Water Soluble Films Market is Expected to be Flourished by Increasing Usage in Agriculture and Chemical Industry Applications

 
Water Soluble Films Market

Water soluble films are biodegradable plastic films that dissolve in water. They find major applications in packaging such as bouillon cubes, laundry detergents, etc. where the packaging needs to be removed before use without leaving any waste. The films offer consumers a convenient way of using the product and then easily disposing of the packaging in water. They are manufactured using polyvinyl alcohol (PVA), which is water soluble, as a raw material. Other common water soluble resins used are polyvinyl acetate (PVA), ethylene maleic anhydride copolymer (EMA), polyvinyl pyrrolidone (PVP) and starch blended with PVA.


The global water soluble films market is estimated to be valued at US$ 408.14 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
One of the major drivers favoring the growth of the water soluble films market is the increasing usage of these films in agriculture and chemical industry applications. Water soluble films are widely used as fertilizer bags, agrochemical packaging etc. in the agriculture industry. Their use ensures controlled and slow release of nutrients and agrochemicals into the soil. In chemical industry, they are used for packaging of detergents, surfactants and other cleaning products. As highlighted in the heading, their ease of dissolving without leaving any waste makes them appealing for these applications. Another key driver is the stringent environmental regulations regarding use of plastics. Water soluble films are biodegradable and environmental friendly which is boosting their adoption over conventional plastic films.


Segment Analysis
The water soluble films market is segmented based on application into laundry, detergent packaging, agro-chemical packaging, pharmaceutical packaging, food packaging, and others. The detergent packaging segment dominates the market and accounted for over 30% of the overall market share in 2022. Water soluble films are widely used in detergent packaging as they helps in preventing moisture from entering the packet thereby maintaining detergent quality and shelf life.

PEST Analysis

Political: Government regulations regarding use of single-use plastic are supporting growth of water soluble films. Many countries have imposed bans on plastic packaging to reduce pollution. This is favoring adoption of water soluble films for packaging applications.

Economic: Rising per capita income is boosting demand for packaged food and beverages globally. Growth of end-use industries such as pharmaceutical, food, and detergent is positively impacting the water soluble films market.

Social: Increasing health awareness among consumers regarding benefits of water soluble films over traditional plastics is a key factor driving their adoption. Water soluble films have lower environmental impact as they dissolve in water.

Technological: Key players are investing in R&D to develop innovative water soluble film formulations with improved properties. Advanced manufacturing technologies are helping reduce production costs and enhance performance characteristics of water soluble films.

Key Takeaways

The Global Water Soluble Films Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market size for water soluble films was valued at US$ 408.14 Mn in 2023 and is projected to reach over US$ 800 Mn by 2030, rising at a CAGR of 9.8% during the forecast period.

Regional analysis: Asia Pacific dominated the global market and accounted for over 35% share in 2023. Growing population, rising disposable income, and high demand from packaging industry are driving growth of water soluble films in Asia Pacific region. China represents the largest market followed by India. North America and Europe are also significant markets for water soluble films.

Key players: Key players operating in the water soluble films market are Chattanooga International, Humares , Prime Pacific Health , Herrmann Apparatebau, Transcom, CleanColon Italy, Prometheus Group, Shenzhen Lifotronic Technology, PPHIC, Comba UK, Enteromed Group, Lifotronic, Dotolo Research , TECNO-GAZ.

For more details on the report, Read- https://www.pressreleasebulletin.com/water-soluble-films-market-demand-share-analysis/

Comments

Post a Comment

Popular posts from this blog

The Global Electric Powertrain Market Poised for Growth Driven by Sustainable Transportation

Image
  Electric Powertrain Market The global electric powertrain market is seeing rapid adoption as consumers seek more environmentally friendly transportation options. Electric powertrains offer much lower operating costs than internal combustion engines while also being more energy efficient with fewer moving parts. Battery electric vehicles and hybrids containing electric motors and batteries are able to deliver torque instantly for smooth acceleration and regenerative braking that captures kinetic energy to charge the batteries while slowing down. Automakers are developing advanced powertrain technologies that combine smaller, lighter electric motors with improved batteries capable of longer ranges between charges. The global Electric Powertrain Market is estimated to be valued at US$ 94.12 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the ...
Read more

The Bladder Liners Market Is Estimated To Witness High Growth Owing To Rising Prevalence Of Urinary Incontinence

Image
  Bladder Liners Market Market Overview: Benzodiazepines are a class of psychoactive drugs belonging to the benzodiazepine family. These drugs are prescribed for various medical conditions such as anxiety disorders, panic disorders, insomnia, seizures, alcohol withdrawal syndrome, muscle spasms, and as an anesthesia aid. Some common examples of benzodiazepines include alprazolam, clonazepam, diazepam, and lorazepam. These drugs work by increasing the action of gamma-aminobutyric acid (GABA), a major inhibitory neurotransmitter in the central nervous system. Due to their calming properties, they are widely used to treat insomnia, anxiety, panic attacks, agitation, seizures, muscle spasms, and alcohol withdrawal. Market Dynamics: The Benzodiazepine Drugs Market is primarily driven by the rising prevalence of anxiety disorders worldwide. As per Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting nearly 40 million ...
Read more

Poultry Market is Expected to be Flourished by Growing Demand for Protein-Rich Food

Image
Poultry Market The poultry market comprises farming of domesticated birds such as chickens, ducks, turkeys, and geese, primarily for their meat and eggs. Poultry meat is one of the most consumed meats globally owing to its high protein content. Chicken is the most commonly produced meat worldwide, with over 95 million tons produced annually. Poultry farming provides affordable animal protein to consumers while generating income and employment for farmers and allied industries. The global poultry industry includes large integrated production facilities, small commercial farms, and backyard flock operations. Technological advancements have increased efficiency in breeding, hatching, feeding, housing, and disease control. The global poultry market is estimated to be valued at US$ 15.88 billion in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key driv...
Read more