The global Peelable Seal Resin market has shown significant growth in the past years and is expected to grow at a steady CAGR of 5.28% during the forecast period until 2030.
Peelable seal resins are generally produced from one or more polymeric resins. The commonly used base resins in peelable seal resins are Ethylene-vinyl acetate (EVA), Acrylate copolymers, Low-density polyethylene (LDPE), polypropylene (PP) and Polybutene. They may also contain modified phenol and fillers. Peelable seal resins are blended with substrate during extrusion coating or blown film manufacturing process. These resins offer improved safety, convenience as well as reduced packaging opening forces.
By grade, Peelable resin are classified as Ethyl Methyl Acrylate (EMA), Polybutene, Ethylene Vinyl Acetate (EVA). Predominantly, EMA and Polybutene based peelable seal resin are majorly used globally. These resins are mainly used for applications like extrusion coating, blown film and cast film application. The demand for PE based peelable seal resin is low as polybutene based additives, mainly PB-1 PB8640M is used in substantial quantity for LDPE / LLDPE films. Additionally, metallocene LLDPE also gives good sealing properties. For PP based substrate again, peelable seal resins are used. PP additives can also be used technically but the process is very complicated and temperature sensitive and cannot be carried out by the processors without adequate training. Although EMA based peelable seal resins have highest consumption. However, these are used just for extrusion coating films and not much preferred in food packaging due to their peculiar smell. Peelable seal resins can be used blended with wide range of substrates including PE, PP, PS, PVC, cPET, Aluminium and Epoxy. It is also a potential substitute to synthetic lacquer coatings due to absence of solvents and negligible VOC during processing.
Based on region, Asia Pacific is dominating the market owing to an increase in demand from packaging and consumer products from emerging nations such as India, China, Japan, and South Korea. Moreover, Asia Pacific also leads in terms of producing Peelable Seal Resin.
Based on the end-user industry, the global Peelable Seal Resin market is segmented into Film to tray, Film to Film, Film to paperboard, Film to Foil, Film to paper. Among these, Film to tray sector is dominating the global Peelable Seal Resin market.
Major players in the global Peelable Seal Resin market are Lyondell Basell Industries Ltd, Arkema Functional Polymers, Dupont Packaging & Industrial Polymers, Mitsubishi Chemicals, Yashura Chemical Company Ltd.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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Objective of the Study:
• To assess the demand-supply scenario of Peelable Seal Resin which covers production, demand and supply of Peelable Seal Resin market in the globe.
• To analyse and forecast the market size of Peelable Seal Resin
• To classify and forecast Global Peelable Seal Resin market based on end-use and regional distribution.
To extract data for Global Peelable Seal Resin market, primary research surveys were conducted with Peelable Seal Resin manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Peelable Seal Resin market over the coming years.
ChemAnalyst calculated Peelable Seal Resin demand in the globe by analyzing the historical data and demand forecast which was carried out considering the supply and demand of Peelable Seal Resin across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Peelable Seal Resin manufacturers and other stakeholders
• Organizations, forums and alliances related to Peelable Seal Resin distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Peelable Seal Resin manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Peelable Seal Resin s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Growth Rate
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CAGR of 5.28% from 2023 to 2030
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2030
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Quantitative units
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Demand by Grade, Demand in thousand tonnes and CAGR from 2023 to 2030
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Report coverage
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Industry Market Size, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap
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Segments covered
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By Grade: Ethyl Methyl Acrylate (EMA), Polybutene, Ethylene Vinyl Acetate (EVA) and Others
By End-Use: (Film to tray, Film to Film, Film to paperboard, Film to Foil, Film to paper)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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