Future Market Insights predicts that the food re-close packs market is set to achieve a valuation of US$ 305 billion by the end of 2022. Projections for the forecast period from 2022 to 2032 anticipate a Compound Annual Growth Rate (CAGR) of 5.5%, with the closing value expected to reach a substantial US$ 520.97 billion. This outlook underscores the growing significance of re-close packs in the food industry, driven by consumer preferences for convenience and sustainable packaging solutions. As the market evolves, the expected CAGR signifies the enduring demand for innovative and resealable packaging options in the global food packaging landscape.
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.
Request for a sample of this research report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4566
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.
Market Drivers:
- Consumer Convenience: The demand for re-closeable food packaging is often driven by consumer preferences for convenience. Re-closable packs allow consumers to seal the packaging after opening, maintaining product freshness and preventing spillage.
- Food Preservation: Re-close packs contribute to extending the shelf life of food products by minimizing exposure to air and moisture, thereby reducing the chances of spoilage and maintaining the quality of the contents.
- Sustainability: Growing awareness of environmental issues has led to increased demand for sustainable packaging solutions. Re-close packs that are recyclable or made from eco-friendly materials align with the broader trend toward sustainability.
- Innovation in Packaging Materials: Advancements in packaging materials, such as the development of films and coatings with enhanced barrier properties, contribute to the growth of re-closeable packaging solutions.
- Brand Differentiation: Food manufacturers often use re-close packs as a means of product differentiation. Packaging that enhances user experience and convenience can create a positive perception of the brand.
Market Restraints:
- Cost Considerations: Re-closeable packaging can be more expensive than traditional packaging options, impacting the overall cost of production. This cost factor may influence smaller manufacturers or those operating on tight profit margins.
- Recycling Challenges: While there is a push for sustainable packaging, certain re-closeable packaging materials may pose challenges in terms of recyclability. Manufacturers need to address these concerns to meet the increasing demand for environmentally friendly solutions.
- Technical Challenges: The integration of re-close features can pose technical challenges in the manufacturing process, leading to increased production complexities and potential issues with product integrity.
- Regulatory Compliance: Adherence to strict regulations and standards in the food packaging industry can pose challenges for manufacturers, especially when incorporating new materials or technologies in re-closeable packaging.
- Consumer Education: The success of re-close packs relies on consumer understanding of how to use and properly close the packaging. Lack of awareness or confusion about the re-close features may impact the adoption rate.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/4566
Food Re-close Pack Market Segments
By the type of packaging
- Flexible re-close pack
- Rigid re-close pack
By the position of opening
- Vertical
- Top-seal
- Regular
By the region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa
- Asia Pacific excluding Japan
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
