February 21, 2024
Seal Paper Market

The Global Seal Paper Market Propelled by Growing E-commerce Industry

Seal paper is used as a transparent layer to seal packages of food items, pharmaceutical products, and other consumer goods to maintain product freshness and avoid contamination. It is usually made from polymer-coated or laminated paper and has high tensile strength, moisture resistance, and sealing ability. Seal paper plays a crucial role in packaging as it acts as a barrier to prevent leakage and maintains the quality and shelf life of packaged products during transportation and storage. Growing demand for packaged and processed food owing to changing lifestyles and rising disposable income has led to an expansion in the food packaging industry. Additionally, the burgeoning e-commerce sector relies heavily on secure packaging of shipped goods, thus fueling sales of seal paper. The global seal paper market provides ample opportunities for producing companies to introduce innovative papers customized as per application-specific requirements of end-use industries.

The global Seal Paper Market is estimated to be valued at US$ 18.25 Mn in 2024 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.

Market key trends:

One of the major trends witnessed in the global seal paper market is the growing demand for biodegradable and eco-friendly papers. Concerns over excessive plastic usage and its adverse environmental impacts have compelled manufacturers to develop sustainable packaging solutions. Leading seal paper producers are extensively researching the potential of agricultural residues and biopolymers to create renewable, compostable papers without compromising on functionality. Plant-based seal papers that can decompose completely after use are gaining traction from FMCG companies targeting the green consumer segment. Furthermore, advances in printing technologies allow multi-color and digital printing on seal paper, enabling brands to utilize them for visual merchandising and anti-counterfeiting purposes. Innovations such as printed time temperature indicators and security features are being integrated to enhance the quality and aesthetic appeal of seal papers.

Porter’s Analysis

Threat of New Entrants: Low. Entry barriers are high due to high capital requirements for R&D and production facilities.

Bargaining Power of Buyers: High. Many buyers in fragmented industry with low switching costs.

Bargaining Power of Suppliers: Moderate. Major suppliers have some pricing power due to differentiated offerings.

Threat of Substitute Products: High. Alternatives exist and some buyers may substitute for perceived better value or convenience.

Competitive Rivalry: High. Many competitors differentiate through branding, quality, or customer service leading to intense competition.

Key Takeaways

The Global Seal Paper Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The market size for seal paper is projected to reach US$ 18.25 Mn by 2024.

Regional analysis – Asia Pacific region holds the major market share in seal paper market due to growing packaging industry in countries like China and India. Demand for sustainable and biodegradable packaging will drive growth in this region.

Key players – Key players operating in the seal paper market are Algenol, Solazyme (TerraVia Holdings), Sapphire Energy, Cyanotech Corporation, Algae Systems, E.I.D.- Parry (India) Limited (Parry Nutraceuticals), Evonik Industries, Cargill, Incorporated, DIC Corporation (Spirulina production), Cellana. Major players are investing in R&D to develop innovative products and focussing on strategic partnerships to expand their presence in emerging markets.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it