Global Re-sealable Packaging Bags Market: Industry Size, Share, Growth, Forecasts 2016 - 2024

Latest industry research report on: Global Re-sealable Packaging Bags Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

The packaging industry has undergone various transformations and today companies are aiming towards flexible packaging adding features such as re-sealable finishes and providing a modern image with better functionality. Re-sealable packaging provides convenience to the customers by easing the storage, maintaining the freshness of the products, easy opening, product protection, reliability and supporting sustainability. Additionally the product is easy to carry, store and can be utilized for frequent opening and closing. This kind of packaging has also reduced the waste generated, and fueled recycling. To drive product sales, manufacturers need to focus more on the product packaging as when the product is unconsumed, the user can conveniently store the product. On the basis of various types of re-sealable options we can segment the market into the following:

Zippers

Pull tabs

Drawstring

Strips

Seals

Cross tie

Flaps

Films

Zips-Up

Seal Tapes

Screw Caps

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Re-closable packaging is utilized by various industries for the safe delivery of the products to their customers. A few examples of these industries are, medical and pharmaceutical industry, consumer products, food and beverages, and various others. The industry depends on the consumers and the launch of new technologies attract a wide range of consumers. In order to sustain in the market, the manufacturers have to stand out by aiding the consumers with innovative products from time to time. Further segmentation of the packaging industry depends on the material of the closures and on the basis of various types of material we can classify the industry into the following:

Biodegradable films

Polyethylene

Polyester

Polypropylene

Pressure sensitive tape

Plastics

Aluminum

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Companies are trying to bring reform in the industry by various ways of marketing the product, along with labeling which would allow the product to be in the market without any breach in stability. Based on the changing industry trends, we have observed several key factors which drive the industry such as technological advancements, cost per package, and initiatives for sustainability.

Based on geography, the re-sealable packaging bags market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and Middle East-Africa (MEA). Currently, North America is one of the most lucrative markets for resealable packaging as end-users prefer re-closable packs which are easy to carry and use. The major driving factors which have driven the growth of the market in this region are modern approaches towards preservation of flavor and texture of the product. Following North America is Europe, and the market in the region is anticipated to increase at a steady CAGR during the forecast period.

Asia-Pacific is expected to emerge as a lucrative market for resealable packaging during the forecast period, owing to sheer demand from end-use industries. It is anticipated that emerging economies in Asia-Pacific will fuel the demand for resealable packaging during the forecast period. China and India in particular will be key to global demand for resealable packaging.

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It is anticipated that within the coming years there will be an entry of various players along with the existing well-established players in the resealable packaging market. Some of the key companies operating in the resealable packaging market are Comexi, C-P Flexible Packaging, Universal Flexible Packaging Ltd., Zip-Pak, Snack ’n Seal, Flexico, VELTEKO s.r.o., Bischof + Klein, Wyke Farms, J&J Snack Foods, Crystal Flex Packaging, Presto Products Company, Polymer Packaging Inc., Sealstrip Corporation, Tipper Tie and Polymer Packaging Inc. It is observed that a lot of small scale companies are involved in the industry as the market is growing at a rapid state.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)

Eastern Europe (Poland, Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)

Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

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