Water-soluble packaging market expected to reach $6 billion by 2032

From GlobeNewswire: 2024-10-21 03:00:00

The Water-Soluble Packaging Market is rapidly growing, projected to reach USD 6 billion by 2032 from USD 3.85 billion in 2023. The market’s expansion is driven by global regulations on single-use plastics, prompting businesses to adopt eco-friendly alternatives like water-soluble packaging. Rising consumer awareness of plastic pollution also fuels demand for sustainable packaging solutions.

In 2023, polymers held the largest share of the water-soluble packaging market, with polyvinyl alcohol (PVOH) being a popular choice due to its biodegradability and non-toxic properties. The pods & capsules segment is expected to grow at a CAGR of over 8% by 2032, driven by increasing demand for sustainable, single-use products in sectors like detergents and personal care.

North America led the water-soluble packaging market in 2023 and is expected to maintain its leading position, driven by the region’s focus on sustainability and stringent environmental regulations. Companies in the U.S. and Canada are developing cost-effective, high-performance, water-soluble materials to reduce plastic waste, supported by government policies and advanced technological infrastructure.

Key players in the water-soluble packaging market include Kuraray, Aicello, Cortec, Sekisui Chemical, and more. The market research report offers detailed insights and forecasts in terms of revenue for various segments, including material, packaging type, solubility type, end-use industry, and region, from 2021 to 2032.

Global Market Insights Inc., based in Delaware, U.S., is a market research and consulting service provider offering syndicated and custom research reports tailored to aid strategic decision-making. Their industry reports cover key sectors like chemicals, advanced materials, technology, renewable energy, and biotechnology, providing actionable market data and insights for clients.



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