Cold Seal Packaging Market REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global cold seal packaging market size was USD 90.76 million in 2022 and the market is projected to touch USD 305.12 million by 2032 at a CAGR of 12.89% during the forecast period.
Cold seal packaging is a flexible packaging solution that relies on pressure-sensitive adhesive rather than heat for sealing. It is characterized by its ease of use, tear resistance, and versatility, making it suitable for various applications. Commonly found in food, medical, and confectionery industries, cold seal packaging ensures product freshness, tamper-evident sealing, and protection for heat-sensitive items. It is also employed in marketing materials, electronics, and hygiene products.
Cold seal packaging is a cost-effective and efficient choice for preserving product quality while simplifying the packaging process. Its pressure-activated adhesive layer activates upon application, allowing for secure seals without the need for heat-sealing equipment. This method minimizes the risk of heat-related damage to products and is particularly valuable for industries where heat sensitivity is a concern, such as pharmaceuticals, confectionery, and hygiene products.
COVID-19 IMPACT: Increased Demand for Packaged Food and Snacks to Boost Demand Significantly
The COVID-19 pandemic has been unprecedented and staggering, with cold seal packaging experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
COVID-19 had a life changing impact globally. The cold seal packaging market growth was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for cold seal packaging share experienced an increased demand.
As consumers increasingly turned to online shopping and home deliveries, there was a shift in packaging preferences. Cold seal packaging materials, which are often used for individually wrapped items like candy bars and snack packets, became more relevant in the context of e-commerce packaging. They offer tamper-evident and secure packaging for products delivered directly to consumers' homes. The pandemic disrupted global supply chains, leading to occasional shortages and delays in the production and distribution of packaging materials, including cold seal films. Manufacturers faced challenges in sourcing raw materials and ensuring a consistent supply of packaging materials.
During the pandemic, there was a surge in demand for packaged food and snacks, as consumers sought convenient and shelf-stable options for home consumption. Cold seal packaging is commonly used for these products, particularly in the confectionery and snack industries. This increased demand placed additional pressure on manufacturers to produce more cold seal packaging materials. In the healthcare and medical industries, cold seal packaging materials are commonly used for sterile medical kits and pharmaceutical blister packs. The pandemic reinforced the importance of hygiene and sterility, leading to heightened demand for cold seal packaging in these sectors. The market is anticipated to boost the market growth following the pandemic.
LATEST TRENDS
"Smart Packaging to Broaden Market Growth"
Cold seal packaging is beginning to incorporate smart packaging features, such as QR codes or NFC tags. These technologies allow consumers to access additional product information, promotions, and other interactive content using their smartphones. There's a growing emphasis on sustainability in packaging, including cold seal packaging. Manufacturers are exploring eco-friendly materials, such as recyclable and compostable films, to meet consumer demands for more sustainable packaging options.
To extend the shelf life of products, cold seal packaging is incorporating advanced barrier properties. These properties help protect products from moisture, oxygen, and other external factors that can affect their quality. Packaging designers are focusing on user convenience. Cold seal packages with easy-to-open features, such as tear strips or perforations, are becoming more common to enhance the consumer experience. These latest developments are anticipated to boost the cold seal packaging market share.
Cold Seal Packaging Market SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type
Based on type, the market is divided into Polypaper, Film, and Others.
Polypaper holds a major share of the global market.
- By Application
Based on application, the market is bifurcated into Food Industry, Pharmaceuticals, and Others.
Food Industry as application holds a major share of the global market.
DRIVING FACTORS
"Product Freshness and Shelf Life to Boost Market Share"
Cold seal packaging offers easy-to-open and resalable features, making it convenient for consumers to access and store products. This convenience factor enhances the overall consumer experience and can drive brand loyalty. Cold seal packaging provides excellent barrier properties against moisture, oxygen, and light, which helps preserve the freshness and extend the shelf life of perishable and sensitive products, such as food and pharmaceuticals. These factors are anticipated to drive the market growth.
"Pharmaceutical Compliance to Boost Market Growth"
Cold seal packaging is used in the pharmaceutical industry to meet strict regulatory requirements, including tamper-evident features and the protection of sensitive medications from external factors. In the medical device industry, cold seal packaging is crucial for ensuring sterility and protecting medical instruments and equipment during transportation and storage. Ongoing innovation in materials and technology continues to improve the performance and versatility of cold seal packaging, making it suitable for an expanding range of products and applications. These factors are anticipated to drive the market share.
RESTRAINING FACTORS
"Limited Heat Resistance to Hamper Market Share"
Cold seal packaging may not be suitable for products that require heat resistance during transportation or storage. Heat can cause the adhesive to activate prematurely, potentially leading to seal failures. Cold seal packaging materials can be sensitive to moisture. High humidity or exposure to liquids can affect the performance of the adhesive and lead to seal issues. Although cold seal packaging eliminates the need for heat-sealing equipment, it may require specialized machinery and knowledge for proper setup and operation. Smaller manufacturers or businesses may find it challenging to invest in such equipment. The factors are anticipated to hinder the growth of the market growth.
Cold Seal Packaging Market REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Asia Pacific to Dominate the Market owing to Increase in the Consumer’s Demand"
Asia Pacific is the major shareholder for the market size. APAC is home to some of the world's most populous countries. The region's large consumer base drives demand for various types of packaging, including cold seal packaging, especially as consumer preferences for convenience and product safety continue to grow. Many global packaging manufacturers have set up production facilities in APAC due to cost advantages, skilled labor, and access to raw materials. These manufacturing facilities contribute to the overall growth of the cold seal packaging market.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Bags and Pouches Pte. Ltd. [Singapore]
- Kendall [U.S.]
- Uniflex [Russia]
- Guangzhou Heyusheng [China]
- American Printpak [U.S.]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 90.76 Million in 2022 |
Market Size Value By |
US$ 305.12 Million by 2032 |
Growth Rate |
CAGR of 12.89% from 2022 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the cold seal packaging market expected to touch by 2032?
The global cold seal packaging market is expected to reach USD 305.12 million by 2032.
-
What CAGR is the cold seal packaging market expected to exhibit by 2032?
The cold seal packaging market is expected to exhibit a CAGR of 12.89% by 2032.
-
Which are the driving factors of the cold seal packaging market?
Product Freshness and Shelf Life and Pharmaceutical Compliance are drivers of this cold seal packaging market.
-
Which are the top companies operating in the cold seal packaging market?
Bags and Pouches Pte. Ltd., Kendall, Uniflex, Guangzhou Heyusheng, American Printpak are key companies operating in the cold seal packaging market.