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.
3. Cortec Corporation: creator of a medical gadget intended to provide a direct interface between technology and the brain. The company's product consists of an implantable system that can record brain activity, affect it through electrical stimulation, and improve neural and technological communication, allowing doctors to treat neurological illnesses and improve patient outcomes. Founded 2010. head office in Germany. The MTECH International Conference on Materials, which took place in Ibenik, Croatia from October 6–9, was an honour for the Cortec® Europe team to attend.
4. Arrow GreenTech Ltd.: A holding firm based in India is called Arrow Greentech Ltd. Manufacturing cast water-soluble film and royalty income-patents are among its main businesses. It also deals in biodegradable goods and earns money from patents on related goods and technologies. Founded 1960. Mumbai, Maharashtra, serves as the headquarters.
5. AMC (UK) Ltd.: Manufacturer of oil and gas industry-specific torque equipment. The company's area of expertise is the design and manufacture of torque equipment for tubular connections used in oil and gas service firms throughout Africa, North and South America, Canada, Europe, the Middle East, and Russia. Founded 1988. Scotland is the heart of the United Kingdom.
6. Aicello Corporation: creator of an intelligent voice assistant for the hospitality sector. The business lowers labour costs associated with providing customer support, gathers and analyses vast volumes of data, and identifies possible business ideas by utilising speech and NLP technology. created in 2018. head office in Taiwan.
7. Sekisui Chemical Co. Ltd.: A Japanese diversified holding firm called Sekisui Chemical Co., Ltd. owns businesses that make high-performance plastics, build homes, and maintain urban infrastructure. Founded 1947. Headquarters in Japan's Osaka.
*Definition: Water soluble film, both cold water soluble film and hot water soluble film, is a synthetic polymer and is soluble in water.
