Water Soluble Packaging Market is expected to grow at 5.1% CAGR
[220 Pages Report]?According to a new market research report?"Water Soluble Packaging Market by Raw Material (Polymer, Surfactant, and Fiber), Solubility Type (Cold Water Soluble and Hot Water Soluble), Packaging Type (Pouches, Films, Bags, Others), End Use (Industrial, and Residential), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) – Global Market Size, Share, Trends, Growth Opportunities, Key Players, Global Forecast to 2028"?published by?The Research Industry?is expected to grow at a?CAGR of 5.1%.?from the year 2018 – 2028.
Market Drivers
Growing awareness regarding the drawbacks of using single use plastics along with favourite policies by the government to ban the use of such plastics affecting the environment adversely are one of the major factors driving the market growth. Further, rising sustainability and environment concerns and growing application of water soluble packaging in multiple industries led to growing demand for biodegradable packaging.
Moreover, advancement in technology in the packaging sector to produce packaging using the non-petroleum products, innovative products such as water-soluble packaging and edible packaging are few major opportunities in the market.
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Market Segmentation
North America Region is expected to dominate the market over the forecast period?(2022 – 2028)
Water Soluble Packaging Market in our report by vehicle Type has been segmented into Asia Pacific, Europe, North America, South America, Middle East & Africa.
Among them, North America Region is expected to dominate the market over the forecast period. Growth of the region is attributed to factors such?as rapid growth in the chemicals, food & beverages, healthcare and pharmaceutical sectors in the United States and Canada. Moreover, the surging demand for sustainable packaging options coupled with stringent government regulations related to the usage of single-use plastic and favorable initiatives by the government for the promotion of sustainable packaging are the major factors driving the growth of the water soluble packaging market in the North America Region.
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Company Profiles
The major players in the Bayer AG (Germany), AGC SEIMI CHEMICAL CO., LTD. (Japan), Evonik Industries AG (Germany), BASF SE (Germany), DuPont (U.S.), H.C. Starck GmbH (Germany), Merck & Co., Inc. (U.S.), Sumitomo Chemical Co., Ltd. (Japan), Graphic Packaging International, LLC (U.S.), Heliatek GmbH (Germany), Novaled GmbH. (Germany), A.U. Optronics Corp., (Taiwan), WestRock Company. (U.S.), Smurfit Kappa (Ireland), among others domestic and global players.?
The study includes an in-depth competitive analysis of these key players in the Water Soluble Packaging market with their company profiles, recent developments, and key market strategies.
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领英推荐
Water Soluble Packaging Market Segmentation
Water Soluble Packaging Market by?Raw Material
Water Soluble Packaging Market by Solubility Type
Water Soluble Packaging Market by Packaging Type
Water Soluble Packaging Market by End Use
Water Soluble Packaging Market by Region
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Shubham Sharma
The Research Industry
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