WATER SOLUBLE FILMS MARKET ANALYSIS

Regional Analysis

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa

Global Water Soluble Films Market: Regional Insights

• Based on region the global water soluble films market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
• Among regions, North America is expected to gain the highest share in the market over the forecast period owing to the increase in application of water soluble films and the increase in production of single-and unit-dose packaging in various end-use industries in this region. For instance, water soluble films are often used for unit dose packaging in the pharmaceutical, food, chemical, and agriculture industries. In February 2022, in an attempt to curb the overwhelming plastic pollution of our oceans, Bioplastics International announced the launch of a water soluble replacement for petroleum-based plastics. The film dissolves in water in minutes and does not leave behind any micro plastics or residues.
• Asia Pacific is also expected to witness robust growth in the global water soluble films market due to the rise in use of single and unit dose packaging and the rapid growth of the pharmaceutical industry in this region, especially in the India. For instance, according to the Economic Survey 2020-21, the Indian pharma industry is expected to expand to US$ 65 billion by 2024 and US$ 130 billion by 2030. Moreover, according to the India Brand Equity Foundation (IBEF), Indian drug and pharmaceutical exports stood at US$ 2,119.08 million in June 2022.