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Resealable Packaging Bags Market

Market Insights on Resealable Packaging Bags covering sales outlook, demand forecast & up-to-date key trends

Resealable Packaging Bags Market by Product Type, Material, End Use & Region - Forecast 2023 - 2033

Resealable Packaging Bags Market Outlook

According to Future Market Insights research, during the projected period, the global resealable packaging bags market is predicted to reach US$ 2.3 Bn in 2023, and further expand at a CAGR of 5.3% to reach US$ 3.9 Bn by the year 2033. The resealable packaging bags market is anticipated to bolster with the top 5 companies estimated to hold around 10-15% of the market by the end of 2022.

Based on the material, the plastic segment is projected to remain the leading segment among the other material used for manufacturing resealable packaging bags. The easy availability of the material is also making plastic a leading in the material segment. The Plastic segment is estimated to expand 1.6 times the current value during 2023-33.

Market Size 2023

US$ 2.3 Bn

Market Size 2033

US$ 3.9 Bn

Value CAGR (2023-2033)

5.3%

Collective Value Share: Top 3 Countries (2023E)

25-30%

According to the FMI analysis, the resealable packaging bags market revenue totaled US$ 2.2 Bn in 2022. With the propelling demand from the various end-users, the global resealable packaging bags market is projected to reach US$ 3.9 Bn by 2033, accelerating at a CAGR of 5.3% during the forecast period.

The resealable packaging bags market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the resealable packaging bags sales will rise during 2023-2033 and is projected to create an absolute incremental growth opportunity of US$ 1.7 Bn.

The ever-changing food industry has the largest demand for reusable packaging bags and is leading the market toward good opportunities. The resealable packaging bags market is anticipated to expand 1.8 times the current market value during the forecast period.

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Historic Market Outlook for Resealable packaging bags

The global resealable packaging bags market witnessed a CAGR of 4.8% during the historic period with a market value of US$ 2.2 Bn in 2022.

Resealable packaging bags are packaging pouch which has an additional zipper feature, which makes it easy to open and close. These packaging bags are primarily used in food industry, Personal Care & Cosmetics, Pharmaceuticals and other industrial applications, for the packaging of solids & semi-solids. Resealable packaging bags are mainly used in the standup and flat format wherein the standup zipper bag is widely preferred among the end users to its great shelf presence. These bags are also made from environment friendly materials, and are also suitable for multiple uses.

In packaging, zippers act as an add on feature on pouches, they are made up of flexible plastics and metal foils. Resealable packaging bags find their application across a vast range of end use industries such as food, pharmaceuticals and other industrial applications. Moreover, resealability offered by these pouches makes them a unique packaging solutions from ordinary pouches made up of similar materials.

How does Technology Innovation Boost Global Resealable Packaging Bags Market?

The primary purpose of packaging is to protect the food items packed inside it from the harsh atmosphere, excess temperature, moisture and from harmful contaminants. But the cost of producing such a material with all these features is quite high than the most commonly used plastics.

Growing educated consumer bases in all parts of the world are demanding innovative packaging solutions, in order to keeps their foods such as meat, coffee, dry fruits fresh along with maintaining the quality of the food desired by the consumer.

Active packaging technology uses harmful plastics such as Polyethylene (PE), Polypropylene (PP) and other polymer materials to produce the packaging. It prevents the food to absorb any harmful compounds from these pollutant materials and in return increases the shelf life of the product. These factors will create positive growth opportunity for global resealable packaging bags market.

Ismail Sutaria
Ismail Sutaria
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What was the Impact of Covid-19 on the resealable packaging Bags Market?

The pandemic has brought decremental opportunities in almost every industry. The resealable packaging market has also faced negative sales during the pandemic. The industry was having demands from the food industry, but the supply and availability of raw materials were problems.

Later, the initial post-pandemic period was a redemption period for the market. Innovative packaging technologies and lucrative investments by the packaging giants have brought the market to a pre-covid level. substantial investments by companies are being noticed in the market. Many manufacturers are now focusing on innovation and unique packaging styles. The resealable packaging bags market was completely driven by these post-covid changes.

Category-wise Insights

Which Material is expected to Hold a Major Portion of the global resealable packaging bags Market?

Based on material segment, plastic material is anticipated to hold 52% market share by the end of 2023.

Plastic material has various advantages such as durability, lightweight, sustainability, and versatile. Plastic protects from external climatic changes. The durability of plastic protects the food inside the packaging. Plastic can mold into any shape and size. Plastic packaging is a cost-effective solution that creates higher demand from manufacturers. These parameters will create a higher positive growth outlook for the global resealable packaging bags market.

