Reclosable Food Packaging Market: Overview
Over the years, the packaged food industry has witnessed incredible growth and is expected to have this momentum in the future as well. It has been observed that, most of the purchase decisions are heavily influenced with the type of packaging. Often, consumers had no other choice rather than to transfer the packaged content into a non-branded container. Thus, reclosable packaging has emerged as a novel packaging solution to the above concern. The term re-closable refers to a packaging solution that can be closed/resealed after dispensing the contents of the package. Reclosable food packaging provides convenience to the customers by easing the storage coupled with preserving the product freshness thus providing increased shelf life. Brand owners across the globe readily prefer reclosable food packaging solution such as pouches, bags, wraps, etc. available in customized shapes and sizes.
Reclosable Food Packaging Market: Drivers & Restraints
The global reclosable food packaging market has been prominently driven as a result of the rising customer inclination towards ease of storage for food products during the forecast period. In general, growth in packaged food industry coupled with the emphasis on designing aesthetically appealing yet handy packaging solutions is expected to fuel the reclosable food packaging market during the forecast period. Also, growing health awareness among the consumers for use of non-carcinogenic materials for food packaging along with demand for light-in-weight packaging solutions acts as a constructive factor leading to the evolution of global reclosable food packaging market. However, on the other side, the relatively higher costs for these reclosable packages as compared to conventional packages may act as an obstacle in the growth of global reclosable food packaging market during the forecast period.
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Reclosable Food Packaging Market: Regional Overview
Geographically, the global reclosable food packaging market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
Growing awareness among the customers towards reuse of numerous packaged food items in North America, as well as European region, is anticipated to continue its dominance throughout the next decade. Also, as this reclosable food packaging solutions such as pouches, bags, etc. extends the shelf life of perishable food products packed in it, and hence, are readily preferred by end-users. The APAC region is anticipated to emerge as a most lucrative market for reclosable food packaging during the forecast period, owing to high demand from end-use food industry. Growing inclination of people towards ready to consume processed food products coupled with rapid urbanization and increase in disposable income are some of the key factors for the growth of reclosable food packaging market in this region. Also, the Middle-East and African region are expected to observe a healthy rate of growth owing to the rapid rise in the packaged food items across this region.
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Overall, the global reclosable food packaging market is expected to register a healthy growth rate over the forecast period 2017-2025.
Reclosable Food Packaging Market: Key Players
Some prominent players that operate in the reclosable food packaging market across the globe are Sealed Air Corporation, Ampac Holdings, LLC., Mondi Group., Sonoco Products Company, Toray Plastics (America), Inc., Accredo Packaging, Inc., Bemis Company, Inc., Bostik SA, Pacific Bag, Inc., Bischof + Klein SE & Co. KG., and many more.
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.
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