Pooja Khodke
Water soluble films are environment friendly packaging films used for water soluble sachets and pouches that easily dissolve or disperse in water. They provide secure and lightweight packaging solutions for detergents, agrochemicals, polyester films, hygiene products and other household items.
The global Water Soluble Films Market is estimated to be valued at Us$ 470.18 Bn in 2024 and is expected to exhibit a CAGR Of 7.9% over the forecast period 2024 To 2031.
Market key trends:
The increased adoption of sustainable practices across industries has accelerated the demand for water soluble films in the recent years. Being biodegradable and environment friendly, water soluble films are used as an alternative to plastic packaging. Their dissolution in water eliminates the need for waste management and disposal. This has made them a popular choice in packaging solutions aimed at reducing plastic pollution. The growing consumer awareness about eco-friendly products along with stringent regulations against single use plastics are further driving the demand for water soluble films.
Segment Analysis
The global water soluble films market is dominated by the packaging sub-segment. Water soluble films are increasingly used in the packaging of detergents, agrochemicals, water treatment chemicals and other household products. The film dissolves rapidly in water, releasing the packed products. This helps reduce plastic waste and is more environment friendly.
Key Takeaways
The Global Water Soluble Films Market Demand is expected to witness high growth. The market size is projected to reach US$ 470.18 Bn by 2024, growing at a CAGR of 7.9% during the forecast period.
Regional analysis :
The Asia Pacific region currently dominates the global water soluble films market. The growing detergent industry in countries like China and India is driving the demand for water soluble films in the region. Availability of raw materials and cheap labor also contribute to Asia Pacific emerging as the largest and fastest growing regional market.
Key players :
Key players operating in the water soluble films market are Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, T. Hasegawa Co., Ltd., Kerry Group, Mane SA, and Huabao International Holdings Limited. These leading players are focusing on new product development and capacity expansion to strengthen their market position.
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Pooja Khodke
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