The global sealant web film market share is projected to clock a revenue of US$ 390.3 million in 2023. Our packaging domain experts opine that sealant web film providers can expect an average CAGR of 3.7% through 2033, with a forecast valuation of US$ 561.3 million by 2033.
According to industry insights, sealant web film providers can anticipate reaching a valuation of US$ 561.3 million by 2033. This outlook emphasizes the sustained demand for sealant web films in the packaging sector, driven by factors such as product protection, enhanced shelf life, and advancements in film technologies, reinforcing their integral role in meeting evolving packaging requirements over the next decade.
Primarily, there is a growing demand for sealant web films in the realm of food packaging. Renowned for their durability and resistance to contamination and spoilage, these films emerge as a dependable choice for safeguarding food products. As consumers increasingly prioritize food safety and quality, sealant web films play a crucial role in preserving the integrity of packaged goods.
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Additionally, the rising popularity of the circular economy and organic recycling in food packaging is a significant driver. The concept of reducing waste and reusing materials aligns with sustainability efforts and environmental awareness. Sealant web films play a role in this by offering recyclable and sustainable packaging options, which are becoming increasingly favored in the United Kingdom. This shift towards eco-friendly and circular practices is propelling the adoption of sealant web films in the country, contributing to their market growth.
According to the European Bioplastics, organic recycling and circular economy in food packaging are the most sustainable packaging solution for the future. The food packaging industry is growing in Germany rapidly due to the rising demand for readymade and convenient food products. The sealant web films are very less susceptible to contamination, pilferage, and spoilage.
The growing consumer’s preference towards health and hygiene has generated substantial demand for sealant web films in the country. In Germany, sustainable film food packaging consists of aspects of renewable raw material, recyclability, material reduction, and circular economy plays an important role in processes.
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Competitive Landscape
- Toray Industries Inc.,
- Berry Global Inc.,
- Plastic Suppliers Inc.,
- Jindal Poly films Ltd.,
- Polifilm GmbH,
- Bemis Company Inc.,
- DIC Corporation,
- Dai Nippon Printing Co., Ltd.,
- Dow DuPont Inc., and
- Avery Dennison Corporation.
Sealant Web Film 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 Segmentations:
By sealant material
- Polyethylene
- LDPE
- LLDPE
- PLA
- Polypropylene
- EVOH
- EVA
By thickness
- Up to 15 Microns
- 16-35 Microns
- 36-50 Microns
- More than 51 Microns
By application
- Bags
- Pouches
- Flat Pouches
- Standup Pouches
By end use
- Food & Beverage
- Pharmaceuticals
- Cosmetics & Personal Care
- Electronics & Electricals
- Textile
- Homecare Products
The sealant web film market is estimated to have high growth in the upcoming years due to a high requirement for sealing and an increment in the transportation of variety of products. Key manufacturers in the sealant web films market are coming up with innovative packaging solutions using sealant web films. Variety in stand-up pouches and other consumer convenient bags are introduced for consumer preferences.
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