According to ChemAnalyst report, “Global Peelable Seal Resin Market Analysis: Demand & Supply, Grade, End-User Industries, Sales Channel, Regional Demand 2015-2030”, The Peelable Seal Resin market has displayed a significant growth in the past years and is anticipated to further progress at an expected CAGR of 5.28% in the forecast period. The surging demand for Peelable Seal Resin for a wide range of packaging applications including dairy, snacks, hot-fill and retortable lidding and pouches, beverages, microwavable packaging, confectionary, blister packaging, medical packaging, etc., is anticipated to favour the Peelable Seal Resin market expansion in the upcoming years.
Peelable Seal Resins are made from one or more polymeric resins providing functional diversity such as controllable heat seal strength for easy peeling. They work perfectly with PE, PP, PS, PVC, CPET, Aluminum and Epoxy. These are also processable by blown and cast film and extrusion coating as well as offers steady and sustained performance across a variety of substrates in the peel market. Peelable seal resins are categorized into different grades such as Ethyl Methyl Acrylate (EMA), Polybutene, Ethylene Vinyl Acetate (EVA). Among these, EMA and Polybutene based peelable seal resins are preferred predominantly. Peelable resins are mostly utilized as sealants in lidding films for containers to preserve packaged products. Hence, the market for Peelable Seal Resins is driven by the Packaging sector as they provide convenience, safety as well as reduced packaging forces and is anticipated to grow at significant rate in the forecast period. Peelable Seal Resin is also gaining popularity as a substitute to synthetic lacquer coatings as during processing there is a negligible emission of volatile organic compounds.
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The Peelable Seal Resin market is segregated based on grade, end-use, sales channel, and region. Based on the end-user industry, the global Peelable Seal Resin market is segmented into Film to tray, Film to Film, Film to paperboard, Film to Foil, Film to paper. Among these, Film to tray sector is dominating the global Peelable Seal Resin market.
Based on region, Asia Pacific is dominating the market owing to an increase in demand from packaging and consumer products from emerging nations such as India, China, Japan and South Korea. Moreover, Asia Pacific also leads in terms of producing Peelable Seal Resin.
“Global Peelable Seal Resin Market Analysis: Demand & Supply, Grade, End-User Industries, Sales Channel, Regional Demand 2015-2030”, the significant players functional in the Global Peelable Seal Resin market are Lyondell Basell Industries Ltd, Arkema Functional Polymers, Dupont Packaging & Industrial Polymers, Mitsubishi Chemicals, Yashura Chemical Company Ltd.
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“Being closely related to the packaging business, which is constantly expanding due to fast industrialization, and shifting consumer preferences, the Peelable Seal Resin market has witnessed strong development. Due to its high demand from various end use industries and the growing demand, there is a huge potential for new manufacturers to invest in its market and therefore anticipated to propel its market in the forecast period. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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