The global sealant web film market is poised to reach a revenue of US$ 390.3 million in 2023, according to industry estimates. Forecasts by packaging experts suggest that sealant web film providers can anticipate an average Compound Annual Growth Rate (CAGR) of 3.7% up to 2033, projecting a market valuation of US$ 561.3 million by that year.
The United Kingdom’s sealant web film market is expected to witness steady growth, with an estimated Compound Annual Growth Rate (CAGR) of 3.8% projected through 2033. Several factors contribute to this market’s expansion in the United Kingdom.
Firstly, there is an increasing demand for sealant web films in the context of food packaging. These films are known for their durability and resistance to contamination and spoilage, making them a reliable choice for protecting food products. As consumers become more conscious of food safety and quality, sealant web films serve as a crucial solution in maintaining the integrity of packaged goods.
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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Sealant Web Films Market: 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.
The Role of Sealant Web Film in Packaging
Packaging plays a crucial role in preserving the quality and extending the shelf life of products. Sealant web films have become integral to the packaging industry, revolutionizing the way products are stored and transported. These films are extensively used in:
- Food Packaging: Sealant web films act as a protective barrier, safeguarding food items from contaminants, moisture, and oxygen. They maintain the freshness and flavor of perishable products, ensuring longer shelf life.
- Pharmaceutical Packaging: In the pharmaceutical sector, sealant web films are utilized to maintain the integrity and stability of medicines. They provide a sterile and tamper-evident seal, preventing the ingress of moisture and UV light.
- Industrial Packaging: Industrial products, such as chemicals and electronic components, require robust packaging to prevent damage during transit. Sealant web films offer excellent adhesion and puncture resistance, ensuring the safe transportation of goods.
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.
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Sealant Web Film Market by Category
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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