Food is an essential part for every living being, therefore it is very important to cook food accordingly. There are various traditional ways to save food it is not consumed there and then. Another way to save unconsumed food is to keep it in food re-close pack that helps in storing food for longer duration after the pack has been opened. It also protects the food from moisture and prolongs the freshness of food.
Growing demand for party packs and habit of storing food for long has led the demand in the global food re-close pack market. High demand for chips, cakes, bacon, cheese, and cookies that cannot be consumed immediately has further benefited the growth in this market. Moreover, companies coming up with different and new ways of storing food have also augmented demand in the global food re-close pack market.
Other factors such as regional growth, ongoing trends, technological advancements, and growing competitions leading in innovation are also influencing growth in the global food re-close pack market. Collectively all this information will help in gathering key details about the market at one place and enhance decision making procedure.
Global Food Re-close Pack Market: Notable Developments
Companies are making deliberate efforts to come with new and advanced ways to re-close food packs. Intensive research and development activities are also taking place that will further diverse the growth in the global food re-close pack market. For example: Parkside came up with a latest laser equipment to offer easy-to-open packaging to their customers. With this packaging products can be easily opened and can be re-closed after use. This laser technique will help delivering better services by Parkside. It will also help the company to grow in existing markets as well as support existing business.
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Another example is of Essentra, who has recently launched re-close tapes that can withstand reclosing up to 10 times. These tapes meet the demand of consumers by providing portion control functionality to multi-serving packs. This development has given a new avenue for growth for this market.
Other players initiating growth in this market includes Macfarlane Labels Ltd, Essentra plc, Etik Ouest, Bostik (Arkema Group), Bemis Company Inc., Sonoco Products Co., Avery Dennison Corp., Coveris, and ANL plastics N.V.
Global Food Re-close Pack Market: Trends and Opportunities
Manufacturers are shifting from traditional ways to new and advance re-closable packaging by using pre-zipped films. This film helps in reducing long lag times and minimizes expenses. Moreover, food re-close packs are also water proof and protects food form moisture. These factors have increased its usability in household application.
But, lack of awareness in developing regions and problem of reaching in distant and remote areas are expected to limit the growth in the global food re-close pack market.
Rising Demand for Ready to Eat Food Products Augments Growth for Food Re-Close Pack
The demand for food re-close pack is high in developed economies due to its increasing use in packaged food industry. North America is projected to hold largest share in this market, as the demand for packaged food has grown significantly and increasing popularity of ready to eat food among people. Europe is likely to follow North America and hold second position in the global food re-close pack market. Growing consumption of steak, bacon, and other meat products has surge demand for food re-close pack in this region.
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Asia Pacific, on the other hand is also considered a lucrative market for the growth of food re-close packs due to its high demand for better and sustainable storing. Moreover, developing food and beverages industry is also adding in expanding the food re-close pack market in Asia Pacific. Rising concerns related to food wastage, and consciousness among people has fueled growth in Asia Pacific food re-close pack market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
