A new research report by Transparency Market Research (TMR) states that the global reclosable food packaging market has been observing a tremendous increase in its valuation and is predicted to continue witnessing high growth over the next few years. The research study, titled “Reclosable Food Packaging Market Analysis, Size, Share, Growth, Trends | Forecast 2017 – 2025,” offers a clear and detailed evaluation of this market, emphasizing on its past and present performance. The market boosters, growth barriers, key trends, opportunities, challenges, and the future potential of this market have also been examined while conducting this research.
According to the research report, the increasing inclination of customers towards the ease of storage for food products is boosting the global market for reclosable food packaging. The significant rise in the packaged food industry is also adding to the sales of reclosable food packaging solution across the world, notes the research study.
The research study has evaluated the global market for reclosable food packaging on the basis of the type of product, type of material, end user, and the region. Based on the product, the market has been classified into bags, wraps, clamshells, jars, pouches, trays, and bottles. By material type, the market has been bifurcated into glass, plastic, and aluminum foil. In terms of end users, the report has categorized the global market into the fruits and vegetables, meat and seafood, and the bakery and confectionary sectors.
On the basis of the geography, the worldwide market for reclosable food packaging has been segmented into Asia Pacific excluding Japan, Europe, North America, the Middle East and Africa, Latin America, and Japan. Among these, North America and Europe have been dominating the global market and are projected to retain their supremacy over the period of the forecast. Asia Pacific, amongst other regional markets, is expected to register a steady rise in its reclosable food packaging market over the next few years, reports the market study.
The business landscape of the worldwide market for reclosable food packaging has also been assessed thoroughly in this market study. Researchers at TMR have examined the key enterprises in this market, considering their current market share, future prospects, and their present as well as upcoming projects in order to understand the hierarchy among them. Sealed Air Corp., Ampac Holdings LLC., Sonoco Products Co., Mondi Group., Toray Plastics Inc., Bemis Co. Inc., Accredo Packaging Inc., Bostik SA, Bischof + Klein SE & Co. KG., and Pacific Bag Inc. are some of the key vendors of reclosable food packaging across the world, as mentioned in this research report.