The global easy peel film packaging market is estimated to reach USD 1.9 billion in 2024. It is anticipated to grow at a CAGR of 2.9% during the assessment period and reach a value of USD 2.5 billion by 2034.
| Attributes | Description |
|---|---|
| Estimated Global Easy Peel Film Packaging Market Size (2024E) | USD 1.9 billion |
| Projected Global Easy Peel Film Packaging Market Value (2034F) | USD 2.5 billion |
| Value-based CAGR (2024 to 2034) | 2.9% |
Easy peel films are used majorly in the handling of meat. Packaging involving easy peels provides consumers the opportunity to store meat in suitable places more securely.
Easy peels also provide them the opportunity to buy greater quantities of meat. With the meat, poultry, and seafood packaging market estimated to go beyond USD 13 billion by 2034, there are ample opportunities present for easy-peel film packaging manufacturers in the meat and seafood sector.
Growing urbanization and the rising middle class are leading to hectic lifestyles. Hence, consumers do not have time for elaborate meals and resort to convenience in the form of packaged foods. Demand for packaged food is set to reach nearly USD 65 billion by 2034.
The need for convenience is not relegated to the eating process itself but also the opening and storing of packaged foods. Easy peel films offer a convenient solution to consumers, making them popular among working professionals.
Manufacturers are improving the safety of films with peels. Recent times have seen greater production of thinner and stronger films. Manufacturers have also invested in making moisture-resistant easy peel films. The peelabilty of the films is also improving, making the peeling process even easier for consumers. For instance, Novacel uses water-based glue in its films.
Easy film manufacturers are also a part of the sustainability wave. While plastic has been traditionally used in the making of these films and continues growing, eco-friendly materials are also being sought, for instance, Thermoplastic Elastomer (TPE) compounds. Another potential growth factor for manufacturers is smart easy peel films, equipped with sensors and trackers.
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The table exhibits the estimated CAGR for the global easy peel film packaging market over semi-annual periods ranging between 2023 and 2024. The analysis provides organizations with a better understanding of the growth over the year by divulging crucial shifts in performance and growth patterns. The first half (H1) of 2023 spans from January to June. The second half or H2 includes July to December.
Figures presented in the below table exhibit the growth rate for each half from 2023 to 2024. The market is anticipated to grow at a CAGR of 2.7% in the first half (H1) of 2023. The second half of the same year is estimated to witness a surge in the CAGR at 3.1%.
| Particular | Value CAGR |
|---|---|
| H1 | 2.7% (2023 to 2033) |
| H2 | 3.1% (2023 to 2033) |
| H1 | 3% (2024 to 2034) |
| H2 | 2.7% (2024 to 2034) |
Moving on to the following period, from 2024 to 2034, the CAGR is projected to be 3% in the first half (H1). However, there is set to be a significant dip in the second period, as the CAGR declines to 2.7%.
Trend of Customizable Easy Peel Films in Packaging to Propel Sales
Stakeholders are aware that packaging’s function is no longer limited to just storage. Easy peel film manufacturers are also conscious of the films’ ability for branding purposes. Thus, the production of customizable easy peel films is increasing. Customizable easy peel films are especially common among competitors trying to distinguish themselves, for instance, Tilak Polypack.
Peeling Into New Industries: Non-food Uses of Easy Peel Films in Pharma, Food, and Personal Care
While food remains the prime end use sector for the films, non-food usage is also on the up. Pharmaceuticals and electronics are two notable end use industries, where easy peel film packaging is becoming more common.
However, it is the personal care industry that is rife with opportunities for stakeholders. Easy peel films are suitable for tabs, powders, and liquids. Hence, more cosmetic sector players are taking the route of easy peel films.
Manufacturing Costs and Environmental Impact: Factors Hindering Progress
While easy peel films are convenient solutions for end-users, their manufacturing cost is high. Having films with easily openable peels requires precision, increasing the cost of equipment for manufacturers. Hence, the production of easy peel films is not in full swing among cost-conscious manufacturers.
While there has been more of a drive to integrate biodegradable and recyclable materials in these films, plastic remains the primary material in use. Customers are averse to the use of plastic due to its environmental impact. Hence, the eco-conscious crowd is hesitant about buying products in easy peel film packaging.
Principal Consultant
The global easy peel film packaging industry was valued at USD 1.7 billion in 2019. It grew at a CAGR of 2.7% during the historical period to reach a size of USD 1.8 billion in 2023.
Sustainability continued to be a key concern for market players in the historical period. As sanctions on non-recyclable material arose, manufacturers made sustainability a prime consideration. Manufacturers also focused on making the peels more consumer-friendly as well as safe.
For instance, in March 2021, UFlex introduced a transparent BOPET film with a water-based solution. Featuring an easily peelable film, the product is also recyclable. Another earlier instance was KM Packaging launching lidding films made with polypropylene (PP) in September 2020. Again, the films are easily peelable and recyclable.
Notable tier 1 companies include Amcor plc, Evonik Industries AG, and Berry Global Inc. The advanced technology of these companies is the ace up their sleeve, offering products to end-users that are far more efficient than players of other tiers. They also possess strong distribution networks, allowing for greater geographical expansion. Sustainability is another key consideration for tier 1 companies.
Tier 2 companies do not possess the financial acumen of tier 1 companies but have still carved out a niche for themselves in the market. A prominent part of their strategy is offering customized peel solutions. Tier 2 companies share a focus with tier 1 companies regarding sustainability. Prominent tier 2 companies include Mondi Group and Clondalkin Group Holdings B.V.
