Dublin, March 17, 2021 (GLOBE NEWSWIRE) -- The "Global Water Soluble Films Market by Type (Hot water Soluble, Cold Water Soluble), Application (Detergent, Agrochemical, Water Treatment Chemical, Dye, Food, Laundry Bags, Embroidery, Pharmaceutical Packaging), and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global water soluble films market is estimated to grow from USD 364 million in 2020 to USD 476 million by 2025, at a CAGR of 5.5%.
The major application of flame retardants is in detergent packaging, water treatment chemical packaging, food packaging, agrochemical packaging, and pharmaceutical packaging. Water soluble films are manufactured from polyvinyl resins and are synonymously called PVA/PVOH films. These films are used for specific unit dose packaging of detergents, agrochemicals, water treatment chemicals, food ingredients, pharmaceutical drugs, and dyes. Apart from these, the films are used in embroidery and laundry bag manufacturing.
Cold water soluble films expected to be the fastest-growing type of the water soluble films market, in terms of value, between 2020 and 2025
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.
The detergent packaging estimated to account for the largest share of the overall water soluble films market, in terms of value, between 2020 and 2025
Detergent packaging is the largest application of water soluble films, followed by agrochemical packaging. The need for convenient handling and less wastage of products in the developed markets will boost the use of water soluble film for detergent packaging. The increasing population in developing countries demand better crop yield to meet the demand for food, which entail proper, safer, and better use of agrochemicals for better agricultural output. The increasing awareness about the use of eco-friendly products in developing nations is projected to stimulate the growth of water soluble film. The demand from other applications such as food packaging, pharmaceuticals, and laundry bags, and the rising awareness about environment-friendly products are driving the demand for water soluble films globally.
Strong foothold of water soluble films manufacturers in North America to drive the demand for water soluble films in the region
The US, Canada, and Mexico are the major countries covered in the region. Mexico is the fastest-growing market for water soluble films. The market in the country is driven by the focus on the development of the sector. Biodegradable films are gaining popularity in the US as the cost of disposal of such films is reduced. Monosol LLC (US), which was acquired by Kuraray Co. Ltd. (Japan), is the leading water soluble film manufacturing company and is focusing on increasing its market share in North America. The increasing awareness about the use of bio-degradable packaging to reduce carbon footprint is driving the growth of the water soluble film market in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in Water Soluble Films Market
4.2 Water Soluble Films Market Size, by Region
4.3 North America: Water Soluble Films Market, by Application and Country, 2019
4.4 Water Soluble Films Market Size, by Application
4.5 Water Soluble Films Market Attractiveness
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Convenience Food Items
5.2.1.2 Growing Pharmaceutical Industry in Emerging Economies
5.2.1.3 Rise in Production of Single & Unit Dose Packaging in Pharmaceutical Industry
5.2.1.4 Focus of Governments on Green Procurement Policies
5.2.1.5 Increased Demand from the Agriculture Industry
5.2.2 Restraints
5.2.2.1 Higher Cost of Water Soluble Film Compared to Conventional Plastic Films
5.2.2.2 Increasing Overall Packaging Costs Owing to Dynamic Regulatory Policies
5.2.2.3 Expert Handling and Low Market Penetration
5.2.3 Opportunities
5.2.3.1 Edible Water Soluble Film
5.2.3.2 Development of New Applications
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of New Substitute
5.3.5 Intensity of Competitive Rivalry
5.4 Supply Chain Analysis
5.4.1 Raw Materials
5.4.2 Manufacturing
5.4.3 Distribution Network
5.4.4 End-user
5.5 Technology Analysis
5.5.1 Water Soluble Films: New Technologies
5.6 Shift in Revenue Streams due to Megatrends in End-use Industries
5.7 Connected Markets: Ecosystem
5.8 Case Studies
5.9 Water Soluble Films Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenario
5.9.1 Non-COVID-19 Scenario
5.9.2 Optimistic Scenario
5.9.3 Pessimistic Scenario
5.9.4 Realistic Scenario
5.10 Water Soluble Films Patent Analysis
5.11 Tariff and Regulatory Landscape
5.12 Average Selling Price
