The global cold seal paper market is set to reach a valuation of US$ 812.7 Mn in 2022, and register a CAGR of 5.2% in the forecast period from 2022-2032. The market is anticipated to be valued at US$ 1,349.2 Mn by the end of 2032. Top 5 companies are projected to hold around 20-25% of the global market share by the end of 2022.
The market is expected to witness significant growth in the next ten years owing to the increasing adoption of ready-to-eat food products. It is a cost-effective and efficient way to pack food products as it is easy to use and provides a secure seal.
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Cold seal paper is also used to pack other food products such as snacks, confectionery, and ice cream novelties. Increasing demand for these products is expected to further boost sales of cold seal papers across the globe during the evaluation period.
Key Takeaways from Cold Seal Paper Market
- Based on grade, the kraft segment is estimated to hold around 76% of the cold seal paper market share by the end of 2022.
- Based on end use, the food & beverage segment is projected to create an incremental growth opportunity of US$ 249 Mn during the forecast period.
- The demand for cold seal papers is projected to expand at a CAGR of 5.7% during 2022-2032 in India.
- The U.S. market for cold seal papers is anticipated to grow 1.5 times the current market value during the evaluation period.
- The global cold seal paper market witnessed a CAGR of 4.7% during the historical period and reached a valuation of US$ 773.7 Mn in 2021.
“Changing lifestyles of consumers has increased the demand for ready-to-eat and online delivery of food items. Cold seal paper is gaining traction owing to its ability to preserve packed foods for a long period due to its superior strength and durability. Development of customizable cold seal paper is projected to create new growth opportunities for key players in the next ten years” – says a lead analyst at FMI.
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High Demand for Customized Cold Seal Papers to Spur Sales in the Assessment Period
The trend of customization in the cold seal paper market is positively impacting growth. Customization allows for the production of cold seal paper that is tailored to specific needs of the customer.
This allows for the production of cold seal paper that is more efficient, cost-effective, and better suited to the customer’s needs. Additionally, customization allows for the production of cold seal paper that is more aesthetically pleasing, which can help to increase customer satisfaction.
Furthermore, customization allows for the production of cold seal paper that is more environmentally friendly, which can help to increase the product’s appeal to environmentally conscious consumers. Thus, the scope of customization in cold seal paper is positively impacting growth in the market.
Competitive Landscape: Cold Seal Paper Market
Pak Pack Ltd, Packaging Products (Coatings) Ltd, Adiambe Papers Private Limited, Angloscand Limited, FFP Packaging Ltd., Pregis LLC, and Gravure Packaging Products among others are some of the key players operating in the global cold seal paper market. Also, some of the noticeable players operating in the cold seal paper are Roberts Mart & Co Ltd., American Printpak Inc., TekniPlex, KOEHLER PAPER, and Artinova Speciality Papers AB.
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Cold Seal Paper Market Outlook by Category
By Grade:
By Thickness:
- Up to 50 GSM
- 51 to 80 GSM
- Above 80 GSM
By End Use:
- Pharmaceutical
- Building & Construction
- Food & Beverages
- Automotive
- Other Industrial
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