Anticipated to reach a valuation of US$ 305 billion by the end of 2022, the food re-close packs market is poised for steady growth, projecting a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period from 2022 to 2032. This trajectory suggests an expected closing value of US$ 520.97 billion, highlighting the market’s robust expansion fueled by the increasing demand for convenient and resealable packaging solutions. The ongoing consumer preference for packaging that enhances product freshness and usability underscores the significance of food re-close packs in meeting evolving market needs and enhancing the overall consumer experience.
Streamlining the process of accessing and storing portions of food for later use, food re-close packs offer convenience, particularly for larger or party-sized food packs where the need for resealing is more prominent. The production volume in the food sector is intricately linked to anticipated demand, with the demand-driven nature of the industry emphasizing the critical role of effective and user-friendly packaging solutions like re-close packs in meeting consumer expectations and optimizing overall operational efficiency.
As per the Food and Agricultural Organization (FAO) of the United Nations, global food wastage reached a staggering 1.3 billion tons in 2011, with a significant proportion occurring at the manufacturing and retail levels. Notably, consumers in developing regions demonstrated more responsible consumption habits, while those in developed areas such as North America, Europe, and industrialized Asia were found to contribute significantly to the substantial portion of food wastage on a global scale. This underscores the need for targeted strategies to address food waste at various stages of the supply chain and promote sustainable consumption practices worldwide.
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Food Re-close Pack Market Key Players
Some of the key players of food re-close pack market are
- Sonoco Products Co.,
- Amcor Ltd.,
- Macfarlane Labels Ltd,
- Bemis Company Inc.,
- Essentra plc,
- Bostik (Arkema Group),
- Avery Dennison Corp.,
- ANL plastics N.V.
Food Re-close Pack Market Dynamics
- Food Safety and Freshness: Consumers demand food packaging that preserves the freshness and safety of their products. Food re-close packs play a vital role in maintaining product quality and preventing food spoilage, addressing consumer concerns.
- Environmental Sustainability: Sustainability is a significant driver of packaging innovation. Eco-friendly re-close pack solutions are gaining traction as consumers and businesses increasingly seek environmentally responsible options to reduce plastic waste and promote recycling.
- Food Waste Reduction: The global focus on reducing food wastage has led to the adoption of re-close packs, allowing consumers to store and preserve partially used food items more effectively, thus minimizing waste.
- Convenience and User Experience: Consumers appreciate packaging that offers convenience and ease of use. Re-close packs cater to this demand by allowing consumers to open, close, and reseal the packaging as needed.
- Innovations in Materials: Advances in packaging materials, such as easy-to-reclose zippers and sealants, are driving improvements in re-close pack designs, making them more efficient and user-friendly.
- Regulations and Compliance: Adherence to food safety and packaging regulations is crucial. Changes in these regulations can impact the design and manufacturing processes of food re-close packs.
Market Trends
The Food Re-Close Pack Market is witnessing a surge in demand, driven by several key trends.
Sustainability
In an era of environmental consciousness, sustainable packaging solutions are in high demand. Food re-close packs are no exception. Manufacturers are increasingly adopting eco-friendly materials, such as biodegradable plastics and recyclable paper, to reduce their carbon footprint.
Convenience and Portability
The fast-paced lifestyle of modern consumers has led to a growing need for convenient, portable packaging. Food re-close packs are designed to cater to this demand, offering on-the-go options for snacks and meals.
Customization and Branding
Brands are using food re-close packs as a canvas to showcase their identity. Customized packaging with vibrant designs and logos not only attracts consumers but also enhances brand recognition.
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Food Re-close Pack Market Segments
By the type of packaging, food re-close pack market can be segmented as
- Flexible re-close pack
- Rigid re-close pack
By the position of opening, flow wrap food re-close market can be segmented as
- Vertical
- Top-seal
- Regular
By the region, food re-close pack market can be segmented as
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa
- Asia Pacific excluding Japan
- Japan
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