Global Reclosable Films Market, By Packaging Type (Cups, Trays, Pouches, Bags), Material Type (Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Pressure Sensitive Adhesives (PSA), Others), Peel Strength (Cups Easy Peel Films, Medium Peel Films), Thickness (Up to 100 Micron, 100 - 200 Micron, Above 200 Micron), End-Use Industry (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Reclosable Films Market
The reclosable films market will reach at an estimated value of USD 199.25 million and grow at a rate of 7.40% for the forecast period of 2021 to 2028. Escalating popularity of reclosable lidding is an essential factor driving the reclosable films market.
Reclosable films are defined as the plastic films composed of different plastic materials such as polypropylene, polyethylene, polyester among others and are used for packaging of medical, food and pharmaceutical, personal care, and other products. Reclosable films are the type of films which are becoming popular among the end-users, due to the beneficial product feature of multi-align closure facilitating easy re-sealing and user- convenience. The product has exhibited the best combination of flexible as well as rigid packaging and are also available in numerous thicknesses.
Rise in the demand for reclosable films in numerous applications such as food, cosmetics, and personal care products is the major factor escalating the market growth, also increasing disposable income, rise in the change in lifestyle, rise in the demand for specialty films and high-barrier films, rise in consumption of flexible lidding and rise in the massive use of reclosable lidding films by food packaging firms to print the packaging surface for brand promotion are the major factors among others propelling the growth of reclosable films market. Moreover, rising research and development activities in the market and rise in the demand from the emerging economies will further create new opportunities for the reclosable films market in the in the forecast period of 2021- 2028.
However, rise in the stringent rules and regulations by government of various countries across the globe pertaining to environmental concerns is the major factor among others restraining the market growth, and will further challenge the growth of reclosable films market.
This reclosable films market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on reclosable films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Reclosable Films Market Scope and Market Size
The reclosable films market is segmented on the basis of packaging type, material type, peel strength, thickness and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of packaging type, the reclosable films market is segmented into cups, trays, pouches and bags.
- Based on material type, the reclosable films market is segmented into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), pressure sensitive adhesives (PSA) and others. Others have been further segmented into PS, PVC, PA and EVOH.
- Based on peel strength, the reclosable films market is segmented into cups easy peel films and medium peel films.
- Based on thickness, the reclosable films market is segmented into Up to 100 micron, 100 - 200 micron and above 200 micron.
- The reclosable films market is also segmented on the basis of end-use industry into food & beverages, pharmaceuticals, personal care & cosmetics and others. Food and beverages have been further segmented into frozen food, ready-to-eat food, meat, poultry, sea food, dairy products, bakery & confectionery, beverages and others.
Reclosable Films Market Country Level Analysis
The reclosable films market is analysed and market size, volume information is provided by packaging type, material type, peel strength, thickness and end-use as referenced above.
The countries covered in the reclosable films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates reclosable films market due to rise in the demand for reclosable films due to various properties such as lightweight, excellent elasticity, safety, high transparency and cost-effectiveness, increasing disposable income and rise in the change in lifestyle in this region. North America is the expected region in terms of growth in reclosable films market due to increase in the demand for reclosable films in numerous applications such as food, cosmetics, and personal care products in this region.
The country section of the reclosable films market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Reclosable Films Market Share Analysis
The reclosable films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to reclosable films market.
The major players covered in the reclosable films market report are Dow, Korozo Ambalaj Sanayi Ve Ticaret AS, WINPAK LTD, SÜDPACK, Buergofol GmbH, PLASTOPIL, Berry Global Inc., Schur Flexibles Holding GesmbH, TCL Packaging, Sealed Air, Coveris, ITP Spa, AS Estiko Plastar, Parkside Flexibles Ltd, Bemis Company, Inc., Mitsui Chemicals, Inc., SÜDPACK Verpackungen and HFM PPC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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