Resealable Films Market to Surpass a Valuation of US$ 7.4 Bn by the Year 2030 The global resealable films market is estimated to be valued at US$ 4.8 Bn at the end of 2020, and is anticipated to surpass a valuation of US$ 7.4 Bn by the year 2030. Presently, due to the COVID-19 outbreak, the resealable films market is experiencing significant setbacks, as demand is directly linked to the growth of end-use industries. However, demand for resealable films is gaining from applications such as meat, poultry, seafood, dairy, and fresh produce packaging. These films provide better protection against microorganisms, and thus, fulfil consumer demand for fresh, healthy, and convenient food products. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5235 Moreover, changing lifestyles in emerging economies have resulted in a shift in preference for on-the-go consumption, mainly due to time constraints. New advancements in resealable films have led to the introduction of improved retort pouch designs for convenience food products. This is resulting in ascending demand for resealable films. Furthermore, several characteristics such as convenience, ease of use, and efficacy are anticipated to drive sales in the resealable films market during the forecast period of 2020-2030. Key Takeaways from Resealable Films Market Study
The global resealable films market is projected to create an absolute $ opportunity of more than US$ 2.5 Bn, and anticipated to expand at a value CAGR of 4.4% during the forecast period. By material, polyethylene terephthalate (PET) films are set to hold a share-wide market dominance with over 33% of the total market value by the end of forecast period. By layer, multilayer resealable films are projected to expand at a value CAGR of 3.2%, and be valued 1.9X than monolayer films by the end of 2020. North America is projected to hold maximum share in the global resealable market, and is expected to grow 1.6X than South Asia & Oceania by the end of the forecast period. By application, fresh produce packaging is projected to surpass a market valuation of US$ 1.9 Bn by the end of 2030. For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5235 Key Segments of Resealable Films Market