In a recently updated edition, trends suggest a valuation of USD 1,006.8 million for the Water Soluble Bag Market in 2024. As these trends gain substance and become mainstream, sales of water soluble bags hold the potential to touch the valuation of USD 1,314.2 million by 2034. This indicates a CAGR of 2.70% during the forecast period.
The increasing consumer demand for sustainable packaging options, stricter regulations, and an increased awareness of environmental issues are expected to drive the water-soluble bag market.
The adoption of water-soluble bags will extend beyond traditional applications like pharmaceuticals and detergents to encompass a broader range of industries, including food packaging, agriculture, and hospitality.
Sustained research and development expenditures will improve the performance and cost of water-soluble materials. Advancements in biodegradable polymers, film compositions, and processing technologies will fuel product innovation and market penetration.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | USD 1,006.8 million |
| Projected Market Value in 2034 | USD 1,314.2 million |
| Value-based CAGR from 2024 to 2034 | 2.70% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
From 2019 to 2023, the water-soluble bag market experienced a CAGR of 2.20%. Water soluble materials now function better and are more versatile and affordable because of developments in materials science and manufacturing techniques.
The market potential of water-soluble bags was increased by innovations in film compositions, strength increases, and compatibility with different goods. Market expansion will happen more quickly in areas with strict environmental restrictions, high consumer awareness, and pro-business government policies.
Governments worldwide have imposed taxes, fees, and prohibitions on single-use plastics, which has increased demand for water-soluble bags and other alternative packaging options. Projections indicate that the global water-soluble bag market will experience a CAGR of 2.70% from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 2.20% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 2.70% |
The tables showcase essential economies such as the United States, Germany, China, India, and Japan, highlighting the water-soluble bag market dynamics. Based on a comprehensive analysis, India presents a substantial opportunity due to the increasing demand for sustainable packaging solutions.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 1.7% |
| Germany | 1.1% |
| China | 3.7% |
| Japan | 1.2% |
| India | 4.7% |
The water-soluble bag market in the United States is expected to register a CAGR of 1.7%. The growth of the country's market is attributed to the increasing use of water-soluble packaging in various sectors.
Sales of water-soluble bags are expected to increase in the United States as a result of increased public awareness of the need to limit the use of single-use plastic and government initiatives to outlaw their usage.
Water soluble bags are becoming more and more popular among ecologically aware businesses and customers since they provide a sustainable substitute for conventional plastic. With increased environmental awareness, demand for sustainable packaging has increased in the country.
The market is expected to register a CAGR of 1.1% in Germany for the forecast period. The growth of the water-soluble bag market in Germany is attributed to increasing demand for products with eco-friendly packaging options. The demand for sustainable packaging solutions aligns with consumer preferences, driving the growth of the water-soluble bag market in Germany.
There is a presence of strict regulations to reduce single-use plastic and sustainable packing solutions. These regulations create a favorable environment for adopting water-soluble bags, driving the market growth in the country.
The water-soluble bag market in China is expected to expand with a CAGR of 3.7% from 2024 to 2034. The increasing demand for water-soluble bags in healthcare, hospitality, and agriculture for packaging purposes is driving the market growth in China.
The Chinese government has implemented policies and regulations to reduce plastic waste and promote environment-friendly alternatives. These initiatives create a conducive environment for adopting water-soluble bags by businesses and consumers.
The water-soluble bag market in India is expected to expand with a CAGR of 4.7% from 2024 to 2034. Water-soluble bags are in demand in the country due to increased consumer awareness. The growing middle-class population and increasing disposable income propel market demand in various industries.
The growing demand for eco-friendly packaging for packaged goods is driving market growth in India. Water-soluble bags are becoming more widely available and economically viable for enterprises because of technological development in material science and production techniques.
The market is expected to register a CAGR of 1.2% in Japan. The main factor in the country's growth of water-soluble bags is the increasing stringent regulations that reduce plastic waste and promote sustainable practices. Japan is projected to see a further surge in demand for water-soluble bags as environmental awareness grows.
Japanese companies invest in research and development to improve the performance and cost-effectiveness of water-soluble bags, driving market growth. Increasing demand for water-soluble bag in various industries is also expected to boost the market growth in Japan.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The section below shows the leading segment. This polyvinyl alcohol (PVA) segment is expected to account for a market share of 77.5% in 2024. Based on solubility, the hot water soluble segment is expected to have a share of 58.4%.
| Category | Market Share |
|---|---|
| Polyvinyl alcohol (PVA) | 77.5% |
| Hot Water Soluble | 58.4% |
Polyvinyl alcohol (PVA) segment emerged as the dominant force in the water-soluble bag market, commanding 77.5% of the total market share in 2024. Polyvinyl alcohol (PVA) is a transparent, water-soluble thermoplastic derived from polyvinyl acetate.
Because of its high hydrophilicity, it is the most suitable raw material for manufacturing packaging films that dissolve in water.
It is mostly used in the agricultural sector to wrap hazardous fertilizers with PVA-based water-soluble packaging, which makes it easier for farmers to handle this toxic material without coming in contact with it.
One of the main factors driving its market sales is PVA’s perceived safety, which the FDA has validated as a packaging material for the food industry.
Based on solubility, the hot water solubility segment is expected to account for a market share of 58.4% in 2024. The hot water solubility offers versatility in application across various industries. These bags dissolve quickly and completely in hot water. Thus, they suit a wide range of products and packaging requirements.
The hot water solubility provides efficient solubility for dissolving bags as hot water speeds up the dissolution process. Hot water has better control over the dissolution process.
Many materials and product formulations, particularly those that need high temperatures during processing or use, are compatible with hot water solubility. This makes hot water-soluble bags suitable for packaging pharmaceuticals, detergents, and cleaning agents.
The market players operating in the water-soluble bag market are performing mergers, acquisitions, expansion collaborations, and partnerships to increase their market presence. The leading players are also launching new products to increase their product portfolio.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 1,006.8 million |
| Projected Market Valuation in 2034 | USD 1,314.2 million |
| Value-based CAGR 2024 to 2034 | 2.70% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Material, Solubility, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Acedag Limited; POLYE MATERIALS CO. LTD; Chromogreen; Extra Packaging LLC; TREVOR OWEN LIMITED; EOS Plast Srl; Green Tech Bio Products; Aquapak; FOSHAN POLYVA MATERIALS CO. LTD; Rovi Packaging S.A. |
As of 2024, the market for water-soluble bags is expected to be valued at USD 1,006.8 million.
By 2034, the market value of water-soluble bags is expected to reach USD 1,314.2 million.
From 2024 to 2034, the water-soluble bag market is expected to flourish at a CAGR of 2.70%.
The hot water soluble segment is expected to account for a market share of 58.4% in 2024.
India is likely the top-performing markets, with a CAGR of 4.7%.
| Market Size in 2024 | USD 5.6 million |
|---|---|
| Market Value in 2034 | USD 8.7 million |
| Market CAGR (2024 to 2034) | 4.5% |
| Market Estimated Size in 2023 | USD 34.1 billion |
|---|---|
| Projected Market Value in 2033 | USD 50.3 billion |
| Value-based CAGR from 2023 to 2033 | 3.90% |
| Expected Market Value (2023) | USD 1,162.0 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 1,753.41 million |
| Projected CAGR (2023 to 2033) | 4.2% |
| Market Estimated Size (2022) | ~USD 16.9 Billion |
|---|---|
| Market Projected Size (2032) | ~USD 37.5 Billion |
| Market CAGR (2022 to 2032) | ~8.3% |
Explore Packaging Formats Insights
View Reports
Water Soluble Bag Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
