Seal Paper Market Poised to Grow at a Robust Pace Owing to Rising...

Seal Paper Market Poised to Grow at a Robust Pace Owing to Rising E-commerce Activities

Posted 2024-08-05 11:52:30

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The seal paper market occupies a significant position in the packaging industry. Seal paper is primarily used as a liner or facing material for flexible packaging products such as pouches, sachets, and laminated tubes. It provides a strong moisture and vapor barrier for packaging food and pharmaceutical products. Seal paper offers good printability, dead fold properties, sealing capabilities, and is economical compared to foil or plastic films. The rising adoption of flexible and convenient packaging solutions across food, pharmaceutical, cosmetic, and electronic industries has been favoring the demand for seal paper globally.

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 Takeaways
- 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 (Spirulina production), Cellana
- The Seal Paper Market Demand is anticipated to witness opportunities in medical and pharmaceutical end-use industries owing to rising healthcare spending and increasing focus on packaging drug delivery systems and medical devices.
- Leading seal paper producers are exploring opportunities in emerging markets through collaborations with regional players and expansion of production and supply chain facilities to cater to the rising local demand.

Market Drivers
- Growing e-commerce industry globally has been generating significant demand for seal paper from the packaging industry. E-commerce retailers prefer lightweight, affordable, and convenient packaging solutions for shipping products, thus favoring seal paper usage.
- Rising health-conscious population has been augmenting the demand for packaged and processed food products. The need for lightweight and cost-effective food packaging with moisture and vapor barrier properties drives the adoption of seal paper in the food industry.

Market Restrain
- Availability of substitute packaging materials with superior properties such as plastic films and aluminum foils can replace seal paper in high-value applications. This poses a major threat to the seal paper market.
- Fluctuations in the prices of raw materials including pulp and chemicals required for manufacturing seal paper impact the overall production costs. Unstable raw material prices can restrain market revenue growth over the forecast period.

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