Bizizz Market Research has recently published a research report, “Heat Sealable Packaging Film Market By Material type (PET, BOPP, Polyester), by Thickness (Less than 12 micron, 12-30 micron, More than 30 micron), by Film type (Transparent heat sealable film, Metallized opaque heat sealable film), by End-Use (Food, Pharmaceuticals, Chemicals) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Heat Sealable Packaging Film Market was valued at US$ XX BN in 2018 and it is anticipated to reach at market value of US$ 2.3 BN by 2027, witnessing a CAGR of 3.4 % during the forecast period. Growing flexible packaging industry, increasing demand for fast-foods owing to evolving lifestyle preferences and rising food business are the key drivers of the market.
As the flexible packaging industry is expanding at an accelerated speed, the heat sealable packaging films market is anticipated to observe extension in the food packaging sector. With characteristics like excellent durability, resistance, and adhering features, heat sealable packaging films are an excellent flexible packaging alternative. Heat seal packaging films gives value and salability to food and non-food products. The booming demand for hot-served meals and fast-food stores is forecasted to accelerate significant extension for the heat sealable packaging films market in the imminent prospect.
The Heat Sealable Packaging Film Market Is Anticipated To Register A CAGR Of Over 3.4 % During The Forecast Period.
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By Material type, BOPP Based Heat Sealable Packaging Film Market Segment Held A Prominent Share In Global Heat Sealable Packaging Film Market In 2018.
The huge mechanical durability and thermic features continue to boost expansion of the BOPP segment, its exceptional clarity and trustworthy rigidity resume to draw fresh customers. The rising requirement for medicines and drugs multi-layered packing methods is foreseen to boost the market in the duration of the evaluation interval. These packaging films ascertain use in making tags and strips, ascribing to their excellent heat sealability and dimensional balance. These films are used in different end-use businesses such as drinks and refreshments, body care & beautification services, medical, and domestic enterprises. As a result of all aforementioned factors the BOPP segment is anticipated to register a prominent CAGR throughout the projection period.
Asia Pacific region Is Anticipated To Dominate The Global Heat Sealable Packaging Film Market During The Forecast Period.
Asia-Pacific is anticipated to continue its dominance in the global heat sealable packaging market in the course of the projection period. The rising requirement for fast-foods owing to developing lifestyle preferences, growing per capita earnings, and the enormous populace is estimated to create substantial opportunities for various corporations in the market. Furthermore, the notable expansion of the pharmaceutical packaging market in this region is anticipated to support the increment of heat sealable packaging films.
Prominent players operating in the Global Heat Sealable Packaging Film Market are: Tropack Packmittel GMBH, Imperial World Trade Pvt. Ltd, Toray Industries Inc., Polyplex Corporation Ltd., Cosmo films Limited, Ester Industries, Mitsubishi Chemical Holdings Group, DuPont Teijin Films, HEAT SEAL LLC., Decapac, and Borealis AG among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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