The reclosable zipper market is expected to be valued at US$ 2.5 billion in 2024. For 2023, the value of the market was marked at US$ 2.4 billion. The market is expected to progress at a modest rate over the period from 2024 to 2034, with a CAGR of 4.6%. By the end of the forecast period, the value of the reclosable zipper market is slated to have inflated to US$ 3.9 billion
Consumption Analysis of the Reclosable Zipper Market
· Reclosable zippers’ fate is linked with the packaging that employs the zippers. Reclosable bags and pouches remain as popular as ever, thereby ensuring the demand for reclosable zippers.
· Reclosable zippers lend the quality of reusability to packaging material. Reusability is a considerable draw among consumers; thus, the use of reclosable zippers in packaging is increasing.
· Safety is a primary concern in packaging. Reclosable zippers are used to protect materials inside, like food and medicine. Innovations like powder-proof reclosable zippers are further increasing confidence in reclosable zippers.
· Reclosable zippers are versatile and are thus finding application in several industries. From food & beverage and pharmaceuticals to high-end sectors like fashion, the scope of reclosable zippers is ever-widening.
· Reclosable zippers are primarily made from plastic. As governments all over the world impose strict regulations on the use of plastic, there is considerable challenge for the market.
Trends in the Reclosable Zipper Market
· In a bid to improve consumer experience, manufacturers have introduced child-resistant zippers. The compact size of packaging with reclosable zippers often falls prey to children’s hands. Thus, child-proof zippers are in vogue.
· With increasing distaste toward plastic and mounting regulations, manufacturers are compelled to adapt. Thus, the production of reclosable zippers with sustainable materials like recyclable plastic is being stepped up.
· Like many packaging industries, e-commerce is playing an important role in the reclosable zipper market. E-commerce is turning into a significant avenue for the sale of reclosable zipper bags, and thus, the market for reclosable zippers has benefitted.
· Approvals from regulatory bodies for various food substances and medicines are giving a new dimension to the market. For example, the legalization of cannabis in various parts of the world is beneficial to the growth of reclosable zipper packaging.
· Reclosable zipper packaging provides an affordable option to consumers. As opposed to other types of packaging, reclosable zipper packaging is cheaper. In addition, the reusability of the packaging serves to further help consumers about cost.
· Reclosable zippers are lightweight and are thus easy to handle. As a result, traveling consumers often prefer reclosable zipper bags. Reclosable zipper packaging is also finding use in the transport of industrial packages.
· Reclosable zipper bags and pouches are taking the help of creative designs and implementing advertising. The practice of colorful designs is extending to the zippers. Thus, the trend of attractive packaging is helping the market to grow.
Country-wise Analysis
Zipper Bags for Longer Shelf Life of Food Accelerating the Market in India
India is estimated to be one of the leading countries in the market over the forecast period, with a CAGR of 6.2%.
With the rising population, the food demand in India is significant. As a result, the food production in the country is rising, creating the need for large amounts of packaging.
Booming Online Sales Furthering the Cause of the Market in China
For the forecast period, the CAGR in China is pegged to be an encouraging 5.3%. The online segment is helping the expansion of the packaging industry in China with its one-stop service. As a result, e-commerce is the key to market growth for easy access to a variety of reclosable zipper packaging.
Japanese Manufacturers are Taking the Help of Attractive Designing to Increase Sale
Japan is another Asian country that holds opportunity for the market. For the forecast period, the CAGR for Japan is anticipated to be a steady 3.7%.
Manufacturers of reclosable zipper packaging products are getting creative with the design of the product. Various colors and tie-ins are used in the likes of bags and pouches. Thus, the market is being driven in Japan.
Sustainable Reclosable Zippers are Preferred in Australia
Sustainable practices are quickly becoming the norm in Australia. The recycled polyester trend is prevalent in packaging in the country to reduce greenhouse gas emissions. Moreover, paper over plastic packaging material for easy degradation is presenting key opportunities in the country. Thus, Australian consumers are leaning toward sustainable packaging closures. The CAGR for Australia over the forecast period is predicted to be a calm 4.2%.
Convenience of Reclosable Zippers is Winning Over Consumers in the United Kingdom
The United Kingdom is one of the most promising countries in Europe for the market. For the 2024 to 2034 period, the CAGR for the United Kingdom is projected to be a respectable 4.7%.
Flexible packaging is a primary concern among suppliers in the United Kingdom. Consumers are also partial to the convenience provided by reclosable zippers. Thus, easy-to-handle reclosable zippers are gaining popularity in the United Kingdom.
Competitive Landscape in the Reclosable Zipper Market
The reclosable zipper market needs to be more cohesive. Several multinational players exist, but small-scale local companies have plenty of room to grow.
Innovation is considered key by market players. In addition to innovative products, like ones made with recyclable material, innovative designs for ease of use are also given importance by market players.
Recent Developments in the Reclosable Zipper Market
· In November 2022, Aptar developed a child-resistant zipper. The AptarZip child-resistant zipper is specifically designed in a way that makes it hard for children to open the packaging.
· In August 2022, Fresh-Lock showcased its line of flexible packaging solutions, including reclosable zipper packaging at SuperZoo 2022. The packaging is designed specifically for pet food.
· In July 2022, Textron introduced the Textron TruClose zipper. It is a reclosable zipper focused on preventing accidental opening, as it comes equipped with a safe closure.
· In June 2020, German pet food brand Mera announced a collaboration with Mondi. Mondi would supply packaging with reclosable zippers to keep the pet food inside moist.
