AUCKLAND, New Zealand, Feb. 20, 2023 /PRNewswire/ -- Data Bridge Market Research has recently published a Report, titled, "Semirigid PET Multilayers Film for Food Package Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. To flourish in this competitive market place, businesses are highly benefited if they adopt innovative solutions such as this Semirigid PET Multilayers Film for Food Package market research report. The market analysis and insights included in this business document presents key statistics on the market status of global and regional manufacturers and is an essential source of guidance, which provides right direction to the companies and individuals interested in the industry. The report also throws light on the market drivers and market restraints with the use of SWOT analysis. The comprehensive Semirigid PET Multilayers Film for Food Package market report acts as a backbone for the success of business in any sector.
Data Bridge Market Research analyses that the global semirigid PET multilayers film for food package market is expected to reach the value of USD 332,767.32 thousand by 2029, at a CAGR of 4.1% during the forecast period. Transparent/clear accounts for the largest type segment in the global semirigid PET multilayers film for food package market. The global semirigid PET multilayers film for food package market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Polyethylene Terephthalate is a clear, strong, lightweight plastic belonging to the polyester family. It is widely used as a food packaging material because it is hygienic, strong, lightweight, shatterproof, and retains freshness. The semirigid PET multilayers film has a combination of several layers. This significantly increases the shelf life by controlling oxygen, carbon dioxide, and moisture transmission rate.
Manufacturers and packaging designers prefer the semirigid PET multilayers film as they are safe, strong, transparent, and versatile. Their properties allow for superior innovation in terms of both package design and performance. It helps in protecting the integrity, freshness, and taste of the food items. Consumers highly recognize them due to their light weight, resealability, shatter resistance, and innovative style. They have good barrier properties that protect and preserve the contents of the package. They can be recycled easily, and the PET material can be used again for a wide range of applications.
Recent Developments
- In June 2022, Winpak Ltd. received ISCC (International Sustainability and Carbon Certification) PLUS Certificate for the use of Recycled Content. This certification provides traceability along the supply chain and verifies that companies meet environmental and social standards. ISCC PLUS certification proves that the process to be used by the company for the use of recycled content follows defined and transparent rules. This certification will enhance the company's image in the market and help it gain a competitive advantage
- In May 2022, Sealed Air launched a new portfolio of digital printing, design, and smart packaging solutions. These products have been found under a new brand - prismiq. The brand is aimed at creating value for customers through digital packaging solutions. This new product launch will help the company tap into future digital packaging and graphics, thereby enhancing its product offerings in the market
Some of the major players operating in the Semirigid PET Multilayers Film for Food Package market are:
- Wihuri Group,
- Evertis,
- Sealed Air,
- LivingJumbo Industry S.A.,
- Amcor plc, and
- Krehalon B.V. (A subsidiary of KUREHA CORPORATION)
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Semirigid PET Multilayers Film for Food Package market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Semirigid PET Multilayers Film for Food Package Market
Market Dynamics: Semirigid PET Multilayers Film for Food Package Market
- Growing usage of semirigid pet multilayer packaging film for preventing oxygen and water penetrability
In the current scenario, there is a huge demand for multilayer-based packaging films owing to shifting consumers' preference toward adopting packed food. Such films are co-extruded because they are created through a multilayer coextrusion process. The semirigid PET multilayer packaging film is made up of several layers of PETs as well as other materials that enhance the mechanical and physical properties of the film, such as puncture, tear, and heat resistance, as well as helping to prevent interaction with oxygen, moisture, and other gases such as carbon dioxide, as well as limiting the effect of mineral oil and UV light. Therefore, the increasing use of semirigid PET multilayer films for food packaging to protect packaged products from gases and moisture is expected to boost demand for these multilayer films, resulting in the growth of the global semirigid PET multilayers film for food package market
- Increasing demand and awareness for semirigid multilayer films for shelf-life
The increasing consumers' busy modern lifestyles and the resulting demand for convenient food packaging is constantly driving demand for semirigid PET multilayer films. This is because semirigid PET multilayer films help extend the product life of the package. The mixture of several polymer layers greatly increases shelf-life by controlling the rate of oxygen, carbon dioxide, and moisture transmission, as well as the concentration of oxygen inside the package, conserving the freshness of fresh produce for a prolonged period. People are becoming more aware of the semirigid PET multilayer film food packaging for longer shelf-life as their environmental concerns grow. Moreover, the spread of COVID-19 across most countries in the world has the demand for packaged food to rise by three folds than normal as consumers look to long shelf-life food products.
- Shifting consumer preferences towards the consumption of packaged foods
The immense global popularity of ready-to-eat food products is increasing, influencing consumer shifts toward packaged goods. Working professionals with a hectic work-life balance and an increasing workload are driving up demand for packaged food. Thus, rising demand for packaged foods is expected to aid in developing the global semirigid PET multilayer film market for food packaging. Food spoilage during handling and storage is also expected to drive uptake of packaging PET multilayer films in the coming years, as their impermeable nature makes them ideal for storing packaged food items. As a result of busier consumer lifestyles and the resulting demand for convenience food products through packaging, the growth of the global semirigid PET multilayers film for food package market may accelerate.
