Seal Paper Market Growth Accelerated by Emerging Applications
Seal Paper Market Growth Accelerated by Emerging Applications
The global Seal Paper Market is estimated to be valued at US$ 18.25 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Seal paper is a paper sealing tape which is used as a protective barrier against moisture, gases, odors, and flavors. It helps in extending the shelf life of products. Seal papers are manufactured using polymers such as polyethylene, polyvinyl chloride (PVC) and polypropylene, which provides strength and durability to seal packages. Seal papers find wide applications in food products, pharmaceuticals, consumer goods, and industrial packaging. The increasing demand for packaged and processed food items among consumers necessitates the use of seal papers as protective packaging solution. 

Market key trends:

Emerging applications of seal papers across various industries have been a key growth driver for the market. Seal papers are increasingly being used in medical and healthcare applications such as packing IV bags, medical equipment, medicines bottles, and pills. With an increasing aging population and growing emphasis on healthcare infrastructure and services worldwide, the demand for medical seal papers is expected to surge considerably over the forecast period. Moreover, e-commerce growth has boosted the demand for seal papers that provide secure transit and safety to packaged items during shipping and delivery. The trend of online retail shopping is gaining momentum in developing Asian, African, and South American countries, which indirectly benefits the seal paper market. Innovation of biodegradable seal papers made from natural polymers is another emerging trend being utilized by leading market players to strengthen their product portfolio and market presence.

Segment Analysis

The global seal paper market can be broadly segmented based on type into coated paper and uncoated paper. Among these, coated paper dominates the market and accounts for around 60% share owing to its glossy and matte surface finish which makes it suitable for packaging applications. Demand for coated paper is expected to remain high during the forecast period due to increasing preference for premium and high graphic packaging solutions across various industries.

Key Takeaways

The Global Seal Paper Market Demand is expected to witness high growth over the forecast period due to increasing demand for premium and sustainable packaging solutions across various end use industries.

Regional analysis shows that Asia Pacific dominates the market currently and is expected to maintain its leading position during the forecast period attributed to substantial economic growth and increasing domestic demand from countries like China and India. Key players operating in the seal paper market are Algenol, Solazyme (TerraVia Holdings), Sapphire Energy, Cyanotech Corporation.

Regional analysis: Asia Pacific accounts for over 40% share of the global seal paper market led by China, India and other developing nations. Rising disposable incomes, growing middle class population and development of retail and e-commerce sectors have been fueling the demand for seal paper in packaging applications. Furthermore, presence of major packaging converters in the region has made Asia Pacific a dominant as well as highly lucrative market. The region is estimated to continue exhibiting fastest growth through 2031.

Key players operating in the seal paper market are Algenol, Solazyme (TerraVia Holdings), Sapphire Energy, Cyanotech Corporation. These key players are focusing on new product launches, mergers, acquisitions and expanding their manufacturing facilities to strengthen their global presence. For instance, in 2021, Algenol partnered with Solazyme to develop and commercialize renewable algal oil products for food and industrial applications.

Explore more information on this topic, Please visit - 

https://www.insightprobing.com/seal-paper-market-size-and-share-analysis/ 

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