According to recent research by Future Market Insights (FMI), the global resealable packaging bags market is projected to grow from USD 2.3 billion in 2023 to USD 3.9 billion by 2033, registering a compound annual growth rate (CAGR) of 5.3%. This growth is propelled by rising demand from various industries, with the top five companies expected to hold between 10-15% of the market by the end of 2022.
FMI’s analysis shows that the market generated USD 2.2 billion in revenue in 2022. With the demand for flexible and convenient packaging solutions on the rise, resealable packaging bags are seeing increasing adoption across sectors such as food, healthcare, and personal care. By 2033, the market is expected to create an absolute incremental growth opportunity of USD 1.7 billion.
Plastic is projected to continue leading the resealable packaging bags market during the forecast period. Its easy availability and cost-efficiency make it the preferred material for manufacturers. The plastic segment is expected to expand 1.6 times its current value between 2023 and 2033.
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Key Takeaways:
- The global resealable packaging bags market experienced a CAGR of 4.8% during the historic period, reaching a market value of USD 2.2 Billion in 2022.
- The USA is projected to dominate the North American resealable packaging bags market, holding 79% of the market share by the end of 2025.
- The food industry is anticipated to grow 1.6 times its current value from 2023 to 2033.
- In the material segment, plastic material is expected to account for 52% of the market share by the end of 2023.
Competitive Landscape
The leading manufacturers of resealable packaging bags are focusing on new market arrivals. According to innovations, all major firms are investing in various machinery to remain at the top of the industry. Some significant players are changing their production capabilities and procedures.
Some of the changes are as follows:
- In April 2022, the C-P packaging company acquired Bass flexible packaging, Inc. with the acquisition this flexible packaging company is aiming to strengthen its market share in the flexible packaging market. this acquisition is one step ahead of the company’s target to capture North America.
- In November 2021, Universal flexible packaging ltd. Have partnered with OPRL one of the leading businesses which are into awareness of recyclability. With this partnership, the company provides their clients the ability to put their logo wisely to remove the confusion, about how their customer customers should recycle the packaging.
Key Players
Mondi PLC; Amcor; Polypouch Ltd.; Novolex; Pouch Direct Pty. Ltd.; Universal Plastic Bags; C-P Flexible Packaging; Universal Flexible Packaging Ltd.; Zip-Pak; Flexico; Bischof + Klein SE & Co. KG; Presto products company; Polymer Packaging, Inc.; Sealstrip corporation; D&M Enterprises dba Custom Poly Packaging; Diversified plastics & packaging, Inc.; Connover packaging; Tobe packaging; Brentapac International Pte Ltd; Tekpak packaging
Resealable Packaging Bags Market by Category
By Material, Resealable Packaging Bags Market is Segmented as:
- Plastic
- Paper
- Aluminum Laminates
By Product Type, Resealable Packaging Bags Market is Segmented as:
- Stand Up Bags
- Flat Bags
By End Use, Resealable Packaging Bags Market is Segmented as:
- Food
- Cosmetic and Personal Care
- Pharmaceuticals
- Other Consumer Durables
By Region, Resealable Packaging Bags Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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