Industry Background:
Reclosable food packaging solution is refer as the procedure to package food that can be closed/resealed after dispensing the contents of the package. It provides convenience to the customers by easing the storage coupled with preserving the product freshness thus extending the shelf life. Brand owners across the world readily prefers the reclosable food packaging solution such as bags, pouches, wraps, etc. which can be available in customised shapes and sizes
This growth is primarily driven by Rising customer inclination towards the ease of storage for food products, Growing health awareness among the consumers due to the use of non-carcinogenic materials used in food packaging and Demand for light weighed packaging solutions.
Globally, a noticeable market trend is evident Rising inclination toward innovation in environment-friendly and sustainable packing
. The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Sealed Air Corporation (United States), Ampac Holdings (United States), Mondi Group (Austria), Sonoco Products Company (United States), Toray Plastics (America), Accredo Packaging (United States), Bemis Company (United States), Bostik SA (United States), Pacific Bag (United States) and Bischof + Klein SE & Co. KG. (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Arkema S.A. finalized the acquisition of Bostik S.A., Bostik completed the acquisition of XL Brands, among the leaders in floor covering adhesives in the United States and Ampac Holdings to merge with Prolamina
Sealed air announces sales and marketing agreement with cubiscan to optimize packaging operations and ProAmpac’s fully recyclable QuadFlex pouch gets an innovative green thumbs up
Market Drivers
- Rising customer inclination towards the ease of storage for food products
- Growing health awareness among the consumers due to the use of non-carcinogenic materials used in food packaging
- Demand for light weighed packaging solutions
Market Trend
- Rising inclination toward innovation in environment-friendly and sustainable packing
- consumers taste shifting towards specialty & processed food
Restraints
- Higher costs for the reclosable packages as compared to conventional packages
Opportunities
Introduction of sustainable packing materials by major manufacturers, coupled with increasing consumption volume by buyers, is expected to provide an impetus to industry growth over the next upcoming years
Challenges
Other alternative to the reclosable packaging
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Reclosable Food Packaging Study Sheds Light on
The Reclosable Food Packaging Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Reclosable Food Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Reclosable Food Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.