According to Future Market Insights research, during the projected period, the global slider bags market is set to enjoy a valuation of US$ 13.2 Mn in 2022, and further expand at a CAGR of 5.6% to reach US$ 23.7 Mn by the year 2032. The sales of plastic slider bags are anticipated to bolster with the top 3 countries estimated to hold around 25-30% of the market by the end of 2022.
Based on the capacity, the 6 to 10 OZ segment is projected to remain the leading segment among the other segments for the slider bags market. The target segment is anticipated to hold around 42% of the market value share by the end of 2022.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 13.2 Billion |
| Market Size 2032 | US$ 23.7 Billion |
| Value CAGR (2022 to 2032) | 5.6% |
| Collective Value Share: Top 5 Companies (2022E) | 15-20% |
Newly released data from slider bags market analysis shows that global demand of the overall slider bags market enjoyed year-on-year (YoY) growth of 5.3% in 2021 to a total of US$ 13.1 Bn. The food segment by end use is projected to register a CAGR of 6.0% during 2022-2032.
According to the FMI analysis, the slider bags market revenue totaled US$ 13.1 Bn in 2021. With the propelling demand from the various end-users, the global slider bags market is projected to reach US$ 23.7 Bn by 2032, accelerating at a CAGR of 5.6% during the forecast period.
The slider bags market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the slider bags sales will rise during 2022-2032 and is projected to create an absolute incremental growth opportunity of US$ 10.5 Bn.
The increased need for flexible packaging in the various end use industry has boosted the demand for slider bags. The slider bags market is anticipated to expand 1.8 times the current market value during the forecast period.
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The global slider bags market witnessed a growth rate of 5.1% CAGR during 2015-2021 and reached US$ 13.1 Bn in 2021.
Slider bags falls under the type of zipper packaging bags. Slider bags are transparent, inexpensive, rectangular storage flexible packaging bags that come with a slider for opening and closure. Slider bags are mostly made of plastic and paper. Consumers find zipper bags difficult to use as the zipper can be easily damaged or broken while opening or closing the bag over and again. Because of this, these bags cannot be reused multiple times. Therefore, slider bags is best suitable packaging option as slider bags provide more life to the bags and can be used multiple times.
These bags are convenient to open and close by multiple times without hampering the zipper and it improves the service life of the bag. These slider bags provide more value and freshness to the products which can prove to attract more consumers compared to another packaging. These factors accelerate the growth of the slider bags in the packaging market over the globe.
There are multiple types of slider bags available in the market according to the storage capacity such as up to 2 Oz, 3 – 5 Oz, 6 – 10 Oz and above 10 Oz. Slider bags prove to be a great option for small and medium commodities. A lot of e-commerce companies opt for these slider bags for packaging different clothing, food, beauty, and personal care products.
The slider bags can store and protect the products kept in them from any external factor such as weather conditions. There are multiple types of slider bags available in the market. The lightness and cost effectiveness of the slider bags makes it a suitable product in the packaging market. Slider bags are mostly used by the food industry to keep the product safe and fresh. Thus, the food and personal care industry segments create a lot of future opportunities for slider bags.
A lot of brands are moving towards the flexible packaging solutions such as slider bags and pouches from the traditional rigid packaging for their products. The main reasons for this shift are a considerable reduction in production costs and an improvement in transportation efficiency. Slider bags made from Kraft paper being environment friendly and natural ways of packaging products and commodities have become the choice of packaging for many brands to cover the future market. A lot of problems arising with plastic packaging solutions generating more and more plastic waste and considering the environmental footprint in the future slider bags made from paper are the future of the packaging sector.
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The food segment is projected to hold around 45% of the global slider bags market by the end of 2022. Consumers want to avoid food waste and retain all the nutritional and taste qualities of the purchased product. To prevent the flavour from fading and to ensure that the food retains its freshness, it is necessary to opt for perfectly adapted packaging. Frozen foods are being consumed by a lot of the population. Consumers have become health conscious and all types of fruits and vegetables are being demanded by the consumer.
To fulfil the consumer requirements of a variety of products, the frozen food market is expecting to grow more in the future, and in this case, slider bags packaging can be a very cost-efficient and convenient packaging option. The application of slider and zipper packaging bags in frozen food applications can prove to cover a major portion of the global market. Slider bags are used as the primary packaging solution for storing frozen foods such as vegetables, french fries, pizza, and other ready-to-eat items before applying the secondary packaging of other materials such as cardboard.
The U.S. is estimated to hold major portion of the North American slider bags market during the forecast period. According to the data provided by the National Centre for Health Statistics (NCHS), around 50% of the population of the united stated consumes fast food daily receding from the age of 20 to 39 yrs. This contributes to the most number of youngster population in the country which can create a target market. This can fuel the growth of the slider bags market in the US. being the most convenient to use and can easily be operated by the young-age as well as old-age population in the country.
German slider bags market is projected to grow 1.6 times the current market value during the forecast period. According to the data published by European Commission, a survey conducted shows that 60 % population falling in the age group of 16yrs to 74yrs does online shopping in the year 2019. The number of people doing online shopping has increased by 2X from 32% in comparison with 2009. Women online shoppers share sharply increased from 29% to 59% whereas men's online shoppers rise from 35% to 61% over ten years. In Europe, Germany has 79% share increment in online shoppers in the last ten years. This is projected to create a growth opportunity for the slider bags market.
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The key players operating in the slider bags market are trying to adopt partnership strategy to expand their market presence and resources. Also, the company are trying to focus on product launch to capture the market. Some of the latest development by the key players include-
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material, Capacity, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | International Plastics Inc.; Farnell Packaging Limited; Mondi Group; Biolegeen Biodegradable Material Technology Co.; VWR International, LLC.; Great America Packaging; Glenroy, Inc; Flexico Group; Sarkina; Elke Plastic GMbh; Dove Technologies; Montage; Reynolds Group Holdings Limited; Global Packaging Solutions; Artisans Pack; Four Star Plastic; ALLIEDFLEX Technologies, Inc; Balaji Flexipack; Wuxi Tyler Packaging Products Co.,Ltd; SVP Packaging Private Limited; Thantawan Industry Plc.; Com-Pac International |
| Customization & Pricing | Available upon Request |
The global slider bag reached US$ 13.1 Bn in 2021.
The slider bag market is expected to grow at a CAGR of 5.6 % during 2022-2032.
The global slider bag value in 2022 is estimated to reach US$ 13.2 Bn.
The global slider bag value in 2032 is expected to be US$ 23.7 Bn.
The food & beverage segment is expected to lead the global slider bags market during the forecasted period of 2022-2032.
International Plastics Inc., Farnell Packaging Limited, Mondi Group, VWR International, LLC, Great America Packaging, Glenroy Inc., Flexico Group, Montage, Reynolds Group Holdings Limited, Global Packaging Solutions, Artisans Pack, Four Star Plastic are some of the key players operating in the slider bags market.
As per the FMI analysis, the Indian slider bags market is projected to expand at a CAGR of 6.2 % during 2022-32.
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