According
to the latest market report published by Transparency Market Research
titled “Reclosable
films Market: Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2018–2026”,
easy peel films segment by peel strength is anticipated to be the
highest contributors to the global
reclosable films market,
over the forecast period, 2018-2026. Globally, the revenue generated
from sales of reclosable films has been estimated to be over US$ 130
Mn in 2018, and is projected to expand at a CAGR of 7.8% during
forecast period 2018-2026.
The demand for reclosable lidding
has led to an increase in demand for reclosable films. Reclosable
films are used for packaging of food & beverages,
pharmaceuticals, personal care & home care, industrial &
other products. Moreover, demand for reclosable films in past few
years has increased rapidly, resulting in the consumption of flexible
reclosable packaging solutions.
Manufacturers
of innovative packaging solutions are catering to the demand of the
consumers by providing multi-align closures that offer consumer
convenience, easy reclosing and are combining with flexible as well
as rigid packaging formats that offer product access with full
perimeter reseal ability for products like food & beverages,
pharmaceuticals, personal care & home care and others.
The global reclosable films market
has witnessed high growth over past few years, due to increase in
consumption of flexible lidding. The global reclosable films market
has been segmented into material type, peel strength, packaging type,
thickness, end use industry and region. By material type,
polypropylene (PP) segment is projected to register highest CAGR of
8.4%, in terms of value, during the forecast period. However, by peel
strength, easy peel films segment is expected to expand at 1.5x of
its current value by the end of 2022. By packaging type, the trays
segment is expected to account for the largest share in the global
reclosable films market during the forecast period.
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Among geographic market segments,
Europe market for reclosable films is anticipated to lead the global
reclosable films market and North America reclosable films market is
projected to register a CAGR of 8.6%, during the forecast period.
The report provides detailed
competitive and company profiles of key participants operating in the
global reclosable films market. The companies that have been profiled
are - Coveris Holdings S.A., DowDuPont Inc., Korozo Ambalaj Sanayi Ve
Ticaret AS, Industria Termoplastica Pavese SpA, AS Estiko Plastar,
Stratex Group Limited, Parkside Flexibles (Europe) Limited, TCL
Packaging Ltd, Buergofol GmbH, Plastopil Hazorea Company Ltd, Bemis
Company, Inc., Berry Global Group, Inc., Sealed Air Corporation,
Mitsui Chemicals, Inc., Südpack Verpackungen GmbH + Co. KG, Schur
Flexibles Holding GesmbH, Termoplast srl, HFM Packaging, Ltd., Folian
GmbH, and Winpak Ltd.
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