Water Soluble Packaging Market Size, Share & Trends Analysis Report, By Raw Material, By Packaging Type, By End-Use, By Region, And Segment Forecasts, 2023 To 2030

Water soluble packaging refers to a packaging made from bio-based products that can dissolve in cold or hot water leaving behind non-toxic and harmless aqueous solution. Thus, the better solubility with minimal harmful residue makes them favorable packaging material for both industrial and residential use. According to the article published World Economic Forum in 2023, currently about half of the plastic produced in the world is for single usage of which only 14% is collected and recycled for reuse thus, making it a major cause for environmental damage. This has further resulted in people shifting towards bio based and degradable plastics.

The polymer based packaging is gaining popularity compared to other fiber and surfactant based as polyvinyl alcohol (PVA) derived from polyvinyl acetone is a clear and water soluble thermoplastic which is extremely hydrophilic in nature making it best raw material for manufacturing water soluble plastic. Additionally, PVA is approved by FDA to be used in food industry as it is considered safer compared to other raw materials.

The increased usage of the product in food, agricultural, personal care, cosmetics, pharmaceuticals, and construction industry is acting as a driving force over the forecast period. For instance, cement additives has natures of acidity, alkali, and high concentration, when used outside causes health or environmental damage. Thus, to prevent this water soluble bags have been increasingly used for packaging of cement additives. By adding these additives directly into the mixing bucket the packaging dissolves itself into the water making operation simple without causing any damage to the environment.

The market is highly diversified with presence of large number of players. These players are engaged in the new product development, mergers, partnerships, and acquisitions so as to retain their position in the market. For instance, in February 2021, Aquapak Polymers, a manufacturer of biodegradable polymer films, launched its new polymer solution named Hydropol which is marine safe, non-toxic, and dissolvable in water thus, helping to promote circular economy. This polymer acts as a barrier against UV rays, solvents, greases, petrochemicals, and oil & gases making it suitable for every industry. Some of the major players in the industry include Mondi, Lithey Inc., SEKISUI CHEMICAL CO., LTD., Aquapak, Cortec Corporation, and Acedag Limited.