Steady Growth to be Witnessed by Bio-based sealant films Market by 2028 | Future Market Insights
The sealant films are the multilayer films with the one outer most layer capable of melting at a low temperature such that the film is easily formed into a pouch with low or no heat application. The bio-based sealant films are made up of bio-degradable or compostable material in order to reduce the carbon footprint in production. Thus the companies are promoting the bio-based sealant films as one of the steps towards sustainability. Presently, PLA (Poly Lactic Acid) is the only bio-based material used by the manufacturers to produce bio-based sealant films while other materials are under introductory or development stage. The application of bio-based sealant films eliminates the requirement of additional sealant for sealing the packaging and thereby reducing the weight of packaging with effective sealing. The eco-friendly material and reduced weight of packaging are the major factors responsible for driving the bio-based sealant films market globally.
Global Bio-based Sealant Films Market: Key Developments
The major development in the bio-based sealant films market is the addition of barrier properties to the films such as moisture, odor and oxygen barrier. Aluminum material is generally incorporated for barrier properties as the material is biodegradable and a high barrier material. On the other hand, the layer of aluminum increases the weight of the packaging therefore a very thin layer is incorporated such that effective barrier is created by the bio-based sealant film. Moreover, to satisfy the requirement of transparent packaging of food products, the transparent bio-based sealant films are manufactured by the companies. As the transparent packaging is a highly effective way of marketing the product at the point of sale, especially for food products, the introduction of transparent films has driven the bio-based sealant films market. Also, the bio-based sealant films are food grade films that are non-toxic for direct contact with food products and therefore majorly driven by the food industry.
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Global Bio-based Sealant Films Market: Market Segmentation
The global bio-based sealant films market can be segmented on the basis of film thickness as
- Up to 9 microns
- 9 to 12 microns
- 12 to 15 microns
- Above 15 microns
With the increase in thickness of bio-based sealant film, the strength of the film increases and enables the production of larger pack size. Also, the material required for making high gauge films is higher and therefore affecting the manufacturing cost of the film. Thus, the pricing analysis is made on the bio-based sealant films market segmentation by the thickness of films.
The global bio-based sealant films market can be segmented on the basis of end-use as
- Food & beverage
- Frozen food
- Coffee & Tea
- Cookies & Cereal
- Nutrition bars
- Other foods
- Personal care products
- Retail products
- Office supplies
- Promotional items
- Fashion accessories
The global bio-based sealant films market can be segmented on the basis of the geographical region as
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa
- Asia Pacific excluding Japan
Global Bio-based Sealant Films Market: Parent Market Overview
Bio-plastics are the bio-based plastic materials. According to European Bio-plastics Organization, the global production capacity of PLA resins was around 200 Thousand tons in 2017 and is further expected to expand with the entrance of players in the bio-plastics industry.
Global Bio-based Sealant Films Market: Research Methodology
The bio-based sealant films market is more precisely analyzed by supply side analysis. In the initial stage, a survey is conducted with sealant film manufacturers in each key country for their production capacity. Total regional sealant film capacity for a region is estimated leading to global sealant films production. Further, the penetration of bio-based materials in sealant films is assessed and finally arrive to the global bio-based sealant films market volume. At the end, the market numbers are validated with industry experts.
Global Bio-based Sealant Films Market: Market Competition
Plastic Suppliers Inc. and Toray Industries Inc. are two of the companies in the packaging industry with worldwide footprint and bio-based sealant films in their product portfolio. Other packaging film manufacturing giants might be capable of producing such films according to the client’s requirement, but Plastic Suppliers Inc. and Toray Industries Inc. are the only companies with significant production of bio-based sealant films. Also, it takes a lot of capital investment for production of bio-based sealant films and there reducing the probability of the presence of bio-based sealant films among un-organized market packaging film manufacturers.
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