How the food industry is dominating the global resealable packaging bags Market?

Food industry is expected to expand 1.6 time the current value during 2023-2033. The food industry has had huge demand since the pandemic hit the market. The food market started growing since people were spending more time on it. Rising urbanization, increasing disposal income, and changing lifestyle are the growth factors for the rise in the food industry. Resealable packaging bags keep food fresh for a longer time. So rise in the food industry create higher demand for resealable packaging bags.

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Country-wise insights

How is the Pricing Policies of France for Recyclable Plastic Packaging is affecting the Resealable Packaging Bags Market?

As per the data collected from World Economic Forum (WEF) France’s government is making recycled plastic packaging more inexpensive than single-use packaging. Since recyclable packaging has been put in the focus by the government, manufacturers from France is focusing on delivering recyclable and sustainable products.

How does the US Create a Growth Opportunity for the Resealable Packaging Bags Market?

The USA is anticipated to hold a 79% market share of North American resealable packaging bags by the end of 2025.

According to the U.S. Department of Agriculture (USDA), around US$ 1.8 trillion worth of food was supplied by the foodservice and food retailing industry in the U.S., out of which US$ 978 billion worth of food was supplied by the foodservice facilities in the U.S. The food supplied by the food service facilities may have consumed large volume of packaging as food is packed in different packaging solutions

Competitive Landscape

The key manufacturers of resealable packaging bags are focusing on new arrivals in the market. According to the innovations, all big players are investing in different machinery to be at the top list in the market. Some of the key players are having some changes in their production capacities as well as production processes. Some of the changes are as follows:

  • In April 2022, the C-P packaging company acquired Bass flexible packaging, Inc. with the acquisition this flexible packaging company is aiming to strengthen its market share in the flexible packaging market. this acquisition is one step ahead of the company’s target to capture North America.
  • In November 2021, Universal flexible packaging ltd. Have partnered with OPRL one of the leading businesses which are into awareness of recyclability. With this partnership, the company provides their clients an ability to put their logo wisely to remove the confusion that, how their customer customers should recycle the packaging.

Scope of the Report

Attribute

Details

Growth Rate

CAGR of 5.3% from 2023 to 2033

Base Year for Estimation

2022

Historical Data

2018-2022

Forecast Period

2023-2033

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR from 2023-2033

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segments Covered

  • Material
  • Product Type
  • End-users
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa
  • Oceania

Key Countries Covered

  • US
  • Canada
  • Mexico
  • Brazil
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • India
  • GCC countries
  • Australia

Key Companies Profiled

  • Mondi PLC
  • Amcor
  • Polypouch Ltd.
  • Novolex
  • Pouch Direct Pty. Ltd.
  • Universal Plastic Bags
  • C-P Flexible Packaging
  • Universal Flexible Packaging Ltd.
  • Zip-Pak
  • Flexico
  • Bischof + Klein SE & Co. KG
  • Presto products company
  • Polymer Packaging, Inc.
  • Sealstrip corporation
  • D&M Enterprises dba Custom Poly Packaging
  • Diversified plastics & packaging, Inc.
  • Connover packaging
  • Tobe packaging
  • Brentapac International Pte Ltd
  • Tekpak packaging

Customization & Pricing

Available upon Request

Resealable Packaging Bags Market by Category

By Material, Resealable Packaging Bags Market is Segmented as:

  • Plastic
  • Paper
  • Aluminum Laminates

By Product Type, Resealable Packaging Bags Market is Segmented as:

  • Stand Up Bags

  • Flat Bags

By End Use, Resealable Packaging Bags Market is Segmented as:

  • Food
  • Cosmetic and Personal Care
  • Pharmaceuticals
  • Other Consumer Durables

By Region, Resealable Packaging Bags Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Frequently Asked Questions

In 2022, the value of the global resealable packaging bags market was US$ 2.2 Bn.

During the forecast period, the global resealable packaging bags market is anticipated to expand at a CAGR of 5.3%.

The global resealable packaging bags market is expected to reach US$ 3.9 Bn by the end of 2033.

During the forecast plastic material is likely to be the fastest-growing material segment in the global resealable packaging bags market.

The increasing demand for flexible bags from food industry is driving the resealable packaging bags market.

Mondi Plc, Amcor, Novolex, Polypouch Ltd, C-P Flexible Packaging, and Bischof + Klein SE & Co. KG are the keys players in market.

As per the FMI analysis, the Indian resealable packaging bags market is projected to expand at a CAGR of 5.1% during 2023-33.

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Ismail Sutaria
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Resealable Packaging Bags Market