by Water-soluble film is a type of film that can dissolve easily in normal water at room temperature. Once dissolved, it is colorless and nontoxic. Its bactericidal effect makes it a safe and convenient material for toilet seat covers. It is also a good choice for disposable toilet seat cushions. Moreover, it can effectively save processing cost.
Demand from the pharmaceutical industry
Demand for water-soluble film from the pharmaceutical industry is growing rapidly in emerging economies. This growth is fueled by advanced manufacturing processes, technological innovations, and increased integration of companies. Moreover, the growth of the pharmaceutical industry is also supported by the growing awareness among consumers about the health-care systems in these countries. Demographic factors such as increasing income levels are also driving this market growth.
Water-soluble film is primarily used in pharmaceutical packaging due to its high solvent resistance and gas barrier properties. It is commonly used in the packaging of pharmaceutical products such as vaccines, medications, and nutraceuticals. These films prevent these drugs from coming in contact with organic solvents or oils.
The global water soluble film market is segmented by dissolution rate and product type, including fast, medium, and slow films. The market is also segmented by geography and end-user industries. In addition, the water-soluble film market is expected to grow at a CAGR of around six percent. The increasing demand for pharmaceuticals and other health-care products is expected to drive the market growth in the near future.
Increase in inclination toward agriculture
Water soluble film is an environmental friendly plastic film that is produced by a process that includes biodegradable substances. The films have an increased biodegradability rating and are nontoxic. However, the film is not cheap to produce and the production cost is 60 to 140 percent higher than conventional plastic films. In addition, the production process of water soluble films requires sophisticated machinery and skilled professionals.
Growing population and focus on improving crop yields are driving the use of water soluble films in agrochemical packaging. The growth of this technology in the agricultural film market is expected to be driven by sustainable living standards and the desire to promote green products. The market for agricultural films is highly dependent on the pharmaceutical, water treatment chemical, food & beverage, and detergent industries.
The market for agricultural films has grown rapidly in recent years. The report covers market trends and estimates for 2020 and 2030. It also covers the key players in the industry. Using a five-forces analysis, the report explains how the water soluble film market is likely to evolve and the key drivers and restraints affecting its growth.
Increase in use in detergent packaging
Water soluble film is a type of thin film that is soluble in water. This film is widely used for ready-to-use detergent packaging. It offers various benefits to consumers, including single-use packs that can be easily recycled. These packs also prevent wastage, spillage, and overdosing. Furthermore, they can also protect chemical workers from potentially hazardous materials. The increasing usage of this type of film in detergent packaging is expected to increase its market value in the coming years.
The water soluble film market is segmented by application, with the detergent segment accounting for the largest share. This segment is expected to grow at a rapid pace during the forecast period. It is widely used for soluble small-dose detergent packaging, due to its compatibility with liquid detergent. This technology is changing the way consumers clean, as it enables packaging of more concentrated detergents that require less formula.
In addition, the global water soluble film market is segmented by thickness, with the 30-60 micrometer segment leading the market. However, the fastest growing segment is the below-30-micrometer segment, and it is predicted to account for about one-fifth of the market by 2026.
Impact of COVID-19 pandemic
The COVID-19 pandemic has impacted the global water soluble film market. This report explores the impact of the epidemic on various industry segments, including materials, applications, end-use industries, and value chain stages. It also analyzes trends and drivers of the market to assess opportunities and challenges.
The increasing demand for environmentally friendly packaging has contributed to the growth of the water soluble film market. However, there are several challenges that may hinder its growth. First, water soluble film is costly to produce. It costs around USD 2 to 6 per kilogram, compared to USD 1/kg for traditional plastics. The cost difference is substantial as biodegradable materials require more expensive polymerization. Also, most biodegradable plastics are still in the development stage, so economies of scale have yet to be achieved.
A global Water Soluble Film market report provides statistical market data and revenue forecasts for the coming years. The report also examines regional and country-level markets. It also details the competitive landscape and analyzes particular companies. Each segment is analyzed to identify important factors driving growth and future profitability.
