Growing Adoption of Heat Seal Coatings in Packaging Industry to Boost Market Growth
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Heat Seal Coatings Market |
The
global heat seal coatings market is expected to be flourished by increasing
demand from food & beverage packaging industry. Heat seal coatings are
commonly used in flexible packaging applications such as pouches, bags, and
wraps. There is growing usage of stand-up and spouted pouches for retail packaging
of snacks, pet food, coffee & tea, sauce & gravy, and other food
products. Stand-up pouches offer advantages such as resealability, lightweight
packaging, ease of handling, and higher shelf visibility as compared to rigid
containers. This has influenced food manufacturers to shift from rigid to
flexible packaging formats to a significant extent.
The global heat seal coatings market is estimated to be valued at US$ 9,391.09
million in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Dynamics:
One key driver is increasing demand from food & beverage packaging
industry. Rising consumption of convenience and on-the-go food has necessitated
innovative packaging solutions that can ensure freshness, extend shelf-life,
and provide resealability. Heat seal coatings play a crucial role in developing
multilayer barrier structures and producing seals that are able to withstand
high-speed packaging lines. They provide reliable seals that prevent leakage
and avoid wastage of the packaged contents.
Rising adoption of stand-up pouches and other flexible packaging formats in
food & beverage industry is fueling consumption of heat seal coatings. Food
manufacturers prefer stand-up pouches and laminated packaging films as they
offer advantages such as ease of handling, resealability, high barrier
properties, and enhanced shelf visibility on retail shelves. This drives the
need for heat seal coatings that can withstand high-speed packaging operations
and deliver durable seals.
Segment Analysis
The global heat seal coatings market is primarily segmented into polyolefin,
polyvinyl chloride, other materials. Among these, the polyolefin segment
dominated the market with a share of over 50% in 2024. Polyolefins are
preferred for heat seal coatings due to their excellent performance properties
such as high tensile strength, flexibility and resistance to microorganisms.
They are widely used in food, pharmaceutical and consumer goods packaging
applications.
PEST Analysis
Political: Stringent regulations regarding food contact approval and
sustainability are expected to influence packaging manufacturers to use
environment friendly heat seal coatings.
Economic: Increase in disposable income and fast-paced lifestyle is boosting
the demand for packaged and ready-to-eat food products globally, thus driving
the heat seal coatings market.
Social: Rising health awareness among consumers is propelling the demand for
transparent/see-through packaging to check product freshness. Heat seal
coatings help provide transparent barrier packaging.
Technological: Advancements in heat seal coating application methods like
roller coaters and spray techniques help achieve uniform coating with reduced
material usage.
Key Takeaways
The Global
Heat Seal Coatings Market Share is expected to witness high growth
supported by increasing packaging demand from food and pharmaceutical
industries. The global heat seal coatings market is estimated to be valued at
US$ 9,391.09 million in 2023 and is expected to exhibit a CAGR of 7.7% over the
forecast period 2023 to 2030.
Regionally,
Asia Pacific dominated the market with over 35% share in 2024 due to robust
growth of packaging industry in China and India.
Key
players operating in the heat seal coatings market are Tekni-Plex, Actega,
Bostik (Arkema), Henkel AG & Co. KGaA, Dow Inc., Toyochem Co., Ltd. Key
players are focusing on new product launches with improved properties like
recyclability to strengthen their market position.
For more insights, Read- https://www.pressreleasebulletin.com/heat-seal-coatings-market-trends-size-and-share-analysis/
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