Global PET Sealing Films Market: Overview

Similar to all the barrier properties and tensile strength, the quality of the packaging also lies in its sealing properties. PET sealing films are used to protect packaging formats from leakage and to keep products intact. When it comes to the transportation & storage of products, the packaging material for the same requires high tensile strength as well as sealing strength. The PET sealing films market is estimated to witness significant growth during the forecast period, as protective packaging solutions are in high demand.

PET sealing films can also be applied to trays, cups, bowls, and other containers to maintain the freshness of the food. PET sealing films are used for various applications, which include coffee packaging, cheese & dairy products, refillable packaging, cereals, pet food, soft drinks, and cosmetics, among others. Increasing demand for the transportation of products to different places is estimated to boost the demand for PET sealing films. These films are applied to reduce the storage space, as well as to eliminate the waste generated due to other lids or tray covers.

Global PET Sealing Films Market: Dynamics

A single roll of PET sealing film is able to seal thousands of cups and containers, which can drastically reduce the overall packaging cost. A crucial factor that can impact the market growth of any product is cost, and PET sealing films offer a higher profit margin as compared to lids or covers.

However, a ban on the usage plastic, which has been imposed by the governments of different countries, is expected to hamper the growth of the PET sealing films market. The usage of plastic-based product leads to a high carbon footprint, which is restraining the growth of the PET sealing films market. PET sealing films are used to improve the quality and appearance of the packaging formats. Manufacturers are seeking packaging solutions that stand out on retail shelves, thus, transparent packaging solutions are proving to be very effective. PET sealing films are mainly heat-sealable, owing to which they are used as lids on different types of containers. PET sealing films are also used as release liners to seal products such as trays, boxes, and other containers. The PET sealing films market is estimated to witness noticeable growth in the upcoming years, as the demand for safe and secure packaging is also increasing across the globe. The different types of sealing methods are likely to vary from products to products as well as the type of package to be sealed.          

Global PET Sealing Films Market: Segmentation

On the basis of thickness type, the global pet sealing films market has been segmented as:

  • Less than 15 microns
  • 15-36 microns
  • 36-50 microns
  • Above 50 microns

On the basis of product type, the global pet sealing films market has been segmented as:

  • Heat-sealable
  • Self-adhesive
  • Others

Some of the key players in the global PET sealing films market include the 3M Company, Covinil S.A., Polifilm GmbH, Bemis Company Inc., Plastic Suppliers Inc., Berry Global Group, and Jindal Films Ltd., among others.

Global PET Sealing Films Market: Key Developments

  • Manufacturers in the PET sealing films market are providing PET sealing films with high printability, which is suitable for the branding & marketing of particular products. Borealis AG is offering a variety of products in heat seal grades
  • Jindal Films Europe offers the Metallyte metallized barrier and sealant film technologies at Fachpack to provide improved seal integrity

Global PET Sealing Films Market: Regional Outlook

According to the Flexible Packaging Association, in the U.S., flexible packaging accounts for 90% of plastics, in which packaging films represents 46% of the total market. Packaging films are estimated to be used by most of the manufacturers of flexible packaging as well as brand owners, which is boosting the demand for PET sealing films. The North American PET sealing films market is estimated to witness significant growth during the forecast period. According to Plastics Europe, in 2017, the demand for plastic converters in packaging was 39.9%, which is expected to ultimately boost the PET sealing films market.

On the basis of region, global PET sealing films market has been segmented as:

  • North America
  • Latin America
  • Europe
  • Middle East & Africa
  • East Asia (Japan, China, South Korea)
  • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
  • Oceania (Australia, New Zealand)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Pet Sealing Films Market

Pre Book