Reclosable Films Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

In terms of revenue, the Global Reclosable Films Market is anticipated to grow at an noteworthy CAGR of 8% during the forecast period.

The market is estimated to be driven by growing consumption of packaging food and rising adoption of see-through packaging solutions. The ability of reclosable films to offer extended shelf life to the product coupled with pricing affordability is anticipated to be significant aspect behind the future growth of the reclosable films market.

Reclosable films are high quality packaging films provide excellent oxygen and moisture barrier used to pack, store, and transport the variety of food and non-food items. Reclosable packaging films are predominantly used in key industries such as food & beverages, pharmaceuticals, personal care, and others industries, as a plastic packaging intermediary. TMR team segmented the analysis of reclosable films market based on various factors such as material type, peel strength, packaging type, thickness, and demand from end-use industry across five regions. As per the TMR analysis, by packaging type, trays segment in the reclosable films is account for hefty market share and is expected to further lead the overall reclosable films market throughout the forecast period.

Rising Preference for Shelf Life Enhancing Packaging Solutions Augment Demand

Manufacturers develop reclosable films with robust seal performance. Reclosable films are used to address different types of packaging needs and exhibit superior sealing functionality. The shelf life of any product is a major factor for end users and thus, the demand for reclosable films is expected to increase considerably in the upcoming years. A small increase in shelf life, especially in meat products, is a valuable proposition for the industry participants and creates significant opportunities for them to enhance their market footprint. Packaging films and implementation of packaging formats, such as modified atmosphere packaging and vacuum, enables reclosable films packaging manufacturers and retailers to extend shelf life of various products, such as bakery & confectionery, fruits & vegetables, ready-to-eat foods, frozen foods, etc. The reclosable films demand is benefiting from the growing dominance of large retail chains in developed and developing national markets, as these chains help to expand the market for packaged foods while laying emphasis on shelf life extension.

Rising Consumption of Convenience Foods Supplement Sales of Reclosable Films

One of the key factors expected to play a crucial role in the growth in demand for reclosable films is increasing demand for convenience foods in emerging economies, such as China, India, and ASEAN countries. Convenience foods, such as bakery items, confectionery & snacks, and meat & dairy products available at various food outlets have witnessed significant rise in consumption. This is expected to positively impact the growth of the reclosable films market. Furthermore, the global food & beverages market has witnessed healthy growth over the past few years, and this is projected to continue in the foreseeable years. Moreover, this remarkable market growth is not just in mature markets of North America and European countries, but also in the fast-growing and developing markets in Asian countries. Furthermore, rising middle-class group coupled with increasing expenditure on food consumption in emerging markets is anticipated to boost the economic growth of the food & beverages industry. This is likely to create a positive impact on the demand for reclosable films across the globe.

Low Puncture Resistance Hampering Demand for Reclosable Films

Reclosable films are available in the market with a variety of thickness and grade, even though they fail to provide physical protection to the product. These reclosable films are prone to tear and have low puncture resistance which in turn may affect and degrade the product quality, pack, and seal inside it. Owing to this factor, reclosable films require gentle and proper handling throughout the value chain in order to provide protective and efficient packaging solution.

Flexible Reclosable Films Replace Rigid Carton Options for Bag and Pouch Products

Reclosable films are being highly publicized for keeping the product fresh for longer time, and also ensure consumer convenience. Innovative lidding solutions bode well for growth of the reclosable films market, which is estimated to expand by 1.5x times to current market value. Top lid flexible films and rigid blisters are being used for the packaging of cheese and processes meat slices. This trend of rigid and flexible packaging is attracting investor sentiment in the reclosable films market and is playing an instrumental role in the development of attractive bags and pouches.

Resealable Stand-up Pouch Bags Highly Preferred for Candy Packaging

Stand-up pouch bags are swiftly capturing the packaging and reclosable films market, owing to its customer convenience and marketing advantages. These bags are being used as a great way to convert products into marketing vehicles in supermarkets and other retail outlets. Manufacturers are increasing their production capabilities to introduce a variety of sizes and styles in stand-up pouch bags made from reclosable films. Eillien’s Candies Inc.— a manufacturers of high-quality assortments and snacks, uses reclosable and non-reclosable pouch bags for the packaging of chocolates and dry fruits.

Apart from food, companies in the reclosable films market are expanding their business in other retail formats, such as in grocery and drugs to broaden their revenue streams. They are gaining efficacy to design resealable zip-top pouch bags that are available in a polished look and help to increase the uptake of products. Manufacturers are developing both printed and clear film bags that are used in various end-use cases.

Front Flap Sealings Overcome Limitations of Adhesive Stickers in Pouches

Resealing of products helps in the consumption of food when individuals are on the go. This trend is very prominent for snacks and confectionary packaging to ensure that the food stays fresh. Similarly, stickers are used to reclose pasta pouches and bags. However, the adhesive force of stickers tends to eventually weaken after a certain amount of time. Hence, manufacturers in the reclosable films market are innovating in zip-top bags and pouches to overcome the limitations of adhesive stickers.

