Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 18 Billion | USD 23 Billion | 5.3% | 2022 |
The global cold seal packaging market size was evaluated at $18 billion in 2022 and is slated to hit $23 billion by the end of 2030 with a CAGR of nearly 5.3% between 2023 and 2030.
Cold seal packaging is a method of packaging products not requiring heat or adhesives. Moreover, cold seal packaging involves two kinds of films, one printed reversely and the second one offering a barrier for protecting the product from inside. These two films are laminated together to produce an inseparable web. In addition to this, the coal seal packaging process makes use of unique pressure-sensitive adhesives activated as a result of pressure, thereby increasing its use for packing products that are sensitive to heat and require delicate handling. Reportedly, coal seal packaging is utilized in the packaging of pharmaceuticals and consumer goods as well as other food products.
Growing demand for easy-to-use packaging solutions to boost the global market trends over the forecast timeline
The escalating popularity of easy-to-use packaging solutions is likely to translate into large-scale acceptance of cold-seal packaging, thereby steering the global cold-seal packaging market trends. Reportedly, the cold seal packaging provides improved protection to products, tamper-evident features, and enhanced shelf life, thereby steering the global market trends. Surging preference for eco-friendly and sustainable packaging solutions will embellish the expansion of the market across the globe. Furthermore, cold-seal packaging makes use of fewer materials along with outputting fewer wastes in comparison to conventional heat-sealing techniques. This, in turn, will steer the expansion of the market in the upcoming years.
Apart from this, the thriving e-commerce sector will proliferate the expansion of the market globally in the coming years. An increase in online shopping activities and the need for secure packaging to ensure safe product delivery will spearhead the global market surge in the coming years. Moreover, the launching of new products will contribute lucratively towards the growth of the global market. For instance, in August 2023, Sonoco Products Company, a key provider of consumer & protective packaging, launched two new cold seal packaging solutions to add to its existing line of EnviroFlex® Paper packaging products. Such strategic moves will steer the expansion of the market across the globe.
Low chemical resistivity can put brakes on the global industry expansion over the coming eight years
Lack of chemical resistance can put brakes on the global cold seal packaging industry. Apart from this, cold seal adhesives are sensitive to contact with air and this can further diminish the growth of the industry across the globe in the years to come.
Growing need for increasing packaging will generate new growth dimensions for the global market by 2030
The product offers excellent protection against contaminants and punctures, thereby increasing its suitability for shipping operations. Such favorable features will open new avenues of growth for the global cold seal packaging market. The surging application of cold seal packaging in pharmaceuticals and food sectors will translate into massive growth in the global market. Apart from this, cold-seal packaging can enhance the speed of packaging in comparison to heat-seal packaging. For the record, cold-seal packaging offers nearly 10x more speed in comparison to heat-seal packaging. All these aforementioned aspects will open new facets of growth for the global market.
Escalating necessity of huge chemical resistivity can prove to be a big challenge for the global industry
The massive need for cohesive material and the requirement of high chemical resistance as a prerequisite by the U.S. FDA can prove to be a huge challenge in the growth of the global cold seal packaging industry. High adhesive costs used in cold seal packaging can deter the expansion of the industry globally.
The cold seal packaging market is sectored into type, application, and region.
In product type terms, the cold seal packaging market across the globe is segregated into polypaper, thin, and others segments. Furthermore, the polypaper segment, which acquired nearly 37% of the global market revenue in 2022, is predicted to accrue the highest gains over the forecast timeline. The expansion of the segment during 2023-2030 can be a result of the ability of the product to offer a good barrier against moisture along with guaranteeing the vitality and freshness of the product that is packaged. Apart from this, the thin segment is anticipated to register the highest CAGR over the period from 2023 to 2024. The rapid segmental surge over the forecast timeline can be attributed to the beneficial features of thin cold-seal packaging such as puncture resistance, outstanding clarity, and flexibility.
