Food packaging, regardless of whether flexible or stiff, is designed to keep food products fresh for a longer period. Since it isn't always feasible to consume the entire meal at once, re-close pack fulfills the function.
According to Future Market Insights, the food re-close packs market is expected to touch a valuation of US$ 305 Billion by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR of 5.5% has been anticipated, with an expected closing value worth US$ 520.97 Billion.
Data Points
Key Statistics
Expected Market Value in 2022
US$ 305 Billion
Projected Market Value in 2032
US$ 520.97 Billion
Growth Rate (2022-2032)
5.5% CAGR
Food Re-Close Packs are gaining prominence for keeping Food Fresh for prolonged Periods
Food re-close packs make it simple to take out a piece of food and store the rest for future use. The need to re-close a pack is more prevalent with party packs or significantly bigger food packs. The food sector is driven by product demand, and the amount of product produced is dependent on predicted demand.
As a result, the food sector sees it as advantageous to provide the market with the majority of its production volumes while continuing to produce fresh food. As a result, the food re-close pack industry was established to boost sales in the global food packaging sector.
The desire for bigger food packs that cannot be devoured entirely at one time drives the food re-close pack industry. Packaging in a consumer-driven business, such as the food industry, must appeal to the customer while still being easy to handle. The re-close pack undoubtedly benefits consumers when it comes to food products. Attractive colors and numbers on the packaging are also important in pushing the food re-close pack industry.
As per Future Market Insights research, the food would expire sooner if the usual food pack is unsealed and hence cannot be re-closed, thus propelling the global demand. Although most food items are not expensive, consumers do not think twice about wasting food and purchasing the product again the following time.
This is why many food businesses do not offer re-close packs. This is a significant limitation for the food re-close pack market. Consumers are more worried about wasting food and keeping it for a longer period.
Since not all food products are accessible in food re-close packs, clip closures, or zip bags, other resealing solutions that are capable of sealing most food packaging for an unlimited number of times once they have been opened are becoming popular. As a result, such resealing products pose a challenge to the food re-seal pack business.
These resealing items are an additional product that the client must purchase separately, whereas the re-seal pack is a packing convenience. Although such methods are not now widely used in underdeveloped nations, the food re-close pack industry offers the potential to mitigate this issue.
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Food Re-Close Pack Market Overview
Food packaging, whether flexible or rigid, are meant to keep the food product consumable for longer time. Sometime it is not possible to finish the complete food at ones, thus re-close pack serves the purpose. Food re-close pack provides an ease in taking out a portion of food and pack the rest of it for later use.
The need of re-close pack is majorly in party packs or comparatively larger pack of food. Food industry is driven by demand of product and the volume of product produced is based on forecasted demand. Hence, food industry finds beneficial for it to supply maximum of its product volume to the market and keep producing fresh food. Thus, food re-close pack market was introduced to promote the sales of larger food packs.
Food Re-close Pack Market Dynamics
Food re-close pack market is driven by the demand of larger food packs which cannot be consumed completely at ones. For a consumer demand driven industry like food industry, packaging needs to attract the consumer as well as provide ease in handling the pack. Re-close pack surely helps consumer a lot with their food product.
Attractive colors and figures on the packaging also plays a crucial role in driving food re-close pack market. As once the normal food pack is opened which cannot be re-closed, the food will expire sooner. Since most of the food products are not much expensive, consumer do not think much before wasting the food and buy the product again for next time.
This is the reason why many of food industries do not provide re-close pack. This is a restraint for food re-close pack market. Recently, consumers are getting concerned with wasting the food and preserving it for longer time.
As not all the food products are available in food re-close pack, clip closures, zip bags and other resealing solutions are getting popular which are capable for sealing most of the food packaging for any number of time after they are opened. Thus, such resealing products are threat to food re-seal pack market.
These resealing products are another product which customer has to buy separately while re-seal pack is a packaging inbuilt convenience. Also in developing countries, such solutions are not presently in much use, thus food re-close pack market has opportunity to suppress this threat.
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Food Re-close Pack Market Regional Overview
According to UN’s Food and Agricultural Organization (FAO), total food wastage in the world accounted for 1.3 billion ton in 2011. Major portion of this is done at manufacturer and retailers end. Consumers in developing came out to be much more responsible while consumers in developed regions like North America, Europe and industrialized Asia are wasting a huge portion of global food production.
Various actions are taken since then to save this wastage and promoting food re-close pack market is one of them. Food packaging industry of North America accounts for more than one fifth of world’s food packaging due to high demand of packaged food.
This also indicated high competition for food re-close pack market. In developing countries of Asia, food packaging market is growing rapidly due to awareness in people and value for food for them. Food packaging industry of Latin America have shown second largest growth rate.
Highest GDP per capita of Middle East region and low food wastage indicates the concern in people for food preservation and thus, indicates a good opportunity for food re-close pack market in the region.
Food Re-close Pack Market Key Players
Some of the key players of food re-close pack market are Sonoco Products Co., Amcor Ltd., Macfarlane Labels Ltd, Bemis Company Inc., Essentra plc, Bostik (Arkema Group), Avery Dennison Corp., ANL plastics N.V.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Food Re-close Pack Market Segments
By the type of packaging, food re-close pack market can be segmented as
Flexible re-close pack
Rigid re-close pack
By the position of opening, flow wrap food re-close market can be segmented as
Vertical
Top-seal
Regular
By the region, food re-close pack market can be segmented as
