Slider Zipper Pouch Market Research, 2031
The global slider zipper pouch market size was valued at $13.1 billion in 2021, and is projected to reach $25.4 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. Slider zipper pouches are specially used to store food items or heavy products. Slider zipper pouches are easy to use, re-usable, and are highly durable.
The growing adoption of flexible and lightweight packaging for fast moving consumer goods industry is the major factor driving the growth of the market. In addition, use of new techniques for new designs for packaging is leading to adoption of high-quality materials for packaging in the cosmetic industry. Thus, this in turn is driving the growth of the market. Moreover, adoption of automation in packaging is another factor driving the slider zipper pouch market growth.
However, uncertain price of raw materials used for manufacturing the slider zipper pouches is leading to high cost of such pouches. Thus, limiting the growth of the slider zipper pouch market share.
During the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment used for slider zipper pouch as well as their demand in the market, thereby restraining the growth of the slider zipper pouch market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of slider zipper pouch companies at their full-scale capacities, thus helping the slider zipper pouch industry to recover by end of 2021.
On the contrary, the growing e-commerce industry is leading to rise in demand for flexible packaging solutions. Thus, this is expected to offer new opportunities for the slider zipper pouch market.
The slider zipper pouch market is segmented into material, type and end user. 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.
On the basis of material, in 2021 the plastic segment dominated the slider zipper pouch market, in terms of revenue, and the paper segment is expected to witness growth at the highest CAGR during the forecast period. As per type, in 2021, the press to close segment led the market, and the slider zip segment is expected to exhibit highest CAGR in the near future. By end user, the food segment led the market in 2021, in terms of revenue and the cosmetics & personal care segment is anticipated to register highest CAGR during the forecast period. Region-wise, Asia-Pacific garnered the highest revenue in 2021; however, LAMEA is anticipated to register highest CAGR during the forecast period.
COMPETITION ANALYSIS
The key players profiled in the slider zipper pouch market report 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. Major companies in the market have adopted product launch, agreement and acquisition as their key developmental strategies to offer better products and services to customers in the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the slider zipper pouch market analysis from 2021 to 2031 to identify the prevailing slider zipper pouch market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the slider zipper pouch market forecast.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global slider zipper pouch market trends, key players, market segments, application areas, and market growth strategies.
Slider Zipper Pouch Market Report Highlights
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Analyst Review
Asia-Pacific is expected to dominate the slider zipper pouches market during the forecast period. Growth in demand for ready to eat food items, packaged food and instant drinks owing to changes in lifestyle of consumers to save time for the consumption of food propel demand for slider zipper pouches. Slider zipper pouch are used for promotional, marketing, or advertising purposes to be distributed as a sample to consumers and to make them aware about the products. Moreover, rise in the number of retail industries and investments by key players for development of eco-friendly & recyclable packaging material lead to upliftment in the slider zipper pouch market. This is expected to propel the growth of the slider zipper pouch market during the forecast period.
Players operating in the market have adopted acquisition, partnership, business expansion, and product launch as their key growth strategies to gain a stronger foothold. For instance, in April 2021, Constantia Flexibles opened a new fully automated production site of Constantia Copenhagen that covers a total area of 6,000m where slider zipper pouch can integrate more processes and products to expand its business. It aims to improve the presence and competitiveness in the market.
The global slider zipper pouch market was valued at $13,102.7 million in 2021, and is projected to reach $25,362.1 million by 2031, registering a CAGR of 6.7% from 2022 to 2031.
The forecast period considered for the global slider zipper pouch market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
Latest version of global slider zipper pouch market report can be obtained on demand from the website.
The base year considered in the global slider zipper pouch market report is 2021.
The top companies holding the market share in the global slider zipper pouch market report 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 top seventeen market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 17 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
By material, the plastic segment is the highest share holder of slider zipper pouch market.
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