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According to the latest report by IMARC Group, titled “Water Soluble Film Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global water soluble film market reached a value of US$ 355.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 491.6 Million by 2027, exhibiting a CAGR of 5.8% during 2022-2027. A water soluble film (WSF) represents a thin protective layer that has the unique characteristic of completely disappearing and dissolving in water at room temperatures. It offers various benefits, including smooth mechanical operations, enhanced productivity, cost-effectiveness, flexibility, etc. The water soluble film produced from polyvinyl alcohol also has high tensile strength and adhesive properties. Consequently, it is extensively used in the packaging of a wide range of industrial and consumer goods, particularly for single-serve or pre-portioned packs.
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The growing product adoption as a sustainable and eco-friendly packaging material for agrochemicals is primarily driving the water soluble film market. Additionally, the implementation of several stringent environmental protection laws and regulations by government bodies across countries is further catalyzing the market growth. Besides this, the increasing utilization of water soluble films in the food and beverage (F&B) industry, owing to its air- and oil-resistant properties, is acting as another significant growth-inducing factor. Moreover, the rising investments in R&D activities aimed at developing WSFs made from milk-based thermoplastic that can easily break down in water and soil are also positively influencing the global market. In line with this, the leading manufacturers are focusing on launching green product variants to help individuals with precise dosing and safe handling or storage of toxic and hazardous items, which, in turn, is anticipated to fuel the water soluble film market over the forecasted period.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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