Over the course of the projected period, it is anticipated that rising water soluble film usage or increasing water soluble film applications will spur market growth. For instance, Bioplastics International created the first sugar cane alcohol water soluble PVA to replace plastics in September 2022. It doesn't include any bioplastic, toxins, heavy metals, chemicals, or plastic. To reduce plastic pollution, Bioplastics International has introduced a water soluble coating for petroleum-based polymers that is free of fossil fuels.
During the forecast period, rising detergent and disinfectant demand is anticipated to support market expansion for water soluble films worldwide. For instance, liquid laundry detergents, disinfectants, and washing powder are frequently packaged in water soluble films. Effectively dissolving in water is a film for detergent, disinfectant, and washing powder. Unilever introduced the newly created capsule in July 2022 to provide superior cleaning performance while aiding in the decarbonization of the laundry process. Over 6,000 tonnes of plastic are expected to be kept out of the waste stream annually thanks to the new capsules.
The market for Water Soluble Films was estimated at US$ 360.0 million in 2021 and is anticipated to grow at a CAGR of 6.3% from 2022 to 2030 to reach US$ 644.7 million.
Key Manufacturers in the Water Soluble Films Industry:
1. Mondi Group:
Paper and packaging products are manufactured and sold by Mondi PLC. Corrugated packaging, flexible packaging, and uncoated fine paper are all included in the company's sector. The segment that brings in the most money is Flexible Packaging. Kraft paper, paper bags, consumer flexibles, functional paper and films, and pulp are all included in the flexible packaging segment. Europe is where most of the money originates from. Created in 1967. In order to pinpoint five trends in eCommerce packaging, Mondi teams up with RetailX
2. Kuraray Co. Ltd.:
Kuraray Co. Ltd. produces and markets specialty chemicals, resin, and fibre. By product category, the company divides itself into six areas. Selling plastic films and resins for use in the electronics and food packaging industries, the Vinyl Acetate business, which earns the largest income of any segment, sells these products. Founded 1926. Head office in Japan.