The global bag closure clips market size is expected to be valued at USD 205.6 million in 2023. The food & beverage industry’s expansion bolsters the overall scope for bag closure clips market, which is projected to grow at a CAGR of 5.6% between 2023 and 2033, totaling around USD 354.5 million by 2033.
| Data Points | Key Statistics |
|---|---|
| Bag Closure Clips Market Value 2023 | USD 205.6 million |
| Bag Closure Clips Market Projected Value (2033) | USD 354.5 million |
| Bag Closure Clips Market CAGR (2023 to 2033) | 5.6% |
The growing emphasis on product freshness and shelf life extension is a significant trend driving the demand for bag closure clips in the packaging industry. Manufacturers and consumers alike are seeking effective solutions to preserve the quality and extend the shelf life of perishable goods, with the increasing awareness of food waste reduction and the desire for longer-lasting products.
Bag closure clips play a vital role in maintaining the freshness of various perishable products, including food items and pet food. The clips prevent air, moisture, and contaminants from entering the package, by creating an airtight seal, thereby minimizing the deterioration of the product. The airtight seal helps in preserving the taste, texture, aroma, and nutritional value of the packaged goods.
For food manufacturers, the ability to extend the shelf life of their products is crucial for reducing waste and maximizing profitability. They can ensure that their products remain fresh and appealing for an extended period, by using bag closure clips, reducing the likelihood of spoilage and the need for premature disposal, which not only minimizes food waste but also allows manufacturers to optimize their production and distribution processes.
Consumers, on the other hand, are increasingly concerned about reducing food waste and maximizing the value of their purchases. Bag closure clips provide a simple yet effective solution for consumers to keep their perishable goods fresh for longer. They can maintain the quality of the product, avoid spoilage, and minimize the need for frequent repurchasing, by securely sealing the package with a bag closure clip.
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The global demand for bag closure clips is projected to increase at a CAGR of 3.0% during the forecast period between 2018 and 2022, reaching a total of USD 354.5 million in 2033.
According to Future Market Insights, a market research and competitive intelligence provider, the bag closure clips market was valued at USD 194.7 million in 2022.
From 2018 to 2022, the global market witnessed steady growth, owing to the shift towards sustainable & eco-friendly packaging.
There is a growing demand for packaging solutions that minimize the impact on the planet and reduce the consumption of single-use plastics, with the increasing global focus on environmental conservation and sustainability.
Bag closure clips made from recyclable or biodegradable materials offer a sustainable alternative to traditional single-use plastic closures. These eco-friendly clips are designed to be easily recyclable or break down naturally in the environment, reducing their environmental footprint compared to conventional plastic closures. Manufacturers and consumers, by choosing bag closure clips made from sustainable materials, can contribute to the reduction of plastic waste and support a circular economy.
Consumer demand for eco-friendly packaging solutions is a key driver of this trend. Today's consumers are increasingly conscious of their environmental impact and are actively seeking products packaged in sustainable materials. They are more likely to choose products that align with their values and have minimal impact on the environment. Bag closure clips made from recyclable or biodegradable materials provide a tangible and visible demonstration of a brand's commitment to sustainability, appealing to environmentally conscious consumers.
Regulatory initiatives and policies aimed at promoting sustainable practices in the packaging industry are encouraging the adoption of eco-friendly alternatives. Governments and organizations around the world are implementing measures to reduce plastic waste, such as plastic bag bans, extended producer responsibility schemes, and recycling targets. The regulations create a favorable environment for the development and use of bag closure clips made from sustainable materials, as they help companies comply with sustainability requirements and reduce their environmental impact.
Advancements in Bag Closure Clip Technology is Likely to be Beneficial for Market Growth
One significant advancement in bag closure clip technology is the development of improved sealing mechanisms. Manufacturers have introduced innovative designs that ensure a secure and airtight seal, preventing the leakage of contents and maintaining the freshness of packaged products. The advanced sealing mechanisms provide enhanced protection against moisture, air, and other external factors that can compromise product quality and shelf life.
Tamper-evident features are another important technological advancement in bag closure clips. The features help detect and deter unauthorized opening or tampering with the packaged products. Tamper-evident bag closure clips provide visible signs of tampering, such as broken seals or indicators, which give consumers confidence in the integrity and safety of the product, which is particularly important in industries where product safety and security are of utmost importance, such as pharmaceuticals and food.
Easy-open designs have also emerged as a significant advancement in bag closure clip technology. Manufacturers have developed user-friendly mechanisms that allow for effortless opening and resealing of bags. The designs enhance convenience for consumers, making it easier to access and use the packaged products. Easy-open bag closure clips are particularly beneficial in applications where frequent opening and closing of bags are required, such as snack packaging or household product packaging.
