The sealant web films market is anticipated to reach USD 473 Million by 2028, at a CAGR of 3.9% from 2022 to 2028, from an estimated USD 376 Million in 2022.
The market analysis of sealant web films reveals that in 2022, the total amount of sealant web films consumed worldwide is anticipated to rise at a rate of 4.4% YoY. The market for pouches in the global market for sealant web films is anticipated to develop by 4.5% over the course of the forecast period, and the food and beverage industry is anticipated to generate an additional opportunity worth US$113 million.
Sealant Web Films Market: Analysis & Forecast
Multilayer packaging films have benefits over mono-layer packaging ones due to their efficiency and durability during transportation. Sealant web films are used for both, to laminate a packaged product and to make bags & pouches from it. Sealant web films with multilayer packaging should have low melting point so that they can be heat-sealed easily.
Sealant web films are used in the food & beverage packaging industry. Hence, sealant web films that do not react with food are especially manufactured. Sealant web films are made up of heat sealable materials like polyolefin, resulting into a better performance of the multi-layer film.
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Sealant web films maintain integrity of packaging and protect its contents from leakage and degradation. Sealant web films are usually used in the inner-most layers of packaging films to enhance their performance and sealing strength. Barrier protection is a necessary factor for maintaining the aroma & flavor of food, but it is much more beneficial to add sealant web films in co-extruded films or to laminate the packaged product with them.
Introduction of varieties such as metallized films and bio-based films in sealant web films are Changing preferences of brand owners and manufacturers. Sealant web films, when metallized, have converted a 3-ply structure of a film into 2-ply structure which is a crucial factor in technical specifications of a product.
How Increase in Demand for Ready-to-Eat Meal, Packaged and Processed Food to Bolster the Sealant Web Films Market?
Today’s customers lead busy, on-the-go lifestyles, and have become increasingly health-conscious, thus the customers prefer products that are convenient, easy to use and, store the food for more number of days. The sealable films can withstand any temperature and are suitable for ovens and microwave.
These films are FDA compliant, thus there won’t be any negative repercussions if there is direct or indirect contact with the food. Due to this, the demand for film laminate will also increase, helping the global sealant web films market to grow by leaps and bound.
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Sealant Web Films Market Competitive Landscape
The key manufacturers operating in the sealant web films market are trying to focus on innovative product launch, merger and acquisition, expansion due to the increasing demand from food and beverage sectors and are actively focusing on sustainability.
- In July 2021, Plastic Suppliers, Inc. launches Earthfirst® Biopolymer Films compostable, differential sealing temperature overwrap films.
- In April 2021, Berry Global Inc., announced an investment of more than $70 million to in consumer packaging films for e-commerce, food, and beverage applications to support continued growth.
Key Companies Profiled
- Avery Dennison Corporation
- Berry Global Inc.
- Toray Industries, Inc.
- Polyfilm Group
- DIC Corporation
- Plastic Suppliers, Inc.
- Jindal Poly films Ltd
- DuPont de Nemours, Inc.
- Cosmo Films Ltd.
- Dai Nippon Printing Co., Ltd.
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Sealant Web Films Market by Category
By sealant material, sealant web films market is segmented as:
- Polyethylene
- LDPE
- LLDPE
- PLA
- Polypropylene
- EVOH
- EVA
By thickness, sealant web films market is segmented as:
- Up to 15 Microns
- 16-35 Microns
- 36-50 Microns
- More than 51 Microns
By application, sealant web films market is segmented as:
- Bags
- Pouches
- Flat Pouches
- Standup Pouches
By end use, sealant web films market is segmented as:
- Food & Beverage
- Pharmaceuticals
- Cosmetics & Personal Care
- Electronics & Electricals
- Textile
- Homecare Products
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