; charset=UTF-8" /> Water Soluble Packaging Market Projected to Reach $3.7 Billion by 2025, at a CAGR of 5.0% – Market news Latest

Market news Latest

Water Soluble Packaging Market Projected to Reach $3.7 Billion by 2025, at a CAGR of 5.0%

 Breaking News
  • No posts were found

Water Soluble Packaging Market Projected to Reach $3.7 Billion by 2025, at a CAGR of 5.0%

January 08
12:02 2020
Water Soluble Packaging Market Projected to Reach $3.7 Billion by 2025, at a CAGR of 5.0%

MarketsandMarkets™
The rise in awareness regarding the drawbacks of using single-use plastics and government intervention in banning the use of such plastics affecting the environment adversely have significantly driven the growth of the water soluble packaging market.

The report “Water Soluble Packaging Market by Raw Material (Polymer, Surfactant, and Fiber), End Use (Industrial, and Residential), Solubility Type (Cold Water Soluble and Hot Water Soluble), Packaging Type, and Region – Global Forecast to 2025″ According to MarketsandMarkets, the water soluble packaging market is estimated to be valued at USD 2.8 billion in 2019 and is projected to reach USD 3.7 billion by 2025, recording a CAGR of 5.0%. The rapidly growing environmental and sustainability concerns across the globe and government initiatives to reduce the use of plastics are driving the market for water soluble packaging.

Water Soluble Packaging Market

The food & beverage and agriculture in industrial segment are projected to witness the significant growth during the forecast

Based on end use, the water soluble packaging market is segmented into industrial and residential, wherein industrial segment is sub-divided into pharmaceuticals, food & beverages, agriculture, chemicals, and water treatment. The food & beverages and agriculture segments are projected to witness significant growth during the forecast period due to the increasing concerns toward waste production due to high use of non-biodegradable plastics and their harmful effects on packaged food & beverages.

In the agriculture industry, chemical fertilizers wrapped with water soluble packets ease out the handling process. Also, dissolved packaging of the fertilizers cut down the packaging waste generation and leads to reduced cleaning costs.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243293980

The pouches segment is accounted to have the major share in the water soluble packaging market during the forecast period

By packaging type, the water soluble packaging market is segmented into pouches, bags, and pods & capsules. The pouches segment is estimated to account for the major share in the water soluble packaging market due to the high usage of water soluble packaging in the chemical industries. In the current scenario, most of the packaging is made of plastic for safe and secure handling and usage of detergent; water soluble packaging of detergent serves the purpose better. Detergent wastage can be minimized as water soluble packets or sachets can be made available to consumers for household and industrial cleaning. The water soluble packaging avoids direct contact with detergent as the product can be used without removing the package, which will ensure safe usage.

The Asia Pacific region is projected to witness the fastest growth during the forecast period

The water soluble packaging market in Asia Pacific is projected to witness high growth due to the strong local and export demand. The rising population and growing number of manufacturing industries in Asia Pacific is the key factor driving the market for water soluble packaging. The manufactured product is used domestically as well as exported. China and Japan are the hubs for water soluble film production. In India, the population is increasing rapidly, and the country is striving for safe, better, clean, and healthy lifestyle. The water soluble packaging market will grow in these regions at a high rate.

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Lithey Inc. (India), Mondi Group (Austria), Sekisui Chemicals (Japan), Kuraray Co. Ltd. (Japan), Mitsubishi Chemical Holdings (Japan), Aicello Corporation (Japan), Aquapak Polymer Ltd (UK), Lactips (France), Cortec Corporation (US), Acedag Ltd. (UK), MSD Corporation (China), Prodotti Solutions (US), JRF Technology LLC (US), and Amtopak Inc. (US).

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=243293980

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, “Knowledgestore” 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.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/water-soluble-packaging-market-243293980.html