Global Water-Soluble Pods Packaging Markets to 2023; Dominated by Aicello, Mitsubishi Chemical, Mondi, and Sekisui Chemical - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 7, 2018--The “Global Water-soluble Pods Packaging Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The water-soluble pods packaging market will register a CAGR of almost 7% by 2023.
Since the introduction of P&G Tide pods in 2012, the demand for single dose packaging has been increasing globally. The easy to use feature has made single dose packaging an instant hit among consumers. Single dose consumer goods packaging is more popular in developed countries rather than developing countries due to the lifestyle variations of the people.
As single dose packaging is convenient for travelling consumers, cosmetic manufacturers are also focusing on the use of single dose packaging for their products. Hence, the growing demand for single dose packaging will fuel the growth of water-soluble pods packaging market during the forecast period.
Rising demand for organic cosmetics and personal care packaging
The demand for organic cosmetics and personal care products is increasing. Growing awareness about health and environment is one of the major factors fueling the demand. To market their products as all-natural, organic cosmetics manufacturers are demanding for sustainable and eco-friendly packaging solutions. Cosmetic manufacturers are also partnering with packaging vendors to develop effective packaging solutions for their products. This will result in an increased adoption of water-soluble pod packaging during the forecast period as it is degradable in nature.
Cost-effectiveness of ordinary plastic films over water-soluble films
The manufacturing process of PVA film is very complex which increases its cost. The profitability of the water-soluble pods packaging vendors is affected by the rising price of raw materials such as vinyl acetate monomer. The high material cost of water-soluble pods packaging leads to transfer of cost burden to the packaging end-users. This makes the end-users switch to alternate packaging such as pouch packaging. Ordinary plastic films are also relatively cheaper than PVA films which hurts the growth of the water-soluble pods packaging market.
Market TrendsRising demand for single dose packaging Increasing preference for sustainable packaging Adoption of water-soluble films in food packaging
Key PlayersAicello Mitsubishi Chemical Mondi Sekisui Chemical
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Application
7. Customer Landscape
8. Geographic Landscape
9. Decision Framework
10. Drivers and Challenges
12. Vendor Landscape
13. Vendor Analysis
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/07/2018 12:12 PM/DISC: 12/07/2018 12:11 PM