Global Peel and Reclose Packaging Market: A Historical Analysis

The flexible packaging industry is arguably the fastest growing segment for propelling the packaging industry to astonishing heights. Peel and reclose packages are the new and growing feature in the flexible packaging industry. Innovative packaging is being offered by peel and reclose manufacturers which enables the package to be easily opened to access the product and easily reclosed for storage. Peel and reclose packaging is light weight, which is considered to be the most attractive feature, helping in reducing transportation costs and resources. Peel and reclose manufacturers are focusing on upgrading the new technology and implementing it in packing material. Peel and reclose solutions are used with the packaging on the products on food and beverage products such as cheese, snacks and cereals. Peel and reclose films are also eco- friendly and are available in the biodegradable form which is helpful for protecting the environment.   

Global Peel and Reclose Packaging Market: Company and Industry Level Trends

 Key Developments

  • In June 2017, UPM Raflatac launches new peel and reclose product for food labeling. This peel and reseal film provides excellent open close functionality for food applications.
  • In October 2017, CKF Inc launched a new lidding film that strongly adheres to an EARTHCYCLE TM moulded pulp container which can be easily opened and resealed with a light touch multiple times.

Global Peel and Reclose Packaging Market: Market Dynamics

Growth in demand of the peel and reclose market is anticipated to remain steady for various reasons. Peel and reclose packaging market comes under the category of the convenience packaging. Convenience packaging features such as easy opening, reclosability are some of the prominent features that are driving the market of the global peel and reclose packaging market. Peel and reclose packaging application is a growing feature in the flexible packaging industry. Peel and reclose packaging market have seen an increase in the penetration of the retail outlets in the Asia pacific region which is driving the demand of the global peel and reclose packaging market. With the rise in population, the need for packaging of fresh food and vegetables is increasing which has created a significant opportunity for the peel and reclose packaging market.    

Global Peel and Reclose Packaging Market: Segmentation

The global peel and reclose packaging market is segmented as follows:

By material used, the global peel and reclose packaging market has been segmented as:

  • HDPE
  • PP
  • PET
  • PVC
  • Others

By end use industry, the global peel and reclose packaging market has been segmented as:

  • Food & Beverage Industry
  • Pharmaceutical Industry
  • Personal Care & Cosmetics Industry
  • Electrical and Electronics Industry
  • Others

Global Peel and Reclose Packaging Market: Key Players

Some key players that currently operate in peel and reclose packaging market and partitions market across the globe can be segmented into three tiers based on their market share as follows:

  • Tier -1 (includes market leaders with annual revenue more than 500 Mn)
    • Coveris
    • Bemis Inc.
    • Sonoco Products Company
    • Essentra plc
  • Tier-2 (includes market players with annual revenue between 100-500 Mn )
    • Label Impressions Inc
    • LaserSharp FlexPak Services
  • Tier -3 (includes market players with annual revenue below 100 Mn)
    • Sealstrip Corporation
    • Printpack, Inc.

Exhibit-1

peel-reclose-packaging-market-0.jpg

Exhibit-1: It shows the production cluster by region. Bubble represents the production volume. North America is anticipated to dominate the market of the global peel and reclose packaging market. Western Europe and APEJ is expected to witness steady growth in the global peel and reclose packaging market. Latin America and Eastern Europe is expected to follow the similar trend to that of the APEJ peel and reclose packaging market.

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  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
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