Heat Seal Coatings Market is Segmented By Polymer Type (Ethylene-Vinyl Acetate (EVA), Polyethylene Terephthalate (PET), PVC-Copolymer, VinylCopolymer, Polypropylene (PP)), By Solubility (Water-Based, Solvent-Based, Others), By Substrate (Plastic, Metal, Paper, Others), By Application (Bank Notes, Reportable Lidding, Ovenable Container, In-Mold Label, Credit Card, Others), By End-User (Food & Beverage, Pharmaceutical, Banking & Finance, Personal Care & Cosmetics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
The Global heat seal coatings market is expected to grow at a CAGR of 6.2% during the forecast period 2024-2031.
Heat seal coating is a thermoplastic coating applied to various laminates or films. It is designed to adhere to different substrates such as metal, plastic, and paper, using pressure and heat to form the seal. The coating is utilized in multiple lidding applications, including dairy, condiments, and reportable and ovenable containers. In addition, it is also used for in-mold labeling, medical packaging, and some industrial uses.
Heat seal coating is supplied in water-borne, solvent-borne, and some cases as solid resins based on solubility. Therefore, several chemistries are available to meet the myriad of potential end-use applications.
Market Summary
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Metrics |
Details |
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Market CAGR |
6.2% |
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Segments Covered |
By Polymer Type, By Solubility, By Substrate, By Application, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Market Dynamics
The market's bio-based heat seal coating penetration is expected to drive the global market. However, the substitutes available in cold seal coating are expected to restrain the market.
The market's bio-based heat seal coating penetration is expected to drive the global market.
Environmental pollution is increasing rapidly as the global economy is growing. According to the World Health Organization (WHO) report, in 2016, 92% of the world's population were exposed to atmospheric pollution of hazardous level. Further, International Energy Agency (IEA) stated that 6.5 million died due to atmospheric pollution in 2016. One of the major causes of atmospheric pollution is utilizing organic solvents during industrial production.
Paper and packaging professionals have used bio-based or cellulosic polymers and paperboard to construct compostable structures. Despite this, they have continued to use heat seal coatings that are not compostable by nature. As a result, most packaging containers, such as hot cups, wind up in landfills or the environment. However, as global compostability norms become more stringent, companies are innovating and developing new coating, called bio-based heat seal coating, through which packaging companies can create commercially compostable structures.
For instance, in May 2020, Henkel's adhesives and coatings business expanded its 'made for recycling' RE portfolio with the Loctite Liofol HS 2809-22 RE solution. It is a heat seal coating that's been certified for paper recycling. Loctite Liofol HS 2809-22 RE offers new and sustainable design possibilities by permitting the replacement of polyethylene (PE) with paper in several primary and secondary packaging applications for food and non-food applications.
The substitutes available in cold seal coating are expected to restrain the market
Cold seal coating is applied wet to the substrate and then immediately dried before reeling up at the end of the press. The major advantage of cold seal technology is its speed. The processing time with cold seal coating is faster because the production lines don’t need to wait for the heat to generate in the initial process. On the other hand, heat seal coating usually requires priming to design the base film properly, which adds time and cost to package production lines. Therefore, the cold seal process can be 10 times faster than heat seal packaging.
Moreover, heat-sensitive items are not destroyed if the production line pauses for any reason during cold seal coating, preventing waste and associated losses. Further, the absence of heat eliminates burn injuries, making employees safer.
COVID-19 Impact on Market
Since heat seal coating is extensively utilized in the packaging sector, particularly medical and food & beverage applications, the market is directly affected by the impact. During the COVID-19 pandemic, various businesses, including the packaging industry, food & beverage, and medical, were considered important and never shut down, ensuring demand for packaging and tool & die components. The packaging sector was operating at 83-95% capacity in mid-April 2020.
Moreover, the pandemic significantly influenced the food and beverage industries. The pandemic harmed meat packaging in the short term, resulting in some consumer shortages. On the other hand, fast-food restaurants saw a surge in demand. Moreover, the demand for PPE, face masks for medical and consumer markets, gauze, bandages, wound products, surgical sponges, and similar products soared in the medical device and life sciences business.
Market Segment Analysis
The global heat seal coatings market is segmented into water-based, solvent-based, and others based on solubility.
Water-based heat seal coating is an environmentally friendly coating formulation. There are no volatile organic chemicals in it. When the water in the formulation evaporates or absorbs into the substrate, leaving the adhesive behind, the coatings produce a bond between the two substrates. On the other hand, solvent-based heat seal coatings, which contain 70-80% organic solvent, leak the solvent directly into the open air, polluting the environment.
Therefore, companies are developing water-based heat seal coatings to meet the demand. For instance, in November 2017, Mitsui Chemicals, Inc. announced the successful development of the XSP series of Chemipearl™, a high-performance water-based heat seal coating for pharmaceutical blister packaging. Chemipearl™ XSP would provide an environment-friendly option and help companies reduce VOC emissions. Further, it would indirectly help pharmaceutical businesses reduce their carbon footprints and move towards sustainability.
Market Geographical Share
Based on geography, the global heat seal coatings market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa.
Asia-Pacific is expected to have a significant share of the increasing demand for flexible packaging in the region. The food and pharmaceutical packaging sectors primarily drive the flexible packaging industry in the area. According to Nestle India Chairman, the packaged food market in India is likely to quadruple in the next 5-10 years, reaching US$ 70,000 million.
The demographic dividend, economic growth, and expanding e-commerce are driving the expansion. In addition, India would have almost 140 million affordable classes and wealth between 2018 and 2030. Furthermore, the Indian government offers a production-linked incentive (PLI) scheme for the food processing business, a good step for the industry with the best capital-to-labor ratio.
Companies and Competitive Landscape
The global heat seal coatings market is competitive and fragmented due to several multinational and regional companies. Major players in the market include Mica Corporation, Bostik, Dow, Henkel AG & Co. KGaA, Evonik Industries AG, ChemPoint, Michelman, Inc., Paramelt B.V., Mitsui Chemicals, Inc. and H.B. Fuller Company, among others. The major players in the market are known to incorporate numerous market strategies to achieve growth in the global heat seal coatings market; these include acquisitions, mergers, product launches, contributions, and collaborations.
Mica Corporation
Overview: Mica Corporation is a U.S.-based chemical company specializing in manufacturing and supplying heat seal coatings. The company is headquartered in Connecticut, U.S. In addition, the company has a global presence with sales offices in 13 countries and product stores in 11 locations worldwide.
Product Portfolio: Mica Corporation offers MICA M-2824, a water-based heating seal coating. It is designed to promote face-to-face heat-sealing of paper and foil. Further, it provides excellent printability to substrates, especially paper.
Key Development: In June 2020, Mica Corporation introduced its first compostable heat seal coating, MICA MC-634. The product has passed the Biodegradable Product Institute’s PFAS Fluorine analysis and compostability testing requirements, including the ASTM D6400.
The global heat seal coatings market report would provide approximately 77 tables, 80 figures, and almost 220 pages.
