Analysis of Peelable and Resealable Films market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Keeping perishable goods fresh for an extended period of duration is one of the prime concerns across all major industries. The search for sustainable and user-friendly packing options for the last few decades in the packaging industry have led to a wide range of peelable and resealable film packages. Most of the packages primarily include adhesive tapes and zips. In the recent times, companies have started utilizing Hot Melt Pressure Sensitive Adhesive (HMPSA) to implement this peelable and resealable feature in the packaging industry, which is estimated to further propel the peelable and resealable films market.
The large-scale implementation of HMPSA in a transitional layer of peelable and resealable films packaging offers great importance for the user as well as packaging manufacturers. The introduction of modern manufacturing techniques in the peelable and resealable films packaging industry has led to a reduction in the material utilization for peelable and resealable films, which has lowered the adverse environmental impact of the final packaged product.
In developed economies such as US, Canada, Germany and Japan, implementation on material reduction by the manufacturers and government regulatory for manufacturing of peelable and resealable films will also impact the taxes related to the weight of the material used for peelable and resealable films. The main advantage of the peelable and resealable films, according to the consumers, is the ease and convenience for the package. All these major factors have together contributed towards the expansion of peelable and resealable films market.
In terms of regional demand, Europe leads the market for peelable and resealable films, owing to the rise in the consumer hygiene and storage preference regarding perishable products and convenience to utilize peelable and resealable film packages in the region. However, North American and Asia Pacific countries are projected to witness high growth rate over the forecast period due to the rise in disposable income and change in the consumer preference for conventional sealing and packing of the product. This factor is highly anticipated to propel the peelable and resealable films market in the region. The Middle East and African peelable and resealable films market are expected to witness substantial growth over the forecast period.
The peelable and resealable films market is dominated by few top packaging players with vast global presence and unique peelable and resealable films solutions such as Rockwell Solutions Limited (Sappi Group), Lindamar Industries, Toray Plastics, Inc., Bemis Company, Inc., NatureWorks LLC., Amcor limited, 3M Company, Südpack Verpackungen GmbH & Co. KG and E.I.du Pont de Nemours and Company.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
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Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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The peelable and resealable films market size is currently valued at USD 0.73 billion.
The size of the peelable and resealable films market is likely to expand at a 6.7% CAGR during the forecast period.
The Asia Pacific region is likely to lead the peelable and resealable films market.
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