Water Soluble Pods Packaging Market by Material Type (Poly Vinyl Alcohol), Product Type (Single Layer Water Pods, Dual Layer Water Pods, Multi Chamber Water Pods), Thickness Type (Below 30 Micro Meter, 31-60 Micro Meter, 61 Micro Meter), and Region
Sales in the global water soluble pods packaging market are slated to top US$ 244.6 Mn in 2022. Expanding at a healthy 16.4% CAGR, the market size is projected to total US$ 621.6 Mn by 2028. Increasing sustainability and environmental concerns is set to propel the sales in water soluble pods packaging market. Also, the implementation of stringent norms by governments across the globe for banning the usage of plastics to prevent pollution is likely to drive the market.
Water Soluble Pods Packaging Market: Dynamics
The positive aspects related to the usage of water soluble pods packaging is marking the growth of this market. As the name suggests, these pods are water soluble, which makes these environment friendly as well. These pods are used in the packaging of laundry detergents, dish wash, spa cosmetics etc. Usage of eco-friendly packaging of products is necessary due to excessive usage of plastic around the world, which has led to rising concerns about non-decomposable waste accumulation.
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Water soluble (PVA) films are soluble in cold and hot water and hence leave no residue. These beneficial features of PVA are encouraging detergent manufacturers to use it as a packaging material. Procter & , a global manufacturer of consumer goods and household products has witnessed sales to the tune of US$ 1.5 billion from their product named “Tide Pods and Ariel Pods” that are laundry detergent pods.
2013-2021 Water Soluble Pods Packaging Market Outlook in Comparison to 2022-2028 Growth Forecast
As per Future Market Insights, the global water soluble pods packaging market is expected to register 16.4% CAGR between 2022 and 2028, up from 13.4% CAGR recorded during 2013-2021.
Initially, water soluble pods packaging solutions were used only in detergents, however, in today’s technology-driven world, these are being used in the cosmetics and personal care industry to store creams and lotions.
In December 2021, for instance, Glow Recipe, a clean Korean beauty inspired skin care brand, introduced its Plum Plump Hyaluronic Cream in the novel modular packaging. The cream comes in a small pod in a pink-colored round glass container, so that it can be snapped in and out of the outer packaging very easily.
Competition Landscape
Prominent water soluble pods packaging manufacturers are present mainly in developed countries of the world. But, there is a scope of growth in emerging areas and untapped regions in the near future.
New entrants in the market are likely to add lesser concentration of moisture and higher concentration of detergent in their products for providing a longer shelf-life. Meanwhile, some of the other players are expected to engage in research and development activities to introduce unique products for meeting the demand from numerous industries.
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Key Companies Profiled
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Product Road map
3. Market Background
3.1. Value Chain
3.2. Market Dynamics
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About Future Market Insights, Inc. Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Aw
Dec 28, 2022
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