Growth opportunities in the Resealable Packaging Market look promising over the next six years. This is mainly due to accelerating urban population, and the increasing focus of organizations to develop flexible and reusable packaging products.
Resealable Packaging Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Rapid urbanization, altering lifestyle, augmented demand of packaged focus, and increasing emphasis of companies towards the evolution of adjustable, recyclable, and environmentally viable packaging products are some of the prominent drivers propelling the growth of the global resealable packaging market. Also, they offer enormous beneficial features which include expanded product life, product distinction, visually attractive for shoppers, easy to open and reseal, convenience of storage, along with the help in sustaining the freshness of products and promotes sustainability. All these features are projected to raise the demand across various industries such as cosmetics and personal care, consumer goods, healthcare, and food & beverages. Moreover, in accordance with the Food and Agriculture Organisation (FAO) of UN, approximately one-third of the food produced for human consumption is wasted globally, which totals to about 1.3 billion tons per year. Additionally, as per a survey conducted by the Flexible Packaging Association (FPA) out of 2,120 consumers, 60% consumers are ready to spend more for tangible and functional packaging benefits that include resealability, ease of retention and unlock. The surging consciousness concerned with the environmental safety and waste reduction will further supplement the market growth. However, the excessive manufacturing cost and insufficient equipment for high-speed filling to pack chemical, cosmetics, and food items will hamper the market growth. Furthermore, the widespread outbreak of the coronavirus pandemic resulted in disturbance in supply chain and decline of the manufacturing process which is contracting the resealable packaging market share.
Application Segment Drivers
Based on application, food & beverage segment is predicted to dominate the market during the forecast period. This is primarily attributed to the expanding food industry, mounting demand of packaged foods and beverages, and growing implementation for protecting food products such as fruit, meats, cheese from drying out and external contamination. Additionally, they offer immense level of comfort to customers in opening and accessing the content; resealing the bag to secure the freshness of food products; enables the food to stay in its original packaging, and suppressing the requirement for any additional storage materials.
Resealable Packaging Market’s leading Manufacturers:
- ProAmpac
- Bischof + Klein SE & Co. KG
- Flexico SARL
- Zip-Pak
- C-P Flexible Packaging
- Wyke Farms
- VELTEKO s.r.o.
- Sei s.p.a
- Universal Flexible Packaging Ltd
- Comexi
Resealable Packaging Market Segmentation:
Segmentation by Type
- Zippers
- Screw Caps
- Cross Tie
- Re-sealable Films
- Flaps
- Others
Segmentation by Material
- Biodegradable Films
- Polyethylene
- Polyester
- Polypropylene
- Pressure Sensitive Tape
- Plastics
- Aluminium
- Others
Segmentation by Application
- Food & Beverages
- Cosmetic & Personal Care
- Electronics
- Consumer Products
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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