Resealable Packaging Bags Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
The packaging industry has undergone various transformations and today companies are aiming towards flexible packaging adding features such as resealable finishes and providing a modern image with better functionality, which in turn is increasing the demand for resealable packaging bags. Resealable packaging bags 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 resealable packaging bags is easy to carry, store and can be utilized for frequent opening and closing. Resealable packaging bags 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 resealable packaging bags, the global resealable packaging bags market is segmented into:
- Pull tabs
- Cross tie
- Seal Tapes
- Screw Caps
Re-closable packaging bags is utilized by various industries for the safe delivery of the products to their customers. Some of the prominent end-user industries of resealable packaging bags include, medical and pharmaceutical industry, consumer products, food and beverages, and among others. The resealable packaging bags market depends on the consumers and innovation of new technologies for resealable packaging bags is expected to attract a wide range of consumers in the global resealable packaging bags market. In order to sustain in the market, the resealable packaging bags manufacturers have to stand out by aiding the consumers with innovative products from time to time. Further segmentation of the resealable packaging bags market is based on the material of the closures used for resealable packaging bags:
- Biodegradable films
- Pressure sensitive tape
Resealable packaging bags manufacturers are trying to bring reform in the industry by various ways of marketing the product, along with labeling which would enable the resealable packaging bags to be in the market without any breach in stability. Based on the changing trends in the global resealable packaging bags market, we have observed several key factors which is anticipated to drive the global resealable packaging bags market such as technological advancements, cost per package, and initiatives for sustainability.
Based on geography, the global resealable 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 resealable packaging bags market is one of the most lucrative markets for resealable packaging bags as end-users prefer re-closable packs which are easy to carry and use. The major driving factors which have driven the growth of resealable packaging bags market in this region are modern approaches towards preservation of flavor and texture of the product. North America market for resealable packaging bags is followed by Europe, and the resealable packaging bags market in Europe region is anticipated to increase at a steady CAGR during the forecast period.
Asia-Pacific resealable packaging bags market is expected to emerge as a lucrative market for resealable packaging bags 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 bags during the forecast period. China and India in particular will be key to demand for resealable packaging bags in the region.
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 bags market. Some of the key companies operating in the resealable packaging bags 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.
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- Market segments and sub-segments
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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, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and 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:
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- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
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