Sarasota, FL -- (SBWire) -- 04/12/2019 --Global Reclosable Films Market: Overview
Reclosable films are becoming popular among the end-users, owing to the beneficial product feature of multi-align closure facilitating easy re-sealing and user- convenience. The product has exhibited the best combination of flexible as well as rigid packaging. Reclosable films are available in numerous thicknesses.
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Global Reclosable Films Market: Growth Factors
The massive resealing ability of the product is likely to enhance the horizon of its application scope in food & beverages, pharmaceuticals, personal care, and home care, thereby contributing sumptuously towards the market progression. In addition, the escalating popularity of reclosable lidding has resulted in a massive demand for reclosable films. The growing preference for customized food packaging has a bulged the sales of reclosable lidding films, thereby charting/sketching a profitable growth curve for reclosable films market.
Furthermore, better shelf presence is expected to be one of the significant contributors to increase the sales of reclosable films. This, in turn, is expected to impel the growth of global reclosable films market in the forthcoming years. In addition, reclosable films can now be infused with food product categories frozen food, seafood, ready-to-eat diet, poultry food, dairy & confectionery items, and bakery products. Massive use of reclosable lidding films by food packaging firms to print the packaging surface for brand promotion has propelled the demand for reclosable films.
Global Reclosable Films Market: Segmentation
The global reclosable films market can be classified into packaging type, material type, thickness, peel strength, and end-use industry. Based on the packaging type, the market is sectored into Cups, Trays, and Pouches & Bags. On the basis of material type, the market is segmented into Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Pressure Sensitive Adhesives (PSA), and others including PS, PVC, PA, and EVOH. Thickness wise, the reclosable film's market is classified into Up to 100 microns, 100 - 200 micron, and Above 200 micron. Based on the peel strength, the market is divided into Easy Peel Films and Medium Peel Films. On the basis of end-use industry, the market is classified into Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Industrial & Others.
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Global Reclosable Films Market: Regional Analysis
Based on regions, the global reclosable films market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North American reclosable films market is set to record highest CAGR over the assessment period, subject to the large presence of key market participants along with thriving food & beverages industry in the countries such as the U.S. and Canada. The European market is projected to follow North America in terms of growth, owing to massive demand for resealable packaging bags in the countries such as the UK, Germany, Italy, and France. With lucrative business growth opportunities available in the Asia Pacific, the region is likely to offer a bountiful of avenues to reclosable films market for expansion. Countries such as India, Japan, and China are anticipated to contribute notably towards the regional market revenue.
The Middle East and Africa and Latin America are projected to have huge market growth prospects and are slated to contribute exponentially towards the market size over the next decade.
Global Reclosable Films Market: Competitive Players
Some of key players in reclosable films market are Coveris Holdings S.A., DowDuPont Inc., Korozo Ambalaj Sanayi Ve Ticaret AS, Industria Termoplastica Pavese SpA, AS Estiko Plastar, Stratex Group Limited, Parkside Flexibles (Europe) Limited, TCL Packaging Ltd, Buergofol GmbH, Plastopil Hazorea Company Ltd, Bemis Company, Inc., Berry Global Group, Inc., Sealed Air Corporation, Mitsui Chemicals, Inc., Südpack Verpackungen GmbH + Co. KG, Schur Flexibles Holding GesmbH, Termoplast srl, HFM Packaging, Ltd., Folian GmbH, and Winpak Ltd.
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Global Reclosable Films Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Reclosable Films Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026