The bag closures market is capturing a valuation of USD 217.1 million in 2023 and is predicted to reach USD 385.1 million by 2033. The market is registering a CAGR of 5.9% during the forecast period.
Consumers' growing preference for reusable packaged foods has sparked a surge in demand for bag closures in recent years. Growing demand for bread and confessional products presents a significant potential opportunity for bag closure consumption growth over the coming years.
| Attribute | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.9% |
| Market Valuation (2023) | USD 217.1 million |
| Market Valuation (2033) | USD 385.1 million |
Increasing Demand for Reusable Packaged Food Products Drive Sales of Bag Closures & Seals, Especially Clips & Twist Ties
Sales of bag closures are closely linked to the demand for reusable packaged food products, the popular of which are bakery and confectionery items. Flexible packaging for bread processing is the prominent end user of bread clips, which number millions daily. As sales of bakery products continue to reflect above-average consumption habits, demand for these bag clips is projected to hold steady.
In addition to bread, many cafés and bakery chains worldwide have increased demand for clips and twist ties. As these are used to close coffee, tea, and other products effectively. Thus, sales of bag closures are estimated to keep increasing over the coming years.
Availability of a Wide Range of Bakery Products to Augment Demand for Bag Closures and Seals
The introduction of a broad variety of bakery products for diet and health-conscious consumers, such as gluten-free and sugar-free, has also increased demand for bag closures. Thus, during the projection period, a rising consumer base for baked and confectionery goods is expected to add to the sales of bag closures.
Furthermore, various government and non-government organizations are working to limit the use of plastic in packaging. This has raised awareness within the packaging and plastic industries.
On the plus side, this has resulted in a considerable increase in demand for twist ties and the use of paperboard to manufacture re-closures. Twist ties are predicted to be significantly more environmentally friendly than plastic clips and are estimated to aid in eliminating single-use plastic.
Increasing Fashion Trend among Working Women Driving Need & Sales of Bag Clasps and Closures
The growing female workforce and increased brand recognition are fuelling global demand for handbags. Over the past several years, expanding the availability of designer bags in various styles has raised the demand for handbags.
Worldwide, the increased use of handbags among working-class women is projected to be a prominent trend. Rising demand for handbags subsequently increases the sales of bag clasps and closures.
Bag clasps and closures are available in different designs and sizes. An increase in the standard of living and the rising fashion craze is estimated to propel the demand for bag clasps and closures.
Increasing Environmental Awareness & Easy Availability of Durable Substitutes to Hinder Market Growth
During the projection period, easy availability of strong replacements and rising environmental concerns among people are projected to stifle market growth. Significant R&D expenditure on other cheaper products may also threaten market expansion.
As the general public becomes more aware of environmental concerns due to various programs on global warming. The population's thought process is shifting towards necessity over luxury. This can pose challenges to the market as fewer people are making multiple purchases and using the same products for longer periods.
The market expanded at a CAGR of 4.1% from 2018 to 2022. Demand for bag closures has risen dramatically in recent years. Bag closures and seals have regularly used packaging solutions for the packing and sealing of various sorts of bags.
Bag closures and seals are used for reclosing or sealing flexible bags made of less expensive materials with basic but effective designs. Bag seals and closures are commonly used in the food industry for baked goods, confectionery, powdered tea & coffee, and other products. Bag closure and seal manufacturers offer goods that can be used as labels or tags to display product and manufacturer information.
The global market is characterized by supply closure and seal products. Such as bread clips or bag closure clips, magnetic bag closures, drawstring closures, snap bag closures, zip closures, flap bag closures, clasp bag closures, tote bag closures, bag fasteners, and more. Various bag closure types are available in the market. Bags' weight and other physical parameters determine the strength and material capacity of bag closures and seals.
Furthermore, bag closure demand is influenced by its visibility among the target client group. A product such as a bag closure was previously beyond the reach of retail customers. It was only with the growth of organized retail that specialized and unique products such as bag closures began to emerge.
A wide range of items, including bag closures, have benefited from this transition. The evolution of e-commerce platforms from buying points to shopping platforms is one underlying driver. Due to the customers' continued exploration and experimentation with new items; products such as bag closures have found their way into mainstream customer marketplaces.
Biodegradability Quality of Paperboard Clips Dramatically Reduces Waste Caused by Plastic Clips
Paperboard is projected to be a game-changing material, ushering in a new era in the global market. Its strong design and biodegradability are likely to make it a popular alternative to plastic in clip production. Paper fastener evolution has been vital in reimagining the clips for appropriate closure.
According to this study, the paperboard segment is expected to represent an incremental opportunity by 2030. While complete replacement of plastic in packaging is unlikely, usage of paperboard clips is a relatively small product. It is expected to significantly impact the reduction in the accumulation of plastic trash.
North America to Hold Dominant Market Share Through 2030
The global market has been studied across North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA). The North America bag closures market accounts for a higher market share of around 38.5% in 2022. North America is estimated to continue to lead the global market, as demand for frozen meats, bread, and other packaged foods is expected to stay strong throughout the forecast period.
The Europe market is expected to account for a market share of around 18.9%. Clips are estimated to likely benefit from increased cereals for breakfast consumption across Europe. These are mostly employed in home settings and are accessible to retail consumers at mom-and-pop retail establishments. The rising cost of coffee and tea has also driven demand for resealing closures to keep them from spoiling due to air moisture.