Based on the application, the global cold seal packaging industry is sectored into the food industry and pharmaceuticals segments. Additionally, the food industry segment, which amassed a major chunk of the global industry share in 2022, is anticipated to lead the industry growth over the forecast timeline. The segmental expansion over 2023-2030 can be owing to the rise in the application of cold seal packaging for ready-to-eat diets. Furthermore, it offers outstanding seal strength along with retaining the vitality of food items. Apart from this, the pharmaceutical segment is slated to record the fastest CAGR over the coming eight years due to the massive use of cold seal packaging in healthcare, medicine, and medical devices owing to the former’s ability to provide tamper-evident packaging & protection to products against contaminants and moisture.
Report Attributes | Report Details |
---|---|
Report Name | Cold Seal Packaging Market |
Market Size in 2022 | USD 18 Billion |
Market Forecast in 2030 | USD 23 Billion |
Growth Rate | CAGR of 5.3% |
Number of Pages | 222 |
Key Companies Covered | PSG, Uniflex, Swisspac, Watershed Packaging, American Printpak, Cortec Corporation, Baoshengyuan, Bags and Pouches Pte. Ltd., Altea Packaging, Pouch Makers Canada, Guanzhou Heyusheng, Enmalyn, Rizon Group, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to retain its leading position in the global cold seal packaging market over the analysis timeline
North America, which contributed about 53% of the global cold seal packaging market revenue in 2022, will be a dominating region over the forecast timeline. Moreover, the regional market elevation over the forecasting timeline can be subject to a rise in the demand for sustainable packaging solutions in food and pharmaceutical sectors in countries such as the U.S. and Canada. Additionally, thriving e-commerce activities in these countries will further contribute to the expansion of the market in the sub-continent in the coming years. Major players in the market have launched new products in recent years. For instance, in September 2023, Amcor plc, a global packaging firm headquartered in Australia, introduced a high-barrier performance paper packaging in the sub-continent of North America.
The European cold seal packaging industry is set to record the fastest CAGR in the years ahead subject to large-scale product penetration in packaging consumer electronics goods, vehicles, medical equipment, and medicines in countries such as the UK, Italy, Germany, France, Luxemburg, and Russia. Furthermore, the large-scale presence of key manufacturers and vendors in the continent will open new growth opportunities for the industry in the continent. Moreover, firms are expanding their paper packaging manufacturing capacities in Europe along with investing massively in the paper packaging segment in the continent. For instance, in June 2023, Amcor plc, a key player manufacturing apt packaging solutions, declared the expansion of the packaging range of AmFiber™ Performance Paper in Europe.
Apart from this, in July 2023, Amcor also declared the of its AmFiber™ Performance Paper packaging solutions in Latin America, thereby offering high-barrier recyclable & sustainable paper packaging solutions to consumers in Latin America. This, in turn, will proliferate the size of the cold seal packaging market in the LATAM region.
The global cold seal packaging market profiles key players such as:
By Type
By Application
FrequentlyAsked Questions
Cold seal packaging is a method of packaging products not requiring heat or adhesives. Moreover, cold seal packaging involves two kinds of films, one printed reversely and the second one offering a barrier for protecting the product from inside.
The cold seal packaging market growth can be owing to a surging preference for eco-friendly and sustainable packaging solutions.
According to a study, the global cold seal packaging industry size was $18 billion in 2022 and is projected to reach $23 billion by the end of 2030.
The global cold seal packaging market is anticipated to record a CAGR of nearly 5.3% from 2023 to 2030.
The European cold seal packaging industry is set to register the fastest CAGR over the forecasting timeline owing to large-scale product penetration in packaging consumer electronics goods, vehicles, medical equipment, and medicines in countries such as the UK, Italy, Germany, France, Luxemburg, and Russia. Furthermore, the large-scale presence of key manufacturers and vendors in the continent will open new growth opportunities for the industry in the continent.
The cold seal packaging market is led by players such as PSG, Uniflex, Swisspac, Watershed Packaging, American Printpak, Cortec Corporation, Baoshengyuan, Bags and Pouches Pte. Ltd., Altea Packaging, Pouch Makers Canada, Guanzhou Heyusheng, Enmalyn, and Rizon Group.
The cold seal packaging market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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