WATER SOLUBLE FILMS MARKET ANALYSIS

Water Soluble Films MarketSize and Trends

The global water soluble films market was valued at US$ 381.8 Million in 2022 and is forecast to reach a value of US$ 649.6 Million by 2030 at a CAGR of 6.9% between 2023 and 2030. The global water soluble films market is experiencing strong growth due to the rise in use of water soluble films, the increase in applications of water soluble films, and the rise in demand for detergent and disinfectant across the world. Moreover, an increase in the use of single-and unit-dose packaging in various end-use industries is expected to boost the growth of the market. However, factors such as the high cost of water soluble film compared to conventional plastic films and supply chain disruptions due to the COVID-19 outbreak are expected to hamper the growth of the water soluble films market.

Global Water Soluble Films Market Trends:

• There has been an increase in demand for water soluble films for packaging chemical products to prevent direct human contact. Moreover, with the rapid growth of the chemical industry and rising investment by both manufacturers and governments, the demand for water soluble films is also increasing at a rapid pace. This trend is expected to continue over the forecast period, driving the growth of the water soluble films market.
• Furthermore, there is an increasing demand for water soluble films from the packaging, food, pharmaceutical, and textile industries. The changing trends in consumer behavior and ease of manufacturer facilitation gave the industries the advantage of growing rapidly across the world, thereby further benefiting the water soluble films market.