by Seal paper is a type of self-adhesive paper that is widely used for sealing carton boxes and envelopes. It has a layer of hot melt adhesive coating on one side for sealing. Seal paper finds major applications in food and beverages, cosmetics, pharmaceuticals, and industrial uses for sealing boxes and envelopes during packaging and transportation. The increasing preference toward environment-friendly and sustainable packaging products is fueling the demand for seal paper across various end-use industries. The global seal paper market is driven by factors like growing e-commerce industry and increasing demand for smarter packaging solutions.
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 Dynamics
Growing E-commerce Industry: The rapidly expanding e-commerce sector presents numerous growth opportunities for the seal paper market. Online shopping and deliveries require secure packaging of goods and seal paper effectively provides tamper-evident and leak-proof packaging solutions. Various online retailers use seal paper for sealing boxes during deliveries. Moreover, increasing penetration of the internet and rise in mobile commerce is expected to boost the demand for seal paper in the coming years.
Demand for Sustainable Packaging: Another major factor driving the seal paper market is the rising preference toward sustainable and environment-friendly packaging products. Seal paper offers a recyclable and compostable packaging solution. It helps reduce the usage of plastic in packaging. The growing focus on reducing plastic waste and adopting circular economy is pushing various end-use industries to switch to sustainable packaging options like seal paper. This, in turn, is propelling the market growth.
Segment Analysis
The seal paper market is dominated by the packaging sub segment which holds around 60% market share. This is because seal paper finds major application in packaging of food and beverages primarily to provide moisture barrier and extend shelf life. Seal paper provides an affordable packaging solution for perishable food items and beverages.
PEST Analysis
Political: There are no major political factors affecting the seal paper market.
Economic: Growth of the food packaging industry drives demand for seal papers. Rising disposable income levels globally increase demand for packaged food and beverages.
Social: Changing lifestyle and consumption patterns favoring convenience packaged food bolsters market growth.
Technological: Advances in material science aid development of high-performance seal papers offering better barrier properties.
Key Takeaways
The Global Seal Paper Market Growth is expected to witness high over the forecast period of 2024 to 2031.
Regional analysis: Asia Pacific dominates the global seal paper market and is expected to maintain its leading position over the forecast period. This is owing to rising incomes, large population, and growth of the food industry in countries such as China and India.
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
