PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605845
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605845
The water soluble films market size is expected to reach USD 772.28 million by 2034, according to a new study by Polaris Market Research. The report "Water Soluble Films Market Share, Size, Trends, Industry Analysis Report: By Type (Cold Water Soluble Films and Hot Water Soluble Films), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The water soluble films market expansion is driven by rising environmental concerns and the increasing demand for sustainable packaging solutions. Water soluble films, primarily made from materials such as polyvinyl alcohol (PVA), dissolve in water without leaving harmful residues. Thus, they are considered ideal for applications in industries such as pharmaceuticals, agriculture, and cleaning products. Their ability to reduce plastic waste aligns with global sustainability initiatives, which is a significant factor fueling market expansion. Additionally, the adoption of water-soluble films is growing in response to stringent regulations aimed at minimizing single-use plastics and non-biodegradable packaging.
The expanding pharmaceutical industry drives the water soluble films market growth, where water-soluble films are used for precise drug delivery systems, including dissolvable capsules. The rise in the adoption of e-commerce has also contributed to market growth, as companies increasingly adopt these films for compact and dissolvable packaging of personal care and cleaning products. Moreover, innovations in cold-water-soluble films are redefining laundry and detergent packaging by offering convenience and enhanced sustainability, further driving demand.
The growing water soluble films market size is supported by continuous advancements in material science, allowing for the development of more efficient and biodegradable films. The increasing focus on minimizing industrial waste is also driving demand, as these films help reduce material scrap during production processes. As companies across various industries are adopting sustainable practices, the water-soluble films market is set to experience significant growth in the coming years, supported by technological innovations and rising consumer awareness of environmentally friendly solutions.
In terms of type, in 2024, the cold water soluble films segment dominated the water soluble films market share owing to its growing adoption in laundry detergents and cleaning products, offering convenience and environmental benefits.
The laundry bags segment, based on application, is expected to witness the highest CAGR during the forecast period due to the increasing demand for hygienic and dissolvable solutions in healthcare,
In 2024, North America dominated the water soluble films market due to the strong presence of innovative companies.
The Asia Pacific market is expected to witness the highest CAGR during the forecast period due to rapid industrialization and growing consumer demand for sustainable packaging solutions.
A few global key water soluble films market players are Mitsubishi Chemical Group Corporation; SEKISUI CHEMICAL CO., LTD.; KURARAY CO., LTD.; AICELLO CORPORATION; Ecopol S.p.A.; Arrow GreenTech Ltd.; Cortec Corporation; Changzhou Greencradleland Macromolecule Materials Co., Ltd.; Jiangmen Proudly Water-soluble Plastic Co., Ltd.; AMC Ltd.; and Noble Industries.
Polaris Market Research has segmented the water soluble films market report on the basis of type, application, and region: