Global Press-To-Close Zipper Market - 2021-2028
Global Press-To-Close Zipper Market Market Overview
The global press-to-close zipper market size was worth US$ XX billion in 2020 and is projected to show trajectorial growth by reaching up to US$ XX billion by 2028, at a CAGR of XX% between the framed period (2021-2028).
Press-to-close zippers are among the most effective resealable storage options available in the market and work efficiently with nearly every flexible packaging type, including box pouches, stand-up pouches, and shaped pouches. Due to its versatility and ease of use, this closure style has become an old favorite for many packaging industries. This packaging is perfect, cost-effective option for resealable pouches for cupboard storage, fridge storage, or freezer storage. Press-to-close zippers are familiar and convenient, effectively preventing contamination or spills, easy, secure resealing, and lightweight for on-the-go usage or e-commerce distribution. Besides, pouches with press-to-close zippers can also incorporate several other features that add value values to the product's growing market, such as maximizing shelf impact and improving the consumer experience compared to other packaging types available in the market.
Press-to-close Zippers Dynamics
Increasing demand for cost-effective, easy-to-close, contaminant-resistant, and high-performance closures recloseable/resealable options from various end-users creates immense opportunities for the press-to-close zippers to build a bigger market in recent times. Availability of a wide range of product types in press-to-close zipper packaging creates enormous opportunities for the product to target different end-users, thus expected to create a larger market share in the forecast period.
Increasing demand for cost-effective, easy-to-close, contaminant resistant and high-performance closures recloseable/resealable options from various end-users creates immense press-to-close opportunities for zippers to build a bigger market in recent times.
Press-to-close zippers are known to offer excellent, cost-effective recloseable/resealable options for many types of pouches, including both stand-up pouches and lay-flat pouches. Therefore the zippers are often used by different brands searching for a cost-effective alternative while also providing customer comfort. These zippers strike a good balance between features and price while also offering long-term freshness and convenience. The product offers various additional features such as lightweights, provides convenient recloseability and preserves the freshness of your products for consumers compared to other types of closures options available in the market. In addition, press-to-close zippers are ideal for on-the-go consumers and are the first choice for the e-commerce packaging industry. Thus improving demand for such packaging is more likely to create immense opportunities for the press-to-close zipper packaging in different end-users such as foodservice applications for frozen, heat-and-eat, and deli meat products.
For instance, in April 2015, Ampac, the world's leader in creative packaging solutions, launched its First Almond Pouch with QuickZip/Aplix Closure. The first commercial stand-up pouch with customer Select Harvest, utilizing the QuickZipTM closure featuring the Aplix fastener system.
Availability of a wide range of product types in press-to-close zipper packaging creates immense opportunities for the product to target different end-users, thus creating a larger market share in the forecast period.
The improving food and beverage industry in developing countries necessitate creating simple to close, contaminant-resistant, and high-performing closures. The press-to-close zippers market is proliferating as they provide hygiene and protection to any food, as well as anti-tamper features. Continuous zipper technologies, which give the customers higher-quality packaging solutions, drive the demand for press-to-fold packaging. The zipper closures are available in different styles, including ribbed zippers, double-lock zippers, flange zippers, color reveal zippers and others. Each type offers a different and unique feature for a particular application, thus building a huge business for the product in recent times. Furthermore, child-resistant zippers are also available in the market, which helps prevent unintended access to contents, including various functions such as feel and sound, anti-counterfeit zippers, and so on. The launch of an environmentally friendly zipper with a low carbon footprint is another booster for the press-to-close zippers market.
The arrival of eco-friendly packaging of press-to-close zippers to reduce the carbon footprint has created immense opportunities for the product to grow in the forecast period.
Various companies worldwide are investing a huge percentage of their revenue in building eco-friendly packaging to reduce the increasing usage of plastic packaging. Many countries are imposing stringent government regulations on increasing plastic consumption to reduce the growing carbon footprint. This leads to the arrival of eco-friendly press-to-close zippers made from recyclable plastic, so there is no need to deconstruct the packaging portion to make it Store-Drop off compliant.
For instance, In February 2019, Elplast America, Inc., in collaboration with PFM, Corapack, and Futamura, brings the first compostable bag with EL-ZIP® ECO Zipper made on an HFSS packaging machine.