Tier 3 companies differentiate themselves by focusing on regional markets and offering niche products. They also explore new materials that help them further stand out from the crowd.
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The below section provides companies with an overview of the industry. It comprises a detailed analysis of the emerging trends and opportunities on a country-by-country basis. This country-specific examination of the industry dynamics is estimated to help businesses understand the industry's complex nature.
India is estimated to dominate the country-wise growth in the industry during the forecast period with a predicted CAGR of 6.5%. China, Thailand, and South Korea are projected to follow behind India as key countries in the industry with anticipated CAGRs of 4.7%, 4.2%, and 2.3% respectively.
| Countries | CAGR 2024 to 2034 |
|---|---|
| India | 6.5% |
| China | 4.7% |
| Thailand | 4.2% |
| United States | 1.7% |
| United Kingdom | 1.5% |
India is poised to emerge as the dominating player in the easy peel film packaging market over the assessment period, registering growth at a CAGR of 6.5%.
The packaging sector has become as one of the key focus areas for the Indian government. As part of its development initiatives, packaging is recognized as one of the areas that will lead the country to development.
In this conducive environment, Indian packaging companies are witnessing lucrative opportunities. For instance, UFlex Limited is maintaining its dominant position as a key manufacturer in India. The company is focusing on producing easy peel films for PS Kona WB Coffee. This highlights the growing opportunities for manufacturers in India.
The easy peel film packaging market in the United States is estimated to grow at a CAGR of 1.7% from 2024 to 2034.
The packaging sector is going through an eco-friendly revolution in the United States. On the back of growing preference for green packaging and mounting regulatory restrictions, manufacturers are turning toward eco-friendly packaging at a noticeable rate.
Easy peels are compatible with eco-friendly packaging and hence American manufacturers are incorporating them widely. For example, Ethos Seafood Group turned its seafood packaging wholly recyclable in 2020. Developed in collaboration with MULTIVAC, even the peel is recyclable.
The United Kingdom easy peel film packaging market is anticipated to grow at a CAGR of 1.5% during the forecast period.
Meat production and packaging are esteemed businesses in the United Kingdom. The production of meat for commercial purposes is only increasing in the country. For instance, according to HM Revenue & Customs, the United Kingdom exported 260,000 tonnes of red meat from January to June 2024, up 2% from the previous year for the same time period.
As such, there is also increased demand for meat packaging, including easy peel films. Local supermarket chain Sainsbury’s as well as the British business of German supermarket chain Lidl have both recently made the switch to vacuum packed easy peel films for their meat.
The section offers companies with insightful data and analysis of the two leading segments. Segmentation of these categories is predicted to help organizations understand the dynamics of the industry and invest in beneficial zones.
Polyethylene (PE) is predicted to emerge as a dominating material with a value share of 27.1% in 2024. Easy peel film packaging is majorly used in the food industry and food end use is estimated to lead with a 42.9% market share in 2024.
| Segment | Polyethylene (PE) (Material) |
|---|---|
| Value Share (2024) | 27.1% |
Polyethylene (PE) is set to hold 27.1% of the market share in 2024. Polyethylene’s importance in the packaging sector is rising as it is known for its durability. The material is also common in food packaging. With easy peel films used predominantly for film packaging, manufacturers are drawn to polyethylene.
Polyethylene is renowned for its toughness, a major reason for its predominance among manufacturers. The material is also flexible, helping the packaging to take on the characteristics of the materials underneath. Despite the seal of safety, polyethylene-films are still easy to open with hands. Polyethylene films are also highly printable, allowing for better customization and branding for end-users. These qualities see manufacturers use the material for both the sealing and peelable layers.
| Segment | Food (End Use) |
|---|---|
| Value Share (2024) | 42.9% |
The food sector is estimated to account for 42.9% of the market share in 2024. Easy peel films provide a safeguard against outside factors to the food in the packaging. However, the durability of the material does not mean convenience is sacrificed. Easy peel films are convenient to open with hands, not requiring customers to resort to scissors. Hence, food sector players opt for easy peel films.
Easy peel films also serve as a visual test for tampering. If the seal is already peeled or broken, it stands as evidence of the food being tampered with, allowing retailers and consumers to easily identify defective products.
Technological progression is one of the cornerstones of players’ policies in the easy peel film packaging market, especially for giants. Thus, a significant amount of resources are invested in research and development. Through the means of advanced technology, manufacturers aim to make the peeling technology even easier, providing a smoother experience to customers.
Another way manufacturers look for superior technology is through collaborations. By marrying together the technological divisions of two different enterprises, packaging with superior peel performances is produced. Acquisitions are also undertaken to increase technological capability as well as for geographical expansion.
Industry Updates
The market encompasses various materials, including polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polyamide (PA), polyethylene terephthalate (PET), ethylene vinyl alcohol (EVOH), and aluminum.
The applications for easy peel film packaging include cups, trays, cans & bottles, and jars.
The end use segments of the easy peel film packaging market include food, beverages, pharmaceuticals, personal care & cosmetics, and other industrial end use.
The industry is spread across North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
The market is estimated to reach USD 1.9 billion in 2024.
The market is predicted to reach a size of USD 2.5 billion by 2034.
Amcor plc, Evonik Industries AG, and Berry Global Group Inc. are some of the key manufacturers.
It is predicted to witness a CAGR of 2.9% during the forecast period.
India is projected to dominate with a CAGR of 6.5% during the assessment period.
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