Food Re-close Packs: Meeting Consumer Needs and Driving Market Growth

Food packaging plays a crucial role in preserving the freshness and longevity of food products, especially when it is not feasible to consume the entire meal at once. Food re-close packs have emerged as a solution to this issue, allowing consumers to take out a portion of the food and store the rest for future use.

The market for food re-close packs has seen remarkable growth, with Future Market Insights projecting it to reach a valuation of US$ 305 billion by the end of 2022 and a CAGR of 5.5% during the forecast period from 2022 to 2032, reaching an expected value of US$ 520.97 billion.

The demand for larger food packs, particularly for parties or situations where complete consumption is not possible, has been a driving force behind the growth of the food re-close pack industry. Food manufacturers see it as advantageous to cater to the market with larger production volumes while still maintaining the freshness of the product. The re-close pack not only appeals to consumers through convenience but also reduces food waste, as it allows them to keep the food fresh until the next consumption, which is especially relevant for perishable items.

However, some limitations hinder the full adoption of food re-close packs. Not all food products are available in re-close packs, which can be a challenge for consumers who are concerned about food wastage. As a result, alternative resealing solutions such as clip closures or zip bags that can be used multiple times are gaining popularity and pose a competitive challenge to the food re-close pack industry.

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Key Takeaways:

• The food re-close pack market is expected to reach a valuation of US$ 305 billion by the end of 2022, with a projected CAGR of 5.5% during 2022-2032, reaching US$ 520.97 billion.
• Consumer demand for larger food packs and the need to reduce food wastage are driving forces behind the growth of the food re-close pack industry.
• Not all food products are available in re-close packs, leading consumers to consider alternative resealing solutions, which could impact the growth of the re-close pack market.
• Resealing solutions present a challenge as they are additional products that consumers must purchase separately, while re-close packs offer packaging convenience.
• The food re-close pack industry has the potential to address food wastage concerns and provide benefits to both consumers and the global food packaging sector

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.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Regional Overview of Food Re-close Pack Market

Food wastage is a significant global concern, with 1.3 billion tons wasted in 2011, mainly by manufacturers and retailers in developed regions like North America, Europe, and industrialized Asia. In contrast, consumers in developing countries are more responsible with their food consumption. To tackle this issue, promoting food re-close packs has become a vital strategy.

North America’s food packaging industry dominates the global market, accounting for over one-fifth of all food packaging, leading to fierce competition in the food re-close pack market. In developing Asian countries, the food packaging market is rapidly growing due to increasing awareness and value placed on food preservation. Latin America follows closely with the second-largest growth rate in the food packaging industry.

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The Middle East region boasts the highest GDP per capita and demonstrates lower food wastage, indicating a strong focus on food preservation. This presents an excellent opportunity for the food re-close pack market to thrive in the region