Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 241.8 Million | USD 606.23 Million | 9.6% | 2023 |
According to the report published by Zion Market Research, the global Resealable Closures and Spouts Packaging Market was valued at USD 241.8 Million in 2023 and is predicted to reach USD 606.23 Million by the end of 2032. The market is expected to grow with a CAGR of 9.6% during the forecast period. The report analyzes the global Resealable Closures and Spouts Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Resealable Closures and Spouts Packaging industry.
Resealable closures and spouts packaging is a great innovation in pouches and bags packaging. They are used to store sauces, oil, adhesives, cream, and many other items. It provides protection from spillage and maintains the freshness for the longer period. Resealable closures and spouts packaging can be resealed to prevent from contamination. For instance, Zip-Pak, a leading company for zipper technology for flexible packaging, is going to showcase its line of resealable closure innovations in Pack Expo 2015.
Resealable closures and spouts packaging is in high demand in personal care, food and beverage, cosmetic, healthcare, pharmaceutical industries, and others, which is expected to foster the global market growth in future. Niche innovations and improved designs will fuel the global market in the coming years. Baby care products also use resealable closures and spouts packaging. Owing to changing lifestyle and advantage of the resealable closures and spouts packaging, many products can easily be stored and carried. All these factors are projected to enhance the global market resealable closures and spouts packaging growth in future. In addition, this packaging also increases the shelf life of the product which is also anticipated to contribute to the growth of the global market.
On the basis of application, the global resealable closures and spouts market is segmented as pharmaceuticals, personal care, consumer goods, food & beverage, electronics goods, paint and dyes, and others.
Of these, food & beverage is the most demanding sector in the application segment.
Based on product type, the global market is categorized as pillow pouches, stand up pouches, flat pouches, and others.
Standing pouches is the most demanding product type of all. The resealable closures and spouts packaging market are divided
On the basis of material as paper, metal, glass, plastic, and others. Of these, plastic is the widely preferred material in the global market owing to its light weight and sustainability properties.
Report Attributes | Report Details |
---|---|
Report Name | Resealable Closures and Spouts Packaging Market |
Market Size in 2023 | USD 241.8 Million |
Market Forecast in 2032 | USD 606.23 Million |
Growth Rate | CAGR of 9.6% |
Number of Pages | 206 |
Key Companies Covered | Bemis Company, Amcor Limited, Janco Inc., Huhtamaki, Ampac, Constantia Flexibles, Dupont, Multivac, Winpak Limited, Essel Propack, and Albéa. |
Segments Covered | By application, By product type, By Material, By End-Use Industry, By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is the prominent region for resealable closures and spouts packaging owing to increasing number of consumers. In addition, consumer preferences for more attractive packaging and increasing disposal income of people in this region also impact the global market growth in a positive way. Europe is a mature market for resealable closures and spouts packaging with the presence of major competitive market players. North America is anticipated to show significant growth in the near future. Increasing investment in the manufacturing sector by this region is anticipated to drive the global market. The Middle East shows a considerable growth for resealable closures and spouts packaging market due to increasing consumer concerns for recyclable packaging. Furthermore, Latin America is also expected to witness higher growth in the near future.
Some of the key players in the global resealable closures and spouts packaging market include
By Application
By Product Type
By Material Type
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