Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.98 Billion | USD 38.40 Billion | 8.8% | 2023 |
According to Zion Market Research, the global Easy Open Packaging Market was worth USD 17.98 Billion in 2023. The market is forecast to reach USD 38.40 Billion by 2032, growing at a compound annual growth rate (CAGR) of 8.8% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Easy Open Packaging Market industry over the next decade.
Packaging can be described as a cost-effective method of presenting, preserving, labelling, and storing a commodity during its storage, transportation, and sale. Easy open packaging is a form of flexible packaging that is designed to open easily without requiring additional physical power.
This packaging process creates pouches, packets, and other foldable food packages from a range of lightweight materials such as cardboard, rubber, and paper, which are sealed with heat or pressure. A broad range of residential, institutional, and industrial goods are protected, promoted, and distributed using flexible packaging. This type of packaging is often used for single-serve food products.
COVID-19 Impact Analysis
Due to the COVID 19 outbreak, easy open packaging market suppliers are experiencing supply chain disruptions as well as reduced manufacturing at their facilities in many parts of the world. However, the demand for medical and healthcare supplies is expected to have a positive impact on the easy open packaging market.
Snacking is becoming more common, as is the use of single-serve and re-usable packaging options. The consumer's demand is met by easy open packaging. These are smaller in weight, resulting in lower freight costs for commodities. As a result, easy open packaging has proven to be one of the most effective and cost-effective packaging options for brand owners in the packaged food industry. However, the lack of high-speed filling equipment, which has a certain impact on mass production, is hindering the easy open packaging market.
Growth Factors
The growing flexible packaging industry, technical advancements in packaging, and the disposable income are the main factors driving the growth of the easy open packaging sector. The easy open packaging market is becoming more competitive as demand from a variety of end consumer sectors such as cosmetics and toiletries, healthcare, food and drinks, chemicals, and others grows.
Furthermore, with an ageing world and a population surviving independently into old age, it's more important than ever that packaging is simple to open for all, including the elderly, who also have diminished physical ability.
Consumer convenience is driving the rise of the easy open packaging market, as customers want packaged goods that they can use/consume in the simplest and most convenient manner possible. The easy open packaging market will expand rapidly in the coming years, as customers become more comfort-conscious and seek convenience in food packaging.
Report Attributes | Report Details |
---|---|
Report Name | Easy Open Packaging Market |
Market Size in 2023 | USD 17.98 Billion |
Market Forecast in 2032 | USD 38.40 Billion |
Growth Rate | CAGR of 8.8% |
Number of Pages | 130 |
Key Companies Covered | Youpeng Packaging, BSI Group, Crown Holdings, Inc., FlexPak Services, Sealstrip Corporation, and others |
Segments Covered | By Material Type, By Application and 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 |
Product Type Segment Analysis Preview
Plastic is projected to hold 22.75% share of the global easy open packaging market. Plastic is the most commonly used easy open packaging raw material, accounting for 78.3 percent of overall sales in 2016. Because of increasing customer preferences, low delivery prices, and less storage needs, these materials have a lot of market opportunity. It is commonly used in the food and beverage industry because it can take several different types and shapes, all of which are essential to the industry.
The biocompatibility of the raw material has led to increased use in a variety of end-use sectors, including food and beverage and cosmetics. The segment's growth is expected to be aided by the growing need to reduce landfill waste.
Application Segment Analysis Preview
Food & beverage was the most common application category in of global sales. Over the projected era, rising demand for prepared foods such as ready-to-eat meals, frozen meals, snack snacks, and cake mixes is projected to push producers to expand production capability, thus increasing commodity demand.
The growing popularity of nutritional enrichment, along with the European Commission's support for domestic regulations governing the use of easy open packaging in food applications, is expected to boost industry demand. Presence of key manufacturers along with increasing R&D expenditure to develop innovative flexible packaging products in Europe is expected to promote demand in the near future.
Regional Segment Analysis Preview
The Global Easy Open Packaging Market is divided into five regions: North America, Europe, Asia Pacific, Latin America and Middle East Africa. Because of the growing flexible packaging industry and changing customer lifestyles, the easy open packaging market in North America is rapidly growing.
Europe Easy Open Packaging Market holds 27.05% share of the global market. Consumer demand for flexible packaging is increasingly increasing, and the easy open packaging market in Europe is expected to rise at a reasonable rate. Furthermore, due to the flexible packaging and advanced technology in easy open packaging, such as “bubble in the seal” technologies to quickly open flexible packages, demand for the easy open packaging industry in Europe is very strong in Germany and the United Kingdom.
The easy open packaging market in Asia Pacific is also expected to develop rapidly during the forecast period, owing to the expansion of the packaging market, especially in China and India.
Key Market Players and Competitive Landscape
the few players in the global easy open packaging market. Product usability is a priority for easy open packaging manufacturers, which have specialised flexible packaging with a conveniently open option in the packaging of every consumer product.
Material Type
Application
By Region
FrequentlyAsked Questions
Easy Open Packaging Market size is set to expand from $ 17.98 Billion in 2023
Easy Open Packaging Market size is set to expand from $ 17.98 Billion in 2023 to $ 38.40 Billion by 2032, with an CAGR of around 8.8% from 2024 to 2032
The growing flexible packaging industry, technical advancements in packaging, and the disposable income are the main factors driving the growth of the easy open packaging sector.
North America will make the notable contributions in the Global Easy Open Packaging Market
Some of the key players in the Global Easy Open Packaging Market include Youpeng Packaging, BSI Group, Crown Holdings, Inc., FlexPak Services, Sealstrip Corporation, and others.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed