Global Water Soluble Packaging Market - 2020-2027

Global Water Soluble Packaging Market - 2020-2027

Market Overview
The water soluble packaging or water cooler is used to dispense or cool water. It is connected to the mains than provides a live stream of cold or hot water. It is mainly classified into two categories, namely bottle-less water soluble packaging and bottled water soluble packaging. The water soluble packaging offers a refrigeration function to cool the water and offers hot water or room temperature water for tea, coffee, or other purposes.

The global water soluble packaging market size was worth US$ XX billion in 2019 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).

Market Dynamics
Rapid growth in the urbanization of developing economies, and the increasing demand for clean drinking water appliances, and the improved purchasing power of consumers in emerging economies, such as India, China, Mexico, Malaysia, Indonesia, and South Korea, are anticipated to boost the masrket growth further.

Plasticulture will enhance the market growth
There are several benefits of plasticulture including yield improvement of up to 50-60%, water savings of up to 60-70%, prevention of weed growth, soil conservation, protection against adverse climatic conditions, fertilizer savings up to 30-40%, reduction in post-harvest losses, and conversion-cold desert/wasteland for productive use. The greater use of plastic in agriculture can also aid to a great extent to achieve up to 50% of the intended targets in agriculture. The broader use of plasticulture can reduce the loss of harvest and can increase efficiency, thus contributing more to any country’s GDP.

Ban on single-use plastics
In June 2019, the Canadian government announced its plan to ban the use of single-use plastics by 2021 correspondingly decreasing the 3 million metric tons of plastic waste tossed out in Canada, every year. This is anticipated to affect bottled water and beverage manufacturing companies, and, in turn, negatively impacting the plastics market players. Similarly, in May 2019, the European Council publicized the official adoption of new regulations within the EU (European Union) that may restrict single-use plastic items and introduce recycling targets. Such regulations are anticipated to lay a negative effect on the market studied. Consumers are now using other packaging materials, which offer environment-friendly properties, which in turn, is expecetd to contribute to the growth of the market during the forecast period.

COVID-19 Impact Analysis
The recent COVID-19 outbreak has caused a disruption in the supply chain owing to which the market value was declined considerably across the globe. Global superpowers such as the US and EU regions have been severely impacted by the COVID-19 crisis. It is impacting all the concerned petrochemical companies such as engineering companies, contractors, original equipment manufacturers (OEMs), and various services providers. Crude oil is an essential element to produce all petrochemical and petroleum products. The recent downfall in the prices of crude oil is clearly showing the status of the petrochemical industry. Crude petroleum is an important input used in the production of organic chemicals, which in turn, are used as inputs into the production of more-processed goods, such as plastics products.

Segment Analysis
Based on the packaging type, the water soluble packaging market has been classified into bags, pouches, and pods and capsules.
Pouches lead the market throughout the forecast period
Pouches segment led the overall market with a share in 2019. Whereas the bags segment is likely to register the fastest CAGR during the forecast period. Growing demand for sustainable packaging options from the personal care industries and food & beverages industries is the key factor leading to a rise in demand for water soluble pouches. Further, rising awareness among customers in developed and developed countries about green technology is driving the demand for water soluble pouches.

Based on the raw material, the water soluble packaging market has been classified into polymer, surfactants, and fiber.
Polymer segment dominated the global water soluble packaging market in 2019
Polymer segment accounted for the largest share in the global market in 2019. This is attributed to the continuous increasing use of water soluble packaging that offers an environment-friendly and sustainable solution for packaging for various end-use applications. PVOH (Polyvinyl alcohol) is referred to as a clear and water soluble thermoplastic that is derived from polyvinyl acetate, which is extremely hydrophilic in nature. Therefore, it is used as a ideal raw material for manufacturing of water soluble films and packaging globally. Moreover, the use of PVOH water soluble packaging has gained its popularity in the agriculture sector to contain harmful fertilizers so that it becomes easier for the farmers to handle such toxic chemicals without touching them. Moreover, PVOH is approved by FDA to be used as a packaging material in the food industry and considered to be safe, which is one of the major factors to support its growth in the market.

Geographical Analysis
Based on geography, the study analyzes the water soluble packaging market in the global market, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
Asia Pacific leads the global market throughout the forecast period
Asia Pacific dominates the global water soluble packaging market with the largest share in terms of value and volume globally, followed by Europe. China dominated the Asia Pacific water soluble packaging market in 2019. Rapid industrialization in the region coupled with the increased skilled workforce is driving the growth of the manufacturing sector in the region, which in turn, is creating the demand for plastics. Further, the presence of the well-established packaging industry, electrical & electronics, and automotive industry in the region creates the demand for plastics for various applications and hence, drives the regional growth of the market.

Competitive Landscape
The water soluble packaging market is highly competitive, owing to the large presence of water soluble packaging brands. The key water soluble packaging players include Amtopack Inc., Mondi Group, Kuraray Co. Ltd., Mitsubishi Chemical Holdings, Cortec Corporation, Solupak, Msd Corporation, Lithey Inc., Aquapak Polymers Ltd., Prodotti Solutions, Guangdong Proudly New Material Technology Corporation. The crucial players are adopting new product launches and expansion strategies for global growth in the water soluble packaging market.

Amtopack Inc.
Overview: Kuraray Co., Ltd. was incorporated in 1926 and is headquartered in Tokyo, Japan. The company manufactures and sells chemicals and resins, fibers and textiles, high-performance materials, medical products, and other products across the globe. The business segment of the company includes Plastics/Polymers, Chemicals/Elastomers/Rubbers, Fibers & Textiles/Man-Made Leather/Nonwoven Fabrics/Hook-and-Look Fasteners, Medical/Environment Related, New Business, and Engineering. Under its Chemicals/Elastomers/Rubbers segment, the company offers Kuraray Liquid Rubber (K-LR) that includes Liquid Isoprene Rubber (LIR) and Liquid Butadiene Rubber (LBR). These high-viscosity synthetic rubbers are based on isoprene, butadiene, and styrene. Common applications of these rubbers include in the manufacturing of tires, belts, hoses, and other rubber goods. In addition, K-LR is used to produce high-performance coatings, adhesives, and sealants.

Product Portfolio: The company's portfolio comprises a wide range of kitchen and laundry appliances.

Why Purchase the Report?
• Visualize the water soluble packaging market segmentation composition by raw material, packaging type, solubility type, end-users, and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the water soluble packaging market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of water soluble packaging market - level 3 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players
The global water soluble packaging market report would provide access to an approx. 65 market data tables, 65 figures, and 270 pages.

Target Audience
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Chemical
• Research Professionals
• Emerging Companies
• Manufacturers