Europe and North America reclosable films market is expected to account for more than 64% of the market share in the global reclosable films market, in terms of value
Global reclosable films market is estimated to be worth more than US$ 130 Mn by the end of the forecast period and is projected to expand at a CAGR of 7.8% during the forecast period. The demand for reclosable films is expected to grow during the forecast period due to its re-closability feature. Reclosable films market comprises of several material types such as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET). These are used to package different type of products. Furthermore, better shelf presence is expected to be one of the significant contributors in increasing the sales of the product. This in turn, is expected to boost the growth of global reclosable films market.
Manufacturers of packaging are catering to the demand of the consumers by providing multi-align closures that offer consumer convenience, easy re-sealing and are combining with flexible as well as rigid packaging formats that offer product access with full perimeter reseal ability for products like food & beverages, personal care & home care, pharmaceuticals and other products.
The global food industry has reflected positive growth, especially in emerging economies such as China, India, and Brazil among others. Customized food packaging is gaining traction which is expected to drive sales of reclosable lidding films over the forecast period. Reclosable films are one such packaging product which has evolved to cater to the food industry, personal care & home care, pharmaceuticals and other industry.
In reclosable packaging formats such as trays, cups, and bags & pouches, consumer convenience is kept at the epicentre. Among packaging type, trays segment is expected to account for the highest market share in the global reclosable films market during the forecast period owing to ease in opening and reclosing.
For instance, reclosable films can now be infused with food product categories, such as, frozen food, ready-to-eat food, meat, poultry, seafood, dairy and, bakery & confectionery products. Manufacturers are capitalizing on latent opportunity for the use of reclosable lidding films as a promotional medium, as the reclosable lidding films offers printing on its surface for brand promotion. This trend is adopted by leading food packaging companies, fuelling the demand for the reclosable film as a promotional and marketing tool.
Reclosable lidding films are available in various thickness, even though they fail to provide physical protection to the product. They are prone to wear and tear and have low puncture resistance which in turn, may affect product quality. Hence, reclosable lidding films require gentle and proper handling throughout the value chain in order to provide protective and efficient packaging solution.
By thickness, reclosable films market has been segmented into up to 100 micron, 100 to 200 micron, and above 200 micron.
By peel strength, the global reclosable films market has been segmented into easy peel films and medium peel films. Among these, easy peel films segment is expected to dominate the market with nearly 90% of market share in terms of value.
By geographic market segments reclosable films market has been divided into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North Africa region is projected to register the highest CAGR of 8.3%, during the forecast period. Asia Pacific represents the total incremental $ opportunity of US$ 5.6 Mn by the end of 2022.
Key players in the global reclosable films market are Coveris Holdings S.A., DowDuPont Inc., Korozo Ambalaj Sanayi Ve Ticaret AS, Industria Termoplastica Pavese SpA, AS Estiko Plastar, Stratex Group Limited, Parkside Flexibles (Europe) Limited, TCL Packaging Ltd, Buergofol GmbH, Plastopil Hazorea Company Ltd, Bemis Company, Inc., Berry Global Group, Inc., Sealed Air Corporation, Mitsui Chemicals, Inc., Südpack Verpackungen GmbH + Co. KG, Schur Flexibles Holding GesmbH, Termoplast srl, HFM Packaging, Ltd., Folian GmbH, and Winpak Ltd.
Reclosable Films Market: Global Industry Analysis and Forecast 2018–2026
This report provides forecast and analysis of the reclosable films market on global level. It provides actual data of 2017 along with estimated data of 2018, and forecast data up to 2026 in terms of value (US$ Mn) and volume (Tonnes). It includes drivers and restraints of the global reclosable films market and their impact on each region during the forecast period. The report also comprises the study of current issues with end users and opportunities for reclosable films manufacturers. It also includes value chain analysis.
In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with their SWOT analysis and strategy overview. The dashboard provides detailed comparison of global reclosable films manufacturers on parameters such as operating margin, total revenue, product portfolio, and what we call ‘innovation scale’. The study encompasses market attractiveness analysis by material type, peel strength, packaging type, thickness, end use industry, and region.
The report includes consumption of reclosable films and the revenue generated from sales of reclosable films across the globe and key countries. By material type, reclosable films market is segmented into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), pressure sensitive adhesives (PSA), and others (PS, PVC, PA, EVOH). Polyethylene (PE) is further sub-segmented into low density polyethylene (LDPE) and high density polyethylene (HDPE). By peel strength, reclosable films market is segmented into easy peel films and medium peel films. By packaging type, reclosable films market is segmented into cups, trays and pouches & bags. By thickness, reclosable films market is segmented into up to 100 micron, 100 to 200 micron, and above 200 micron. By end use industry reclosable films market is segmented into food & beverages, pharmaceuticals, personal care & home care, and industrial & others. Food & beverages segment is further sub-segmented into frozen food, ready-to-eat food, meat, poultry, sea food, dairy products, bakery & confectionery, and beverages & others. Market numbers have been estimated based on extensive secondary and primary research, average pricing of reclosable films by material type and the revenue is derived through regional pricing trends. Market size and forecast for each segment has been provided in the context of global and regional markets. The reclosable films market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional reclosable films manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of reclosable films in the different regions. Bottom-up approach has been used to estimate the reclosable films market by regions. Global market numbers by material type, by peel strength, by packaging type, by thickness, and end use industry have been derived using the bottom-up approach, which is cumulative of each country’s demand. The same has also been validated from top-down approach. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, FAO, Packaging Digest, and Hoover’s, and company annual reports and publications.
The report provides detailed competitive and company profiles of some of the key participants operating in the global reclosable films market. Some of key players of the global reclosable films market are Coveris Holdings S.A., DowDuPont Inc., Korozo Ambalaj Sanayi Ve Ticaret AS, Industria Termoplastica Pavese SpA, AS Estiko Plastar, Stratex Group Limited, Parkside Flexibles (Europe) Limited, TCL Packaging Ltd, Buergofol GmbH, Plastopil Hazorea Company Ltd, Bemis Company, Inc., Berry Global Group, Inc., Sealed Air Corporation, Mitsui Chemicals, Inc., Südpack Verpackungen GmbH + Co. KG, Schur Flexibles Holding GesmbH, Termoplast srl, HFM Packaging, Ltd., Folian GmbH, and Winpak Ltd.
Global Reclosable Films Market: Segmentation
By Material Type
- Polyethylene (PE)
- Low density polyethylene (LDPE)
- High density polyethylene (HDPE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Pressure Sensitive Adhesives (PSA)
- Others (PS,PVC,PA,EVOH)
By Peel Strength
- Easy Peel Films
- Medium Peel Films
By Packaging Type
- Pouches & Bags
- Up to 100 Micron
- 100 to 200 Micron
- Above 200 Micron
By End Use Industry
- Food & Beverages
- Frozen Food
- Ready-to-eat Food
- Meat, Poultry, Sea Food
- Dairy Products
- Bakery & Confectionery
- Beverages & others
- Personal care & Home care
- Industrial & others
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)