According to Future Market Insights report, the global slider bags market is expected to be worth US$ 13.2 million in 2022 and to grow at a CAGR of 5.6% to reach US$ 23.7 million by 2032.Plastic slider bag sales are expected to increase, with the top three nations expected to control 25-30% of the market by the end of 2022.
Based on capacity, the 6 to 10 OZ sector is expected to remain the market’s leading segment among the other slider bag categories.
By the end of 2022, the target segment is expected to have around 42% of the market value share.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.
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Competitive Landscape
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-
- In September 2022, Glenroy Inc and Nature Nate’s Honey Co. shake hands and become partners to provide sustainable packaging solution to their consumers.
- In May 2021, Great American Packaging launches a new ecofriendly product which is compostable product line and includes breathable, clarity, laminate and barrier packaging alternatives.
- In August 2021, Thantawan Industry Plc launched a new multipurpose zipper bag which is called ‘‘SUNZIP Antivirus’’ and claims to inhibit 99% viruses for safe and hygienic packaging purpose.
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
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.
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What Drives the Demand of Slider Bags across the Globe?
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.
Slider Bags Market by Category
By Material, Slider Bags Market is segmented as:
- Plastic
- Paper
- Aluminium
By Capacity, Slider Bags Market is segmented as:
- Up to 2 Oz
- 3 Oz to 5 Oz
- 6 Oz to 10 Oz
- Above 10 Oz
By End Use, Slider Bags Market is segmented as:
- Food
- Cosmetic and Personal care
- Pharmaceutical
- Others (Electronics, Automotive, etc.)
By Region, Slider Bags Market is segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
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