Its report, ‘Resealable Closures and Spouts Packaging Market 2016-2022’, claims niche innovations and improved designs will fuel the global market in the coming years.
Also, owing to changing lifestyle and the advantage of resealable closure and spout packaging, many products can be easily stored and carried.
Neha Rathod Godbole, author of the report, Zion Market Research, said the packaging increases the shelf life of the product, which is also anticipated to contribute to the growth of the global market.
“Food and beverage is the most demanding sector in the application segment,” he said.
“Based on product type, the global market is categorized as pillow pouches, stand-up pouches, flat pouches and others. Standing pouches is the most demanding product type of all.
“The resealable closures and spouts packaging market are divided on the basis of material as paper, metal, glass, plastic and others. Of these, plastic is the widely preferable material in the global market because of its lightweight and sustainability properties.”
Some of the key players in the global resealable closures and spouts packaging market include Bemis Company, Amcor, Janco, Huhtamaki, Ampac, Constantia Flexibles, Dupont, Multivac, Winpak, Essel Propack and Albéa.
On the basis of application, the global resealable closures and spouts market is segmented as pharmaceuticals, personal care, consumer goods, food & beverage, electronics goods, paint and dyes, and others.
Asia Pacific prominent region
The report covers forecast and analysis for the resealable closures and spouts packaging market on a global and regional level with a forecast from 2017 to 2022 based on volumes (kilo tons) and revenue (USD million).
It states Asia Pacific is the prominent region for resealable closures and spouts packaging owing to increasing number of consumers. In addition, consumer preferences for more attractive packaging and increasing disposal income of people in this region impact the global market growth in a positive way.
Europe is a mature market for resealable closures and spouts packaging with the presence of major competitive market players.
North America is anticipated to show significant growth in the near future. Increasing investment in the manufacturing sector by this region is anticipated to drive the global market.
The Middle East shows a considerable growth for the resealable closures and spouts packaging market due to increasing consumer concerns for recyclable packaging.
Latin America is expected to witness higher growth in the near future.
“The global resealable closures and spouts packaging market was valued at around $11.52bn in 2016 and is expected to reach $16.15bn in 2022, growing at a CAGR of around 5.8% between 2017 and 2022,” said Godbole.
“The study provides a decisive view on the resealable closures and spouts packaging market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2022.”
The study includes drivers and restraints for the resealable closures and spouts packaging market along with the impact they have on the demand over the forecast period.
It also looks at opportunities available in the resealable closures and spouts packaging market on a global level.