Water Soluble Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Water Soluble Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • June 2019 •
  • 109 pages •
  • Report ID: 5783216 •
  • Format: PDF
The global water soluble film market was worth US$ 358.4 Million in 2018. A water-soluble film refers to a thin protective layer made up of polyvinyl alcohol (PVA/PVOH) that dissolves when it comes in contact with water. PVA is a colorless, odorless and biodegradable resin that is free of heavy and toxic elements. Water-soluble films made from this resin have high tensile strength, flexibility, and adhesive properties. They also offer smooth mechanical operations, enhanced productivity, cost-effectiveness and flexibility in packaging. As a result, they are used in the packaging of a wide range of industrial and consumer goods, particularly for single-serve or pre-portioned packs.

The growing demand for water soluble films and their increasing utilization as a sustainable and eco-friendly packaging material are some of the key factors driving the market growth. For instance, they allow detergent manufacturers to offer single-use packs which help in preventing wastage, spillage and overdosing by the end user. In the chemical industry, these films help in protecting industrial workers from coming in direct contact with hazardous materials. Additionally, owing to the air and oil resistant properties of these films, they are widely used in the food and beverage industry. Moreover, with continuous research and development, manufacturers are introducing water-soluble films made from milk-based thermoplastic that can easily break down in soil and water. The increasing requirement of environment-friendly and easy-to-use packaging materials for agrochemicals along with the introduction of stringent environmental protection laws and regulations is another factor contributing to the market growth. Looking forward, the analyst expects the market to reach a value of US$ 485.8 Million by 2024, registering a CAGR of around 5% during 2019-2024.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Material:
PVA/PVOH
Xylan

Market Breakup by Application:
Detergent Packaging
Agrochemical Packaging
Water Treatment Chemical Packaging
Pharmaceutical Packaging
Others

Market Breakup by End-user:
Textile
Agriculture
Consumer Goods
Healthcare
Others

Market Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Kuraray Co. Ltd, The Nippon Synthetic Chemical Industry Co. Ltd, Sekisui Chemical Co., Ltd, Aicello Corporation, Arrow Coated Products Ltd., Cortec Corporation, Changzhou Water Soluble Co.Ltd, Jiangmen Proudly Co. Ltd., AMC (UK) Ltd, 3M Company, Mitsubishi Chemical Corporation, DowDuPont, Fujian Zhongsu Biodegradable Films Co., Ltd., Dezhou Huamao Textile Co. Ltd., Neptun Technologies Gmbh, etc.

Key Questions Answered in This Report:
How has the global water soluble film market performed so far and how will it perform in the coming years?
What are the key regional markets in the global water soluble film industry?
What is the breakup of the market based on the material?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global water soluble film industry?
What are the key driving factors and challenges in the global water soluble film industry?
What is the structure of the global water soluble film industry and who are the key players?
What is the degree of competition in the global water soluble film industry?
What are the profit margins in the global water soluble film industry?