Wednesday 1 July 2015, Amsterdam
The report, now available on ASDReports, “Water Soluble Film Market for Detergent, Agrochemical, Water Treatment Chemical, Dye, Food, Packaging, Laundry Bags, Embroidery, Pharmaceutical Packaging - Global Trends & Forecasts to 2020” defines and segments the water soluble film market with analysis and forecast of the market size. The water soluble (PVA/PVOH) film market is projected to account for $404.8 Million by 2020, signifying an annualized growth of 5.2% between 2015 and 2020.
North America–The largest market for water soluble films
The water soluble film market in North America is projected to register fastest growth due to various government initiatives and regulations that have been formed for environmental protection. The increasing awareness among consumers for the use of bio-degradable materials will boost the use of water soluble film. The North American countries are experiencing a gradual increase in the demand of water soluble film for the applications, such as detergent packaging, agrochemical packaging, and embroidery. The demand is being generated from both consumer and industrial segment. The safer, convenient, and optimal use of agrochemicals will drive the market for water soluble films as the government is focusing on the disposal of agrochemical in an environment friendly ways.
Detergent Packaging–The biggest application of water soluble film
Detergent packaging is one of the largest applications of water soluble film market and is expected to continue domination in the near future. North America has the largest demand for detergent packaging and accounted for a share of around 32% of the total market. Europe is the second-largest market for detergent packaging.
The U.S. and U.K. are at forefront of water soluble film demand while Canada, Germany, France are the other key markets for water soluble film. The stringent law in developed nations for environment protection is the key driver for the growth of water soluble film market. The increasing awareness about the use of green products among the consumers along with convenient, safe, and reduced product wastage is favourable for the growth of water soluble packaging.
The report covers the water soluble film market and its trends in six regions, North America, Western Europe, Asia-Pacific, South America, Eastern Europe and Middle East & Africa. The market has also been analyzed on the basis of applications, such as detergent, agrochemicals, water treatment chemicals, dyes, laundry, embroidery, food packaging, and pharmaceutical.