Many industry players are using it to curb their transportation emissions and shipping costs. These products are also being employed in households and other industries including personal care, laundry packaging, textile yarns, and medical domains. Due to the biodegradable nature of these products, it is being used across pharmaceutical and agricultural packaging sectors. The cumulative force of these factors is leading the global water soluble film market to sound maturity. In the past few decades, rising emissions and other hazardous activities have had adverse effects on the environment. In such a scenario, many eco-friendly practices and sustainable technologies are being promoted. Polyvinyl alcohol (PVOH) films are one such product that is a form of biodegradable plastic. PVOH is eco-friendly and safe, which makes them appropriate for usage in logistics and packaging. These products are commonly referred to as water soluble films.


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Thriving Pharmaceutical Industry to Boost Long-term Growth Prospects for Water Soluble Film Market


The pharmaceutical industry is expanding significantly across the globe. These developments are occurring due to several factors such as a growing population, increased occurrence of certain chronic diseases, and increased medical spending. In response, the industry is boosting its research and development efforts and adopting new medical technologies to improve care. To this end, water-soluble films are being employed in the pharmaceutical industry for several use cases. These include unit-dose drug packaging, artificial tears for dry eye treatment, and contact lenses. The impact of a strong pharmaceutical industry is boosting the demand for water-soluble films, thereby generating positive currents for the growth of the global water soluble film market.

Growing Employment in Agricultural Industry to Sustain Strong Growth Trajectory of Water Soluble Film Market


The growing global population is a key factor in the healthy demand for agricultural products. To this end, many agriculture industry players are trying to enhance the quality and quantity of their products by adopting more efficient farming methods. Agrochemicals, fertilizers, and other chemicals are anticipated to experience significant growth in demand in future. To ensure optimal crop yield, the use of water-soluble film packaging to precisely deliver agrochemicals to crops is increasing. With such packaging, farmers can easily apply agrochemicals and accurately control nutrient delivery. The eco-friendly nature of these products is predicted to contribute to sustained growth in the global water soluble film market.


Thriving End-use Industries to Establish America as a Leading Water Soluble Film Market


North America is projected to be the dominant region in the water soluble film market owing to its flourishing packaging, pharmaceutical, and textile industries. The pivotal participants factors behind such developments are economies such as the USA. The robust economic growth and paced recovery from the global pandemic is expected to sustain its strong trajectory in the coming years. In such a setting, the growing water soluble film application pool is creating significant growth prospects for the water soluble film market in North America.


Key Market Players


The most competitive entities currently functioning in the global water soluble film market include Sigma-Aldrich Co. LLC, Acedag Limited, Huntingdon Fusion Techniques HFT, Soluble Technology Ltd, Polatechno Co., Ltd., Nissin Corporation, INFHIDRO, KK NonWovens, 3M, and Soltec Development Inc.


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