The food sector stands out as a prime domain for the versatile application of reclosable zippers. By the end of 2024, it is expected to command a significant market share of 61.4% in terms of end-use category.
The expanding food industry consistently seeks packaging solutions to safeguard products from contamination. Moreover, the rising trend of online food sales has heightened the demand for secure packaging solutions. Reclosable zippers are increasingly being incorporated into packaging for a wide range of food items, including candies, beverages, and even pet food.
Anticipated to reach a valuation of US$ 2.5 billion in 2024, the reclosable zipper market demonstrates steady growth from its 2023 value of US$ 2.4 billion. Projections indicate a modest progression throughout the period spanning from 2024 to 2034, with a Compound Annual Growth Rate (CAGR) of 4.6%. By the conclusion of the forecast period, the reclosable zipper market is forecasted to escalate to US$ 3.9 billion. This growth trajectory reflects sustained demand for convenient and resealable packaging solutions across various industries, driven by factors such as changing consumer lifestyles and preferences for on-the-go convenience.
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“Apart from storage, manufacturers are also aware of the various ways in which damage can be inflicted on material when the zippers are opened. Thus, producers are concentrated on producing innovative products like child-resistant and powder-proof zippers. Innovating with zippers represents a significant opportunity for the market,” says an analyst at FMI.
Growth Drivers:
- Convenience and Versatility: Reclosable zippers offer convenience in packaging various products such as food, pharmaceuticals, personal care items, and more. Their versatility in application across different industries fuels market growth.
- Consumer Preference for Convenience Packaging: As consumers increasingly seek convenience in product usage and storage, reclosable zippers fulfill this demand by providing easy-to-use and resealable packaging solutions.
- Food Safety and Preservation: Reclosable zippers play a crucial role in maintaining food freshness and preventing spoilage. Growing concerns about food safety and preservation drive the adoption of these packaging solutions.
- Environmental Sustainability: With the rising awareness of environmental issues, including plastic pollution, there’s a growing demand for sustainable packaging options. Reclosable zippers, when made from recyclable materials and designed for reuse, align with this trend and drive market growth.
- Innovation and Advancements: Continuous innovation in materials, designs, and technologies enhances the performance and functionality of reclosable zippers, attracting more consumers and expanding market opportunities.
- E-commerce Expansion: The booming e-commerce sector relies heavily on efficient packaging solutions to ensure product safety during transit and storage. Reclosable zippers provide tamper-evident and resealable features, making them ideal for e-commerce packaging.
- Health and Hygiene Concerns: Especially in the wake of health crises like the COVID-19 pandemic, there’s increased emphasis on hygienic packaging solutions. Reclosable zippers offer a protective seal, ensuring product integrity and safety.
Industry Restraints:
- Cost Considerations: Manufacturing reclosable zippers with advanced features and materials can be cost-intensive. Higher production costs may limit market penetration, particularly in price-sensitive segments.
- Regulatory Compliance: Adherence to stringent regulations regarding food contact materials, recycling, and environmental standards poses challenges for manufacturers in the reclosable zipper market, potentially increasing operational costs and complexity.
- Competition from Alternative Technologies: While reclosable zippers offer numerous advantages, they face competition from alternative packaging technologies like spouts, seals, and resealable films. Market players must continually innovate to maintain their competitive edge.
- Limited Adoption in Certain Industries: Although reclosable zippers have widespread applications, some industries may still prefer traditional packaging formats or alternative closure systems, limiting the market’s growth potential in certain segments.
- Environmental Concerns: Despite efforts to enhance sustainability, concerns persist regarding the environmental impact of plastic packaging, including reclosable zippers. Consumer preferences for fully biodegradable or compostable alternatives may pose challenges for traditional zipper manufacturers.
- Supply Chain Disruptions: Disruptions in the supply chain, whether due to raw material shortages, transportation issues, or geopolitical factors, can impact the availability and cost of reclosable zipper components, affecting market stability and growth.
Key Takeaways from the Reclosable Zipper Market
- The reclosable zipper market is anticipated to be US$ 2.5 billion in value in 2024.
- Press-to-close zippers are the popular type of closure in the market. For 2024, press-to-close zippers are expected to contribute 71.2% of the market share by closure type.
- Reclosable zippers are most commonly used in the food industry. Food is marked to hold 61.4% of the market share by end-use in 2024.
- India is one of the rapidly growing countries in the market. For the forecast period, the CAGR for India is predicted to be 6.2%.
- China and Japan are other promising countries in Asia. For the forecast period, the CAGR for China and Japan is pegged at 5.3% and 3.7% respectively.
- The United Kingdom is one of the leading countries in Europe. The CAGR for the United Kingdom for the forecast period is projected at 4.7%.
Competitive Landscape
The market is open to both established and small players. Innovation is the name of the game for many of the market players. Making sustainable zippers is a prominent concern in the market, making industry experts develop cost-effective and easy-to-open and close closures. Some notable companies in the market are-
- Layfield Group Ltd
- Elplast Sp. o.o
- Reynolds Consumer Products Inc
- Glenroy, Inc
- Montage
- Pacific Bag
- Sealed Air
- Novolex
- Zip-Pak
- IMPAK CORPORATION
Recent Developments in the Reclosable Zipper Market
- In November 2022, Apatar introduced the AptarZip reclosable zipper, which is child-resistant.
- In July 2022, the TruClose zipper from Textron was introduced. It is a reclosable zipper concentrated on preventing accidental opening.
- In June 2020, Mondi collaborated with German pet food brand Mera regarding packaging solutions for the latter.
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Key Segmentations:
By Type:
- Press to Close
- Single Track Zippers
- Dual Track Zippers
- Powder Zippers
- Liquid Zippers
- Child Resistant Zippers
- Others
By Application:
- Food
- Clothing
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
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.
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