The global sales cold seal plastic films Market are estimated to be worth USD 3.3 billion in 2021 and are anticipated to reach a value of USD 5.9 billion by 2031. Sales are projected to rise at a CAGR of 5.8% over the forecast period between 2021 and 2031. The revenue generated by cold seal plastic films in 2020 was USD 3.2 billion.
Increasing use of cold seal plastic films in packaging convenience food for easy of application and hermetic sealing with and without heat is gaining momentum. Change in consumer lifestyles, rising on the go food consumption and food and beverage sector growth boost the market. Innovations in film formulations and manufacturing processes are enhancing the performance of cold seal films, driving their adoption across various end-use industries.
Global Cold Seal Plastic Films Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 3.2 billion |
| Estimated Size, 2021 | USD 3.3 billion |
| Projected Size, 2031 | USD 5.9 billion |
| Value-based CAGR (2021 to 2031) | 5.8% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Compared to the usual packaging solutions, cold seal plastic films bestows an added advantage of carrying and storing two different products and also allows an extended shelf life as it provides a barrier to air, UV light and retains the moisture inside the package. The Cold Seal Plastic Films also provide a flexible packaging solution that reduces the production cost, transportation cost and also acquires less space and minimizes the damages.
Owing to the speedy urbanization and a healthy growth rate in the pharmaceutical, and food & beverages industry is boosting the growth rate of the cold seal plastic films market.
The main challenges faced by the vacuum chambers pouches market are the initial production cost that is high as compared to the other packaging production. The demand of the modified atmosphere packaging market might hamper the growth of the cold seal plastic films market as the packaging is not quite resistant to temperature once the seal is opened.
Principal Consultant
Consumer preference for lightweight, re-closable packaging, portable, moisture resistant, recyclable products is attracting the attention of customers towards the cold seal plastic films. This is creating various opportunities for the manufacturers to provide unique packaging solutions that will make the customers switch from conventional packaging options to vacuum packaging.
These attributes create a better growth opportunity for the cold seal plastic films in the pharmaceutical industry owing to the advantages provided by the cold seal plastic films of storing two different items together without affecting the other item stored and maintaining the freshness too.
According to the Ministry of Food Processing Industries India, the food processing sector has an annual growth of 8.12%. Owing to the demand for pre-processing packaged food across the world due to the change in lifestyle and buying patterns of consumers the cold seal plastic films market is expected to grow at a high pace in the Asia Pacific market specifically India and China.
The growing consumption and availability of frozen or pre-processed foods even in the rural areas are benefiting the vacuum chamber market to grow tremendously.
Key players are also looking for expansion of the business in the untapped market of the developing countries to attract customers and also benefits the business.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Key players in the Asia Pacific region of the Cold Seal Plastic Films Market are:
Explore Packaging Insights
View Reports
Cold Seal Plastic Films Market
