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The US cold seal packaging market is expected to grow at a CAGR of 3.80% until 2034, catering to the diverse needs of consumers with convenience, safety, and hygiene concerns. Polymer coating materials have gained the top share as representative materials for cold seal packaging.
NEWARK, Del., April 15, 2024 (Globe Newswire) — The cold seal packaging market is 20 billion USD It is expected to exceed the valuation of by 2024. 34.17 billion USD The market size of cold seal packaging is expected to increase by 2034. CAGR 5.50% From 2024 to 2034.
Cold seal packaging is evolving due to continued advances in materials science and packaging technology. New formulations and materials are being developed by manufacturers to improve the functionality and sustainability of cold-seal packaging, including better barrier qualities, biodegradable materials, and better printability. These developments contribute to industry growth by attracting companies looking to differentiate themselves from competitors and adapt to changing customer preferences.
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Consumption trends and packaging preferences are influenced by urbanization and changing consumer habits. The demands of urban customers who value portability, convenience, and eating on the go are met by cold seal packaging. The need for portable and easy-to-use packaging options, such as cold-seal packaging, is expected to increase with urbanization and rapid evolution of lifestyles, driving market growth.
Companies need to modify their packaging strategies to fit the evolving health and wellness trends that are impacting customer preferences. Cold-seal packaging can draw attention to health-related features such as nutritional data, organic certification, and eco-friendly materials. Companies can appeal to health-conscious consumers, establish brand credibility, and gain market share in the rapidly expanding health and wellness industry. You can achieve this by displaying these components in your package. In addition to increasing sales, this intentional attention to health-conscious packaging improves brand reputation and fosters loyal long-term customers.
“Adaptability is essential in the cold seal packaging market. To remain competitive, companies must prioritize customer-centric strategies, strategic relationships, and cutting-edge technology. Succeed in this ever-changing market To do so, it is essential to embrace innovation and flexibility.” Chief consultant’s opinion Ismail Sutaria He works in the packaging field at Future Market Insights (FMI).
Key Takeaways from the Cold Seal Packaging Market Report
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The global market size in 2019 was USD 15.41 billion.
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The polymer coating materials segment will hold 35% of the market share in 2024.
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The food end-use segment captured 55% of the market share in 2024.
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The US market size is projected to increase at a CAGR of 3.80% until 2034.
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Germany market size is expected to develop at a CAGR of 3.10% until 2034.
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The Japanese market size is estimated to grow rapidly at a CAGR of 4.00% until 2034.
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The Indian market size is expected to grow at a CAGR of 4.50% till 2034.
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competitive environment
The cold seal packaging industry is highly competitive, with prominent companies striving for market share. Long-established companies such as Bemis Company, Sealed Air Corporation, and Amcor plc dominate the industry due to their diverse product portfolios, global reach, and strong brand reputations. These industrial giants leverage economies of scale, technological prowess, and established distribution networks to maintain a competitive advantage and capture significant market share.
key player
recent trends
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In August 2023, Sonoco introduced two new cold seal solutions to enhance its EnviroFlex packaging. The new line has a strong barrier against oxygen, moisture and grease.
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In May 2023, Seal Packaging debuted Infinity TopSeal. It is a recyclable, single-material foodservice packaging solution.
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Cold Seal Packaging Market Segmentation
By material:
By package format:
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pouch
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sachet
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stick pack
By end use:
By region:
author:
Ismail Sutaria, Principal Consultant, Packaging and Materials, has over eight years of experience in market research and consulting for the packaging and materials industry. Ismail’s strength lies in identifying the key challenges facing clients and providing logical, actionable insights to empower them with strategic decision-making.
Ismail has contributed to several transformation consulting engagements. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advice. Ismail holds his MBA in Marketing and has a Bachelor’s degree in Mathematics.
Check out our trend research report on the packaging space.
The global cold seal paper market will register a CAGR of 5.2% during the forecast period from 2022 to 2032. The market is expected to reach USD 1,349.2 million by the end of 2032.
The global cold seal plastic film market is expected to increase at a growth rate of approximately ~5.0% to 6.0% during the forecast period.
According to FMI, the cold seal film market is expected to accelerate at a CAGR of 5.5% to 6.0% during the forecast period.
The global cold chain packaging market is expected to continue expanding at a CAGR of 14.8% from 2023 to 2033. The market is expected to reach US$ 103.7 billion in 2033.
The global cold-formed blister foil market is expected to register a CAGR of 5.9% during the forecast period 2023-2033, gaining a valuation of USD 7.4 billion.
During the forecast period, global adhesive packaging sales are projected to exceed the valuation of USD 2.8 billion by 2032, registering a CAGR of 6.6% between 2022 and 2032.
The protective packaging market is estimated to grow by USD 47.8 billion by 2034 and is expected to grow at a CAGR of 4.70% during the forecast period.
The global drug pouch testing systems market size is expected to grow at a CAGR of 7.6% from 2023 to 2033, reaching a total value of approximately USD 82.8 million by 2033.
The global intelligent packaging market is expected to grow by 9.0% from 2023 to 2033. By the end of 2033, the global intelligent packaging industry is expected to reach USD 56 billion.
The global anti-counterfeit packaging market is estimated to grow at a CAGR of 4.9% from 2023 to 2033. The global market is expected to be valued at USD 258.9 billion by 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Winner, Greater New York Chamber of Commerce Member) provides deep insight into the drivers driving market demand. FMI has established itself as one of the world’s leading providers of market intelligence, advisory services, consulting and events for the packaging, food and beverage, consumer, technology, healthcare, industrial and chemical markets. With a large team of over 400 analysts located around the world, FMI provides global, regional and local expertise on diverse sectors and industry trends in over 110 countries.
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