Easy Peel Film Market to Reach USD 146.84 Billion by 2033; Growing Demand for Convenient Packaging to Propel Growth
The Brainy Insights
8 min read
The Brainy Insights
The global easy peel film market size is anticipated to grow from USD 82 billion to USD 146.84 billion in 10 years. The market will experience rapid growth due to technological advancements in easy peel film during the forecast period.
Newark, April 10, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 82 billion in 2023 global easy peel film market will reach USD 146.84 billion in 2033. Easy Peel Film is a specialised packaging material intended to provide packaged goods with easy access. It also keeps them true to themselves and new. Its main application is in the food and beverage sector. It is also used in the industrial, medicinal, and personal care sectors. Strong seal ability, superior barrier qualities, and simple peel ability are all made possible by easy peel film. Additionally, it enables interoperability with a variety of packing styles and customisation. Easy Peel Film comprises several layers of various materials, including polyester, polypropylene, ethylene vinyl alcohol, and polyethylene. Every layer gives the film particular qualities. These layers are thoughtfully designed to provide user-friendliness for customers while offering the required functionality.
Easy Peel Film is widely used for various products, such as dairy products, processed meats, snacks, and prepared meals. Its barrier qualities shield perishable foods from oxygen, moisture, and other elements that cause deterioration, thereby extending their shelf life. Furthermore, the robust seal and protective layers protect the product from contamination, tampering, and damage during handling and transit. Additionally, by making the product easier to open and more accessible, it improves the user experience. Additionally, by providing customisable designs, branding components, and product details, Easy Peel Film presents chances for brand distinctiveness. Easy Peel Film finds its application in industrial applications, personal care items, and medical packaging.
North America will dominate the market during the forecast period.
Convenience is a top priority for customers in the area, which drives up demand for simple peel-and-stick packaging. The region's food industry needs adaptable packaging solutions to satisfy the demands of packaging a wide range of foods and beverages, such as dairy, meat, confections, and dairy products. Easy Peel Film technology is always improved by a strong culture of innovation and technological advancement in packaging, supporting the market's expansion. Manufacturers are encouraged to use sustainable, easy-peel film packaging due to rising consumer awareness of environmental issues driving demand for sustainable packaging solutions.
In 2023, the linear low-density polyethene (LDPE) segment dominated the market with the largest market share of 44% and revenue of 36.08 billion.
The product type segment is divided into linear low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate (PET), and others. In 2023, the linear low-density polyethylene (LDPE) segment dominated the market with the largest market share of 44% and revenue of 36.08 billion.
In 2023, the food and beverages segment dominated the market with the largest market share of 47% and revenue of 38.54 billion.
The application segment is divided into food and beverages, medical, industrial and others. In 2023, the food and beverages segment dominated the market with the largest market share of 47% and revenue of 38.54 billion.
Advancement in market
A sterilizable conduction sealing film for PP and PE container lidding and wadding applications was introduced by Cosmo Films. This film is designed to withstand high temperatures to extend the product's shelf life during sterilisation. It's a clear film that can be heat-sealed on one side and corona-treated on the other. According to Cosmo Films, the film offers consumers enhanced convenience and seal integrity because it is simple to open and peel neatly without splitting. It's okay to put this movie right next to food. The film can be applied to a laminated structure using substrates such as aluminium foil as a sealant layer or as a monolayer. It can be laminated with different substrates and used in roll or pre-cut form.
Driver: Convenient packaging is becoming more and more popular.
Convenience is a top priority for modern customers. Easy Peel Film provides a hassle-free opening experience that fits in with lifestyles defined by on-the-go consumption. Easy Peel Film's robust seal and barrier protection efficiently meet the necessity of maintaining product freshness and integrity, further driven by health and safety concerns. Easy Peel Film also gives innovative packaging designs and branding components a platform, improving product visibility and customer engagement, which boosts sales and makes firms stand out in a crowded market. The trend towards environmentally friendly packaging solutions also fuels the growing market for Easy Peel Film variations that appeal to eco-aware consumers by providing recyclable or recycled materials. Together, these elements fuel the growing demand. The culinary, healthcare, personal care, and industrial sectors are among the areas that have seen an increase in demand for Easy Peel Film due to the combined effects of these causes.
Restraints: costs of easy peel films.
Depending on the materials chosen, different materials have different manufacturing prices for easy peel film. High-performance or sustainable materials must be used in today's eco-conscious society, yet they are usually more expensive, driving up costs for producers and customers. High operating costs are also a result of labour, equipment, and maintenance costs incurred during the production process. Options for customisation, such as unique finishes and branding components, come with extra design and printing expenses. Consequently, the cost issues of simple peel film will restrict its market adoption and impede the industry's expansion.
Opportunities: improvement in easy peel films.
Producers are working harder to make easy peel film better so customers can open it more easily and conveniently while keeping a tight seal to keep goods fresh. Advances in material science have made it easier to create easy-to-peel coatings with excellent oxygen, light, and moisture barriers. With recyclable materials and bio-based polymers, sustainable, easy-peel solutions have become more and more customisable. Modern processing techniques have produced stronger, thinner films while maximising material use and lowering production costs. Additionally, certain Easy Peel Films have intelligent or active package features like time-temperature and oxygen indicators, which improve consumer confidence and product safety. These developments and technical innovations will facilitate the global expansion of the easy peel film market. Throughout the projected period, these developments and technological innovations will support the expansion of the easy peel film market globally.
Challenges: Compatibility issues with Easy Peel Film.
Some packaging designs may not accommodate Easy Peel Film effectively, limiting its use for specific products or market segments. Additionally, the application of Easy Peel Film requires compatible sealing equipment. Incompatibility with sealing machines can lead to issues such as inconsistent seals or difficulties opening the package. Manufacturers may need to invest in specialized equipment or modify existing machinery to accommodate Easy Peel Film. Furthermore, processing conditions like temperature and pressure can affect the film's performance and seal integrity. Variations in material properties may also influence compatibility. Therefore, compatibility issues with easy film peel applications will challenge the market’s growth.
Some of the major players operating in the global easy peel film market are:
• Bemis Company • Cosmo Films Ltd • Coveris Holdings S.A. • Mitsubishi Chemical Holdings Corporation • Mondi Group • Sealed Air Corporation • Taghleef Industries Group • Terphane LLC • Toray Plastics Inc • Uflex Ltd
• Food & Beverages • Medical • Industrial • Others
By Region
• North America (U.S., Canada, Mexico) • Europe (Germany, France, the UK, Italy, Spain, Rest of Europe) • Asia-Pacific (China, Japan, India, Rest of APAC) • South America (Brazil and the Rest of South America) • The Middle East and Africa (UAE, South Africa, Rest of MEA)
The market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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