Water-soluble film – perspective developing technology which is a thin film that is used to form packages that dissolve in contact with water. Products sold as ready to use packaging are becoming popular. There is a clear trend towards packaging detergents and cleaning products in water-soluble bags.
According to the report by Business Market Insights, Europe Water Soluble Packaging Market is expected to reach US$ 1,172.7 Million by 2027 with CAGR 5.2%.
Polymer category is estimated to hold the majority of the share of the Water Soluble Packaging market. The reason behind the dominance is the rising use of water soluble packaging for providing an environment-friendly and sustainable remedy in the packaging sector for numerous applications. Polymer-based water soluble packaging is gaining momentum owing to its increasing use for storing harmful chemicals that are used in the pharmaceutical, agriculture, chemical industries, water treatment, and others. Additionally, the FDA clearance for the use of polymers is estimated to support the growth of the global Water Soluble Packaging market.
The Europe Water Soluble Packaging Market is growing along with the Chemicals and Materials industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Water soluble packaging is a form of packaging made from biodegradable materials that dissolve in water leaving behind harmless and non-toxic aqueous solution. Better solubility in water with minimum residue and good impact resistance makes them a favourable packaging material in various industries. Polyvinyl alcohol is an odourless and colourless polymer, which possesses high tensile strength, flexibility, non-toxic, and adhesive properties. Water soluble packaging is generally used in the packaging of dyes, detergents, agrochemicals, and other industrial chemicals. Additionally, sustainable packaging is produced from biodegradable raw materials and help in reducing the environmental pollution. Growing public awareness about environmental concerns has resulted in higher demand for sustainable packaging and processing operations in the developed and developing countries.
These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for Water Soluble Packaging assays in the market.
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Europe Water Soluble Packaging – MARKET SEGMENTATION
By Raw Material
By Product Type
By Solubility Type
- Hot Water Soluble
- Cold Water Soluble
- Cortec Corporation
- Smart Solve Industries
- Kuraray Co. Ltd.
- Amtopack Inc.
- Harke Group
- Sekisui Chemical Co., Ltd.
- Mitsubishi Chemical Corporation
- Mondi Group
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