin PVA Water Soluble Films Co., Ltd. And Mondi Group are among the major players in the Asia Pacific water soluble packaging market.

Overall size of the Asia Pacific water soluble packaging market has been derived in accordance to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Additionally, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific water soluble market.

Wuhan (China) was the first city to be caused by COVID-19 in December 2019 and since then it has spread at a fast pace across the world. China, Italy, Iran, Spain, republic of Korea, France, Germany, and the US are some of the worst affected countries in terms of positive cases and reported deaths as per the data of March 2020. The COVID-19 outbreak has been affecting economies and industries in various industries in different countries due to lockdowns, travel bans, and business shutdowns. The chemical & materials industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The lockdown of various plants and factories in the Asia Pacific is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods and services. Besides, the chemical, pharmaceutical, food & beverage, and other industries are affected in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months. The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus impacting the revenue generated by the market. As per the Airports Council International (ACI) Asia-Pacific, extended COVID-19 outbreak would drastically impact the region's airports' connectivity and economic sustainability, thereby restricting Asia Pacific region from achieving the desired growth prospects. The market growth will be negatively impacted by such closures in the coming period. At present, China has the highest number of COVID-19 confirmed cases. Due to the COVID-19 outbreak, the supply chain is likely to get affected, which in turn will affect the economy of Asia Pacific region.

Reasons to Buy

  • Highlights key business priorities to assist companies realign their business strategies.
  • Featureskey findings and crucial progressive industry trends in the Asia Pacific water soluble packaging market, thereby allowing players to develop effective long-term strategies.
  • Develops/modifiesbusiness expansion plans by using substantial growth offering from developed and emerging markets.
  • Scrutinizes in-depth market trends as well askey market driversand restraints.
  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Table of Contents
Product Code: TIPRE00010733

TABLE OF CONTENTS

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Asia Pacific Water Soluble Packaging Market - By Raw Material
    • 1.3.2 Asia Pacific Water Soluble Packaging Market - By Product Type
    • 1.3.3 Asia Pacific Water Soluble Packaging Market - By Solubility Type
    • 1.3.4 Asia Pacific Water Soluble Packaging Market - By Application
    • 1.3.5 Asia Pacific Water Soluble Packaging Market - By Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Water Soluble Packaging Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis - Asia Pacific

5. Water Soluble Packaging Market - Key Industry Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Ban on Single-Use Plastics
    • 5.1.2 Rising Demand for Sustainable Packaging
  • 5.2 Market Restraints
    • 5.2.1 High Production Cost of Water Soluble Packaging
  • 5.3 Market Opportunities
    • 5.3.1 Increasing Demand for Personal Care and Cosmetic Application
  • 5.4 Future Trends
    • 5.4.1 Introduction of Plant-Based Raw Material Sources for Production of Water Soluble Packaging
  • 5.5 Impact Analysis Of Drivers And Restraints

6. Water Soluble Packaging - Asia Pacific Market Analysis

  • 6.1 Asia Pacific Water Soluble Packaging Market Overview
  • 6.2 Asia Pacific Water Soluble Packaging Market Forecast and Analysis

7. Water Soluble Packaging Market Analysis - By Raw Material

  • 7.1 Overview
  • 7.2 Water Soluble Packaging Market, By Raw Material (2018 and 2027)
  • 7.3 Polymers
    • 7.3.1 Overview
    • 7.3.2 Polymers: Water Soluble Packaging Market - Revenue, and Forecast to 2027 (US$ Mn)
  • 7.4 Fibers
    • 7.4.1 Overview
    • 7.4.2 Fibers: Water Soluble Packaging Market - Revenue, and Forecast to 2027 (US$ Mn)
  • 7.5 Surfactants
    • 7.5.1 Overview
    • 7.5.2 Surfactants: Water Soluble Packaging Market - Revenue, and Forecast to 2027 (US$ Mn)

8. Water Soluble Packaging Market Analysis - By Product Type

  • 8.1 Overview
  • 8.2 Water Soluble Packaging Market, By Product Type (2018 and 2027)
  • 8.3 Pouches
    • 8.3.1 Overview
    • 8.3.2 Pouches: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • 8.4 Films
    • 8.4.1 Overview
    • 8.4.2 Films: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • 8.5 Bags
    • 8.5.1 Overview
    • 8.5.2 Bags: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • 8.6 Others
    • 8.6.1 Overview
    • 8.6.2 Other Product Type: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)

