The growing popularity of packaged and processed food items is anticipated to open up new avenue for the seal paper market

 

Seal Paper Market

Market Overview:

Seal paper, also known as sealing tape, is a type of pressure-sensitive film tape used to wrap and seal packaged items to extend their shelf life and provide tamper evidence. It is made up of materials such as polypropylene, polyethylene, and polyvinyl chloride coated with a pressure-sensitive adhesive. Seal paper is primarily used for sealing boxes and cartons in the food and beverage, pharmaceutical, consumer electronics, and other packaging industries. It helps maintain the freshness and quality of products by creating an impenetrable barrier against moisture, air, and bacteria. Some key properties offered by seal paper include resistance to tearing, UV light protection, transparency, smudge resistance, and adhesion strength.

Market Dynamics:
The growing demand for packaged and processed food owing to rapid urbanization and changing lifestyles is a major factor driving the seal paper market. Seal paper offers an efficient solution for sealing pre-packaged snack products, desserts, baked goods, coffee, and frozen food. In addition, rising pharmaceutical sales and stringent regulations regarding product safety and quality are also fueling the product demand from the healthcare sector. Moreover, e-commerce product shipments require secure tamper-proof packaging using seal paper tapes to ensure packages are intact upon delivery. Furthermore, growing need for durable and longer shelf-life packaging among electronics manufacturers is further augmenting the market growth. Product innovations including UV-blocking tapes and anti-counterfeit security films are also providing lucrative opportunities in the seal paper market.

The Global Seal Paper Market Demand is estimated to be valued at US$ 15.84 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The seal paper market is dominated by packaging seal paper segment which accounted for over 60% of the global market share in 2022. Packaging seal paper finds widespread application in sealing cartons, boxes and other packaging products during shipping and transportation. It provides an easy and cost-effective way to seal packages securely. Self-adhesive seal paper segment is also growing at a fast pace owing to increasing demand from e-commerce companies for packaging of products delivered to customers.

PEST Analysis
Political: The supportive government policies towards strengthening domestic industries and promoting sustainable packaging solutions are expected to drive demand for seal paper.
Economic: Rising economic activities, growing e-commerce sector and increasing disposable incomes are fueling market growth. However, high inflation may hamper market expansion to some extent.
Social: Changing consumer habits towards online shopping and rising focus on secure and tamper-proof packaging are augmenting consumption of seal paper.
Technological: Technological advancements are leading to development of seal papers with improved adhesion strength, moisture resistance and longer shelf-life which is appealing to industries.

Key Takeaways
The global seal paper market is expected to witness high growth, exhibiting a CAGR of 7.0% over the forecast period, due to increasing demand from packaging industry. The packaging segment accounts for a dominant share in seal paper consumption.

Regional analysis: Asia Pacific holds the major share in the seal paper market and is expected to continue its dominance during the forecast period, growing at a CAGR of over 8%. China, India and other Southeast Asian countries are witnessing rapid growth in e-commerce sales which is driving the demand for seal papers in the region.

North America is anticipated to provide lucrative opportunities owing to significant presence of key packaging companies and rapid growth of the packaging industry.

Key players: Key players operating in the seal paper market are Avery Dennison, 3M, Henkel, UPM Raflatac, CCL Industries, WS Packaging Group, Constantia Flexibles, R.R. Donnelley & Sons, Mondi, Amcor, Seiko Holdings, Reflex Labels, Coveris Holdings, Lintec Corporation, Stickythings, Torraspapel Adestor, Polylabel, Multi-Color Corporation, Secura Labels, Etisoftware. The market is consolidated in nature with top players accounting for major share. Companies are focusing on new product launches, mergers, and partnerships to gain higher market share.

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