Water Soluble Films Market

In terms of value, the water soluble films market is estimated to grow from USD 441.8 million in 2024 to USD 586.4 million by 2029, at a CAGR of 5.8%. The growing customer demand for convenience and ready-to-eat foods is one of the main factors propelling the water soluble films market. The market for water soluble films is expanding due to the growing applications across various industries. The increasing emphasis on convenience and time-saving solutions, urbanization, and fast-paced lifestyles are the main causes of this demand spike. This shift is having an impact on packaging advancements as manufacturers work to develop solutions that meet these changing consumer desires.

The key players profiled in the report include Mitsubishi Chemical Group Corporation (Japan), SEKISUI CHEMICAL CO., LTD. (Japan), KURARAY CO., LTD. (Japan), AICELLO CORPORATION (Japan), Ecopol S.p.A. (Italy), Arrow GreenTech Ltd. (India), Cortec Corporation (US), Changzhou Greencradleland Macromolecule Materials Co., Ltd. (China), Jiangmen Proudly Water-soluble Plastic Co., Ltd. (China), AMC (UK) Ltd. (UK), and Noble Industries (India). These players have adopted various growth strategies to strengthen their position in the market. These include adopting new technologies, expansions, and product launches to acquire larger market shares.

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Mitsubishi Chemical Group Corporation is a world leader in chemical manufacturing. It is one of the top manufacturers of water soluble polyvinyl films. The company operates under in six business segments, namely, industrial gases, specialty materials, basic materials, healthcare, MMA, and others. The company offers water soluble films through the specialty materials segment. The company aims to meet the advanced and diverse requirements of its customers by strengthening its product portfolio. It primarily operates in Japan and has significant operations in Asia Pacific, Europe, and North America. The company has adopted multiple strategies to optimally utilize its resources, diversify its brand and product portfolio through effective R&D, and establish a consumer-friendly supply chain and logistics network, globally.

SEKISUI CHEMICAL CO., LTD. is a global company in the water soluble films market. The company operates through four business segments, namely, housing, urban infrastructure & environmental products, high-performance plastics, and medical. The company is continuously adopting new technologies according to the changing market demands. The company produces polyvinyl alcohol films in different grades under the high-performance plastics business segment. It manufactures high-performance plastics for the medical, automotive, information technology, and residential housing construction sectors. The company is innovating to create value for its products and intends to enhance its portfolio management. The company invests in R&D to remain competitive in the market.

Related Reports:

Water Soluble Films Market by Type (Cold, Hot), Application (Detergent Packaging, Agrochemical Packaging, Water Treatment Chemical Packaging, Dye Packaging, Food Packaging, Laundry Bags, Embroidery, Pharmaceutical) - Global Forecast to 2029

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