Global Easy Peel Film Packaging Market Is Expected to Reach USD 91.18 Billion by 2025

As per the report published by Fior Markets, the global easy peel film packaging market is expected to grow from USD 51.59 billion in 2018 and expected to reach USD 91.18 billion by 2025, growing at a CAGR of 7.52% during the forecast period 2019-2025.

The easy peel film packaging industry is expected to grow continuously, with the increased consumption and demand for consumer goods and food, for more sophisticated packaging. In addition to this, easy peel film packaging is likely to grow, owing to increasing middle class and rising disposable income of consumers across the globe. Easy peel film packaging product manufacturers are offering products with additional focus given to the convenience aspect for consumers, ultimately creating profitable market opportunities for companies which provides easy peel film packaging.

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Easy peel film packaging enables the clients to deal with the item securely and easily and furthermore guarantee purchasers that the packaging can be easily separable from the item. The easy peel film packaging also helps to minimise the wastage of products. Easy peel film packaging has been one of the most innovative packaging, vastly benefitting the food and beverage industry in a very short span of time. In addition to this, it allows the customer to handle product with ease, helps to minimizing the wastage of the content, and also ensure consumers that the packaging can be separated from the product without leaving any residue and that it can be fully emptied. Easy peel film packaging is also moisture resistant and easy to recycle which enhances product quality and also benefits for both consumers with convenience and aids manufacturers in relation to its sustainable. In addition to this, easy peel film packaging is an economical solution for manufacturers, as it reduces the logistics and shipping charges, during transportation, ultimately maximizing the profitability margin of suppliers in the market.

Global easy peel film packaging market is expected to witness rapid growth over the forecast period, owing to increasing demand from food and pharmaceutical industry across the globe. However, complexity in manufacturing and high cosy is expected to hamper the market growth over the forecast period.

Key players operating in the global easy peel film packaging market includeJ-Film Corporation, EVONIK INDUSTRIES AG, TAIPAK ENTERPRISES LTD.,DowDuPont, BEMIS COMPANY, INC., TilakPolypack, Hangzhou Zhongsu Packaging Materials Co.,Ltd, PLASTOPIL, Mitsui Chemicals, Inc., Sonoco Products Company, Wonder Packagings,and Sudpackamong others. To enhance their market position in the global easy peel film packaging market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership.

For instance, in August, 2017, BEMIS COMPANY, INC., announced the development of new EZ Peel packaging for ground beef chubs.
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The PET segment held largest market share and valued at USD 20.04 billion in 2018

Type segment includes PE, CPP, PET and others. The PET segment held largest market share and it was valued at USD 20.04 billion in 2018, as it is an important commercial polymer having application ranging from packaging, fabrics, films, molded parts for automotive, electronics and many more. PET is one of the important form of plastics, which can be used in everyday life. It is an important commercial polymer having application ranging from packaging, films, molded parts for automotive, fabrics, electronics and many more. Peel strength is mainly controlled by the composition of the compound and the thickness of the peel layer, a thinner seal layer leads to lower peel values. It is used for food packaging like jelly, pudding, tofu, flour paste, aseptic boiled rice, cheese, seaweed products, pickled foods, foods for microwave cooking, etc. and also in Industrial materials, daily utensils, medical applications, etc.

Food & beverage segment held the largest market share of 71.05% in 2018

Application segment includes food & beverage, industrial, medical, air freshener, washing detergent and others. Food & beverage segment held the largest market share of 71.05% in 2018. This is because the food & beverage industry is constantly striving to offer its products that not only make the packaging attractive but also offers convenience. Food and beverage packaging is one of the important aspect, as it gives longer shelf life while storing. Easy peel film packaging has been one of the most innovative product for the food and beverage industry, owing to its benefits. The easy peel film used in packaging keep freshness and flavour at their peak, increases the shelf life. Easy Peel food film are made for the frozen, microwavable, meat, dairy and bakery markets.

RegionalSegment Analysis of the Easy Peel Film PackagingMarket

North America (U.S. , Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
Asia-Pacific (China, Japan India, Rest of APAC)
South America (Brazil and Rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific held the largest market share of 40.07% in 2018, owing to increasing demand from food and beverages industry. In addition to this, growing concern over safety concerns regarding contamination of packaged food has led to obstinate need for reliable and safe food packaging, further driving the demand for easy peel film packaging in the region.

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About the report:

The global easy peel film packaging market is analysed on the basis of value (USD Billion), volume (Million Tons), and consumption (Million Tons),imports (Million Tons), and exports (Million Tons).All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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