An Incisive, In-depth Analysis on the Sealant Web Films Market
This study offers a comprehensive, 360 degree analysis on the Sealant Web Films market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sealant Web Films market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Sealant Web Films Market Analysis: Appearance & Convenience of Stand-up Pouches Grabbing Consumer Attention
The global sealant web films market is anticipated to be valued nearly US$ 59.2 Bn in 2018 and is projected to expand at a CAGR of 4.1%, during the forecast period (2018 - 2028).
Sealant web films are specifically designed to be applied as a sealant layer for retort and non-retort pouches, bags, and other packaging materials. Sealant web films are used for monolayer and multi-layer packaging films which require high heat seal strength and seal through contamination performance. LDPE is widely used a sealant web films material for packaging solutions such as bags & pouches. The sealant web films are used in co-extruded films to provide high sealing capabilities and provides linear tear properties avoiding micro-perforating. The sealant web films of multilayer packaging should have a low melting point so that it can be heat-sealed easily. The sealant web films are used in the food & beverage packaging industry, hence the sealant web films are manufactured such that they do not react with food it contacts. The sealant web films are made up of materials like polyolefin, resulting in better performance of the whole co-extruded film. Sealant web films maintain the integrity of packaging and protect its contents from degradation and leakage. Sealant web films are usually innermost layers of the multi-layer packaging films, which enhance its performance by providing it high sealing strength.
Sealant Web Films Market: Key Findings
Barrier is not enough, sealing maintains integrity of packaging
To maintain freshness and protect the contents of packaged products from leakage, sealing is integral in the food packaging industry. This factor has resulted in the expansion of the sealant web films market. 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 packaging. Effective packaging requires quality and appropriate appearance, which is totally dependent on the manufacturer, giving a boost to sealant web films market. Stand-up pouches are introduced for this purpose, and slowly gained the attention of the consumers and brand owners, enhancing the value of the sealant web films market.
Stand-up pouches are dominating the packaging format in the retail sector & sealant web films market
- Stand-up pouches segment in sealant web films market is estimated to dominate during the forecast period, due to its consumer-appealing packaging format. Stand-up pouches are more convenient than cartons and containers. Also, there is a wide range of size options available, which ultimately results in more usage of sealant web films. Consumers prefer stand up pouches than any other format owing to their easy handling and re-usability, thus expanding the global sealant web films market.
- Pouches, which contain sealant web films in it, are used due to their value-added features like freshness, portability, on-the-go consumption, easy to open, and resealing ability among others.
The global sealant web films market has been segmented as per material type, thickness, application, and end use. On the basis of thickness type, the global sealant web films market has been segmented into less than 15 microns, 15-35 microns, 35-50 microns, and above 50 microns. There are number of layers in a single packaging film. Multiple layers increase the performance in terms of protection of the packaged product. The materials used in sealant web films affect the characteristics of the whole film, as an application of a sealant layer requires adhesive. Generally, ethylene derivatives are used for sealant web films such as low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), ethylene vinyl alcohol, ethylene vinyl acetate, including poly lactic acid, and polypropylene. Polypropylene is comparatively more heat resistant than polyethylene, which makes it suitable for sealant web films. Different thicknesses of sealant web films are chosen on the basis of their end use. These films are used for making bags and flat & stand-up pouches. It is the most lucrative segment of the global sealant web films market. The global sealant web films market is estimated to have a significant growth rate during the forecast period, as per the increment in the demand for convenient packaging solutions.
Sealant Web Films Market: Key Developments
Key manufacturers in the sealant web films market are coming up with new packaging solutions produced by using sealant web films.
Manufacturers like Plastic Suppliers Inc. and DIC Corporation are providing bio-based packaging solutions boosting the growth rate of global sealant web films market.
Key sealant web film market players such as Berry Global Group and Bemis Company Inc. are investing in research and development for sustainable growth of their businesses.
The stand-up pouch segment in the sealant web films market was valued at US$ 7,470.3 Mn in 2017 and is expected to expand at a CAGR of 5.6% over the forecast period 2018-2028. On the basis of material type, sealant web films market is expected to create an incremental opportunity of US$ 31,429.9 Mn, during the forecast period. The sealant web films market is expected to expand at a CAGR of 4.1%, implying a significant incremental opportunity for the global market. The Asia Pacific region is expected to expand at the highest CAGR among all other regions in the sealant web films market.
Sealant Web Films Market: Competitive Landscape
Berry Global Inc., Bemis company Inc., Jindal Poly films Ltd., Polifilm GmbH, DIC Corporation, Avery Dennison Corporation, Plastic Suppliers Inc., Dow DuPont Inc., Dai Nippon Printing Co., Ltd., and Toray Industries Inc.
Sealant Web Films Market: Report Synopsis
In this report, Future Market Insights (FMI) offers a 10-year forecast of the global sealant web films market between 2018 and 2028. In terms of value, the sealant web films market is expected to expand at a CAGR of 4.1% during the forecast period. The study reveals the dynamics of the sealant web films market in seven geographic regions along with an analysis for the current market environment and future scenario during the forecast period.
This Future Market Insights report studies the global sealant web films market for the period 2018–2028. The prime objective of this report is to offer insights and key market trends pertaining to the global sealant web films market that are gradually helping transform global businesses.
The market numbers have been assessed on the basis of consumption and weighted average pricing of sealant web films on the basis of sealant material type. The global sealant web films market report begins with the executive summary for various categories and their share in the sealant web films market. It is followed by the dynamics of the sealant web films market and an overview of the global sealant web films market, which includes FMI analysis of market drivers, restraints, and trends that are affecting growth of the sealant web films market. Furthermore, to understand the popularity of the sealant web films market segment, the attractiveness index and BPS analysis with elaborated insights on the same are provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the sealant web films market in each country and region, BPS and Y-o-Y growth analysis are provided.
The global sealant web films market is segmented as per sealant material type, thickness type, application, and end use. On the basis of sealant material type, the global sealant web films market is segmented as polyethylene, PLA, polypropylene, EVOH, and EVA. On the basis of sealant thickness type global sealant web films market is segmented as less than 15 microns, 15-35 microns, 35-50 microns, and above 50 microns. On the basis of application, the global sealant web films market is segmented as bags & pouches, which further includes flat and stand-up pouches. On the basis of end use, the global sealant web films market is segmented as food & beverages, pharmaceuticals, cosmetics & personal care, electrical & electronics, textile, and homecare products.
The next section of the report highlights the sealant web films market, by region, and provides the market outlook for 2018 – 2028. The study investigates the Y-o-Y growth regionally. The main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, the Middle East & Africa (MEA), and Japan. The report evaluates the present scenario and growth prospects of the regional sealant web films market for 2018 – 2028.
To ascertain the size of the sealant web films market in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the sealant web films market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the sealant web films market is expected to develop in the future. Given the characteristics of the sealant web films market, we triangulated the outcome on the basis of three different types of analysis - based on supply side, downstream industry demand, and the economic envelope. Additionally, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the sealant web films market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the sealant web films market and identify the right opportunities across the market.
The market segments for the global sealant web films market have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to the sealant web films market growth. This detailed level of information is important for identifying various key trends in the sealant web films market. Another key feature of this report is the analysis of key segments of sealant web films market in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the sealant web films market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.
To understand the key growth segments in terms of growth and adoption for sealant web films globally, Future Market Insights developed the sealant web films market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.
In the final section of the report on sealant web films market, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in total sealant web films market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the sealant web films marketplace.