According to new statistics from Future Market Insights (FMI), zipper pouch consumption would increase by 4.2 percent in 2021, reaching 44.3 billion units.
The whole market is estimated to reach US$ 2.1 billion in 2021, with a CAGR of 5.3 percent between 2021 and 2031. As customers exhibit increased interest in expertly packaged food goods, rising in-store sales will remain a key growth driver.
Zipper pouches are widely accepted because they may be resealed and reused. These items also provide effective protection from the outside environment and temperature variations. Zipper pouches are becoming more popular in the pharmaceutical, cosmetics, and personal care industries.
Marketers and retailers can use zipper pouches to meet consumer demand for attractive packaging. For the foreseeable future, consumer convenience through clear packaging qualities is likely to stimulate demand.
Manufacturers have moved their focus in recent years to the usage of recyclable raw materials like polyethylene (PE), polyvinyl chloride (PVC), and polypropylene (PP). Machine improvements have allowed for large-scale production with minimum waste.
The Zipper Pouch Market Study’s Key Takeaways
- Due to their relative simplicity of use, stand-up zipper pouches account for more than 79 percent of market value.
- In 2021, the United States will have a market share of about 89 percent in North America, thanks to a mature packaged food business.
- The zipper pouch market in Germany is expected to increase at a 5% annual rate, owing to the country’s large-scale manufacturing industry.
- Zipper pouches are the most extensively used packaging for various types of food goods, accounting for over 76 percent of the market share in 2021, thanks to a huge customer base and shifting consumer food and beverage consumption trends.
Landscape of Competition
Companies in the zipper pouch market are striving to grow their product portfolio and manufacturing capacity through strategic alliances and partnerships with other manufacturers.
Key players account for 20-30% of the global market. Market leaders are primarily focused on expanding manufacturing capacity while also investing in material innovation to increase packaging barrier qualities.
Zipper Pouch Market By Product Type (Stand Up Zipper Pouch, Flat Zipper Pouch), Material Type (Plastic, Aluminum Laminates, Paper), Closure Type (Slider Zip, Press to Close), End-Use (Food, Pharmaceuticals, Cosmetics & Personal Care) & Region – Forecast 2021 – 2031