Market Overview:
Seal paper is a type of packaging paper that is coated with a heat-activated adhesive that can seal securely once pressed and exposed to heat. It is widely used for sealing cartons, mailing bags, pouches, envelopes and other packages. Seal paper offers an effective, economic and environment-friendly sealing solution for products.
Market key trends:
One of the key trends in the seal paper market is increasing usage of sustainable and recyclable materials. Manufacturers are focusing on developing seal papers with bio-based materials or using recycled content papers to reduce environmental footprint of packaging. Rise in e-commerce industry has also fueled the demand for seal papers as they provide robust and reliable sealing for parcels and packages during shipping and transportation. Growing food delivery and takeaway services have increased adoption of seal papers for tamper-proof sealing of food packages. Strict safety and quality regulations regarding food packaging have further propelled the sales of seal papers.
The Global Seal Paper Market Demand is estimated to be valued at US$ 15.84 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Seal Paper has high tensile strength and can withstand harsh environment. It provides tamper proof security and helps companies protect their brand.
Weakness: Seal Paper is not environment friendly as it is not reusable and leads to waste generation. It also has high production costs.
Opportunity: Growing e-commerce industry globally is increasing the demand for secure packaging. Rising counterfeit products also calls for reliable sealing solutions.
Threats: Potential substitution threat from digital seals and holograms. Stringent environmental regulations regarding non-degradable packaging materials.
Key Takeaways
The global seal paper market is expected to witness high growth, exhibiting CAGR of 7.0% over the forecast period, due to increasing demand from food industry for secure packaging. The food industry is the largest end-user of seal paper to provide product safety and extend shelf life.
Regional analysis: North America dominated the global seal paper market in 2023 and is expected to continue leading over the forecast period, owing to stringent regulations regarding product safety and authenticity in industries such as pharmaceuticals and food. Asia Pacific is expected to be the fastest growing region, witnessing a CAGR of 7.5%, due to growing eCommerce sector and manufacturing industry in countries such as China and India.
Key players operating in the seal paper market are Avery Dennison, 3M, Henkel, UPM Raflatac, CCL Industries, WS Packaging Group, Constantia Flexibles, R.R. Donnelley & Sons, Mondi, Amcor, Seiko Holdings, Reflex Labels, Coveris Holdings, Lintec Corporation, Stickythings, Torraspapel Adestor, Polylabel, Multi-Color Corporation, Secura Labels, Etisoftware. These companies offer sustainable and customized solutions to help brands curb counterfeiting and gain customer trust.
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