Sealant Web Film Market

Sealant Web Film Market Outlook for 2023 to 2033

The global sealant web film market share is estimated to clock a revenue of USD 390.3 million in 2023. Our packaging domain experts opine that sealant web film providers can expect an average CAGR of 3.7% through 2033, with a forecast valuation of USD 561.3 million by 2033.

Attributes	Details
Sealant Web Film Market Size, 2022	USD 376.4 million
Sealant Web Film Market Size, 2023	USD 390.3 million
Sealant Web Film Market Size, 2033	USD 561.3 million
Value CAGR (2023 to 2033)	3.7%

Key Trends in the Sealant Web Film Market:

• On-the-go lifestyles and heightened health consciousness among urban consumers are propelling their inclination toward convenient, easy-to-use, and-store food for extended durations. Since sealant web films are FDA-compliant and can be used in microwaves and ovens, they are finding extensive utilization in food packaging.
• Increasing concerns over environmental safety are creating a positive outlook for biodegradable packaging. Key players are focusing on developing bio-based and biodegradable food packaging as a substitute for plastics. New developments in bio-based sealant web films have high-barrier properties against oxygen, moisture, and UV rays. Therefore, increasing demand for sustainable sealant web films is predicted to elevate the market scope.
• Leading players are launching new manufacturing processes to enhance the quality and performance of sealant web films. For instance, Amcor has created a new manufacturing process for these films to slash the waste it generates.

Historical Growth of the Sealant Web Film Market Vs. Forecast Outlook

Attributes	Details
Sealant Web Film Market Size (2018)	USD 334.1 million
Sealant Web Film Market Size (2022)	USD 376.4 million

The market valuation of sealant web film appreciated from USD 334.1 million in 2018 to USD 376.4 million in 2022. Over the forecast period, the market is anticipated to expand at a CAGR of 3.7% to achieve USD 561.3 million by 2033. Leading factors that are propelling market growth include:

• Increasing demand for food products with higher shelf life and product purity and integrity intact are creating demand for sealant web films.
• Booming eCommerce is enhancing the usage prospects of sealant web films. These are required to seal the package and provide excellent barrier properties so that the products do not degrade or leak during transmission.
• Key players in the market are offering customized sealant web film solutions to meet the demands of different industries.
• Inventions in packaging solutions like zip-lock and standup pouches are another factor propelling sales of sealant web films.

Category-wise Insights

Polyethylene to Capture Large Portion of Sealant Web Film Market

Polyethylene is a significantly preferred sealant material for sealant web films. Since the material offers a strong and durable seal that restricts the inflow and outflow of moisture, it is utilized in numerous food packaging applications like cereal bags, bread bags, and frozen food packaging.

Segment	Polyethylene
Market Share % (2023)	77.1%

The material used in medical packaging applications offers a sterile and safe environment for medical products. The material also finds application in industrial packaging like pallet wrapping and shipping bags that protect the products from damage. Due to its versatility and cost-effectiveness, the material finds applications in several industries.

Food and Beverages to Account for a Considerable Market Share

The food and beverage segment is expected to obtain a 42.4% market share in 2023. Sealant web films are significantly utilized in food and beverage packaging as they protect the food from contamination, thus ensuring food quality and safety.

Segment	Food and Beverages
Market Share % (2023)	42.4%

These films are used to develop tamper-evident seals on food and beverage packaging to ensure that the product is fit for consumption. These seals are also utilized to develop eye-catching food and beverage packaging to boost brand awareness. Surging demand for packaged and ready-to-eat meals is expected to benefit the sales of sealant web films over the forecast period.

Country-wise Insights

Surfacing Demand for Sustainable Packaging Solutions to Propel Market Growth in Canada

The Canada sealant web film market is anticipated to register a CAGR of 3.2% through 2033. The market is expected to be driven by the following factors:

• Emerging trend of sustainable packaging solutions is creating a positive outlook for the sales of sealant web films as they are being developed using sustainable materials like bio-based and recycled plastics. Thus boosting their popularity among Canadian businesses and consumers.
• Rising demand for this material in numerous packaging applications like flexible packaging for pharmaceuticals, food, and beverages packaging. For instance, sealant web films are deployed to develop an inner layer of flexible packaging for food and beverages. This layer is instrumental in the protection of food from moisture as well as other contaminants.
• Increasing key players' count is accelerating their country's production capacity, thus propelling regional growth.

Country	Canada
Forecast CAGR % (2023 to 2033)	3.2%

India to Exhibit High Growth for Sealant Web Films

The India sealant web film market is predicted to expand at a CAGR of 6.2% through 2033. Key factors that are augmenting the adoption of sealant web films in India are as follows:

• Flourishing packaging industry in the economy, backed by the eCommerce boom, is augmenting the demand for sealant web films, especially for food and beverage packaging, where it is used for dairy products, essential food products, shelf-stable foods, and grocery retails.
• An increase in online shoppers and a rising count of supermarkets and shopping malls in the country are enhancing the accessibility of sealant web film, thus contributing to its market growth.

