The Bag Clips Market size was USD 4.95 billion in 2023 and is expected to Reach USD 7.77 billion by 2031 and grow at a CAGR of 5.8% over the forecast period of 2024-2031.
The market for bag clips, which offer practical solutions to seal and maintain the freshness of different packaged goods, is a vital part of the packaging industry. Bag clips, usually made of plastic or metal, have a critical role to play in the resealing of bags of snacks, vegetables and other perishables that are unperishable.
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These clips are a cost effective and convenient way for consumers to keep their food items fresh, extend their shelf life, and prevent spills. The market is marked by notable growth due to the growing demand for packaged foods, an increase in a trend towards environmentally sustainable products and rising retail sales.
To meet evolving consumer preferences for sustainable, easy and visually pleasing packaging solutions, manufacturers are constantly innovating the design, materials and functions of bag clips. In addition, sustainability initiatives, lifestyle changes and developments in packaging technology are also having a significant influence on the bag clips market; these have contributed to its dynamism and evolution.
KEY DRIVERS:
The need to clip bags is driven by growing demand for packaged goods
Due to the increasing consumption of packaged foods and other food products, effective sealing and preservation is necessary as a result of this demand for bag clips. With modern, convenience oriented consumers' demands in mind, packaging clips ensure that products are kept fresh and properly stored.
Growth in the market may be beneficial for food safety and hygiene.
RESTRAIN:
The demand for reducing the use of plastics and increasing recycling has increased as a result of environmental awareness. Due to their contribution to waste in the form of plastics, bag clips are under scrutiny. The market for bags clips is facing a serious challenge from the restrictive legislation intended to limit plastics that are used only in one application.
OPPORTUNITY:
Due to increased online shopping, there is considerable opportunity for the development of special bags clips which secure packages during transit.
CHALLENGES:
Bag clip manufacturers are facing important challenges from increased environmental regulations and a greater focus on sustainability.
In Hungary, Slovakia, the Czech Republic, Poland and the former East Germany, the imposition of sanctions against Russia in the event of an invasion of Ukraine would threaten the supply of crude oil through pipelines and the operation of oil refineries and petrochemical plants. ICIS data predicts that by 2022, the refinery along the Druzhba pipeline will have 2.79 million tons of ethylene (11% of total European capacity) and 2.34 million tons of propylene (12% of total European capacity).
Due to unavailability of raw materials the production may be affected in various regions across the globe and cost of production may also rise.
Demand for consumer products which use plastic closures or caps such as food and beverages, personal hygiene items etc. is also expected to be reduced due to the recession. Due to the high cost of plastic, there is a forecast increase in competition with alternatives such as metals and glass. The result is expected to be a decline in demand for Bag Clips.
The American Bag Clips market is projected to decline by 2% in 2023 as a result of the recession. This, too, is due to increased fuel and energy costs. As a result of the recession, Europe's market for Bag Clips is estimated to decrease by 2.5% in 2023. This will lead to higher production costs as energy prices increase in this region.
By Material
Metal
Wood
Plastic
Plastic is leading the Bag clips market. Plastic bag clips are very lightweight which make them suitable for various applications. They are also cost-effective.
By Product Type
Magnetic
Non-magnetic
By End Use
Residential
Commercial
Institutional
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Residential segment is the dominating end use segment. There is huge demand for storage of food snacks, cereals which need bag clips.
Due to the high consumption of packaged goods in this region, the North American for bags clips market is characterised by maturity and stability. In addition to increasing awareness of the environment, consumers are showing greater preference for eco-friendliness and reusable bags clips.
The market for bag clips in Europe is expected to grow at a modest pace, driven by increased consumption of packaged products. As a result, the demand for advanced bag clips is being affected in this region by more and more consumers favouring sealed and sealable packaging. The main drivers of demand for ecofriendly bag clips in Europe are environmental concerns and a drive to reduce plastic waste.
The Asia Pacific market for clip bags is on a strong growth path, underpinned by an expansion of the food and retailing industries. Consumers are looking for convenience and reusable bag clips as they change lifestyles and become more urbanised. The regions market is expected to grow with the cagr of 6.1%.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Bag Clips market are Polybags Limited, KLR Systemes, Haircap, Klippit, The Gripstic, Strobigo, BST Detectable Products, Entheos Group, Laurel Klammern GmBH, Kwik Lok Corporation and other players.
Kwik Lok announced in 2021 the launch of a new line of bag clips made from recycled materials and recyclable in standard paper recycling streams.
