The global food re-close pack market is segmented by packaging type into flexible re-close pack and rigid re-close pack; by material into HDPE, PP, PET, PVC and others and by regions. Food Re-close Pack Market is anticipated to mask a CAGR of 3.4% during the forecast period i.e. 2018-2027.
Currently, the global food re-close pack market is observing vibrant growth on the back of the increasing demand of sustainable packaging in the market. Advances in the food and beverage industry in the past few years and growing technological explorations are projected to drive the food re-close pack market besides the wide range of functions of food re-close packs in an immense range of products such as cheese, chips, bacon, cakes and cookies and lot more during the forecast period.
As a developed region with high disposable income, North America is panned to observe substantial growth in food re-close pack market on the back of rising food re-close pack usage in the increasing packaged food industry. North America is expected to be followed by Europe in terms of consumption on account of expanding food re-close pack requirements in bacon, steak and other meat products packaging. The Asia Pacific is expected to drive demand and positively impact food re-close pack market growth over the forecast period owing to increasing food re-close pack application for longer product storage and sustainability.
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Growing Applications on Account of Prolonged Food Shelf Life
The property of food re-close pack providing water barrier as well as prevents entering of stringent moisture that can harm the product inside is estimated to contribute significantly for food re-close pack market for household applications. Re-closable packages are economically more sustainable and advantageous when comes to food products storage than conventional packages. Food Re-close Pack provides enhanced user experience and prolonged and sustainable content storage.
However, other alternatives such as clip closures, zip bags and many more forms of food storage packaging products available in the market are capable of keeping food fresh for long period of time with reusability are attributed to pose as threats in the growth of the food re-close pack market. Additionally, a lack of awareness regarding food re-closable packs across the developing and under-developed regions around the world is expected to serve as a restraint in the growth of the market.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global Food Re-close Pack market which includes company profiling of Amcor Ltd., Sonoco Products Co., Macfarlane Labels Ltd., Bemis Company Inc., Essentra plc, Bostik (Arkema Group), Avery Dennison Corp., ANL plastics N.V., Coveris, and Etik Ouest. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global Food Re-close Pack market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
