According to FMI, the market for cold seal films is expected to accelerate with a value CAGR of 5.5% to 6.0% during the forecast period. The demand for cold seal films is expected to improve rapidly due to increasing application in the food packaging market. The overall market for cold seal films is projected to be optimistic and opportunistic for business.
Competitive Landscape
Global key players in the cold seal films market are
- Inteplast Group Corporation
- Kendall Packaging Corporation
- Constantia Flexibles International GmbH
- C-P Flexible Packaging
- CGP Coating
- Surface Guard Inc.
- Toray Plastics (America), Inc.
- Clifton Packaging Group Ltd.
- Manucor S.p.A.
- SIBUR
- Printpack.
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Cold Seal Films: Market Outlook
Cold seal films are metal or plastic films that are layered with adhesive on one side. Cold sealing is used as a substitute for conventional hydrothermal sealing with lesser treatment time, reduced cost of operation and energy conservation.
Cold seal films are widely utilized in the food industry to seal products to keep them protected from moisture, heat and dust. It also has ease like simpler opening features and attractive printing capacities. Due to varied applications in the food industry, cold seal films are projected to accelerate with a value CAGR of 5.5% to 6.0% in the global market.
What are the Key Trends Impacting the Cold Seal Films Market?
Technological advancements have enabled improved quality of sealing, better return on investment and faster sealing from cold seal film machines. Dynamic improvements in the types of equipment, digitization and continuous control on quality and process have not only made the process swifter but also improved the demand for cold seal films in the market.
In January 2020, ISRA VISION AG, a German-based manufacturer in machine technology and automation solution introduced cold seal film coatings with 100% inline inspection solutions to improve the printing and coating processes, giving a colossal boost to the cold seal films market.
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What is the Unique Selling Proposition for Cold Seal Films?
Cold seal films use pressure instead of heat to seal the packaging which not only makes it ideal for frozen food and dairy packaging but also most of the product packaging in the food industry. Cold seal films applications include packaging for confectionery, chocolate, bakery products, dairy products, pet food, and ready to eat food among many others in the food industry.
The unique selling proposition for cold seal films is that they can easily seal to themselves. When cold seal film comes in contact with another cold seal film, a bind is created using digital pressure that helps the product to be sealed.
What is the Repercussion of the Pandemic on the Growth of the Cold Seal Films Market?
COVID-19 not only led to delay in transportation of raw materials but also resulted in factory shutdowns, unavailable of labour and increase in production costs which acted fatal for the cold seal market. However, elevated consumption in the food industry helped to keep the cold seal films market afloat. Also with growing recovery rate and reopening of manufacturing plants, the market is projected to witness traction in later part of 2021.
Key Segments of Cold Seal Films Market Covered in the Report
On the Basis of Material Type:
- PP (Polypropylene)
- BOPP (Biaxial oriented polypropylene)
- CPP (Cast polypropylene)
- Polyester (PET)
- BoPET (Biaxially-oriented polyethylene terephthalate)
- Polyethylene(PE)
- Metal
- Aluminium
- Stainless steel
On the Basis of Printing Type:
- Rotogravure
- Flexography
- Digital printing
- Others
On the Basis of Application:
- Bags
- Wraps
- Pouches
- Rollstocks
- Others (stick packs and sachets, etc.)
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