9. Water Soluble Packaging Market Analysis - By Solubility Type

  • 9.1 Overview
  • 9.2 Water Soluble Packaging Market, By Solubility Type (2018 and 2027)
  • 9.3 Hot Water Soluble
    • 9.3.1 Overview
    • 9.3.2 Hot Water Soluble: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • 9.4 Cold Water Soluble
    • 9.4.1 Overview
    • 9.4.2 Cold Water Soluble: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)

10. Water Soluble Packaging Market Analysis - By Application

  • 10.1 Overview
  • 10.2 Water Soluble Packaging Market, By Application (2018 and 2027)
  • 10.3 Industrial
    • 10.3.1 Overview
    • 10.3.2 Industrial: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • 10.4 Residential
    • 10.4.1 Overview
    • 10.4.2 Residential: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)

11. Water Soluble Packaging Market - Country Analysis

  • 11.1 Overview
    • 11.1.1 Asia Pacific: Water Soluble Packaging Market -Revenue and Forecast to 2027(US$ Mn)
    • 11.1.2 Asia Pacific: Water Soluble Packaging Market, by Key Country
      • 11.1.2.1 China: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.1.1 China: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.1.2 China: Water Soluble Packaging Market, by Product Type
        • 11.1.2.1.3 China: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.1.4 China: Water Soluble Packaging Market, by Application
      • 11.1.2.2 Japan: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.2.1 Japan: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.2.2 Japan: Water Soluble Packaging Market, by Product Type
        • 11.1.2.2.3 Japan: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.2.4 Japan: Water Soluble Packaging Market, by Application
      • 11.1.2.3 India: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.3.1 India: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.3.2 India: Water Soluble Packaging Market, by Product Type
        • 11.1.2.3.3 India: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.3.4 India: Water Soluble Packaging Market, by Application
      • 11.1.2.4 South Korea: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.4.1 South Korea: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.4.2 South Korea: Water Soluble Packaging Market, by Product Type
        • 11.1.2.4.3 South Korea: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.4.4 South Korea: Water Soluble Packaging Market, by Application
      • 11.1.2.5 Rest of Asia Pacific: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.5.1 Rest of Asia Pacific: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.5.2 Rest of Asia Pacific: Water Soluble Packaging Market, by Product Type
        • 11.1.2.5.3 Rest of Asia Pacific: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.5.4 Rest of Asia Pacific: Water Soluble Packaging Market, by Application

12. Overview- Impact of Covid-19 Outbreak

13. Impact of COVID-19 Pandemic on Asia Pacific Water Soluble Packaging Market

  • 13.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic

14. Company Profiles

  • 14.1 Cortec Corporation
    • 14.1.1 Key Facts
    • 14.1.2 Business Description
    • 14.1.3 Products and Services
    • 14.1.4 Financial Overview
    • 14.1.5 SWOT Analysis
  • 14.2 Smart Solve Industries
    • 14.2.1 Key Facts
    • 14.2.2 Business Description
    • 14.2.3 Products and Services
    • 14.2.4 Financial Overview
    • 14.2.5 SWOT Analysis
    • 14.2.6 Key Developments
  • 14.3 Harke Group
    • 14.3.1 Key Facts
    • 14.3.2 Business Description
    • 14.3.3 Products and Services
    • 14.3.4 Financial Overview
    • 14.3.5 SWOT Analysis
  • 14.4 Kuraray Co., Ltd
    • 14.4.1 Key Facts
    • 14.4.2 Business Description
    • 14.4.3 Products and Services
    • 14.4.4 Financial Overview
    • 14.4.5 SWOT Analysis
    • 14.4.6 Key Developments
  • 14.5 Sekisui Chemical Co., Ltd.
    • 14.5.1 Key Facts
    • 14.5.2 Business Description
    • 14.5.3 Products and Services
    • 14.5.4 Financial Overview
    • 14.5.5 SWOT Analysis
  • 14.6 Mitsubishi Chemical Corporation
    • 14.6.1 Key Facts
    • 14.6.2 Business Description
    • 14.6.3 Products and Services
    • 14.6.4 Financial Overview
    • 14.6.5 SWOT Analysis
  • 14.7 Mondi Group
    • 14.7.1 Key Facts
    • 14.7.2 Business Description
    • 14.7.3 Products and Services
    • 14.7.4 Financial Overview
    • 14.7.5 SWOT Analysis
    • 14.7.6 . Key Developments
  • 14.8 Jiangmen Cinch Packaging Materials Co., Ltd.
    • 14.8.1 Key Facts
    • 14.8.2 Business Description
    • 14.8.3 Products And Services
    • 14.8.4 Financial Overview
    • 14.8.5 SWOT Analysis
  • 14.9 Changzhou Kelin PVA Water Soluble Films Co., Ltd.
    • 14.9.1 Key Facts
    • 14.9.2 Business Description
    • 14.9.3 Products and Services
    • 14.9.4 Financial Overview
    • 14.9.5 SWOT Analysis

