Global Bag Clip Market is segmented By Material (Wood, Metal, Plastic, Polypropylene, Polyethylene, Polystyrene, Others), By Product Type (C Clamp, With and Without Magnet, Date Bag Clips, Promotional Bag Clips, Others), By Size (Mini Bag Clips (2â x 3â), Small Bag Clips (2.5â x 2.5â), Large Bag Clips (3â x 6â)), By End-User (Food & Beverages, Electrical & Electronics, Pharmaceutical, Textile, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) â Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
The Global "Bag Clip Market" is predicted to reach a high CAGR during the forecast period (2022-2029)
Bag Clips, also known as plastic clips or bread clips, are used to protect the freshness of the product and reuse stored material. The market of bag clips is rising with significant growth as its stable structure keeps the food in the bag well saved and protects the aroma, taste and texture of the food products. Therefore, these clips enhance the product image. In addition, the preference for bag clips raised among the end-users due to their easy customization and effective marketing tool. The demand for bag clips is also increasing in household applications.
Moreover, the magnetic clips have strong holding power on a fridge, filing cabinet or metal shelf. Many new players are entering the market due to low manufacturing costs is acquired. With the developing packaging trends, the key players promote bag clips with unique designs and innovative features as per the modern lifestyle. Several bag clips consist of date features that confirm the storage period of the food. In addition, the clips made up of thick PP material provide additional strength for gripping and sealing the product compared to ordinary clips due to its numerous benefits, such as versatile use and durability, which is expected to increase the market size for bag clips during the forecast period.
Furthermore, high-impact polystyrene is used for manufacturing bag clips. Bag closure clips are available in a wide range of sizes and thicknesses depending on the bags' size. Moreover, they are capable of being used with bags of capacity up to 50 pounds. Bag closure clips find useful applications in the bakery, fresh produce, medical, and other such sectors where easy-to-use closures are needed. Overall, the global bag clips market outlook is expected to be positive during the forecast period.
Market Dynamics
The increasing inclination of consumers towards the bakery and fresh produce sector is triggering the demand for bag clip in recent times. Growing demand for replacing clips with heat sealing technology and twist ties creates a strong opportunity for the bag clip market growth.
Increasing demand for bag clips from the bakery and fresh produce sector is expected to increase the market growth
The packaging industry has changed entirely during the last decade. The way people were used to the packing of products a few years back is now have changed. Various types of packaging products are introduced in the market. The bag clips market is gaining traction on the backdrop of rising demand from the food sector, especially bakery and fresh produce. These factors are assumed to boost the growth of the global bag clips market during the forecast period. The bag clips offer an ideal surface to price, traceability options, print specifications and codes on to it. In addition, bag clips are used for branding and promotional purposes. These factors are supposed to drive the global bag clip market growth during the forecast period. The availability of automatic and semi-automatic closing machines helps in applying bag closure clips to seal products during mass production is also fuels the growth prospects of bag clips. Also, they can be customized as per the demands.
Growing utilization of bag clips in the electric and electronics industry is expected to boost the market growth
Bag clips are metal detector compatible; hence growing demand for bag clips is expected in the electric and electronics industries. As these clips can be applied with net bags, paper bags or film bags, the demand for bag clips is increasing continuously in the FMCG sector. These clips offer a high-quality platform for branding and promotions of the products; hence it is widely accepted by all End-Users. As such, clips are the best suitable solution for dry food products such as chips, cereals, and dry fruits; the demand for bag clips increases with a significant growth rate in the food and beverages industries.
Increasing demand for an alternative of bag clip is expected to hinder the market growth
Despite many advantages, a few factors might hamper the growth of the bag clips market, such as replacing these clips with heat sealing technology and twist ties. However, it is witnessed that due to the easy sealing approach, the demand for bag clips is more in household applications. In addition, the growth in the availability of alternative solutions in the market is also expected to hamper the market growth. Twist ties are expected to hinder the growth of the bag clips market growth as twist ties are cheaper than bag closure clips.
Segment Analysis
By material, the market is segmented into wood, metal, plastic, polypropylene, polyethylene, polystyrene and others.
The law amended in New York is expected to boost the market growth for bag closure during the forecast period due to reducing the new bag wastage in the city. On March 1, 2020, a new bag waste-reducing law took effect in New York State, where approx. Twenty-three billion plastic bags are typically used each year. Unfortunately, plastic bag usage affects both our environment and the communities. Plastic bags can be seen impaled in trees, floating in our waterways and litter in our neighborhoods. From the effective recycling and disposal issues they pose to the outrage they can do to wildlife; the negative impacts of plastic bags are easily seen. In addition, the bag waste reduction law refers to more than just grocery stores. So, whether you're going to the clothes shopping, grocery store, or a home improvement store, make sure to bring your reusable bags.
Furthermore, while shoppers can bring any bag, including film plastic, note that there are many alternatives to choose from which are more environmentally friendly. Ideally, a bag should be designed for multiple uses and washable, such as one made from cloth. If a customer forgets to bring a bag with them, many retailers will have reusable bags for sale.
Geographical Analysis
Based on the geography, the bag clip market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The demand for bag clip in the North American market is expected to remain at the dominant position in sales and value generation due to the growing volume of trade and e-commerce in countries such as the U.S.
North America & Europe has witnessed significant growth during the forecast period
Bag closure clips have witnessed up surging demand in the developed market, including the U.S., Canada, and other European countries. These bag clips are broadly utilized for bakery purposes where bags of bread need proper closure. There is an adoption of such closure devices in the developed market due to the high standard of living in the regions and the high acceptance of new products. Countries of Europe and North America are expected to drive the demand for bag closure clips during the next decade. In countries such as China and India, people use alternative closing solutions such as threads for fresh produce, heat sealing for bakery goods, etc. Currently, there is inadequate demand for bag clips in countries such as India and China, but with the changing scenario, these countries are expected to adopt bag clips during the forecast period. Latin America and MEA regions are expected to witness average growth in the bag clips market during the forecast period.
Competitive Landscape
The bag clip market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Kwik Lok Corporation, Schutte Bagclosures, Bedford Industries, AndFel Corporation, Petersens Plastics, TruSeal Pty, ITW Envopak, Zhenjiang Hongda Commodity, Vikela Aluvin, Versapak International are the major player in the packaging market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the Bag Clip market globally.
Kwik Lok Corporation
Overview: Kwik Lok was founded by Floyd Paxton. The company supplied wooden, produce-box nailing and labeling machines to the Washington State apple industry. Today the company has six factories, employs over 330 people, and billions of people worldwide have used our product. In 2015, a new generation of the Paxton family moved into its 64-year-old business. The company is now owned by sisters Kimberly Paxton-Hagner, Melissa Steiner and Stephanie Paxton Jackson.
Product Portfolio:
- Meet Eco-Lok â the sustainability the customers expect joined with the Kwik Lok performance that has set the example in the bag clip industry for decades. Manufactured with up to 20% less fossil fuel-based resin and needing up to 20% fewer greenhouse gasses to manufacture, Eco-Lok makes consumer business more sustainable with every particular sale
- Eco-Lok maintains the qualities of existing Kwik Lok closures â it is recyclable, reusable, printable, and metal detector compatible
The global Bag Clip market report would provide an access to an approx. 69 market data table, 70 figures and 180 pages.