Resealable Films Market

Resealable Films Market Study by Polypropylene, Polyethylene (PE), Polyvinyl Chloride (PVC), Polyamide, and PET from 2023 to 2033

Analysis of Resealable Films Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Resealable Films Market Outlook (2023 to 2033)

Global demand for resealable films in 2023 accounts for a valuation of US$ 5.5 billion and is slated to progress at 4.9% CAGR over the next ten years. The global resealable films market is extrapolated to amass a revenue of US$ 8.9 billion by 2033-end.

Resealable packaging allows users to reseal or reclose packaging after they have opened it and this allows consumers to extend the shelf life of packaged products. Surging popularity and awareness regarding the benefits associated with fresh food consumption is anticipated to primarily pilot demand for resealable films in the future. Increasing focus on sustainability and changing consumer preferences are pushing end users to opt for resealable packaging solutions and this is projected to boost market development over the next ten years.

Evolving consumer preferences, high per capita disposable income, growing focus on plastic waste reduction, supportive initiatives to promote the adoption of eco-friendly packaging solutions, implementation of stringent waste management laws, and rising investments in R&D of novel packaging films around the world are other prospects that could magnify resealable film demand in the long run.

On the flip side, the presence of alternative sustainable packaging solutions is anticipated to hinder the overall resealable film sales throughout the forecast period. Resealable film manufacturers are anticipated to target the Asia Pacific region owing to lucrative foreign investment policies, supportive government initiatives, low costs of production and labor, and an increasing consumer base. China and India are anticipated to be the prime markets in this region for established as well as incoming resealable film suppliers.

Report Attributes

Details

Resealable Films Market Size (2023)

US$ 5.5 Billion

Projected Market Value (2033F)

US$ 8.9 Billion

Global Market Growth Rate (2023 to 2033)

4.9% CAGR

Fresh Product Packaging Segment Growth Rate (2023 to 2033)

5.8% CAGR

PET Segment Market Share (2033F)

~33%

Key Companies Profiled

  • Coveris Taghleef Ind.
  • Terphane
  • Borealis AG
  • Schur Flexibles Holding GesmbH
  • Sonoco Products Ltd.
  • Amcor PLC
  • Alto Packaging
  • Winpak Ltd.
  • Plastopil Hazorea Company Ltd.
  • Bemis Company Inc.
  • Uflex Limited
  • Flair Flexible Packaging Corporation

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Which Key Opportunity Should Resealable Film Suppliers Target?

“Growing Focus on Sustainability”

Climate change and global warming have emerged as major threats to human civilization in recent years and they have led to an increased focus on sustainability to conserve the environment. Governments across the world are implementing strict laws to lessen the environmental impact of human activity and are also focusing on waste reduction to avoid unmanageable waste collection. Plastic bags, single-use plastic films, and plastic bottles are leading plastic waste products that contribute to the high volume of plastic waste around the world.

Focus on waste reduction and sustainability has led to high demand for recyclable and reusable products that do not wind up in landfills and add up to the huge waste piles that catalyze the issues of climate change and global warming. The ocean is teeming with tons of plastic waste, which has led to the substantial degradation of the ocean ecosystem and efforts to reduce this plastic waste are projected to bolster sales of resealable films around the world in the future.

Resealable films market forecast by Fact.MR

Can New Companies Gain a Market Share for Themselves?

“Start-ups Focusing on Product Innovation to Establish Market Presence”

Upcoming resealable film manufacturers are investing in the research and development of novel products that help them stand out in the global competitive landscape and bolster their sales potential. New resealable film vendors are also expected to focus on raising new capital through funding to advance their business potential and hasten the launch of new and innovative resealable films.

  • In January 2022, TIPA, a start-up based in Israel announced that it had raised US$ 70 million in a Series C funding round that was led by Meitav Dash and Millennium Food-Tech along with other investors. The company develops resealable bags, clear films, etc., and was expected to use the new finance to expand its business scope in new countries and regions.
  • Calyx Containers, a start-up developing medical cannabis packaging solutions is developing clear and transparent containers that are made of recyclable materials and are resealable to achieve the evolving sustainability standards across the world.

This updated resealable films market research report by Fact.MR, a market research and competitive intelligence provider, proffers a panoramic account of how new developments by start-ups influence trends such as product standards, local supply, safety regulations, pricing trends, etc.

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Country-wise Insights

Is Japan an Investment-worthy Market?

“Growing Focus on Reduction of Packaging Waste Slated to Offer Lucrative Business Scope”

Japan is known as one of the most significant plastic waste-producing countries in the world and this makes it a highly opportune market for reusable packaging solutions such as resealable films, biodegradable packaging, etc. The government of Japan and companies operating in the country are launching new initiatives to reduce packaging waste and move toward more sustainable solutions as consumer awareness regarding the adverse impact of improper waste management rises. Rising disposable income, changing lifestyle choices, and growing consumption of packaged and convenience foods are other factors that are anticipated to bolster sales of resealable films in Japan going forward.

