Albany, NY — (SBWIRE) — 09/29/2017 — The global zipper pouch market is estimated to be valued at US$ 2.1 Bn in the year 2017 and is forecasted to touch a value of US$ 3.9 Bn at the end of the forecast period in 2027, exhibiting a CAGR of 6.4% during the assessment period.
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Asia Pacific region witnessing a burgeoning growth in the retail market
The APEJ retail market was estimated to be valued at US$ 1 Trillion in 2001, and has witnessed a surge over the years, being valued at US$ 6.6 Trillion in 2016. Several unorganised players extensively dominate the APEJ retail market. With the growing ease of convenience of packaging, the demand for packaged food is fast growing in the food and beverages industry. This industry segment mainly uses flexible material that enhances the product brand name and also increases the shelf life of the product. In addition, retail e-commerce sales are surging over the years and accounted for US$ 877.6 Billion in the year 2016. The increasing usage of the mobile internet is one of the key influencing growth factors for the increase in online sales. China alone accounts for 40% of the retail e-commerce consumption in the global market, which is estimated to surpass 50% by the end of the year 2019. With such a forceful growth in the retail market in APEJ, the demand for zipper pouches is set to rise over the assessment period.
Implementation of stringent environmental regulations
A majority of materials used for zipper pouch packaging comprise PE and PVC materials, which are hazardous to the environment. Stringent regulations imposed by the regional governments and the FDA restrict the use of harmful chemical substances such as PVC. This has led to an increase in the demand for environmentally sustainable products. Due to such factors, most of the companies are focussing on the development of bio-based materials for zipper pouch packaging products. Comparatively, high capital investment for the development of such type of products could prove to be a major challenge for small-scale players in the zipper pouch market in the near future. To underscore this point, it is worth mentioning that the government in China imposed a total ban on the production, distribution and use of ultrathin HDPE plastic materials for pouch packaging.
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Bio-degradable material emerging as an attractive alternative to oil based films
Oil based packaging films are largely preferred for the manufacturing of pouches used in the packaging of food. However, the rising trend of using eco-friendly packaging has made both consumers and manufacturers realise the need for environmentally friendly packaging films, especially for the packaging of food products. One such green material that renders high tensile strength and provides a barrier to oxygen and moisture is MFC films. Microfibrillated cellulose (MFC) is a material consisting of cellulose microfibrils that are derived from wood pulp. MFC films are biodegradable in nature, but the cost of manufacturing MFC films is very high, which is hampering the revenue of packaging films manufacturers. However, with the advancements in technology and the coming of new machinery, the cost of manufacturing MFC films has drastically reduced. This bio based material is potentially more compatible than traditional petroleum based polymers. Pouch manufacturers operating in the APEJ market are escalating the use of MFC films, which is also rapidly gaining traction across the globe.
Global Zipper Pouch Market Forecast, by End Use
The global zipper pouch market by food sub-segment is estimated to be valued at US$ 1,630 Mn in 2017, which is forecasted to rise to US$ 3,014.3 Mn by the end of 2027. In terms of volume, the food segment is projected to reach 59,437.1 Mn units by the end of 2027. The global zipper pouch market by pharmaceutical sub-segment is estimated to be valued at US$ 265 Mn in 2017, which is forecast to rise to US$ 498.1 Mn by the end of 2027. The pharmaceutical sub-segment is estimated to create an incremental dollar opportunity of US$ 248.42 Mn over the forecast period. The global zipper pouch market by cosmetics & personal care sub-segment is estimated to be valued at US$ 131.2 Mn in 2017, which is forecast to increase to US$ 243.2 Mn by the end of 2027. The cosmetics & personal care sub-segment is estimated to create an incremental dollar opportunity of US$ 84.23 Mn over the forecast period.`
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