5.13 Industry Outlook
5.13.1 GDP Trends and Forecasts of Major Economies
5.14 Trade Data Statistics
5.15 Impact of COVID-19: Customer Analysis
5.15.1 Disruptions in Detergent Industry
5.15.1.1 Impact on Customers' Output & Strategies to Resume/Improve Production
5.15.1.2 Customers' Most-Impacted Regions
5.15.1.3 Analyst's Viewpoint on Growth Outlook and New Market Opportunities
6 Water Soluble Films Market, by Type
6.1 Introduction
6.2 Cold Water Soluble Films
6.2.1 Detergent Packaging is the Major Consumer of Cold Water Soluble Films
6.3 Hot Water Soluble Films
6.3.1 Laundry Bags, Pharmaceuticals are Major Applications of Hot Water Soluble Films
7 Water Soluble Films Market, by Application
7.1 Introduction
7.2 Detergent Packaging
7.2.1 Increasing Awareness Regarding Use of Green Products to Drive the Market
7.2.2 Impact of COVID-19 on Detergent Industry
7.3 Agrochemical Packaging
7.3.1 Water Soluble Film with Extra Pressure Compatibility Required for Agrochemical Packaging
7.3.2 Impact of COVID-19 on Agrochemical Industry
7.4 Water Treatment Chemical Packaging
7.4.1 Demand for Pre-Dosed Packaging to Drive the Market
7.4.2 Impact of COVID-19 on Water Treatment Chemical Industry
7.5 Dye Packaging
7.5.1 Demand for High-Quality Dyeing to Drive the Market
7.5.2 Impact of COVID-19 on Dye Industry
7.6 Laundry Bags
7.6.1 Demand from Healthcare Industry to Drive Consumption of Water Soluble Films in Laundry Bags
7.6.2 Impact of COVID-19 on Laundry Bags
7.7 Embroidery
7.7.1 Technological Advancements for Embroidery is Expected to Drive the Market
7.7.2 Impact of COVID-19 on Embroidery
7.8 Food Packaging
7.8.1 Demand for Packaged Food to Drive the Market
7.8.2 Impact of COVID-19 on Food Packaging
7.9 Pharmaceutical
7.9.1 Water Soluble Film Used in Packaging of Various Medicines; Medicinal Oral Strips in Pharmaceutical
7.9.2 Impact of COVID-19 on Pharmaceutical Industry
7.10 Others
8 Water Soluble Films Market, by Region
8.1 Introduction
8.2 APAC
8.3 North America
8.4 Europe
8.5 Middle East & Africa
8.6 South America
9 Competitive Landscape
9.1 Introduction
9.2 Market Evaluation Framework
9.3 Market Share Analysis
9.4 Revenue Analysis of Key Market Players
9.5 Ranking Analysis of Key Market Players, 2019
9.6 Company Evaluation Matrix, 2019
9.6.1 Stars
9.6.2 Emerging Leaders
9.7 Company Product Footprint
9.8 Company Application Footprint
9.9 Company Type Footprint
9.10 Company Region Footprint
9.11 Strength of Product Portfolio
9.12 Business Strategy Excellence
9.13 Startup and Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix
9.13.1 Progressive Companies
9.13.2 Responsive Companies
9.13.3 Starting Blocks
9.14 Strength of Product Portfolio
9.15 Business Strategy Excellence
9.16 Competitive Scenarios
9.16.1 Water Soluble Films: Product Launches, 2016-2020
9.16.2 Water Soluble Films: Deals
9.16.3 Water Soluble Films: Expansion
10 Company Profiles
10.1 Key Players
10.1.1 Kuraray Co. Ltd.
10.1.2 Mitsubishi Chemical Corporation
10.1.3 Sekisui Chemical Co. Ltd.
10.1.4 Aicello Corporation
10.1.5 Arrow Greentech Ltd.
10.1.6 Cortec Corporation
10.1.7 Changzhou Greencradleland Macromolecule Materials Co. Ltd.
10.1.8 Guangdong Water Soluble Plastic Proudly Co. Ltd.
10.1.9 AMC (UK) Ltd.
10.1.10 Noble Industries
10.2 Other Market Players
10.2.1 Soluble Technology Limited
10.2.2 Yongan SYF Water Soluble Films Co. Ltd.
10.2.3 Aquapak Polymers Ltd.
10.2.4 Cinch Packaging Materials Co. Ltd.
10.2.5 Fujian Zhongsu Biodegradable Films Co. Ltd.
10.2.6 Istanbul Sera Plastic
10.2.7 Suvi Fabrics Private Limited
10.2.8 KK Nonwovens
10.2.9 Joyforce Chemical Industrial
10.2.10 Foshan Polyva Materials Co. Limited
10.2.11 Super Interfab
10.2.12 Acedag Limited
10.2.13 Greencycles
10.2.14 Dute Industries Group
10.2.15 Foshan Yingfa Plastic Materials Co. Ltd.
11 Adjacent & Related Markets
11.1 Introduction
11.2 Limitation
11.3 Industrial Films Market
11.3.1 Market Definition
11.3.2 Market Overview
11.4 Industrial Films Market, by Region
11.4.1 APAC
11.4.1.1 By Country
11.4.1.2 By End-use Industry
11.4.2 Europe
11.4.2.1 By Country
11.4.2.2 By End-use Industry
11.4.3 North America
11.4.3.1 By Country
11.4.3.2 By End-use Industry
11.4.4 Middle East & Africa
11.4.4.1 By Country
11.4.4.2 By End-use Industry
11.4.5 South America
11.4.5.1 By Country
11.4.5.2 By End-use Industry
11.5 Industrial Films Market, by End-use Industry
11.6 Industrial Films Market, by Film Type
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: The Subscription Portal
12.3 Available Customizations
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