Other innovations to overcome issues of adhesive stickers are front flap sealings. Swiss Delice— a manufacturer of luxurious Swiss premium chocolates, has introduced a new type of resealable closure on the front of the stand-up pouch, instead of on the upper edge for the packaging of its chocolates.

Technological Advancement Associated with Packaging Films Gaining Momentum in Market

  • The primary purpose of food packaging is to ensure that the food is protected from environmental contaminants. Glass or metal is considered as the best choice for food packaging, but the cost of manufacturing, weight, and fragility are some of the factors that restrict their applications. Over the last few years, manufacturers, particularly in developed countries, are increasingly adopting innovative packaging solutions, which not only retain the product quality but also ensure convenience in handling.
  • Packaging of meat & poultry, and ready-to-eat foods and pharmaceutical products requires high barrier materials to ensure that the items are protected from water vapor, oxygen, and harmful contaminants. Thus, packaging film manufacturers are incorporating active packaging technologies in conventional plastic packaging films. For instance, Sealed Air one of the leading reclosable films manufacturers has designed reclosable lid films with anti-fog technology to keep product fresh with premium appearance. This reclosable lid film is designed with oxygen-barrier layer and also possesses modified atmosphere packaging (MAP) properties. Shifting inclination of end users toward such advanced packaging solutions to extend the self-life of products is driving the reclosable films market.

Increasing Use of See-through Packaging Solutions for Enhanced Aesthetic Appeal

  • Transparency of a package is often perceived as an indication of the quality of the product. If consumers are not able to see what is inside the package, they are less likely to purchase it. The demand for see-through packaging is on the rise, particularly in the food & beverage industry. Transparent packaging imparts a visually pleasing appearance and hence, enhances the shelf visibility of the product. This makes it useful for the consumer goods market, where product differentiation is at the epicenter of manufacturers’ focus.
  • Transparent surfaces can be achieved by using reclosable films, as they offer superior transparency and gloss to the package. This also saves printing, labelling, and other decoration costs on packaging, as majority of the surface is meant to provide a visual appeal to the package. Thus, incorporating transparent reclosable films is an efficient way of advertising the product without external means.
  • The demand for transparent or see-through packaging solutions is higher in developed countries of North America and Europe, and is gradually increasing in developing countries of Asia Pacific and MEA. Rising demand for such see-through packaging solutions is likely to accelerate the reclosable films market growth to significant extent.

Competition Landscape

The global reclosable films market is projected to witness strong competition among key players. This market includes many well-established market participants. Besides this, many other local players and start-ups are entering into reclosable films market attributing to significant revenue creation with the rising demand of reclosable films. Some of the key players operating in the global reclosable films market are DowDuPont Inc., Sealed Air Corporation, Korozo Ambalaj Sanayi Ve Ticaret AS, Schur Flexibles Holding GesmbH, Winpak Ltd., Industria Termoplastica Pavese SpA, Sudpack Verpackungen GmbH + Co. KG, Coveris Holdings S.A, Buergofol GmbH, Plastopil Hazorea Company Ltd, Berry Global Group, Inc, and TCL Packaging Ltd, among others.

The tier structure is formulated on the basis of segmental revenue and market share of the company. As per tier structure DowDuPont Inc., Korozo Ambalaj Sanayi Ve Ticaret AS, and Schur Flexibles Holding GesmbH are tier 1 players in the reclosable films market. These leading packaging giants are adopting key strategies such as acquisitions and product launch to reinforce their position in the reclosable films market. Moreover, tier 2 players are Sealed Air Corporation, Sudpack Verpackungen GmbH + Co. KG, and Plastopil Hazorea Company Ltd.

Market Segmentation

By Material Type

  • Polyethylene (PE)
    • Low Density Polyethylene (LDPE)
    • High Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Pressure Sensitive Adhesives (PSA)
  • Others (PS, PVC, PA, EVOH)

By Peel Strength

  • Easy Peel Films
  • Medium Peel Films

By Packaging Type

  • Cups
  • Trays
  • Pouches & Bags

By Thickness

  • Up to 100 Micron
  • 100 to 200 Micron
  • Above 200 Micron

By End-use Industry

  • Food & Beverages
    • Frozen Food
    • Ready-to-eat Food
    • Meat, Poultry, Sea Food
    • Dairy Products
    • Bakery & Confectionery
    • Beverages & others
  • Pharmaceuticals
  • Personal Care & Home Care
  • Industrial & Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Scope

The Reclosable films market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Reclosable films market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Reclosable films market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Reclosable films market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Reclosable films market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Reclosable films capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Reclosable films by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Reclosable films market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Reclosable films market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Reclosable films market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Reclosable films industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Reclosable films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Reclosable films market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Reclosable films market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Reclosable films market. These factors have benefited the growth of the global market for Reclosable films. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Reclosable films. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Reclosable films are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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