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2017 Prediction for Heat Sealable Packaging Market - Competitive Analysis, Trends, Forecast 2024
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Global Heat Sealable Packaging Market: Drivers & Restraints
The growth of global heat sealable packaging market is driven by the demand for effective sealing in the packaging to minimize the leakage issues that occurs due to ineffective sealing in the packaging. Heat sealable packaging being an economical, effective and simple process, it is widely used for packaging in various end-use industries like food, pharmaceuticals and chemical among other industries. Thus, demand for heat sealable packaging from the above mentioned industries can be attributed the growth of heat sealable packaging globally. Furthermore, the increasing demand for FMCG (Fast Moving Consumers Goods) and consumer inclination towards packaged foods can also be attributed to the growth of heat sealable packaging market. On the plus side, macroeconomic factors such as GDP contribution of packaging industry and rise in disposable income can be further attributed to the growth of global heat sealable packaging market. Trends noted in the heat sealable packaging market are introduction of innovative heat sealable packaging film materials. For instance, DuPont Teijin films has invented heat sealable packaging films that are dual ovenable and are made of polyester, these films are invented in contrast with increasing the shelf life of food products by controlling the humidity. However, alternative methods for heat sealing packaging such as ultrasonic sealing might hamper the growth of global heat sealable packaging market globally.
Global Heat Sealable Packaging Market: Segmentation
The global heat sealable packaging market is segmented on the basis of materials, applications and region
On the basis of materials, the global heat sealable packaging market is segmented into:
Polyethylene
PVC films
Ionomer Resin
Polyamides
Polyester
Polypropylene
Polycarbonate
Polystyrene
On the basis of applications, the global heat sealable packaging market is segmented into:
Food
Pharmaceuticals
Chemical Products
Others
Heat Sealable Packaging Market: Regional Outlook
Based on the geographies, global heat sealable packaging market is segmented into five key regions- North America, Latin America, Europe, APAC, and Middle East & Africa. Among the aforementioned regions, Asia-pacific accounts for significant share for heat sealable packaging market, owing to the significance of food packaging industry in the region as compared to other regions. Furthermore, the significant growth of pharmaceutical packaging in the region and a healthy FMCG (Fast Moving Consumer Goods) market in Asia-Pacific market is expected to bolster growth for heat sealable packaging market in the region. Asia-Pacific is expected to maintain its dominance in the global heat sealable packaging market throughout the forecast period. Europe market for heat sealable packaging is followed by the Asia-Pacific market for heat sealable packaging market which is trailed by the North America market for the heat sealable packaging. Latin America and Middle East & Africa market for heat sealable packaging market is anticipated to register slow growth over the forecast period. Overall, the global market for heat sealable packaging offers a positive outlook.
Global Heat Sealable Packaging Market: Key Players
Some of the few players identified in the global heat sealable packaging market include DuPont Teijin Films U.S Limited Partnership, National Plastics, Inc., HEAT SEALING PACKAGING SUPPLIES & EQUIPMENT, HEAT SEAL, LLC., ClearBags, Prairie State Group, Venus Packaging, ,Blisterpak, Inc., Petra Manufacturing Company and Janco Inc, LLC among others.
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