The reclosable zipper market is expected to be valued at USD 2.5 billion in 2024. For 2023, the value of the market was marked at USD 2.4 billion. The market is expected to progress at a modest rate over the period from 2024 to 2034, with a CAGR of 4.6%. By the end of the forecast period, the value of the reclosable zipper market is slated to have inflated to USD 3.9 billion.
| Attributes | Details |
|---|---|
| Reclosable Zipper Market Value for 2024 | USD 2.5 billion |
| Projected Market Value for 2034 | USD 3.9 billion |
| Value-based CAGR of Market for 2024 to 2034 | 4.6% |
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The reclosable zipper industry was tipped to have a value of USD 2.2 billion in 2019. The market likely progressed at a sluggish CAGR of 2.1% over the historical period from 2019 to 2023.
The market was heavily affected by the shutdown of various industrial operations during the pandemic. However, demand from the food & beverage and pharmaceutical industries for sustainable packaging started lifting the reclosable zipper market. By the end of the historical period in 2023, the market value had reached USD 2.4 billion.
| Market Valuation (2019) | USD 2.2 billion |
|---|---|
| Historical CAGR (2019 to 2023) | 2.1% |
| Market Valuation (2023) | USD 2.4 billion |
Long-term Analysis of Reclosable Zipper Market from 2024 to 2034
For 2024, the valuation for a reclosable zipper is estimated to be USD 2.5 billion. The growth of the market is predicted to elevate at a modest pace of 4.6% over the forecast period.
The expansion of industries like food & beverage and pharmaceuticals is conducive to the growth of the reclosable zipper market. Moreover, manufacturers are developing flexible packaging reclosable zippers with additional features to make them easy to use.
Consumers favor packaging that can be used again and again. Reusable packaging not only increases the convenience of consumers but also affords consumers savings on packaging material. Reusability is one of the key features of reclosable zippers. As such, the popularity of reclosable zippers is expected to soar over the forecast period. By the end of the forecast period, the value of the market is expected to reach USD 3.9 billion.
Press-to-close zippers are the standard type of closures in reclosable zipper packaging. For 2024, the market share by closure type of press-to-close zipper is pegged at a dominant 71.2%.
Press-to-close zippers provide a no-frills type of closing system for packaging. In addition, the optimal product production and its east-to-close design make them more affordable for consumers. For instance, LPS Industries launched Top-Loc Zipper with anti-static features for food & snacks, veterinary medicine, and OTC health & beauty.
| Attributes | Details |
|---|---|
| Top Closure Type | Press-to-close |
| Market Share in 2024 | 71.2% |
Food is the sector where reclosable zippers find numerous applications. For 2024, food is anticipated to hold 61.4% of the market share by end-use category.
The burgeoning food industry is in constant need of packaging that preserves them from contamination. In addition, the growing sale of food online is also creating an increased need for secure packaging. Reclosable zippers are increasingly used in candy and other sweets, beverages, and even pet food packaging.
| Attributes | Details |
|---|---|
| Top Application | Food |
| Market Share in 2024 | 61.4% |
The expanding food and packaging industry in the Asia Pacific, with the propensity to eat food at home, increasing urbanization, and growing population, is propelling the market in the region.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United Kingdom | 4.7% |
| Australia | 4.2% |
| Japan | 3.7% |
| India | 6.2% |
| China | 5.3% |
India is estimated to be one of the leading countries in the market over the forecast period, with a CAGR of 6.2%.
With the rising population, the food demand in India is significant. As a result, the food production in the country is rising, creating the need for large amounts of packaging.
For the forecast period, the CAGR in China is pegged to be an encouraging 5.3%. The online segment is helping the expansion of the packaging industry in China with its one-stop service. As a result, e-commerce is the key to market growth for easy access to a variety of reclosable zipper packaging.
Japan is another Asian country that holds opportunity for the market. For the forecast period, the CAGR for Japan is anticipated to be a steady 3.7%.
Manufacturers of reclosable zipper packaging products are getting creative with the design of the product. Various colors and tie-ins are used in the likes of bags and pouches. Thus, the market is being driven in Japan.
Sustainable practices are quickly becoming the norm in Australia. The recycled polyester trend is prevalent in packaging in the country to reduce greenhouse gas emissions. Moreover, paper over plastic packaging material for easy degradation is presenting key opportunities in the country. Thus, Australian consumers are leaning toward sustainable packaging closures. The CAGR for Australia over the forecast period is predicted to be a calm 4.2%.
The United Kingdom is one of the most promising countries in Europe for the market. For the 2024 to 2034 period, the CAGR for the United Kingdom is projected to be a respectable 4.7%.
Flexible packaging is a primary concern among suppliers in the United Kingdom. Consumers are also partial to the convenience provided by reclosable zippers. Thus, easy-to-handle reclosable zippers are gaining popularity in the United Kingdom.
The reclosable zipper market needs to be more cohesive. Several multinational players exist, but small-scale local companies have plenty of room to grow.
Innovation is considered key by market players. In addition to innovative products, like ones made with recyclable material, innovative designs for ease of use are also given importance by market players.
Recent Developments in the Reclosable Zipper Market
The size of the reclosable zipper market is estimated to be USD 2.5 billion in 2024.
The CAGR of the reclosable zipper market is predicted at a sturdy 4.6% from 2024 to 2034.
The reclosable zipper market is expected to reach a valuation of USD 3.9 billion by 2034.
Based on closure type, press-to-close is the leading segment in the reclosable zipper market.
Child-resistant zippers and reclosable zippers made from sustainable material are two of the trends in the market.
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Reclosable Zipper Market
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