Reclosable Zipper Market - Forecasts from 2024 to 2029

Reclosable Zipper Market - Forecasts from 2024 to 2029

The reclosable zipper market is projected to grow at a CAGR of 4.50% over the forecast period from US$2.385 billion in 2024 and is expected to reach US$2.972 billion by 2029.

A reclosable zipper, also known as a zipper closure or ziplock, is a latch with two interlocking teeth that can be separated to open and joined to close. Regularly found on plastic bags, pouches, clothing, and wallets, they are helpful for habitually accessed things such as food or craft supplies. They make an airproof seal, keeping the substance fresh and secure from moisture and outside dirt of any sort.

One of the major driving factors of the global reclosable zipper market is the significant increase in the demand for resealable food packaging material for sustainable and environmentally conscious consumers. The growing demand for fresh and processed food has also led to an increase in the requirement for reclosable packaging solutions. The increasing preference for convenience packaging and the on-the-go lifestyle of the consumer will also positively impact the market expansion.

The PIB stated that The Food Processing segment in India has experienced a 7.26% AAGR increment, with a noteworthy increment in Gross Value Added by the sector from 1.30 lakh crore in 2013-14 to 2.08 lakh crore in 2021-22. This constant increase in the food processing sector will surely increase the demand for reclosable zippers as this industry relies on them for portion control, increased shelf life, convenience, and safety of the products, thus increasing the market growth immensely. Additionally, the collaboration between key market players for innovative advancement will contribute to the market’s growth in the coming years.

RECLOSABLE ZIPPER MARKET DRIVERS:

The increasing growth of the e-commerce and retail industries is expected to bolster the demand for the reclosable zipper globally.

The rise of e-commerce and retail demands ease of convenience, secure products, and economical packaging arrangements. With the increase in consumer purchases for a more extensive variety online, there's a requirement for packaging that can withstand shipping and arrive in great condition. Reclosable zippers are perfect for e-commerce deliveries and provide recyclable packaging solutions, which is expected to propel the global demand for reclosable zippers in the market.

The ITA data represented an increment in B2B e-commerce worldwide from US$21,019 billion in 2022 to US$36,163 billion by 2026. Moreover, it predicted an upsurge in revenue by 2027 of about US$5.5 trillion with a steady compound annual growth rate of 14.4%. With the increase in e-commerce, the emphasis on product resealable packaging and its display would also increase among consumers to upgrade their shopping experience. This potentially contributes to the market growth in the years ahead.

Moreover, Various major brands are grasping the eco-consciousness approach by creating sustainable packaging arrangements such as reclosable zippers made from recycled items. This is providing online retailers and environmentally conscious shoppers with single-serve packaging for food condiments, toiletries, and personal care things that align with the resealable behaviors of reclosable zippers, resulting in increasing demand.

Reclosable Zipper Market Geographical Outlook

The United States is predicted to contribute significantly to market growth.

One of the major factors boosting the reclosable zipper market is the rising demand for packaging products in the food and beverage industry. For instance, according to the Flexible Packaging Association, the United States flexible packaging industry is increasing. The flexible packaging industry had US$42.9 billion in sales in 2022 in the U.S. Exports account for nearly 9% of the total U.S. packaging industry, and more than 85,000 people are employed in this industry. As these reclosable zippers help preserve food from contamination, its market is expected to propel in the projected period.

Another major consumer of reclosable zippers is pet food packaging in the country. The pet food industry is growing significantly in the country, owing to the increasing number of people adopting pets and the increasing availability of pet food options on the e-commerce website. For instance, according to the American Veterinary Medical Association, in the United States, 62 million households own a dog, and about 37 million households own a cat. Increasing use of reclosable zippers for packaging pet food is anticipated to fuel the market growth in the projected period.

The growing demand for reclosable zippers in the pharmaceutical industry to keep products safe from any environmental exposure is expected to increase their use in the medical industry. Moreover, products such as powder zippers and liquid zippers specifically manufactured to keep the product safe inside are some of the major reasons propelling the market for reclosable zippers.

The e-commerce industry in the country is growing significantly, and the increasing sales of products online are anticipated to have a positive impact on the market growth. For instance, according to the United States Department of Commerce, e-commerce retail sales grew from US$17,81,398 million in the second quarter of 2023 to US$18,11,128 million in the third quarter of 2023. They reached US$18,21,361 million in the fourth quarter of 2023. E-commerce sales account for almost 15% of the total sales in the U.S., and in the coming years, this is expected to grow. Hence, with the increasing use of reclosable zippers in end-use industries such as food and beverage, pharmaceutical, and e-commerce, the market is expected to propel in the forecasted period.

Reclosable Zipper Market Key Developments:

January 2024- Accredo Packaging and Fresh-Lock collaborated to launch a flexible stand-up pouch that's more economical and child-resistant. The pouch employs over 50% Post-Consumer Recycled (PCR) substance, guaranteeing thorough food packaging. The pouch is outlined with Child-Guard® slider innovation and AccredoFlex range of recycled substance films, resulting in an unmatched rate of recycled substance in both the film and zipper closure. This technological innovation approach pushes the limits of food packaging with recycled substances.

Reclosable Zipper Market Key Players:

Reynolds Consumer Products- It is a leading provider of household products. It manufactures products to simplify mealtime with preparation, cooking, storage, and cleanup solutions. The company’s products are provided in the United States and internationally.
Glenroy, Inc.- Glenroy, Inc. is a trusted supplier of high-quality, customized, flexible packaging. The company specializes in manufacturing flexible packaging products such as stand-up pouches. It has been manufacturing packaging solutions since 1965.
Novolex- Novolex is a leader in packaging, choice, and sustainability. The company manufactures products from plastic, paper, and renewable materials for food packaging, delivery, and carry-out. It has over 10,000 employees, with 55 manufacturing facilities in North America and Europe.

Market Segmentation:

The Reclosable Zipper Market is segmented and analyzed as below:

By Type
Press to Close
Single Track Zippers
Dual Track Zippers
Powder Zippers
Liquid Zippers
Child Resistant Zippers
Others
By Application
Food
Clothing
Pet Food
Others
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
South Korea
Taiwan
Thailand
Indonesia
Others