Global Reclosable Films Market 2021 (Includes Business Impact of COVID-19)

  • TBI692201
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                          

Report updated on 11th September, 2021: Global Reclosable Films Market 2021 (Includes Business Impact of COVID-19)

Global Reclosable Films Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global reclosable films market report has been segmented on the basis of packaging type, material type, peel strength, thickness, end user industry, and region. Request Covid - 19 Impact The global Reclosable Films market is valued at US$ 192.58 million in 2020 is expected to reach US$ 312.00 million by the end of 2030, growing at a CAGR of 5.6% during 2020-2030.

Global Reclosable Films Market: Introduction

Reclosable films are plastic films composed of different plastic materials such as polyethylene, polypropylene, polyester, etc., and are used for packaging of food, medical and pharmaceutical, personal care, and other products. Reclosable films offer various benefits such as high level protection, longer storage, and easy to open, carry, and reseal, due to which it has wide range of applications in end-use industries.

Global Reclosable Films Market: Market Dynamics

Rising demand for reclosable films in various applications such as food, cosmetics, and personal care products, coupled with increasing disposable income and changing lifestyle are major factors expected to drive growth of the global reclosable films market over the forecast period. In addition, increasing demand for specialty films and high-barrier films, which have strong water-resistant property, is another factor anticipated to fuel growth of the target market in the next coming years. However, stringent rules and regulations by government of various countries across the globe pertaining to environmental concerns are among some of the major factors that may hamper demand for reclosable films and restrain growth of the target market over the forecast period.

Global Reclosable Films Market: Segment Analysis

Among the material type segments, the polypropylene segment is expected to account for major revenue share in the target market in the coming years. Among application segments, the food packaging segment is estimated to account major share in terms of revenue, and is projected to register fastest growth in the global reclosable films market over the forecast period. This is attributed to the rising demand for convenience foods.

Global Reclosable Films Market: Regional Analysis

The reclosable films market in Asia Pacific is expected to dominate in the target market in terms of revenue and is expected to maintain its dominance over the forecast period. Increasing demand for reclosable films owing to various properties such as lightweight, excellent elasticity, safety, high transparency and cost-effectiveness is expected drive revenue growth of Asia Pacific reclosable films market over the forecast period. The Asia Pacific market is projected to grow at a fast rate in the target market over the forecast period. China is expected to contribute major share in terms of value thereby supporting growth of reclosable films market in the region. North America reclosable films market is estimated to register for significant revenue share in the target market in coming years, followed by Europe market. The reclosable films market in Latin America is anticipated to register for moderate share in terms of revenue in the global reclosable films market over the forecast period.

Below are the active patents related to Reclosable Films Market.

Patent Number: US20120128835A1 Reclosable flexible packaging and methods for manufacturing same Abstract Flexible film packages having a partial, initial seal against ambient atmosphere and are easily openable and reclosable. The flexible film packages are generally resealable to extend the shelf-life or freshness of products contained therein once the package is initially opened. By one approach, the flexible film has two opposing edge portions that meet to form a longitudinal seal extending from a first end seal to a second end seal. The flexible film may have a score that defines a package opening. An elongated closure layer may extend over the score and may extend from a first end seal to a second end seal and within the opposing edge portions that form the longitudinal seal. The elongated closure layer may have a tack-free gripping portion used to release at least a portion of the elongated closure from the flexible film to form the package opening. Application filed Date: 2011-11-18 Application granted: 2017-05-23 Current Assignee: Intercontinental Great Brands LLC Patent Number: US7422782B2 Peelable/resealable packaging film Abstract The present invention describes a multilayer film suitable for use in packaging applications comprising at least a polymeric first layer having a first surface and an opposing second surface wherein the polymeric first layer comprises a heat-sealable, water-insoluble polyester; a polymeric second layer having a first surface and an opposing second surface and comprising a pressure-sensitive adhesive, wherein the second surface of the polymeric second layer is in contact with the first surface of the polymeric first layer and forms a peelable/resealable bond therebetween; and a third layer in contact with the first surface of the polymeric second layer. Application filed Date: 2005-02-01 Application granted: 2008-09-09 Current Assignee: Amcor Flexibles North America Inc Patent Number: US8617677B2 Multilayer films for reclosable packaging Abstract Disclosed is a multilayer structure that comprises a heat sealable layer comprising amorphous polyethylene terephthalate with a melting point greater than 200° C., a pressure sensitive adhesive and at least one tie layer encapsulating the pressure sensitive adhesive. The structure can be coextruded without degrading the pressure sensitive adhesive. Also disclosed is a reclosable package comprising the structure and methods to make such structures. Application filed Date: 2012-07-20 Application granted: 2013-12-31 Current Assignee: Performance Materials NA Inc

Global Reclosable Films Market Segmentation:

Segmentation by Packaging Type:
  • Cups
  • Trays
  • Pouches
  • Bags
Segmentation by Material Type:
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Pressure Sensitive Adhesives (PSA)
  • Others (PS, PVC, PA, EVOH)
Segmentation by Peel Strength:
  • Cups Easy Peel Films
  • Medium Peel Films
Segmentation by Thickness:
  • Up to 100 micron
  • 100 - 200 micron
  • Above 200 micron
Segmentation End-use Industry:
  • Food & Beverages
  • Pharmaceuticals
  • Personal care & Cosmetics
  • Others

Key Market Players included in the report:

  • AS EstikoPlastar
  • Bemis Company Inc.
  • Berry Global Group, Inc.
  • Buergofol GmbH,
  • Coveris Holdings S.A.
  • DowDuPont Inc.
  • Folian GmbH
  • HFM Packaging, Ltd.
  • Industria Termoplastica Pavese SpA
  • ITP Spa
  • Korozo Ambalaj Sanayi VeTicaret AS
  • Mitsui Chemicals, Inc.
  • Parkside Flexibles (Europe) Limited
  • Plastopil Hazorea Company Ltd.,
  • Schur Flexibles Holding GesmbH
  • Sealed Air Corporation
  • Stratex Group Limited
  • SUdpack Verpackungen GmbH + Co. KG
  • TCL Packaging Ltd
  • Termoplast srl
  • Winpak Ltd.

Below are the key development related to Reclosable Films Market in 2020 and 2021.

July 2021: Schur Flexibles acquires Termoplast and aims to expand into the Italian market. The Austrian company Schur Flexibles expands recyclable packaging innovations by acquiring Termoplast Italian company, specialising in recyclable films and one of the pioneers of sustainable film production in Europe. Termoplast 100% recyclable MDO-PE films offer excellent processing qualities for all printing technologies and special applications for industrial companies and as well as for food, medical and pharmaceutical sectors. Termoplast also operates its own recycling company for the purpose of implementing its “zero waste” strategy and putting the circular economy into practice – both during its own production and in the processing of post-industrial waste. Following a short and efficient negotiation process, Termoplast will accelerate Schur Flexibles Group’s expansion in the Italian market. Source

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Reclosable Films Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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