Rise in Online Retail & E-Commerce to Fuel the Market Growth
The rise in online retail and e-commerce has revolutionized the way consumers shop and has created a significant impact on the packaging industry. There is a growing need for efficient and secure packaging solutions, with the increasing popularity of online shopping platforms, that can protect products during transit and ensure their safe delivery to customers' doorsteps. Bag closure clips play a vital role in meeting these packaging requirements.
One of the key advantages of bag closure clips in the context of online retail is their ability to provide a reliable and secure sealing mechanism. Online orders often involve the packaging of various products, ranging from food items to household goods, clothing, and electronics. Bag closure clips enable the packaging of these items in a secure manner, preventing spillage, contamination, or damage during transportation. The clips create an airtight seal that keeps the contents intact, protecting them from external factors such as moisture, dust, and impact.
Bag closure clips also offer convenience and ease of use, which are important factors in the context of online retail. They allow for quick and hassle-free sealing of bags, ensuring that the packaging process is efficient and does not cause any delays. Bag closure clips are user-friendly for customers as well. When the package arrives, customers can easily open and reseal the bag using the clips, without the need for additional tools or complicated procedures, which enhances the overall customer experience and satisfaction, as they can easily access the products and reseal the package if needed.
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Growing Use of Easy-to-Apply Snack Bag Closures Fueling Market Growth
Snack bag closures have witnessed up surging demand in the United States. The bag closure hooks are widely used for fresh produce products where bags need proper closure. The country is expected to hold a CAGR of 5.5% over the analysis period.
In the United States, there is high adoption of such closure devices, due to the high standard of living in the region coupled with the high acceptance of snack bag closures.
Numerous Applications in End-use Industries Driving Plastic Bag Closure Fastener Demand
The bag closure clips market in China is anticipated to provide incredible opportunities for plastic bread closure manufacturers, as demand for baked goods rises. Dietary changes and the substitution of bread and other sweet foods for traditional meals are likely to boost demand for plastic bread closures.
Plastic bread closures’ re-closability has also garnered the market a large consumer base in China. Plastic bag closure clips are now employed in a variety of industries to re-close flexible packaging solutions, such as those used in agriculture, food and beverages, and garbage disposal services.
Booming sales of plastic bag closure clips, which are essential to keep contents secure and fresh, have been boosted by rapidly expanding bakeries and eateries across China. The country is expected to hold a CAGR of 5.4% over the analysis period.
Bag closure clips market startup players are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to create a larger customer base. For instance,
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Key players in the bag closure clips market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their bag closure clips production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported bag closure clips.
| Attribute | Details |
|---|---|
| Expected Value in 2023 | USD 205.6 million |
| Projected Value in 2033 | USD 354.5 million |
| Forecast CAGR (2023 to 2033) | 5.6% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia & Pacific; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel. |
| Key Segments Covered |
Product Type, End Use, Region |
| Key Companies Profiled | Kwik Lok Corporation; Schutte Bagclosures; Bedford Industries; AndFel Corporation; Petersens Plastics; TruSeal Pty; Versapak International; Euroseal As; Plas-Ties, Co.; Multipack B.V.B.A.; International Plastics Inc.; Detmold Group; A. Rifkin Co.; HSA International Group |
| Report Coverage | Market Forecast, Brand Share Analysis, Competition Intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The projected revenue of the market by 2033 is USD 354.5 million.
The market CAGR for 2033 is projected to be 5.6%.
Stanley Black & Decker, Zip-Tite, Surelock are the key Bag Closure Clips Market players.
The market is estimated to secure a valuation of USD 205.6 million in 2023.
Fast-growing North American bag closure clips market fueled by demand for convenience, e-commerce surge, strict regulations, food industry growth, and rising incomes.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Simple 5.2. Mechanical 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Food Industry 6.1.1. Bakery 6.1.2. Fresh Produce 6.2. Medical & Other Industries 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Kwik Lok Corporation 17.2. Schutte Bagclosures 17.3. Bedford Industries 17.4. AndFel Corporation 17.5. Petersens Plastics 17.6. TruSeal Pty 17.7. Versapak International 17.8. Euroseal As 17.9. Plas-Ties, Co. 17.10. Multipack B.V.B.A. 17.11. International Plastics Inc. 17.12. Detmold Group 17.13. A. Rifkin Co. 17.14. HSA International Group 18. Assumptions & Acronyms Used 19. Research Methodology
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Bag Closure Clips Market
