PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425141
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425141
The reclosable zippers market was valued at US$2.17 billion in 2022 and is expected to grow at a CAGR of 4.05% during the forecast period.
Reclosable zippers are adaptable and so find use in a variety of sectors. Reclosable zippers' applications range from food and beverage to medicines to high-end industries such as fashion. The rise of industries such as food and beverage and pharmaceuticals is boosting the reclosable zipper market growth. Furthermore, manufacturers are creating flexible packaging reclosable zippers with extra characteristics to make them more user-friendly. Packaging that may be reused is preferred by consumers. Reusable packaging not only promotes customer convenience but also allows consumers to save money on packaging material. One of the most important characteristics of reclosable zippers is their reusability. As a result, the popularity of retractable zippers is predicted to skyrocket throughout the forecast period.
Reclosable zippers are among the most effective reusable storage alternatives on the market, and they work well with almost every form of flexible packaging. This closure technique has long been popular in the packaging industry because of its versatility and ease of usage. This packaging is an excellent, low-cost choice for resealable pouches for closet, fridge, or freezer storage. Reclosable zippers are comfortable and practical, successfully preventing contamination or spills, quick, secure resealing, and lightweight for on-the-go use or e-commerce distribution. Furthermore, pouches with reclosable zippers can contain a variety of other characteristics that add value to the product's expanding market, such as optimizing shelf impact and increasing the customer experience when compared to other packaging types on the market.
The prominent growth in the Food sector under the application segment
The food segment emerged as the leader in terms of market share and is poised to grow significantly over the forecast period. Reclosable zippers have several applications in the food industry Food preservation is one of the applications that is driving the demand for reclosable zippers in the food industry. The expanding food business is constantly in need of packaging that protects it from infection. Furthermore, the expanding online selling of food is increasing the demand for safe packaging. Reclosable zippers are increasingly being employed in the packaging of candies and other sweets, drinks, and even pet food.
The Asia Pacific region dominated the market expansion and is likely to expand significantly over the forecast period. With a proclivity to eat meals at home, increased urbanization, and a growing population, Asia Pacific's food and packaging business is witnessing significant growth. Moreover, the presence of developing countries like India, China and Japan, has also played a significant role in market expansion. Over the projection period, India is expected to be one of the market's leading nations. Food demand in India is high due to the country's growing population. As a result, the country's food output is increasing, necessitating the use of vast volumes of packaging. Similarly, rising online sales are contributing to the market's cause in China. With its one-stop service, the internet segment is assisting the rise of China's packaging business. As a result, e-commerce is the key to market growth in terms of simple access to a wide range of reclosable zipper packaging. Japan is yet another Asian country with commercial potential. Japanese manufacturers are using appealing designs to increase sales. Manufacturers of reclosable zipper packaging are getting inventive with product design. Bags and pouches, for example, employ a variety of colours and tie-ins. As a result, Japan is driving the market.
Segmentation