The global sealant web film market share is estimated 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.
The sealant web film market is experiencing robust growth due to increasing demand from various end-use industries, including food and beverage, pharmaceuticals, and consumer goods.
Key drivers of this growth include advancements in packaging technologies, rising consumer preference for convenient and sustainable packaging solutions, and stringent regulations on food safety and quality. The versatility and efficiency of sealant web films in providing enhanced barrier properties, extended shelf life, and improved product safety are also contributing to their increasing adoption.
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Additionally, growing environmental awareness is driving demand for recyclable and eco-friendly packaging materials, further propelling the market. With continuous innovations and technological advancements, the sealant web film market is poised for significant expansion in the coming decade, meeting the evolving needs of industries and consumers alike.
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.
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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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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