by The Seal Paper Market is essential for ensuring food integrity and preservation. Seal paper refers to coated or uncoated paper used primarily in food packaging for sealing purposes. It acts as a barrier to moisture, gases, light, and other external factors to extend the shelf life of products. Seal paper provides an economical and eco-friendly packaging solution compared to plastics. It can be recycled without any adverse effects on quality and purity of food items.
The Seal Paper Market size was valued at US$ 15.84 Billion in 2023 and is expected to reach US$ 25.43 Billion by 2031, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Key advantages of seal paper include moisture resistance, ease of printing, odor and grease resistance. It is hugely utilized for primary and secondary food packaging of meat, cheese, snacks, biscuits, confectionery and other perishable items. Growing health awareness and preference for sustainable packaging have augmented the demand for seal paper packaging globally. The Global Seal Paper Market is driven by the rising packaging industry, stringent regulations on plastic usage and shifting emphasis towards eco-friendly solutions.
Key Takeaways
Key players: Key players operating in the Seal Paper market are Algenol, Solazyme (TerraVia Holdings), Sapphire Energy, Cyanotech Corporation, Algae Systems, E.I.D.- Parry (India) Limited (Parry Nutraceuticals), Evonik Industries, Cargill, Incorporated, DIC Corporation.
Seal Paper Market Demand consumption of packaged and processed foods has boosted the seal paper market size considerably. Busy lifestyles and urbanization have increased the on-the-go consumption trend, augmenting product demand.
Global expansion: Major seal paper producers are focusing on geographical expansions and capacity enhancements to cater to the growing needs of food processing companies globally. The market is expected to witness rampant growth in developing nations due to rising incomes.
Market Key Trends
Sustainable packaging is a key trend driving significant change in the seal paper market. Both manufacturers and consumers are shifting towards eco-friendly solutions owing to climate change concerns. Seal paper offers an excellent sustainable alternative to plastics and multi-layered laminates used conventionally. Stringent government regulations regarding plastic ban and policies promoting paper-based packaging will further accelerate the industry outlook. Innovation of barrier seal papers capable of extending shelf life without comprising on sustainability will expand the applications over the forecast period.
Porter’s Analysis
Threat of new entrants: New entrants face high costs for establishing infrastructure and R&D for production of Seal Paper Market Regional Analysis. Bargaining power of buyers: Buyers have high bargaining power due to availability of alternatives in the market. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute raw materials. Threat of new substitutes: threat of substitute is moderate as seal paper has properties no other material possesses. Competitive rivalry: rivalry is high due to presence of established players and low product differentiation.
Geographical Regions
North America holds the largest market share in terms of value mainly due to established infrastructure for processing seal paper and presence of major players in the region.
Asia Pacific is expected to be the fastest growing region during the forecast period owing to rapid urbanization, industrialization and increased use of secure papers for identification and authentication purposes across various end use industries such as food and beverages, pharmaceuticals and others.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
About Author - Priya Pandey
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