Reports and Data has recently published a research report offering comprehensive overview of the global Water Dissolvable Packaging Market. The global Water Dissolvable Packaging market is highly competitive and comprises various key players at regional and global level who have accounted for large market revenue share in 2020. The report offers insights of every market player including its financial status, market standing, product launches and license agreements.
The Global Water Dissolvable Packaging Market is forecast to reach USD 4.83 billion by 2027. The growing importance of biodegradable, low cost & easy decomposing plastic packaging, increasing proliferation of the smart plastics that diminishes the harm of the plastics, and growing awareness against the usage of non-biodegradable & single-use plastic packaging are predominantly enforcing the growth of the water dissolvable packaging market. Practices that sustain the environmental welfare are being adopted by the packaging industry. The requirement of affordable, sustainable & resilient packaging material are leading to the increased use of the water-soluble plastics for packaging across many industry verticals.
Water dissolvable packaging that do not cost much compared to the conventional plastic packaging can be hugely incorporated by many packaging companies. A joint venture of Solubag and Polye Materials designed the water dissolvable packaging bags that cost about 1.5 times of that of any normal plastic bags. The cost of the bags from the company kept being reduced in the next generations, increasing its chance of wide adaptability by the packaging companies.
The Water Dissolvable Packaging market report offers latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Water Dissolvable Packaging industry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on the emerging opportunities.
Leading Market Competitors:
Kuraray Co. Ltd, Mitsubishi Chemicals Holdings, Cortec Corporation, Mondi Group, Sekisui Chemicals, Aquapak Polymer Ltd. (Hydropol), Lithey Inc., MSD Corporation, Amtopak Inc., and JRF Technology LLC, among others.
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Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Global Water Dissolvable Packaging Market Segmentation:
Raw Materials Outlook (Revenue, USD Million; 2019-2027)
End-Use Verticals Outlook (Revenue, USD Million; 2019-2027)
Food & Beverages
Agricultural & Chemicals
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Regional and Country-wise Segmentation of the Global Water Dissolvable Packaging Market:
Middle East & Africa
Reasons to purchase this report:
The industry analysis report offers actionable insights into the global Water Dissolvable Packaging industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
The report systematically profiles the leading companies operating in the Water Dissolvable Packaging market, and, at the same time, highlights their long-term business expansion strategies.
In-depth scrutiny of the Water Dissolvable Packaging business landscape with accurate market projections for the forecast period.
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