- Wide application scope of semirigid pet multilayers film in the food industry
PET film is used in many applications due to its unique optical, physical, mechanical, thermal, and chemical properties. It is primarily used in a wide range of semirigid PET multilayer film packaging applications, from food and drugs to industrial and consumer goods. For the barrier, metal adhesion is laminating adhesion, extrusion coating adhesion, printing, or sealing, as plain or metalized, formable, heat-shrinkable, and coated. PET multilayer film has exceptional properties for the packaging market. A semirigid PET multilayer film has a wide range of applications in the food industry, including meat, poultry, fish, dairy, snacks, beverages, dehydrated foods and cereals, bakery products, confectionery, pet food, and many others. A semirigid PET multilayer film has a wide range of applications in food packaging, including bread bags, pasta bags, snack & nutrition bars, high temperature/microwave/boil-in bag packaging, pet food packaging, and pouches/stand-up pouches/re-closable pouches or trays, and many others.
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Key Industry Segmentation: Semirigid PET Multilayers Film for Food Package Market
Type
- Transparent/Clear
- Colored
Product Type
- Bottles
- Boxes
- Jars
- Pouches
- Trays
- Repack
- Others
Packaging Size
- Less Than 100 Grams
- 101-200 Grams
- 201-300 Grams
- 301-500 Grams
- 500-1000 Grams
- More Than 1000 Grams
Application
- Food and Beverages
- Dietary Supplements
- Sports and Energy Drinks
Distribution Channel
- Direct
- Indirect
Regional Analysis/Insights: Semirigid PET Multilayers Film for Food Package Market
The global semirigid PET multilayers film for food package market report covers countries such as the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, Rest of Asia-Pacific, South Africa, Saudi Arabia, Egypt, Israel, United Arab Emirates, Rest of the Middle East and Africa.
China is expected to dominate the Asia-Pacific semirigid PET multilayers film for food package market due to the rising production and consumption of PET multilayers film for food packages. Germany is expected to dominate the Europe semirigid PET multilayers film for food package market as many European corporations have shifted their focus to niche markets with high quality and added value in the products. The U.S. is expected to dominate the North America semirigid PET multilayers film for food package market as the packaging market is being driven by reducing the weight of packing materials by reducing material usage without compromising the performance.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Semirigid PET Multilayers Film for Food Package Market: Regulations
- Market Overview
- Global Semirigid PET Multilayers Film for Food Package Market, By Type
- Global Semirigid PET Multilayers Film for Food Package Market, By Product Type
- Global Semirigid PET Multilayers Film for Food Package Market, By Packaging Size
- Global Semirigid PET Multilayers Film for Food Package Market, By Application
- Global Semirigid PET Multilayers Film for Food Package Market, By Distribution Channel
- Global Semirigid PET Multilayers Film for Food Package Market, By Region
- Global Semirigid PET Multilayers Film for Food Package Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-semirigid-pet-multilayers-film-for-food-package-market
Explore More Reports:
Europe Semirigid PET Multilayers Film for Food Package Market, By Type (Transparent/Clear and Colored), Product Type (Bottles, Boxes, Jars, Pouches, Trays, Repack, and Others), Packaging Size (Less Than 100 Grams, 101-200 Grams, 201-300 Grams, 301-500 Grams, 500-1000 Grams, and More Than 1000 Grams), Application (Food and Beverages, Dietary Supplements, Sports and Energy Drinks), Distribution Channel (Direct and Indirect) https://www.databridgemarketresearch.com/reports/europe-semirigid-pet-multilayers-film-for-food-package-market
Asia-Pacific Semirigid PET Multilayers Film for Food Package Market, By Type (Transparent/Clear and Colored), Product Type (Bottles, Boxes, Jars, Pouches, Trays, Repack, and Others), Packaging Size (Less Than 100 Grams, 101-200 Grams, 201-300 Grams, 301-500 Grams, 500-1000 Grams, and More Than 1000 Grams), Application (Food and Beverages, Dietary Supplements, Sports and Energy Drinks), Distribution Channel (Direct and Indirect) https://www.databridgemarketresearch.com/reports/asia-pacific-semirigid-pet-multilayers-film-for-food-package-market
Middle East and Africa Semirigid PET Multilayers Film for Food Package Market, By Type (Transparent/Clear and Colored), Product Type (Bottles, Boxes, Jars, Pouches, Trays, Repack, and Others), Packaging Size (Less Than 100 Grams, 101-200 Grams, 201-300 Grams, 301-500 Grams, 500-1000 Grams, and More Than 1000 Grams), Application (Food and Beverages, Dietary Supplements, Sports and Energy Drinks), Distribution Channel (Direct and Indirect) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-semirigid-pet-multilayers-film-for-food-package-market
North America Semirigid PET Multilayers Film for Food Package Market, By Type (Transparent/Clear and Colored), Product Type (Bottles, Boxes, Jars, Pouches, Trays, Repack, and Others), Packaging Size (Less Than 100 Grams, 101-200 Grams, 201-300 Grams, 301-500 Grams, 500-1000 Grams, and More Than 1000 Grams), Application (Food and Beverages, Dietary Supplements, Sports and Energy Drinks), Distribution Channel (Direct and Indirect) https://www.databridgemarketresearch.com/reports/north-america-semirigid-pet-multilayers-film-for-food-package-market
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