The global slider pouches market was valued at US$ 13.1 Billion in 2021, and registered a Y-o-Y growth rate of 6.8% to reach US$ 14 Billion in 2022. During the forecast period ranging from 2022-2032, a CAGR of 6.9% is anticipated, with an expected closing value worth US$ 27.28 Billion.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2022 | US$ 14 Billion |
Projected Market Value in 2032 | US$ 27.28 Billion |
Growth Rate (2022 to 2032) | 6.9% CAGR |
Increasing Demand for Convenience Propelling the Growth of Slider Pouches Market in the Contemporary World
With the advent of modernization, urbanization is also taking over. Both the processes go hand in hand as people seek convenience in the complexity of modern life to make it easy. One such product offering convenience in this fast paced modern life is the slider pouch.
Slider pouches fulfil various requirements such as quick transportation and easy storage and packaging solutions for fast food needs. These factors have led to the increasing demand for Slider Pouches as they ensure anti-tampering and anti-counterfeiting through their numerous customization options.
Future Market Insights recent study suggests that the growth of the global Slider Pouches market is being driven by great quality offered by these bags as they are assembled with the best material grade. In addition to this, the FMI report further indicated that the demand for slider pouches is driven by its tamper proof properties along with the fact that they discard the necessity of secondary storage and packaging needs.
Owing to rising cases of counterfeiting, manufacturers are incorporating laser membrane under the slider to ensure anti-counterfeiting.
Research shows great potential of Slider Pouches that provide all the features such as-
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions such as Slider Pouches. Moreover, companies in the market are adopting new technology and launching new products. To woo consumers, especially millennials, manufacturers are providing customized graphics printing solutions on slider pouches.
In May 2022, Japan’s No. 1 premium wrap and silicone-coated foil & sheet brand, Asahi Kasei, launched its double line Zipper Bag – in addition to its existing range of products in India. In-keeping with the consumer requirements, the Zipper Bag will be revolutionary in the kitchen product segment vis-a-vis its competitors.
The innovative product is not just handy to homemakers and remote workers but convenient for office goers and students too, who can use it as takeaway to keep food fresh for a long time.
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Modernization goes hand in hand with the process of urbanization, wherein people seek convenience in the complexity of modern life to make it easy. Slider pouches fulfill various requirements of fast paced modern life by providing quick transportation and easy packaging solutions for fast food needs.
Globally, slider bags are utilized in different forms and for different uses varying from containing items to storing goods. Slider bags retain the freshness without the requirement of any secondary storage or packaging.
Slider pouches ensures anti-tampering and anti-counterfeiting through their numerous customization options, allowing a pouch to have all the feature of a zipper pouches along with the slider which is made available to the consumers according to their requirements.
Convenient and easy to open slider pouches are the new trend in the packaging industry. Slider pouches market growth is prominently driven by the tamper proof properties of slider bags. Alternative bags systems requires secondary packaging in order to maintain the freshness of food products, whereas slider bags discards the necessity of such secondary storage and packaging needs.
Primary factor fueling the slider pouches market is the wide variety of sliders available in the market to provide selection options to the consumers. Incorporation of laser membrane under the slider to ensure anti-counterfeiting is one of the key factor driving the slider pouches market.
Slider pouches are quite versatile and offer a long life span, making it an affordable consumer packaging solution. To counteract against the anti-tampering feature, the slider pouches are integrated with a visible tear-away seal just above the slider in order to provide more security in packaging. Slider pouches also provide an additional press-to-seal (PTS) child resistance re-sealable sliders to the pouches.
However, manufacturers operating in the slider pouches market face the additional cost of adding special parts and material to slider pouches. Further the restricted scope of recyclability restrains the global market for slider pouches.
The slider pouches market can be segmented on the basis of material type, slider type, layer type and application. On the basis of material type, the slider pouches is segmented into plastics (polypropylene, HDPE and LDPE) and aluminum foil. The pouches mostly come with a combination of plastic and aluminum layering to provide a longer shelf life to the product.
On the basis of slider type, the slider pouches market is segmented into ergonomic sliders, low profile sliders, particle-proof sliders and sliders with or without end clips and others. On the basis of layer type, the slider pouches market is segmented into monolayer and multilayer. Lastly, on the basis of application, the slider pouches market can be segmented into pet food, cereals, snacks, bakery, confectionary and others.
Geographically, the slider pouches market has a global presence including the local and international manufacturers and is segmented into five prime regions namely, North America, Asia Pacific, Europe, Latin America and Middle East and Africa (MEA).
Flexible packaging market in the Asia Pacific region is dominated by flexible packaging products in pouches form. Ease of usage and convenience of slider bags make them a popular packaging option in the Asia Pacific region, especially in countries with strong food and beverages market including India, China, Indonesia, Philippines and Malaysia.
North America market for slider bags is expected to contribute considerably to the global demand for slider pouches market. The Middle East and Africa (MEA) market is also expected to show healthy CAGR over the forecast period, 2017-2025, due to growth prospects in South Africa and GCC counties.
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Some of the key players in the slider pouches market are Glenroy, Inc., Diamond Flexible Packaging Co., Zip-Pak, Inc., ABC Packaging Direct LLC, Pactech Packaging LLC, Pentaflex Packaging Ltd, Western Packaging Inc., and Montage Enterprises Pvt Ltd.
The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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