South Korea is also projected to offer highly lucrative opportunities for resealable film manufacturers owing to the rising focus on waste reduction and surging demand for eco-friendly packaging. The government of South Korea has plans to reduce plastic waste and make the country a plastic-free society by the end of 2050, which is projected to augment resealable film sales in the long run.

Should Resealable Film Suppliers Target European Countries?

“Increasing Investments in Sustainability & Packaging Industry Creating Bankable Opportunities”

The European region is home to some of the most prominent countries working on achieving net zero carbon emissions and minimizing environmental impact through several innovative initiatives. European countries are focusing on reducing their plastic waste and promoting the use of recyclable and reusable products among their population, which is projected to primarily uplift demand for resealable films in these countries over the coming years.

Moreover, increasing investments in the R&D of eco-friendly packaging and the presence of key packaging manufacturers in Europe are other factors that are forecasted to promulgate shipments of resealable films across the forecast period. Supportive government initiatives and attractive incentives associated with the adoption of sustainable products and practices in European countries such as Germany, France, and the United Kingdom are also expected to bolster market potential in the long run. High resealable film sales in Europe make this region the second-largest market in the world in terms of revenue at the moment.

How Will Resealable Film Demand Fare in United States?

“Changing Packaging Preferences & Rising Consumer Focus on Hygiene Slated to Boost Market Growth”

Changing consumer demand for hygienic and eco-friendly packaging for food products in the United States is projected to primarily drive resealable film shipments in the United States over the next ten years. Rising awareness regarding sustainability and eco-friendly packaging among citizens of the United States is also forecasted to favor sales of resealable films in the country throughout the forecast period.

Growing consumption of convenience foods, surging demand for eco-friendly packaging materials, stringent norms to regulate the use of single-use plastics, supportive initiatives to promote the adoption of reusable and recyclable packaging products, and heightened consumption of fresh produce are other aspects that could bolster demand for resealable films in the country through 2033. Rising demand for an extended shelf life of packaged food products and increasing investments in the development of sustainable packaging solutions are slated to create new opportunities for resealable film suppliers in the United States going forward.

Category-wise Insights

Where Will Resealable Films be Extensively Utilized?

“Fresh Produce Packaging Applications Slated to Amplify Resealable Film Demand”

Based on application, the resealable films market is segmented into meat, poultry seafood packaging, dairy product packaging, fresh produce packaging, bakery & confectionery packaging, beverage packaging, pharmaceutical packaging, personal care and cosmetic packaging, and others.

Fresh produce packaging is estimated to witness a highly lucrative growth scope in the future owing to rising awareness regarding the benefits associated with the consumption of fresh food and changing consumer preferences. The advent of several chronic diseases in the past few years has led to an increased focus on health and fitness, which has directly led to high demand for fresh food products around the world.

Packaging plays crucial in maintaining the freshness of food products and resealable packaging offers a chance to extend the shelf-life of fresh foods and keep them fresher for a longer time. The aforementioned factor is slated to crucially augment demand for resealable films in fresh produce packaging at nearly 5.8% CAGR through 2033.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

Top resealable film manufacturers are focusing on the development and launch of innovative products to expand their business potential and increase overall market share in the global competitive landscape.

  • StePac, a leading provider of packaging solutions, and BASF, a renowned multinational chemical company worked together and unveiled a new range of top seals for fresh produce packaging. The new recyclable easy-peel films were an addition to its existing product portfolio.
  • In October 2020, Terphane, a leading resealable films company announced the launch of a new resealable solution. The novel PET resealable solution was launched under the Sealphane® brand and could maintain its strong adhesive force even after multiple peels and reseals by users.

Key Segments Covered in Resealable Films Industry Research

  • By Material :

    • Polypropylene
    • Polyethylene (PE)
    • Polyvinyl Chloride (PVC)
    • Polyamide
    • PET
      • APET
      • RPET
      • CPET
    • Others
  • By Thickness :

    • 12 to 18 MU
    • 18 to 23 MU
    • 23 to 36 MU
    • > 36 MU
  • By Layer :

    • Monolayer
    • Multilayer
    • 3 Layer
    • 5 Layer
    • 7 Layer
    • Others
  • By Use Case :

    • Cups
    • Trays
    • Cans
    • Bottles
    • Jars
  • By Application :

    • Meat, Poultry Seafood Packaging
    • Dairy Product Packaging
    • Fresh Produce Packaging
    • Bakery & Confectionery Packaging
    • Beverage Packaging
    • Pharmaceutical Packaging
    • Personal Care and Cosmetic Packaging
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

How big is the resealable films market at present?

Currently, sales of resealable films hold a US$ 5.5 billion valuation.

What is the estimated valuation of the global resealable films market?

Shipments of resealable films are predicted to account for US$ 8.9 billion in value by 2033-end.

At what rate will resealable film demand evolve over the next ten years?

From 2023 to 2033, sales of resealable films are slated to progress at 4.9% CAGR.

Which material will witness high demand?

PET (Polyethylene terephthalate) is estimated to account for nearly 33% of the global market share by the end of 2033.

Who are the key players in the global resealable films market?

Some of the key companies are Terphane, Borealis AG, Amcor PLC, Alto Packaging, and Winpak Ltd.

Resealable Films Market

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