Report Attributes | Details |
Market Size in 2023 | US$ 4.95 Bn |
Market Size by 2031 | US$ 7.77 Bn |
CAGR | CAGR of 5.8 % From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • by Material (Metal, Wood, Plastic) • by Product Type (Magnetic, Non-magnetic) • by End Use (Residential, Commercial, Institutional) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | Polybags Limited, KLR Systemes, Haircap, Klippit, The Gripstic, Strobigo, BST Detectable Products, Entheos Group, Laurel Klammern GmBH, Kwik Lok Corporation |
Key Drivers | • The need to clip bags is driven by growing demand for packaged goods • Growth in the market may be beneficial for food safety and hygiene. |
Key Restraints | • The market can be affected by concerns about the environment and regulations |
Ans: The Bag Clips Market is expected to grow at a CAGR of 5.8 %.
Ans: The Bag Clips Market size was USD 4.68 billion in 2022 and is expected to Reach USD 7.35 billion by 2030.
Ans: The need to clip bags is driven by growing demand for packaged goods.
Ans: The market can be affected by concerns about the environment and regulations.
Ans: Due to the high consumption of packaged goods in this region, the North American for bags clips market is dominant.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Bag Clips Market Segmentation, By Material
8.1 Metal
8.2 Wood
8.3 Plastic
9. Bag Clips Market Segmentation, By Product Type
9.1 Magnetic
9.2 Non-magnetic
10. Bag Clips Market Segmentation, By End User
10.1 Residential
10.2 Commercial
10.3 Institutional
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Bag Clips Market by Country
11.2.2North America Bag Clips Market By Material
11.2.3 North America Bag Clips Market by Product Type
11.2.4 North America Bag Clips Market by End User
11.2.5 USA
11.2.5.1 USA Bag Clips Market By Material
11.2.5.2 USA Bag Clips Market by Product Type
11.2.5.3 USA Bag Clips Market by End User
11.2.6 Canada
11.2.6.1 Canada Bag Clips Market By Material
11.2.6.2 Canada Bag Clips Market by Product Type
11.2.6.3 Canada Bag Clips Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Bag Clips Market By Material
11.2.7.2 Mexico Bag Clips Market by Product Type
11.2.7.3 Mexico Bag Clips Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Bag Clips Market by Country
11.3.1.2 Eastern Europe Bag Clips Market By Material
11.3.1.3 Eastern Europe Bag Clips Market by Product Type
11.3.1.4 Eastern Europe Bag Clips Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Bag Clips Market By Material
11.3.1.5.2 Poland Bag Clips Market by Product Type
11.3.1.5.3 Poland Bag Clips Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Bag Clips Market By Material
11.3.1.6.2 Romania Bag Clips Market by Product Type
11.3.1.6.4 Romania Bag Clips Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Bag Clips Market By Material
11.3.1.7.2 Turkey Bag Clips Market by Product Type
11.3.1.7.3 Turkey Bag Clips Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Bag Clips Market By Material
11.3.1.8.2 Rest of Eastern Europe Bag Clips Market by Product Type
11.3.1.8.3 Rest of Eastern Europe Bag Clips Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Bag Clips Market by Country
11.3.2.2 Western Europe Bag Clips Market By Material
11.3.2.3 Western Europe Bag Clips Market by Product Type
11.3.2.4 Western Europe Bag Clips Market by End User
11.3.2.5 Germany
11.3.2.5.1 Germany Bag Clips Market By Material
11.3.2.5.2 Germany Bag Clips Market by Product Type
11.3.2.5.3 Germany Bag Clips Market by End User
11.3.2.6 France
11.3.2.6.1 France Bag Clips Market By Material
11.3.2.6.2 France Bag Clips Market by Product Type
11.3.2.6.3 France Bag Clips Market by End User
11.3.2.7 UK
11.3.2.7.1 UK Bag Clips Market By Material
11.3.2.7.2 UK Bag Clips Market by Product Type
11.3.2.7.3 UK Bag Clips Market by End User
11.3.2.8 Italy
11.3.2.8.1 Italy Bag Clips Market By Material
11.3.2.8.2 Italy Bag Clips Market by Product Type
11.3.2.8.3 Italy Bag Clips Market by End User
11.3.2.9 Spain
11.3.2.9.1 Spain Bag Clips Market By Material
11.3.2.9.2 Spain Bag Clips Market by Product Type
11.3.2.9.3 Spain Bag Clips Market by End User
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Bag Clips Market By Material
11.3.2.10.2 Netherlands Bag Clips Market by Product Type
11.3.2.10.3 Netherlands Bag Clips Market by End User
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Bag Clips Market By Material
11.3.2.11.2 Switzerland Bag Clips Market by Product Type
11.3.2.11.3 Switzerland Bag Clips Market by End User
11.3.2.1.12 Austria
11.3.2.12.1 Austria Bag Clips Market By Material
11.3.2.12.2 Austria Bag Clips Market by Product Type
11.3.2.12.3 Austria Bag Clips Market by End User
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Bag Clips Market By Material
11.3.2.13.2 Rest of Western Europe Bag Clips Market by Product Type
