The market for bag closing clips is expected to reach US$ 194.7 million in 2022 and US$ 304.8 million in 2029, growing gradually at a CAGR of 5.6%. Bag closure clips accounted for around 1.2% of the global plastic closures market in 2021. Bag clips are becoming more popular in the food business.
The bag closure clips market is largely influenced by a number of industrial factors as well as a few apparent effects on environmental concerns as a result of several global warming programmes. Future Market Insights predicts a comparison and review study for the dynamics of the market. Environmentally friendly bag closure clips have also recently entered the market, which is important for businesses looking to lower their carbon impact.
Innovative goods that simplify and improve the convenience of distributing, utilising, and disposing of consumer goods are what define the worldwide packaging market. Physically taxing labour is required for packaging, which is characterised by short runs and lower lot sizes. The use of bag closure clips has significantly increased as a result of the expansion and proliferation of bakeries, from basic pastry bakeries to high-end bakeries.
Packaging plays a crucial role in ensuring product safety, freshness, and presentation. When it comes to sealing bags, pouches, or other flexible packaging, bag closure clips are indispensable. These simple yet highly functional devices provide a secure and convenient way to seal a wide variety of bags, from food and pet products to industrial and consumer goods. In this article, we delve into the Bag Closure Clips Market, exploring its applications, benefits, and market trends.
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The visibility of a product among a target client group determines its demand. Bag closure clips were formerly beyond the reach of retail customers, and were only used by organized retail. Evolution of e-Commerce platforms from buying points to shopping platforms is one underlying driver. Customers continue to experiment with new items, and, as a result, products such as bag closure clips have made their way into mainstream marketplaces. Bag closing clip companies are projected to benefit from the diverse range of products across end-use categories.
Key Takeaways from Market Study
- Global bag closure clips market to reach US$ 304.8 Mn by 2029.
- Simple bag closure clips projected to record healthy CAGR over forecast period.
- Market in North America holds share of around 38.5%.
- Market in Europe to account 18.9% share over forecast period of 2022- 2029.
“The perception of bag closure clips has shifted significantly as more people demand packaging that can be used for multiple purposes. Increasing use of easy-to-apply bag closure clips in food as well as non-food product applications is expected to create greater opportunities for market players over the coming years,” says an FMI analyst.
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Market Competition-
Leading manufacturers of bag closure clips are proliferating through both, inorganic and organic strategies, including the development of manufacturing plants and introducing new products.
The Key Players Are-
- 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
- others
Invention of environmentally friendly bag closure clips will be essential for market vendors looking to lower their carbon footprint. This is projected to increase the use of plant-based biopolymers in the production of bag closure clips, which will make a significant difference global landfill trash disposal.
More Insights on Offer
The report by FMI on the bag closure clips market is segmented into three major sections – product type (simple clips and mechanical clips), end use (food industry and medical & other industries, and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate the lucrative opportunities in the market.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
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Key Segments of Bag Closure Clips Industry Research
By Product Type:
- Simple Bag Closure Clips
- Mechanical Bag Closure Clips
By End Use:
- Bag Closure Clips for Food Industry
- Bakery
- Fresh Produce
- Bag Closure Clips for Medical & Other Industries
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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