Snap Secure Container Global Market Report 2024

The global snap secure container market has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth observed in the historic period can be linked to various factors such as heightened security concerns, the optimization of supply chains, compliance with regulatory standards, meeting industry-specific requirements, and effective risk management practices.

The global snap secure container market is expected to see strong growth in the next few years. It will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be credited to the emergence of new threats, the integration of IoT and tracking technologies, the globalization and complexity of supply chains, adherence to stringent security standards, and the heightened sensitivity surrounding goods. Significant trends expected in this period encompass innovations in material science, compliance with regulatory and safety standards, utilization in food and beverage packaging, advancements in closure technologies, and the adoption of rapid prototyping and design innovation.

The growth of the snap secure container market is anticipated, driven by the increasing demand for environmentally friendly containers. These containers are characterized by their recyclability, safety for both people and the environment, and the use of recycled materials. Snap secure containers specifically contribute to environmental sustainability by employing materials and manufacturing processes with low environmental and energy consumption. Government initiatives promoting eco-friendly packaging and restricting single-use plastics are further stimulating the demand for such environmentally conscious containers. According to The 2021 Buying Green Survey Report by NACS (National Association of Convenience Stores), 67% of consumers across Europe, North America, and South America consider it important for products to be packaged in recyclable materials, are willing to pay more for such products, and identify as environmentally aware. Consequently, the rising demand for environmentally friendly containers is expected to drive the snap secure container market.

The growth of the e-commerce industry is poised to significantly contribute to the expansion of the snap-secure container market. As e-commerce, the buying and selling of goods and services over the Internet, continues to rise, snap secure containers play a pivotal role by providing secure and tamper-evident packaging solutions. This ensures the protection of shipped goods and boosts customer confidence in the integrity of delivered products. According to the United Nations Conference on Trade and Development, the share of online retail sales of total retail sales increased from 16% to 19% in 2020. This surge in e-commerce is a key driver propelling the growth of the snap-secure container market.

Product innovation emerges as a notable trend in the snap secure container market, with major companies focusing on introducing innovative products to enhance their market position. Graphic Packaging, a US-based manufacturer of quality food packaging, exemplifies this trend with the launch of a fiber-based snap-closing lid in October 2023. This lid is recyclable in household paper waste streams and is made from renewable plant-based fiber sourced from sustainably managed forests. The innovative lid features a secure snap closure system, eliminating plastic from the supply chain. Engineered to remain rigid in chilled and moisture-rich environments, the product not only meets consumer demands but also emphasizes functionality and sustainability in packaging solutions.

Key players in the snap-secure container market are placing increased emphasis on introducing tamper-evident paper bags to enhance their competitive positioning. Tamper-evident paper bags are packaging solutions equipped with features that visibly indicate interference or tampering. A notable example is Novolex, a US-based company, which introduced tamper-evident paper bags named Load and Fold in August 2022. These bags are specifically designed to ensure secure transport and deliveries for restaurants and retailers, with a focus on tamper evidence and functionality. The Load & Seal shopping bags feature a built-in tamper-evident adhesive strip for secure sealing, while the Load & Fold bags offer an upscale folded top security option with a customer-supplied branded label or another adhesive strip for sealing. Both designs feature a wide opening for easy loading, a flat bottom for item security, and sturdy paper twist handles for convenient and reliable carrying.

In a strategic move in August 2023, Regal Food Products, a UK-based food company, acquired Packaging R US for an undisclosed amount. This acquisition is expected to contribute to Regal Food Products' expansion and strengthening of its wholesale and food service offerings under the Regal Food Product Group. Packaging R.U.S., based in the US, specializes in manufacturing a diverse range of disposable food packaging solutions, including foil containers, catering foil, and plastic containers. This strategic acquisition aligns with Regal Food Products' goals of diversifying its product range and enhancing its brand portfolio within the food packaging industry.

Major companies operating in the snap secure container market report are H&K Muller GmbH, Amcor PLC, Avantor Inc., Corning Incorporated, Detmold Group, EMSA GmbH, K. P. Plastics, LINDAR Corporation, LocknLock Co. Ltd., Maynard & Harris Plastics Ltd., Newell Brands Inc., NuWave LLC, Silgan Containers LLC, Thermos LLC, Tupperware Brands Corporation, Berry Global Inc., The Clorox Company, Anchor Packaging Inc., Bemis Company Inc., Cambro Manufacturing Company, Carlisle FoodService Products, D&W Fine Pack, Dart Container Corporation, Fabri-Kal Corporation, Genpak LLC, Huhtamaki Oyj, Inline Plastics Corp., International Paper Company, Letica Corporation, Lollicup USA Inc., Novolex Holdings Inc., Pactiv LLC, Placon Corporation, Reynolds Consumer Products Inc., Sabert Corporation, Sonoco Products Company, Sterilite Corporation

North America was the largest region in the snap secure container market share in 2023. The regions covered in the snap secure container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the snap secure container market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

These containers typically utilize materials such as polypropylene (PP), polyethylene (PE), high-density polyethylene (HDPE), and low-density polyethylene (LDPE). Polypropylene is a type of thermoplastic made from propylene monomers. These containers are available in capacities ranging from 20-50ml, 51-100ml, 101-150ml, and above 150ml, catering to applications in food, pharmaceuticals, cosmetics, and more.

This report provides snap secure container market statistics, including snap secure container industry global market size, regional shares, competitors with snap secure container market share, detailed snap secure container market segments, market trends, and opportunities, and any further data you may need to thrive in the snap secure container industry. This snap secure container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The snap secure containers market consists of sales of snap secure containers made from terylene resins, and styrene polymer resins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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