
Report ID: UCMIG15H2038
SkyQuest Technology's Water soluble packaging market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Water Soluble Packaging Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The estimated global market size for water-soluble packaging reached USD 3.14 billion in 2022 and is anticipated to exhibit a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This innovative packaging solution, designed to dissolve in water, offers a sustainable substitute for conventional materials like plastic, glass, and metal. The surge in the water-soluble packaging market is driven by increasing environmental awareness and a shift in consumer preferences toward eco-friendly packaging options. Recognized for its user-friendly nature, easy dissolvability, and minimal environmental impact, this packaging aligns with growing concerns over pollution and is gaining traction, especially in response to stringent regulations imposed by the U.S. federal government on plastic packaging. The presence of key manufacturers like MonoSol (a Kuraray Division), U.S. Non Wovens, Mondi, and SmartSolve Industries further bolsters the demand for water-soluble packaging solutions in the United States.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Paper Packaging by segment aggregation, the contribution of the Paper Packaging in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15H2038
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