The global water soluble bags market is predicted to reach a valuation of US$ 1.7 Bn in 2022. With sales growing 5.1% CAGR over the forecast period, with the market valuation reaching US$ 2.3 Bn by 2032.
Increasing usage of water soluble bags in a variety of sectors, as well as growing environmental and sustainability concerns are expected to augment the growth in the market.
The water-soluble bags are comprised of biodegradable components that dissolve in water, leaving a safe and harmless aqueous solution behind. They are a preferred packaging material in a variety of sectors due to their better solubility in water with less residue and strong impact resistance.
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Polyvinyl alcohol (PVA), being a highly water soluble artificial polymer, is used to make water-soluble packaging items such films, bags, and pouches. Polyvinyl alcohol is a colourless, odourless polymer with excellent tensile strength, flexibility, nontoxic qualities, and adhesive capabilities.
Sustainable packaging is made from biodegradable materials and aids in environmental protection. In both developed and developing nations, rising public awareness of environmental issues has resulted in increased demand for sustainable packaging and processing activities.
Furthermore, the need for a sustainable packaging solution has increased due to the expansion of numerous sectors and companies. Consumers are increasingly becoming concerned about environmental protection, sustainability, ethics, safety, product pricing, and quality while purchasing items.
“Eco-friendly water soluble bags of polyvinyl alcohol material in packaging are expected to gain traction in the next decade due to the rise in consumer awareness for safe usage of hazardous and environment-friendly materials by eliminating non-biodegradable materials,” comments FMI analyst.
Key Takeaways:
- Based on material type, sales in the polyvinyl alcohol (PVA) segment are slated to increase at a 5.4% CAGR over the forecast period.
- In terms of applications, demand in the chemicals and agrochemicals sector will grow at a 6.1% CAGR through 2032.
- The U.S. water soluble bags market will expand at a 4% CAGR over the assessment period.
- India will emerge as a lucrative pocket, with demand growing at a 6.2% CAGR over the forecast period.
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Competition Landscape
POLYE MATERIALS CO., LTD, Chromogreen, ESCARRÉ AUTOMATIZACIÓN Y SERVICIOS, S.L., Acedag Limited, Extra Packaging Corporation, TREVOR OWEN LIMITED, EOS Plast Srl, DESCO INDIA, Rovi Packaging, S.A., FOSHAN POLYVA MATERIALS CO., LTD, Adventpac, Green Tech Bio Products, Shanghai Yifu Packaging Products Co., Ltd, Aquapak, United States Plastic Corporation.
Global Water Soluble Bags Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for water soluble bags market by material type (polyvinyl alcohol (PVA), LDPE (low density polyethylene), and HDPE (high density polyethylene)), by capacity (less than 100 ml, 101 to 200 ml, 201-300, and above 300 ml), by application (chemical & agrochemical, personal care & cosmetics, home care, food, and pharmaceuticals), across seven regions.
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