Slider Zipper Pouch Market Expected to Reach $25.4 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Slider Zipper Pouch Market," The slider zipper pouch market size was valued at $13.1 billion in 2021, and is estimated to reach $25.4 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. A slider zipper pouch is an inexpensive flexible rectangular storage bag, usually transparent, made of polyethylene or similar plastic that can be sealed and opened many times, either by a slider, which works in a similar way to a zip fastener.

The demand for cost effective and safe form of packaging is experiencing growth that could be effective in packaging every type of food and cosmetic item. In addition, slider zipper pouches, are easy and fast to open and provide securely reclose with little effort or force. Ultra consumer-friendly slider closures provide the user with assurance of complete fastening and reliable product freshness. In addition, population growth has a positive effect on growing demand for various daily products such as water, milk, and petroleum products such as kerosene, diesel, and gasoline, which are expected to generate slider zipper pouch market opportunities during the forecast period.

Several manufacturers in the global slider zipper pouch market stopped their business activities in 2020, owing to lockdowns implemented in developed and developing countries and ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the slider zipper pouch manufacturing companies. In addition, lack of man power and raw materials affected the supply chain of the global slider zipper pouch market. However, the market is projected to recover from the 1st quarter of 2023, owing to reduced restrictions and reopening of the global slider zipper pouch industry.

Moreover, in 2021, with the availability of vaccine against COVID-19, the market is expected to gradually recover and led to slider zipper pouch market growth.

Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of the slider zipper pouch market. For instance, in June 2021, Constantia Flexibles acquired Propak, which is a leading player in the snacks market in Europe. This acquisition aims in improving the packaging solutions portfolio of the company.

The slider zipper pouch market is segmented into material, type, end user, and region. By material, the market is categorized into plastic, aluminum, and paper. On the basis of type, the market is fragmented into slider zip and press to close. The end user segment is fragmented into food, pharmaceuticals, cosmetics & personal care, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region dominated the market in 2021.

The key players profiled in the slider zipper pouch market analysis include, Amcor Limited, American Packaging Corporation, Bemis Company,Inc., Berry Global Group,Inc., Clear View Bags Company Inc., Coveris Holdings S.A., Flair Flexible Packaging Corporation, Glenroy, Inc., Interflex Group Inc., International Plastics Inc., Maco Bag Corporation, Mondi ,Printpack, Inc., Proampac LLC, Sealed Air Corporation, Sonoco Products Company, and Winpak Ltd.

The global slider zipper pouch market witnessed significant growth in the past decade, owing to rise in demand for compact and lightweight packaging in various sectors, such as foods & beverages and pharmaceuticals. A number of players are expanding their business globally, owing to increased customer base, enhanced effective operations, and developed product portfolios. This is anticipated to fuel the growth of the global market. 

KEY FINDINGS OF THE STUDY

•        The report provides an extensive analysis of the current and emerging global slider zipper pouch market trends and dynamics. 

•        Depending on material, the plastic segment was the largest revenue generator in 2021.

•        By type, the press to close segment generated the highest revenue in 2021.

•        By end user, the food segment dominated the market in 2021.

•        Region-wise, Asia-Pacific is anticipated to dominate the global slider zipper pouch market share during the forecast period.

•        The report provides an extensive analysis of the global slider zipper pouch market trends and emerging opportunities of the market. 

•        The global slider zipper pouch market forecast analysis from 2022 to 2031 is included in the report.