Surging Demand for Zipper Pouches Drives Market Growth to US$ 3.90 billion by 2033
The zipper pouch market is poised to experience significant growth in the foreseeable future. Several factors contribute to this growth, including increased consumer awareness about personal safety and environmental protection, as well as stricter government regulations on quality and safety for local manufacturers. Projections suggest that the market will expand at a compound annual growth rate (CAGR) of 5.2% over the forecast period.
One of the primary drivers of market expansion is the rising demand for adaptable and portable packaging in the rapidly growing consumer products industry. As modern retail establishments like hypermarkets, supermarkets, and convenience stores continue to grow, there is an increasing need for innovative packaging solutions such as zipper pouches.
Industries such as industrial, food, and beverage extensively utilize zipper pouches to enhance the shelf life of their products. Consumers are increasingly seeking packaged goods in the food and beverage category that offer benefits like easy opening, portability, resealability, and convenient one-handed use. Zipper pouches fulfill these requirements and help extend the shelf life of products, thereby driving market growth.
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The cosmetics industry is also embracing high-quality packaging materials and cutting-edge packaging processes and designs. This adoption of advanced packaging techniques contributes to the growth of the zipper pouch market within the cosmetics sector. Furthermore, the implementation of packaging automation supports market expansion.
As global retail sales and in-store transactions are expected to increase in the coming years, alongside the continuous growth of the e-commerce industry, there is a growing demand for flexible packaging options. This presents new opportunities for the zipper pouch market to cater to the evolving needs of retailers and e-commerce businesses.
Overall, the zipper pouch market is expected to reach a value of US$ 2.35 billion in 2023 and is projected to reach US$ 3.90 billion by 2033. This growth will be driven by factors such as consumer preferences, industry requirements, and market dynamics.
Key Takeaways:
Competitive Landscape:
The top market players in the zipper pouch market are Sonoco Company, Berry Global Group, Winpak Ltd., Amcor Plc, Mondi Group, Bryce Corporation, Clondalkin Group Holdings, Glenroy, Inc., Novolex Holdings, LLC, Uflex Ltd, Rengo Co., Ltd, C.I. TAKIRON Corporation, Dsmart GmbH, Maruto Sangyo Co Ltd, Paras Printpack, Pentaflex Inc., and others.
To increase the usefulness and sustainability of their goods, these key market players in the zipper pouch market are always coming up with new designs, materials, and technologies. To stay competitive in the market, they are also concentrating on raising production efficiency and lowering costs.
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Recent Developments:
Regional Overview:
How is the United States Contributing to the Zipper Pouch Industry?
North America is the second leading market for zipper pouches. As per FMI, the United States zipper pouch market held more than 22% of the global market in 2022.
As per the Title 21 of United States Code of Federal Regulations (21 CFR) the material in which food is to be packaged must not have any allergic effects or contribute to the deterioration of the quality of eatables packed inside it.
Moreover, the government has made it compulsory to use partly or fully recycled materials for producing packaging materials for food and beverage products. On the back of this regulations, key players are focusing on the production of zipper pouches that will comply with food safety regulations through material composition.
The United States is one of the leading markets for pharmaceuticals and zipper pouches have emerged as a preferred re-sealable packaging solution for global pharmaceutical giants in the country.
How Will the Zipper Pouch Market Fare in the United Kingdom?
The United Kingdom zipper pouch market is foreseen to expand at a 3.7% CAGR over the upcoming decade. The market is estimated to surpass US$ 107.6 million by 2033. The rise in consumption of bakery and confectionary items is expected to rise significantly between the years 2023 and 2033.
As per FMI's survey, the ready-to-eat food and fast-food consumption in the United Kingdom is increased by 30% in the last five years. This increase has had a positive impact on the demand for zipper pouches in the United Kingdom, as they offer easy packing-unpacking while consuming lesser processing time.
End users are considering zipper pouches as a primary choice of packaging as it keeps the freshness and aroma of food intact. Leading food processing companies are expanding their footprints in domestic markets, which indicates growth in consumption of zipper pouches.
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For More Insights on this Market, Get A Sample Report @ Key Takeaways: Competitive Landscape: Are you looking for customized information related to the latest trends, drivers, and challenges? @ Recent Developments: Regional Overview: How is the United States Contributing to the Zipper Pouch Industry? 22% How Will the Zipper Pouch Market Fare in the United Kingdom? 3.7% CAGR US$ 107.6 million Get 20% Discount @ Zipper Pouch Market by Category By Product Type: By Material Type: By Closure Type: By End Use: By Region: About Us: Contact Us: For Sales Enquiries: