Regional Analysis
- North America is expected to be the largest market for seal paper during the forecast period, accounting for over 41.2% of the market share in 2023. The growth of the market in North America is attributed to the established food and beverage and pharmaceutical industries driving demand.
- Asia Pacific is expected to be the second-largest market for seal paper, accounting for over 25% of the market share in 2023. The growth of the market is attributed to the expanding manufacturing sector and e-commerce industry in the region.
- Middle East & Africa is expected to be the fastest-growing market for seal paper, growing at a CAGR of over 8% during the forecast period. The growth of the market in Middle East & Africa is attributed to increasing demand from the oil and gas, food and beverage, and chemicals industries.
Figure 1. Global Seal Paper Market Share (%), By Region, 2023