The Latin American market is estimated to account for 9.7% of the global market share in 2022. Bag closure production in Latin America is keeping up with demand, but small and regular packaging companies are expanding their services to include bag closures.
The Asia Pacific market is estimated to account for 28% of the global market share in 2022. Plastic bag re-possibility has given the market a substantial consumer base in the Asia Pacific. Clips and twist ties are now employed in various industries to re-close flexible packaging solutions, such as those used in agriculture, food and beverages, and garbage disposal.
The demand for bag closures in MEA is expected to progress slower than other regions, but this is expected to change slightly towards the end of 2030. In 2022, the market in MEA accounted for a 4.8% share of the global market.
Rising Food & Beverage Industry Driving Consumption of Bag Closures and Seals
As demand for baked products rises, China is estimated to provide enormous potential, putting East Asia on the globe. Dietary changes and substituting bread and other sweet foods for traditional meals are estimated to help this market grow.
Although China is recognized as being a tea-drinking country, coffee is gaining appeal, particularly among young Chinese customers. China's rising food and beverage industry is estimated to contribute significantly to the demand growth for bag closures. China is securing a CAGR of 7.9% in the global market by 2033.
Rising Demand for Healthcare Products to Drive Sales of Bag Closures
The prevalence of obesity and other health conditions has increased in the United States, igniting a renewed sense of health and fitness among the populace. Growing emphasis on health and fitness has boosted demand for healthy drinks, driving bag closure sales.
Other factors driving bag closure shipments in the United States include large beverage makers, a high spending potential population, and rising demand for alcoholic beverages, spirits, healthy drinks, and RTD beverages. The United States is registering a share of 31.8% in the global market during the forecast period.
The bag closures market is fragmented, with regional and global companies competing. The rise of regional companies and increasing investments in upstream applications are shaping the competitive landscape.
Leading bag closure manufacturers such as Kwik Lok Corporation, Schutte bag closures B.V., Bedford Industries Inc., Multi-Pack Solutions LLC, Plas-Ties Co., International Plastics Inc., AndFel Corp., Detmold Group, and GBE Product Packaging are included in this report.
Product launches, acquisitions, and partnerships are a part of the growth strategies of leading manufacturers of bag closures, all of which contribute to the global growth of the market.
Other Prominent Players in the Global Market are:
Recent Developments in the Global Market are:
Velcro Companies announced its newly launched closure bags such as straps, adhesive-backed tapes, and specialty fasteners. The company continues to innovate improved products to expand its business portfolio.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Material, Product, Application, Region |
| Key Companies Profiled | Plas-Ties, Co.; Kwik Lok Corporation; Schutte Bagclosures B.V.; Bedford Industries, Inc.; Multipack B.V.B.A.; International Plastics Inc.; Inno Bag Closure; Truseal (Pty) Ltd.; Vikela Aluvin Pty Ltd.; ITW Envopak Limited; T & T Industries Inc.; Zhenjiang Hongda Commodity Co., Ltd.; AndFel Corporation; Detmold Group; A. Rifkin Co.; HSA International Group. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Material, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Product, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 8: Global Market Volume (Units) Forecast by Application, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Material, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 14: North America Market Volume (Units) Forecast by Product, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 16: North America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 20: Latin America Market Volume (Units) Forecast by Material, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 22: Latin America Market Volume (Units) Forecast by Product, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 24: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 28: Europe Market Volume (Units) Forecast by Material, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 30: Europe Market Volume (Units) Forecast by Product, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 32: Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 36: Asia Pacific Market Volume (Units) Forecast by Material, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 38: Asia Pacific Market Volume (Units) Forecast by Product, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 40: Asia Pacific Market Volume (Units) Forecast by Application, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 44: MEA Market Volume (Units) Forecast by Material, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 46: MEA Market Volume (Units) Forecast by Product, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 48: MEA Market Volume (Units) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Material, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Product, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 10: Global Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 14: Global Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 18: Global Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 21: Global Market Attractiveness by Material, 2023 to 2033
Figure 22: Global Market Attractiveness by Product, 2023 to 2033
Figure 23: Global Market Attractiveness by Application, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Material, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Product, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 34: North America Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 38: North America Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 42: North America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 45: North America Market Attractiveness by Material, 2023 to 2033
Figure 46: North America Market Attractiveness by Product, 2023 to 2033
Figure 47: North America Market Attractiveness by Application, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Material, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Product, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 58: Latin America Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 62: Latin America Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 66: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Material, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Product, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Material, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 82: Europe Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 86: Europe Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 90: Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 93: Europe Market Attractiveness by Material, 2023 to 2033
Figure 94: Europe Market Attractiveness by Product, 2023 to 2033
Figure 95: Europe Market Attractiveness by Application, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Material, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Product, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Material, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Product, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Material, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Product, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 130: MEA Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 134: MEA Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 138: MEA Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 141: MEA Market Attractiveness by Material, 2023 to 2033
Figure 142: MEA Market Attractiveness by Product, 2023 to 2033
Figure 143: MEA Market Attractiveness by Application, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
By 2023-end, the fruit powders market will reach a valuation of USD 217.1 million.
The global market size is to reach USD 385.1 million by 2033.
Increasing demand for reusable packaged food products drives sales in the market.
Increasing environmental awareness and easy availability of durable substitutes limits market potential.
The increasing fashion styles trending among working women is a popular trend in the market.
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Bag Closures Market
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