July 16, 2024
Seal Paper Market

Digital Printing Technology is fastest growing segment fueling the growth of Seal Paper Market

Market Overview:
Seal paper is a paper specialty primarily used to wrap food items and food containers. Seal paper provides an effective barrier against moisture, grease, and dust. It enhances shelf-life and freshness of packaged goods.

Market key trends:
The rising demand for sustainable packaging solutions and reduced wastage is driving the growth of digital printing technology in seal paper market. Digital printing allows on-demand printing and eliminates the need for pre-printed inventory. It provides improved graphics and personalized designs at low costs. This technology facilitates small production runs and caters to the demand for customized solutions from small businesses. Growing e-commerce sector is another major trend stimulating the adoption of digitally printed seal paper for product branding and marketing. Wide applications in food packaging of meat, seafood, snacks, baked goods etc. are further propelling the seal paper market.

The Global Seal Paper Market Demand is estimated to be valued at US$ 15.84 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The global seal paper market is segmented based on type, application and region. On the basis of type, the seal paper market is segmented into white seal paper, colored seal paper, metallic seal paper and others. Among these, the white seal paper segment dominates the market and accounts for more than 35% share of the total seal paper market. White seal paper is widely used for packaging food & beverages, pharmaceuticals and industrial applications due to its bright look and ability to clearly display package contents.

Key Takeaways
The global seal paper market is expected to witness high growth, exhibiting CAGR of 7.0% over the forecast period, due to increasing demand for sustainable packaging from food & beverages and pharmaceutical industries.

Regional analysis
North America dominates the global seal paper market and accounts for more than 30% share of the total seal paper market. This is attributed to large scale food processing and pharmaceutical industries in the region. Asia Pacific exhibits the fastest growth in the seal paper market owing to rising consumption of packaged food products and increasing pharmaceutical production in India and China.

Key players
Key players operating in the seal paper market are Avery Dennison, 3M, Henkel, UPM Raflatac, CCL Industries, WS Packaging Group, Constantia Flexibles, R.R. Donnelley & Sons, Mondi, Amcor, Seiko Holdings, Reflex Labels, Coveris Holdings, Lintec Corporation, Stickythings, Torraspapel Adestor, Polylabel, Multi-Color Corporation, Secura Labels, Etisoftware. The market is highly fragmented with the presence of numerous local and global players. These key players are focusing on new product development and geographical expansion to gain higher market share.