Country	India
Forecast CAGR % (2023 to 2033)	6.2%

Upsurge in the Construction Sector in China Propelling Growth

The sealant web film market in China is projected to register a CAGR of 5.6% through 2033. Given below are the factors that are yielding sales of sealant web film in China:

• Surging demand from different end-use industries like automotive, packaging, and pharmaceutical is propelling the sales of sealant web films.
• Rising government investment in infrastructure development is augmenting the demand for sealant web films in the building and construction sector.
• Technological advancements by leading manufacturers in the country are propelling growth in the sealant web film market.

Country	China
Forecast CAGR % (2023 to 2033)	5.6%

Market Scope of Sealant Web Films in Thailand

The Thailand sealant web film market is anticipated to record a CAGR of 5.1% through 2033. The following factors are bolstering the adoption of sealant web films in Thailand:

• Surging incentives by the Thai government to contribute to the growth of the automotive and construction sectors are creating remunerative prospects for the sealant web films industry in Thailand.
• Increasing cognizance about the benefits of sealant web films over traditional sealants, like weather resistance, durability, and better adhesion, is propelling its usage in multiple end-use industries.

Country	Thailand
Forecast CAGR % (2023 to 2033)	5.1%

The Move Toward a Circular Economy is Propelling Demand in the United Kingdom

The United Kingdom sealant web film market is estimated to record a CAGR of 3.8% through 2033. The following factors facilitate the market growth in the United Kingdom:

• Increasing demand for sealant web films in food packaging as they are less disposed to be contaminated and spoiled.
• The rising popularity of the concept of circular economy and organic recycling in food packaging is propelling the adoption of sealant web films in the country.

Country	The United Kingdom
Forecast CAGR % (2023 to 2033)	3.8%

Key Steps of Sealant Web Film Providers to Gain More Ground in the Market

The global market is fragmented, with regional and international players vying for a larger market share. Players compete for product price, quality, innovation, and customer service. Additionally, to keep up with the latest consumer trends, market players are developing more sustainable packaging solutions to assist their customers in meeting their sustainability goals.

Market participants are expanding their footprint in emerging economies of Latin America and Asia Pacific as these regions display heightened demand for sealant web films due to inflating disposable incomes and increasing population density. Moreover, key providers of sealant web films are making technological upgrades through product development, the launch of new manufacturing processes, etc., to enhance sealant web films' quality and performance.

Leading players in the market are expected to focus on capturing new markets and product innovation. In contrast, new entrants are predicted to lead with an effective marketing strategy and a strong product portfolio.

Key Developments in the Sealant Web Film Market:

• Earthfirst Biopolymer Films by PSI, in July 2021, introduced industrial and home compostable overwrap films. The Earthfirst films are high-performing and sustainable. The bio-based materials cater to an expanding demand for eco-friendly films that have a more positive environmental impact than petroleum-based films.
• Berry Global Inc., in April 2021, officially reported investing over USD 70 million in consumer packaging films in applications like food and beverage, eCommerce, etc.
• Avery Dennison Corporation, in March 2022, introduced a new digital print and laminate films for versatility, easy installation, and sharp print performance to develop durable inspirations on walls and vehicles.

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD million for Value and ‘000 Tonnes for Volume
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; The Middle East and Africa (MEA)
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, Italy, France, the United Kingdom, Spain, Poland, Russia, GCC Countries, South Africa, China, and India
Key Segments Covered	Sealant Material, Thickness, Application, End Use, and Region
Key Companies Profiled	Avery Dennison Corporation; Berry Global Inc.; Toray Industries, Inc.; Polyfilm Group; DIC Corporation; Plastic Suppliers, Inc.; Jindal Poly Films Ltd; DuPont de Nemours, Inc.; Cosmo Films Ltd.; Dai Nippon Printing Co., Ltd.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization and Pricing	Available upon Request

Key Players in the Sealant Web Film Market

• Avery Dennison Corporation
• Berry Global Inc.
• Toray Industries, Inc.
• Polyfilm Group
• DIC Corporation
• Plastic Suppliers, Inc.
• Jindal Poly Films Ltd
• DuPont de Nemours, Inc.
• Cosmo Films Ltd.
• Dai Nippon Printing Co., Ltd.

Sealant Web Film Market by Category

By Sealant Material:

• Polyethylene
  • LDPE
  • LLDPE
• PLA
• Polypropylene
• EVOH
• EVA

By Thickness:

• Up to 15 Microns
• 16 to 35 Microns
• 36 to 50 Microns
• More than 51 Microns

By Application:

• Bags
• Pouches
  • Flat Pouches
  • Standup Pouches

By End Use:

• Food and Beverage
• Pharmaceuticals
• Cosmetics and Personal Care
• Electronics and Electricals
• Textile
• Homecare Products

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Except Japan
• Japan
• The Middle East and Africa

Frequently Asked Questions

How Big is the Sealant Web Film Market?

The sealant web film market to be worth USD 390.3 million in 2023.

What is the Growth Potential of Sealant Web Film?

The market is predicted to expand at a CAGR of 3.7% through 2033.

What is the Future of the Sealant Web Film Market?

The market is anticipated to account for USD 561.3 million by 2033.

Which Countries Offer High Growth Prospects for Sealant Web Films?

China and India are predicted to provide high growth opportunities.

Which Material Type is in High Demand?

Polyethylene finds extensive application among end users.