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Market Research Report

North America 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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North America 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: 118 Pages
Description

Title:
North America 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 North America market was valued at US$ 934.9 million in 2018 and is projected to reach US$ 1,451.9 million by 2027; it is expected to grow at a CAGR of 5.0% from 2019 to 2027.

Water soluble packaging refers to the type of packaging made from biodegradable materials that dissolve in water leaving behind a 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 North American water soluble packaging market is segmented into polymers, fibers and surfactants. In 2018, the polymers segment held the largest share of the North America 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 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 North American water soluble packaging market has been segmented into the US, Canada, and Mexico. US held the largest share of the North America water soluble packaging, followed by Canada and Mexico. The range of applications of water-soluble packaging includes industrial disinfectants, tools for car care, detergents, detergents, conditioners used for the care home, neutralization, pigments, super absorbents, building mixes, animal care, chemicals for water treatment, and many others. The wider application of water-soluble packaging in various industries is influencing the market growth in the US. Advantages of water-soluble packaging include accurate weight premeasured doses of the product (not required for further weighing or measuring. Comfortable and easy to use), safe handling - no chemicals in contact with skin (prevents exposure to hazardous materials per person), avoiding dust inhalation, no loss of product spills, competitive advantage, and many others. These factors are further boosting the market for water-soluble packaging in the US. Increasing demand for advanced packaging from consumers & end-use industries, growth in the chemical industry, growing environmental concern, and others are impacting the growth of the water-soluble packaging market in Canada. The environment benefits from it as water-soluble films help to reduce packaging waste and are considered biodegradable, non-toxic, and non-inhibitory. These factors are fuelling the market for the water-soluble packaging market in Canada. The companies around the world have increased their efforts to become more environmentally conscious. This factor is boosting the demand for water-soluble packaging in Mexico.

Cortec Corporation, Smart Solve Industries, Kuraray Co., Ltd, Amtopack Inc., Sekisui Chemical Co., Ltd, Mitsubishi Chemical Corporation, and Mondi Group are among the major players in the North American water soluble packaging.

Overall size of the North American water soluble packaging has been derived in accordance to 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 North America water soluble market.

Wuhan (China) was the first city to be caused by Covid-19 by 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 March 2020 data. The COVID-19outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemical & materials industry is one of the major industries that is facing serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns as a result of this outbreak. The lockdown of various plants and factories in the North America is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various electronic goods. All these factors are anticipated to affect the chemical, pharmaceutical, food & beverage, and other industries 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 US has the highest number of confirmed cases of COVID-19compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region. Due to the COVID-19 outbreak, the supply chain is likely to get affected. Additionally, the overall manufacturing processes, research, and development activities will also impact market growth.

Reasons to Buy

  • Highlights key business priorities to assist companies realign their business strategies.
  • Featureskey findings and crucial progressive industry trends in the North America 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: TIPRE00010735

TABLE OF CONTENTS

1. Introduction

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

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 - North America Market Analysis

  • 6.1 North America Water Soluble Packaging Market Overview
  • 6.2 North America 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 North America: Water Soluble Packaging Market -Revenue and Forecast to 2027(US$ Mn)
    • 11.1.2 North America: Water Soluble Packaging Market, by Key Country
      • 11.1.2.1 US: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.1.1 US: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.1.2 US: Water Soluble Packaging Market, by Product Type
        • 11.1.2.1.3 US: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.1.4 US: Water Soluble Packaging Market, by Application Type
      • 11.1.2.2 Canada: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.2.1 Canada: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.2.2 Canada: Water Soluble Packaging Market, by Product Type
        • 11.1.2.2.3 Canada: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.2.4 Canada: Water Soluble Packaging Market, by Application
      • 11.1.2.3 Mexico: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
        • 11.1.2.3.1 Mexico: Water Soluble Packaging Market, by Raw Material
        • 11.1.2.3.2 Mexico: Water Soluble Packaging Market, by Product Type
        • 11.1.2.3.3 Mexico: Water Soluble Packaging Market, by Solubility Type
        • 11.1.2.3.4 Mexico: Water Soluble Packaging Market, by Application

12. Overview- Impact of Covid-19 Outbreak

13. Impact of COVID-19 Pandemic on North America Water Soluble Packaging Market

  • 13.1 North America: 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 Kuraray Co., Ltd
    • 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
    • 14.3.6 . Key Developments
  • 14.4 Amtopack, Inc.
    • 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
  • 14.5 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

15. Appendix

  • 15.1 About the Insight Partners
  • 15.2 Glossary

LIST OF TABLES

  • Table 1. North America Water Soluble Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
  • Table 2. US Water Soluble Packaging Market, by Raw Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 3. US Water Soluble Packaging Market, by Product Type- Revenue and Forecast to 2027 (USD Mn)
  • Table 4. US Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 5. US Water Soluble Packaging Market, by Application Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 6. Canada Water Soluble Packaging Market, by Raw Material- Revenue and Forecast to 2027 (USD Mn)
  • Table 7. Canada Water Soluble Packaging Market, by Product Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 8. Canada Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 9. Canada Water Soluble Packaging Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 10. Mexico Water Soluble Packaging Market, by Raw Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 11. Mexico Water Soluble Packaging Market, by Product Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 12. Mexico Water Soluble Packaging Market, by Solubility Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 13. Mexico Water Soluble Packaging Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 14. Glossary of Terms, Water Soluble Packaging Market

LIST OF FIGURES

  • Figure 1. North America Water Soluble Packaging Market Segmentations
  • Figure 2. North America Water Soluble Packaging Market Segmentation - By Country
  • Figure 3. Water Soluble Packaging Market Overview
  • Figure 4. Bags Segment is Expected to Show Remarkable Traction During the Forecast Period
  • Figure 5. US Held Largest Share of North America Water Soluble Packaging Market
  • Figure 6. Water Soluble Packaging Industry Landscape
  • Figure 7. North America PEST Analysis
  • Figure 8. Water Soluble Packaging Market Impact Analysis Of Driver And Restraints
  • Figure 9. North America 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. North America: Water Soluble Packaging Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 26. North America: Water Soluble Packaging Market Revenue Share, by Key Country (2018 and 2027)
  • Figure 27. US: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 28. Canada: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 29. Mexico: Water Soluble Packaging Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 30. Impact of Covid-19 Pandemic In North American Country Markets
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