According to Future Market Insights research, during the projected period, the global resealable packaging bags market is predicted to reach US$ 2.3 Billion in 2023, and further expand at a CAGR of 5.3% to reach US$ 3.9 Billion by the year 2033. The resealable packaging bags market is anticipated to bolster with the top 5 companies estimated to hold around 10 to 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 leader in the material segment. The Plastic segment is estimated to expand 1.6 times the current value from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 2.3 Billion |
| Market Size 2033 | US$ 3.9 Billion |
| Value CAGR (2023 to 2033) | 5.3% |
| Collective Value Share: Top 3 Countries (2023E) | 25 to 30% |
According to the FMI analysis, the resealable packaging bags market revenue totaled US$ 2.2 Billion in 2022. With the propelling demand from the various end-users, the global resealable packaging bags market is projected to reach US$ 3.9 Billion 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 bag sales will rise from 2023 to 2033 and is projected to create an absolute incremental growth opportunity of US$ 1.7 Billion.
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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The global resealable packaging bags market witnessed a CAGR of 4.8% during the historic period with a market value of US$ 2.2 Billion in 2022.
Resealable packaging bags are packaging pouch which has an additional zipper feature, which makes them easy to open and close. These packaging bags are primarily used in the 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 environmentally 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, the resealability offered by these pouches makes them unique packaging solutions from ordinary pouches made up of similar materials.
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 keep their foods such as meat, coffee, and 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 opportunities for the global resealable packaging bags market.
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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.
Based on the material segment, plastic material is anticipated to hold a 52% market share by the end of 2023.
Plastic material has various advantages such as durability, lightweight, sustainability, and versatility. 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.
The food industry is expected to expand 1.6 times the current value from 2023 to 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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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 focus by the government, manufacturers from France are focusing on delivering recyclable and sustainable products.
The USA is anticipated to hold a 79% market share of North American resealable packaging bags by the end of 2025.
According to the US Department of Agriculture (USDA), around US$ 1.8 trillion worth of food was supplied by the food service and food retailing industry in the US, out of which US$ 978 billion worth of food was supplied by the food service facilities in the US The food supplied by the food service facilities may have consumed a large volume of packaging as food is packed in different packaging solutions
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:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 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 (MEA); Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, 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 |
In 2022, the value of the global resealable packaging bags market was US$ 2.2 Billion.
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 Billion 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% from 2023 to 2033.
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Resealable Packaging Bags Market