11.3.2.13.3 Rest of Western Europe Bag Clips Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Bag Clips Market by country
11.4.2 Asia-Pacific Bag Clips Market By Material
11.4.3 Asia-Pacific Bag Clips Market by Product Type
11.4.4 Asia-Pacific Bag Clips Market by End User
11.4.5 China
11.4.5.1 China Bag Clips Market By Material
11.4.5.2 China Bag Clips Market by Product Type
11.4.5.3 China Bag Clips Market by End User
11.4.6 India
11.4.6.1 India Bag Clips Market By Material
11.4.6.2 India Bag Clips Market by Product Type
11.4.6.3 India Bag Clips Market by End User
11.4.7 Japan
11.4.7.1 Japan Bag Clips Market By Material
11.4.7.2 Japan Bag Clips Market by Product Type
11.4.7.3 Japan Bag Clips Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Bag Clips Market By Material
11.4.8.2 South Korea Bag Clips Market by Product Type
11.4.8.3 South Korea Bag Clips Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Bag Clips Market By Material
11.4.9.2 Vietnam Bag Clips Market by Product Type
11.4.9.3 Vietnam Bag Clips Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Bag Clips Market By Material
11.4.10.2 Singapore Bag Clips Market by Product Type
11.4.10.3 Singapore Bag Clips Market by End User
11.4.11 Australia
11.4.11.1 Australia Bag Clips Market By Material
11.4.11.2 Australia Bag Clips Market by Product Type
11.4.11.3 Australia Bag Clips Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Bag Clips Market By Material
11.4.12.2 Rest of Asia-Pacific Bag Clips Market by Product Type
11.4.12.3 Rest of Asia-Pacific Bag Clips Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Bag Clips Market by Country
11.5.1.2 Middle East Bag Clips Market By Material
11.5.1.3 Middle East Bag Clips Market by Product Type
11.5.1.4 Middle East Bag Clips Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Bag Clips Market By Material
11.5.1.5.2 UAE Bag Clips Market by Product Type
11.5.1.5.3 UAE Bag Clips Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Bag Clips Market By Material
11.5.1.6.2 Egypt Bag Clips Market by Product Type
11.5.1.6.3 Egypt Bag Clips Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Bag Clips Market By Material
11.5.1.7.2 Saudi Arabia Bag Clips Market by Product Type
11.5.1.7.3 Saudi Arabia Bag Clips Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Bag Clips Market By Material
11.5.1.8.2 Qatar Bag Clips Market by Product Type
11.5.1.8.3 Qatar Bag Clips Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Bag Clips Market By Material
11.5.1.9.2 Rest of Middle East Bag Clips Market by Product Type
11.5.1.9.3 Rest of Middle East Bag Clips Market by End User
11.5.2 Africa
11.5.2.1 Africa Bag Clips Market by Country
11.5.2.2 Africa Bag Clips Market By Material
11.5.2.3 Africa Bag Clips Market by Product Type
11.5.2.4 Africa Bag Clips Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Bag Clips Market By Material
11.5.2.5.2 Nigeria Bag Clips Market by Product Type
11.5.2.5.3 Nigeria Bag Clips Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Bag Clips Market By Material
11.5.2.6.2 South Africa Bag Clips Market by Product Type
11.5.2.6.3 South Africa Bag Clips Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Bag Clips Market By Material
11.5.2.7.2 Rest of Africa Bag Clips Market by Product Type
11.5.2.7.3 Rest of Africa Bag Clips Market by End User
11.6 Latin America
11.6.1 Latin America Bag Clips Market by country
11.6.2 Latin America Bag Clips Market By Material
11.6.3 Latin America Bag Clips Market by Product Type
11.6.4 Latin America Bag Clips Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Bag Clips By Material
11.6.5.2 Brazil Bag Clips by Product Type
11.6.5.3 Brazil Bag Clips by End User
11.6.6 Argentina
11.6.6.1 Argentina Bag Clips By Material
11.6.6.2 Argentina Bag Clips by Product Type
11.6.6.3 Argentina Bag Clips by End User
11.6.7 Colombia
11.6.7.1 Colombia Bag Clips By Material
11.6.7.2 Colombia Bag Clips by Product Type
11.6.7.3 Colombia Bag Clips by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Bag Clips By Material
11.6.8.2 Rest of Latin America Bag Clips by Product Type
11.6.8.3 Rest of Latin America Bag Clips by End User
12 Company profile
12.1 Polybags Limited
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 KLR Systemes
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Haircap
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Klippit
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 The Gripstic
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 BST Detectable Products
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Entheos Group
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Laurel Klammern GmBH
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Kwik Lok Corporation
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Strobigo
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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