Heat seal coatings are thermoplastic coatings, which can be applied to a variety of films or laminates. Heat seal coatings are designed to adhere to different substrates using heat and pressure to form the seal. Heat seal coatings are used in flexible packaging structures to protect food and other consumer products from threat of spoilage and contamination during handling and storage. Flexible packaging films do not heat seal unless pushed beyond their melting temperatures, at which the film deforms and produces undesirable packaging. Heat seal coatings melt at lower temperatures than the film and produces an adequate heat seal without distorting the package. Heat seal coatings are used in various lidding applications including condiments & dairy, and restorable & ovenable containers. Other applications include in-mold labelling, medical packaging, and other industrial uses. Heat seal coatings are available in water-based and solvent-based solutions as well as solid resins.

MARKET DYNAMICS

Growth of flexible packaging market is expected to drive demand for heat seal coatings over the forecast period. For instance, according to the U.S. Flexible Packaging Association, flexible packaging market in U.S. was valued at US$ 31.8 billion in 2018. Moreover, according to the same source, flexible packaging is the second largest packaging segment in the U.S. accounted for about 19% of the U.S. packaging market in 2018.

The increasing demand for water-based heat seal coating solutions from various end-use industries, owing to their environment friendly nature is expected to drive the market growth of the heat seal coatings over the forecast period. Water-based heat seal coatings help packaging companies to reduce the volatile organic compounds (VOCs) emissions and aids companies to reduce their carbon footprint, and move towards sustainable packaging solutions.

MARKET OUTLOOK

Among regions, Asia Pacific is expected to be the fastest-growing region in the heat seal coatings market during the forecast period, owing to rapid urbanization and changing lifestyle, which has led to increasing demand for ready-to-eat or convenience food products in the region. For instance, according to the United Nations’ World Urbanization Prospects 2018, 55% of global population currently resides in urban area, which is expected to grow by 68% in 2050. Moreover, according to the same source, growth in the global population could add another 2.5 billion people to urban areas by 2050, with close to 70% of this increase taking place in Asia.

KEY PLAYERS

Major players operating in the heat seal coatings market include Bostik, Inc., Bemis Company, Inc., Constantia Flexibles, DuPont de Nemours, Inc., Sonoco Products Company, Michelman, Inc., Tekni-Plex, Inc., Cattie Adhesives, Mitsui Chemicals, Inc., and Mica Corporation

Moreover, players operating in the market are focusing on various growth strategies such as new product launches, in order to expand their market presence. For instance, in October 2018, Bostik, Inc. launched its new anti-fog heat seal coating formulations, Vitel 1922AF, for food packaging applications. The new product is a 100% solid formulation designed for PET (Polyethylene Terephthalate) lid stock. The new product is designed to be used in refrigerable applications, in order to reduce fogging from moisture-containing food products.

MARKET TAXONOMY

On the basis of product type, the heat seal coatings market is segmented into:

Solid Resins
Water-based Heat Seal Coatings
Solvent-based Heat Seal Coatings

On the basis of end-use industry, the heat seal coatings market is segmented into:

Food & Beverage
Home & Personal Care
Medical & Pharmaceutical
Industrial

On the basis of region, the heat seal coatings market is segmented into:

Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
North America
- U.S.
- Canada
- Mexico
Europe
- U.K.
- Germany
- France
- Italy
- Russia
- Rest of the Europe
South America
- Brazil
- Argentina
- Rest of South America
Middle East
- GCC
- Israel
- Rest of Middle East
Africa
- North Africa
- Central Africa
- South Africa