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Water Soluble Films Market worth $586.4 million by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

20 Aug, 2024, 10:30 GMT

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CHICAGO, Aug. 20, 2024 /PRNewswire/ -- The report "Water Soluble Films Market by Type (Cold, Hot), Application (Detergent Packaging, Agrochemical Packaging, Water Treatment Chemical Packaging, Dye Packaging, Food Packaging, Laundry Bags, Embroidery, Pharmaceutical) - Global Forecast to 2029", size was USD 441.8 million in 2024 and is projected to reach USD 586.4 million by 2029, at a CAGR of 5.8%, between 2024 and 2029.

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Many factors, such as growing environmental consciousness, technical developments, economic concerns, regulatory pressures, the growth of e-commerce, and the growing requirements of the healthcare and agricultural sectors, are driving the market for water soluble films. Governments are enforcing strict laws to deter the use of plastic and promote the use of biodegradable alternatives. Manufacturers have been required to change and provide alternatives for traditional packaging to fulfill the shifting needs of health-conscious consumers. The continued efforts of the companies in research and development have established the water-soluble films as a competitive alternative to traditional packaging materials for industries looking for sustainable solutions.

Browse in-depth TOC on "Water Soluble Films Market"

215 – Tables
50 – Figures
210 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31753669

Cold water soluble films segment is projected to register the highest CAGR, in terms of value, of the global water soluble films market during the forecast period.

The market position of cold water soluble films is attributed to its technological improvements. Advancements in polymer chemistry have produced films that are more durable, moisture resistant, and soluble in cold water. Owing to these developments, a wider variety of products, particularly those requiring longer shelf lives or moisture protection during storage and transportation, can now be packed using cold water soluble films. These films are now more widely available and more reasonably priced due to the manufacturers' ability to create them in large quantities for a variety of sectors.

Agrochemical packaging is estimated to be the second-largest application of water soluble films market, in terms of value, during the forecast period.

The agrochemical packaging segment is the second-largest application in the water soluble films market. Water soluble films adoption in the agriculture sector is growing in significance for market expansion since these films are used for many vital applications, including seed coatings, pesticide delivery, and agricultural input packaging. Its capacity to lessen environmental contamination by releasing chemicals only when required is what makes water soluble films attractive in agriculture. This controlled release system reduces waste, protects any agrochemical overuse, and guarantees that these chemicals are applied precise. This not only increases the effectiveness of farming operations but also lessens the possibility of detrimental runoff, which can contaminate the land and water.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=31753669

South America is projected to register the second highest CAGR, in terms of value, during the forecast period in the water soluble films market.

South America is projected to register the second highest CAGR in the water soluble films market, in terms of value, during forecast period due to several factors. The region's economic growth is one of the primary drivers of the water soluble films market's anticipated high growth rate in South America. The countries like Brazil, Argentina, and Chile, have seen consistent economic growth in recent times. The expansion of several industries, such as consumer goods, medicines, and agriculture, which are all major users of water soluble films, is a result of this economic progress, in turn driving the market for water soluble films.

The key players profiled in the report Mitsubishi Chemical Group Corporation (Japan), SEKISUI CHEMICAL CO., LTD. (Japan), KURARAY CO., LTD. (Japan), AICELLO CORPORATION (Japan), Ecopol S.p.A. (Italy), Arrow GreenTech Ltd. (India), Cortec Corporation (US), Changzhou Greencradleland Macromolecule Materials Co., Ltd. (China), Jiangmen Proudly Water-soluble Plastic Co., Ltd. (China), AMC (UK) Ltd. (UK), and Noble Industries (India).

Browse Adjacent Market: Resins and Polymers Market Research Reports & Consulting

Related Reports:

Recycled Plastics Market - Global Forecast to 2030

Engineering Plastics Market - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
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