15. Appendix

  • 15.1 About the Insight Partners
  • 15.2 Glossary

LIST OF TABLES

  • Table 1. Asia Pacific Water Soluble Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
  • Table 2. China Water Soluble Packaging Market, by Raw Material- Revenue and Forecast to 2027 (USD Mn)
  • Table 3. China Water Soluble Packaging Market, by Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 4. China Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 5. China Water Soluble Packaging Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 6. Japan Water Soluble Packaging Market, by Raw Material- Revenue and Forecast to 2027 (USD Mn)
  • Table 7. Japan Water Soluble Packaging Market, by Product Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 8. Japan Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 9. Japan Water Soluble Packaging Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 10. India Water Soluble Packaging Market, by Raw Material- Revenue and Forecast to 2027 (USD Mn)
  • Table 11. India Water Soluble Packaging Market, by Product Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 12. India Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 13. India Water Soluble Packaging Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 14. South Korea Water Soluble Packaging Market, by Raw Material- Revenue and Forecast to 2027 (USD Mn)
  • Table 15. South Korea Water Soluble Packaging Market, by Product Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 16. South Korea Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 17. South Korea Water Soluble Packaging Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 18. Rest of Asia Pacific Water Soluble Packaging Market, by Raw Material- Revenue and Forecast to 2027 (USD Mn)
  • Table 19. Rest of Asia Pacific Water Soluble Packaging Market, by Product Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 20. Rest of Asia Pacific Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 21. Rest of Asia Pacific Water Soluble Packaging Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 22. Glossary of Terms, Water Soluble Packaging Market

LIST OF FIGURES

  • Figure 1. Asia Pacific Water Soluble Packaging Market Segmentations
  • Figure 2. Asia Pacific Water Soluble Packaging Market Segmentation - By Country
  • Figure 3. Water Soluble Packaging Market Overview
  • Figure 4. Pouches Segment is Expected to Show Remarkable Traction During the Forecast Period
  • Figure 5. China Held Largest Share of Asia Pacific Water Soluble Packaging Market
  • Figure 6. Water Soluble Packaging Industry Landscape
  • Figure 7. Asia Pacific - PEST Analysis
  • Figure 8. Water Soluble Packaging Market Impact Analysis Of Driver And Restraints
  • Figure 9. Asia Pacific Water Soluble Packaging Market Forecast And Analysis, (US$ Mn)
  • Figure 10. Water Soluble Packaging Market Revenue Share, by Raw Material (2018 and 2027)
  • Figure 11. Polymers: Water Soluble Packaging Market - Revenue, and Forecast to 2027 (US$ Mn)
  • Figure 12. Fibers: Water Soluble Packaging Market - Revenue, and Forecast to 2027 (US$ Mn)
  • Figure 13. Surfactants: Water Soluble Packaging Market - Revenue, and Forecast to 2027 (US$ Mn)
  • Figure 14. Water Soluble Packaging Market Revenue Share, by Product Type (2018 and 2027)
  • Figure 15. Pouches: Water Soluble Packaging Market - Revenue, and Forecast to 2027 (US$ Mn)
  • Figure 16. Films: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 17. Bags: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 18. Other Product Type: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 19. Water Soluble Packaging Market Revenue Share, by Solubility Type (2018 and 2027)
  • Figure 20. Hot Water Soluble: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 21. Cold Water Soluble: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 22. Water Soluble Packaging Market Revenue Share, by Application (2018 and 2027)
  • Figure 23. Industrial: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 24. Residential: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 25. Asia Pacific: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 26. Asia Pacific: Water Soluble Packaging Market Revenue Share, by Key Country (2018 and 2027)
  • Figure 27. China: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 28. Japan: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 29. India: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 30. South Korea: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 31. Rest of Asia Pacific: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 32. Impact Of Covid-19 Pandemic In Asia Pacific Country Markets
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