The global water soluble films market is expected to grow at a significant CAGR during the forecast period. The market is primarily driven by the growing focus of governments on green procurement policies and shifting consumer preferences towards eco-friendly packaging materials. The global market is further fueled by the rising demand for detergents and other cleaning products with enhanced biodegradability.
Water soluble films are non-toxic, compostable and break down into harmless components in the environment upon disposal. They are a perfect choice for packaging a wide range of foods, from ready-to-eat (RTE) snacks and meals to pharmaceuticals and medical devices.
These films are available in cold and hot water soluble forms and can be supplied in reel form, slit to required width or as pre-formed bags. They are supplied on 76mm cores with reel lengths between 500-1000mts, dependent on the film thickness.
In terms of end-use industries, the water soluble film market is segmented into textile, packaging, and pharmaceutical & healthcare. The packaging industry is the largest end-user of these films, owing to their use in single and unit dose packaging. The growth of this segment is largely attributed to the strict ban on plastic bag usage in several European countries and the rising adoption of eco-friendly packaging.
The agrochemicals sector is another large end-use industry for water soluble films. The rise in agricultural output has led to an increased use of agrochemicals, which is fuelling the growth of this segment of the market. Water Soluble Film Supplier