Press release
Reclosable Films Market: Structure and Overview of Key Market Forces Propelling Market
The need for reclosable film emerged as a result of from a mindset to use a single product for multiple times without any sort of contamination of that product. Reclosable films offer convenience to the customers with storage solutions, maintaining freshness level of the products, easy peelability options, providing reliability and sustainable solutions. The reclosable films are readily used across various end-user industries including food and beverage, pharmaceuticals, etc.
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Global Reclosable Films Market: Drivers & Restraints
The demand for reclosable films packaging exists across various industries. However, food & beverages packaging form the key end-use industry for the reclosable film. Key factors that boost the demand for the reclosable film are their versatility and sustainability. The fact that these reclosable films are available in a number of sizes, shapes and colors which plays a significant role in enhancing the shelf appeal. The demand for the reclosable films has been projected to witness a steady growth during the forecast period. On the other hand, reclosable films are expensive as compared to conventional films which may act as an obstacle to the growth of global reclosable films market over the forecast period.
Global Reclosable Films Market: Segmentation Overview
Reclosable films packaging is in great demand food packaging mainly for packaging of cheese products, sliced meat and sausage packaging. Based on the material type, polyethylene (PE) reclosable film are expected to dominate the global reclosable films market over the forecast period. Reclosable films are usually available in thickness of about 200µm to 500µm and are easily Peelable in nature.
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Global Reclosable Films Market: Regional Overview
Geographically, the global reclosable films market is segmented into seven regions, namely Latin America, North America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).The reclosable films market in North America along with Europe are expected to witness steady rate of growth to maintain its dominant market share in the global reclosable films market. Increase in the count of working class people which are more inclined towards consumption of packaged processed food is the major driving factor for the growth of reclosable films market in these regions.
The Asia-Pacific market is expected to grow as the most lucrative marketplace for the growth of reclosable films markets. Key market players that operate in reclosable films markets are eyeing Asia-Pacific markets as a result of the availability of vast resources at minimal cost in developing countries like China, India and other ASEAN countries.
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Increasing disposal income, growth in urbanization leading to growing demand for packaged food & beverages, personal care products, etc., the Asia-Pacific region is estimated to witness an above average growth in reclosable films market over the forecast period. Middle-east & Africa and Latin America region are expected to display a positive rate of growth owing to rising demand from the ready to cook processed food packaging that can be used for a number of times. Overall, the global reclosable films market is estimated to see a healthy CAGR over the forecast period.
Global Reclosable Films Market: Key Players
Some of the prominent players operating in global reclosable films market are Wipak Walsrode GmbH & Co. KG., Amtopack Inc., KOROZO Ambalaj San.ve Tic A.S., Buergofol GmbH., Industria Termoplastica Pavese Spa. and B-PACK S.P.A.
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