COVID-19 Impact Analysis
As the coronavirus epidemic spreads and its humanitarian effect grows, sectors that help meet basic needs, such as getting food and supplies to customers safely, are increasingly impacted. With food packaging being the packaging industry's largest activity area, the $900 billion per year worldwide industry is on the front lines. The coronavirus outbreak has already resulted in some of the sharpest drops in demand for certain forms of packaging in recent memory while accelerating others' growth-such as packaging for e-commerce shipments, which are quickly becoming lifelines in this new world. Such changes are taken care of by many packaging companies with a new set of challenges. Packaging for groceries, healthcare goods, and e-commerce transportation has seen a significant increase in demand. Demand for industrial, luxury, and some B2B-transport packaging has fallen at the same time. Thus the effect of COVID-19 on packaging companies will be determined by their portfolios and exposure to various areas, packaging end uses, and substrates.
Press-to-close Zippers Market Segment Analysis
The global press-to-close zippers market is segmented based on style, material, end-user and region.
Increasing the inclination of developing countries towards adopting eco-friendly yet sustainable packaging sources that can add value to the environment without hampering the ecological conditions is triggering the market's bioplastic segment.
In terms of material, the global press-to-close zippers market is segmented into polyethylene (PE), linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), ethyl vinyl alcohol (EVOH), polylactic acid (PLA), polyamide (PA), bioplastics and others. Out of different materials used for the press-to-close zippers, the bioplastic segment is expected to grow faster. The prime reason behind the segment's significant growth is the increasing inclination of developing countries towards adopting eco-friendly yet sustainable packaging sources that can add value to the environment without hampering the ecological conditions. Various companies have started shifting their manufacturing to developing eco-friendly packaging over using plastic and its types as the raw material for developing press-to-close zippers. Companies are also bringing bio packaging film derived from readily renewable cellulose and fully biodegradable and compostable, which is expected to uplift the global market share for the forecast period's bioplastic segment.
For instance, in January 2021, AccuFlex Packaging built nearly HP's Indigo 20000 press. It supported it with new state-of-the-art coating, slitting and pouch equipment in its recently constructed stand-alone food packaging manufacturing site. The efforts made by the company are focused on sustainable film options for the industry.
Press-to-close Zippers Market Geographical Analysis
Improving global economy with growing working population, rising domestic demand for ready-to-eat & convenience food products are expected to boost the market for zippers in the Asia-Pacific region in the forecast period
The APAC region registered the largest market share of press-to-close zippers in recent times. Prime factors behind the region growth are improving the global economy, expanding the working population, rising domestic demand for ready-to-eat & convenience food products, and boosting the market for zippers in the forecast period. The market for press-to-close zippers in APAC is growing in the food, beverage, pharmaceutical, and personal care & cosmetics industries due to the packaging's functional properties, such as safety, cost-effectiveness, strength, lightweight, durability, environmental-friendliness, and handling convenience. In addition, rising government concerns towards the adoption of a sustainable solution to reduce carbon footprint are adding value to the growing market of the product in the region
Press-to-close Zippers Market Competitive Landscape
The press-to-close zippers market is highly competitive and consolidated with the presence of local and global companies. Some of the key players contributing to the market's growth include Layfield Group. Ltd, Elplast Sp. o.o, Reynolds Consumer Products Inc, Glenroy, Inc, Montage, Pacific Bag, Sealed Air, Novolex, Zip-Pak, IMPAK CORPORATION, and others.
The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the cavitated film market's growth globally. Collaboration is the prime growth strategy adopted by various press-to-close zippers.
Overview: The company came into the market in 2002 and expanded its Europe plant in 2016. The company manufactured over 3.2 billion feet of EL-ZIP® Press to Close Zippers in 2019. Furthermore, more than 1000 customers in over 60 countries on six continents use EL-ZIP® Press to Close Zippers.
EL-ZIP® press to close zippers: The products are used for horizontal and vertical packaging machines and pouch-making lines that improve quality and performance simply and effectively. The company has designed the product between 3mm to 50mm wide, made of polyethylene and propylene, compatible with films with sealing layers of CPP, PE, OPP, and BOPP.
The global press-to-close zippers market report would provide access to a 58 market data table, 60 figures, and 266 pages.
Target Audience 2022
LIST NOT EXHAUSTIVE