The tray sealing film market has witnessed significant growth in the last few years and this is likely to continue during the forecast period. This is mainly due to the increasing demand for handy food products comprising frozen foods, prepared meals, and meat products, due to their convenience in consuming and purchasing. Growing consumption of prepared meals owing to busy schedules and increasing health concerns are anticipated to enhance global market growth.
According to Data Bridge Market Research the Tray Sealing Film Market is expected to grow with a CAGR of 6.00% in the forecast period of 2022 to 2029.
“Growing importance of tray sealing films”
Brand owners and manufacturers are taking advantage of tray sealing films as a promotional medium. Almost all leading food packaging companies adopt this trend as a marketing and promotional tool, which is expected to drive the demand for the tray sealing films. Various manufacturers are also providing several embossing and printing options to attract more customers. Tray sealing films are much recommended for packaging meat and related products because these films have excellent barrier properties against moisture, air and microbes. The advanced barrier layer of tray sealing films preserves the aroma and taste of products while also resisting oil. Moreover, these benefits of tray sealing film drive the growth of the tray sealing film market.
What restraints the growth of Tray Sealing Film Market?
“Increasing environmental concerns”
Rising concern regarding environment owing to the wide usage of non-biodegradable plastic tray sealing films is expected to restrict the market growth during the forecast period. Moreover, increasing regulatory authorities’ rules and regulation regarding the usage of plastic packaging coupled with growing sustainable awareness among people further anticipated to obstruct the growth of market.
Segmentation: Tray Sealing Film Market
The tray sealing film market is segmented on the basis of type and application.
- On the basis of film type, the tray sealing film market is segmented into film type and application.
- Based on application, the tray sealing film market is segmented into industrial goods, consumer products packaging, medical and pharmaceutical, food and beverage, automotive parts.
Regional Insights: North America is expected to dominate the Tray Sealing Film Market
North America is expected to dominate the market and is expected to grow significantly owing to the presence of large number of hypermarkets and supermarkets along with the growing demand for the packaged food and beverages in this region. Furthermore, growing presence of large consumer base inclined toward packaged food will further increase the growth of the market in this region,
- In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 because major market players are focusing on manufacturing of eco-friendly tray sealing films in this region. Furthermore, major investments in the food and beverage sector will further surge the market demand in this region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-tray-sealing-film-market
The Prominent Key Players Operating in the Tray Sealing Film Market Include:
- WONDER PACKAGINGS (India)
- Shrinath Rotopack (India)
- Crawford Packaging (Canada)
- The Platinum Package Group (U.S.)
- The Vacuum Pouch Co. Ltd (U.K.)
- Merck KGaA (Germany)
- VIJAY PLASTIC INDUSTRIES (India)
- Mondi (U.K.)
- Wipak Group (Finland)
- AR Packaging (U.S.)
- Eastern Web Handling (U.S.)
- Ultimate Flexipack Ltd (UFL) (India)
Above are the key players covered in the report, to know about more and exhaustive list Tray Sealing Film Market companies contact, https://www.databridgemarketresearch.com/reports/global-tray-sealing-film-market
Research Methodology: Global Tray Sealing Film Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
