The market for zipper pouches is expected to be worth US$ 2.35 billion in 2023 and is anticipated to approach US$ 3.90 billion by 2033, with a CAGR of 5.2% during that period.
The global zipper pouch market is anticipated to grow as a result of increased consumer awareness of environmental protection, personal safety, and local government laws requiring local manufacturers to adhere to strict standards of quality and safety.
The centerpiece propelling the market’s expansion is the increasing use of versatile and portable packaging for the fast-moving consumer goods market. Over the past several years, there has been a noticeable increase in the number of contemporary retail establishments like hypermarkets, supermarkets, and convenience stores.
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Industrial, food, and beverage industries all employ zipper pouches. Longer product shelf life is made possible by this. The global market is anticipated to grow at a rapid rate as a result of consumers’ increased preference for packaged goods, particularly food and beverage items, that provide advantages like easy opening, mobility, reclosability, and one-handed usability. Additionally, zipper pouches increase the shelf life of items, which is predicted to considerably contribute to market growth globally.
The cosmetics sector is also adopting high-quality packaging materials as a result of the usage of innovative packaging techniques and designs. As a result, this is fueling the market’s expansion. Additionally, automation in packaging is being adopted which is also boosting the zipper pouch market.
Retail sales and in-store transactions globally are anticipated to increase dramatically during the next several years. Furthermore, the necessity for flexible packaging solutions is increasing as the e-commerce sector expands. So, it is anticipated that this would present new prospects for the zipper pouch industry.
The zipper pouch market is dominated by North America, and during the forecast period, this pattern of predominance is anticipated to persist. In the majority of North American nations, convenience food consumption has grown. This trend is being seen as a result of significant factors including the evolving lifestyle of working individuals with busy schedules.
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COMPETITIVE LANDSCAPE
The top market players in the zipper pouch market are Sonoco Company, Berry Global Group, Winpak Ltd., Amcor Plc, Mondi Group, Bryce Corporation, Clondalkin Group Holdings, Glenroy, Inc., Novolex Holdings, LLC, Uflex Ltd, Rengo Co., Ltd, C.I. TAKIRON Corporation, Dsmart GmbH, Maruto Sangyo Co Ltd, Paras Printpack, Pentaflex Inc., and others.
To increase the usefulness and sustainability of their goods, these key market players in the zipper pouch market are always coming up with new designs, materials, and technologies. To stay competitive in the market, they are also concentrating on raising production efficiency and lowering costs.
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The post From 2023 to 2033, the Zipper Pouch Market is Projected to Expand at a 5.2% CAGR. appeared first on Future Market Insights.