Water Soluble Films Market worth $476 million by 2025 - Exclusive Report by MarketsandMarkets™
CHICAGO, March 1, 2021 /PRNewswire/ -- According to the new market research report "Water Soluble Films Market by Type (Hot water Soluble, Cold Water Soluble) By Application (Detergent, Agrochemical, Water Treatment Chemical, Dye, Food, Laundry Bags, Embroidery, Pharmaceutical Packaging) - Global Forecasts to 2025", published by MarketsandMarkets™, the Water Soluble Films Market is projected to reach USD 476 million by 2025, at a CAGR of 5.5% from USD 364 million in 2020.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31753669
Browse in-depth TOC on "Water Soluble Films Market"
206 – Tables
50 – Figures
217 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/water-soluble-film-market-31753669.html
The growth of the water soluble films market is primarily triggered by growing demand for convenience food items. The consumer preference for convenience food items is significantly increasing. The key reasons for this demand are the shift toward a healthy lifestyle and high purchasing power of consumers. The best examples of convenience food in the fresh food segment are salad bags, fresh herbs pack, chopped vegetable bags, vegetable trays, and single-serve salad packaging. The other main reason for the rise in demand for convenience food is the increasingly fast-paced lifestyle in emerging economies. Demographic factors such as increasing number of single parents and working-class women also contribute to the demand for convenience food.
Cold water soluble is the largest type of water soluble films market.
Cold water soluble films accounted for the largest share of the overall water soluble films market, in terms of value, in 2019. There are three sub-types of cold water soluble films, namely, type Z, type C, and type W. They are categorized based on water temperature. Type Z water soluble films can dissolve at 5oC and above, type C can dissolve at 15oC and above, and type W can dissolve at 25oC and above. Cold water soluble films are used in many applications. Detergent packaging is the largest application for this type of water soluble film. Due to its use in a wide range of applications, cold water soluble films dominated the overall market. Due to the limited scope and applications of hot water soluble films, they are used only in specific applications.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=31753669
Detergent packaging is estimated to be the largest application of the water soluble films market during the forecast period.
Detergent packaging application accounted for the maximum share in 2019, in the overall market, followed by agrochemical packaging. The laundry bags application is expected to register the highest CAGR between 2020 and 2025. This high growth rate is due to the high requirement of contact-free washing of contaminated clothes. The market in water treatment chemical packaging application is also expected to grow at a high rate due to the high demand for treated water and the increasing scarcity of water in most of the countries across the globe.
North America is estimated to be the largest market for water soluble films during the forecast period.
North America is the largest market for water soluble films, followed by Europe and APAC. Increasing awareness among consumers regarding the use of eco-friendly products and implementation of stringent laws by regulatory authorities for environmental protection, such as EPA and other associations, are the key factors driving the growth of the water soluble films market in North America. The use of water soluble films in the packaging industry is rising as it prevents wastage and is safe and easy-to-use. Water soluble film manufacturers are partnering with top FMCG and agrochemical companies such as Procter & Gamble and Unilever for product packaging to increase their consumer base.
The key market players profiled in the report include as Kuraray Co. Ltd. (Japan), Sekisui Chemical Co. Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Aicello Corporation (Japan), Arrow Greentech Ltd. (India), Cortec Corporation (US), Changzhou Greencradleland Macromolecule Materials Co. Ltd. (China), Guangdong Water Soluble Proudly Co. Ltd. (China), Noble Industries (India), and AMC (UK) Ltd among others.
Browse Adjacent Markets: Chemical Market Research Reports & Consulting
Related Reports:
1. Engineering Plastics Market Type (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers), End-Use Industry (Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging, Consumer Appliances)
https://www.marketsandmarkets.com/Market-Reports/engineering-plastics-market-687.html
2. Recycled Plastics Market Source (Bottles, Films, Fibers, Foams), Type (PET, PE, PP, PVC, PS), End-Use Industry (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics) and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/water-soluble-film-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/water-soluble-film.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article