Market Size of Water Soluble Films Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 431.82 Million |
| Market Size (2029) | USD 565.44 Million |
| CAGR (2024 - 2029) | 5.54 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Water Soluble Films Market Analysis
The Water Soluble Films Market size is estimated at USD 431.82 million in 2024, and is expected to reach USD 565.44 million by 2029, growing at a CAGR of less than 6% during the forecast period (2024-2029).
Different end-user sectors contributed to the market in different ways during the COVID-19 pandemic. Owing to its dependence on textiles, composite molding, and other factors, the water-soluble film market was negatively impacted in the wake of COVID-19. Meanwhile, the packaging, pharmaceutical, and healthcare sectors have contributed to the overall growth of the market.
The increasing demand for water-soluble laundry bags in the healthcare sector and the surging demand from detergent and agrochemical packaging applications are expected to drive market growth.
On the flip side, limitations associated with water absorption properties, such as difficult processibility and inconsistent quality, are expected to hinder the growth of the market.
Growing regulatory strictness to curb plastic pollution is expected to act as an opportunity for market growth in the future.
North America accounted for the highest market share, whereas Asia-Pacific is likely to register the highest growth rate in the market during the forecast period.
