Bag Closures Market Share, Size, Trends, Industry Analysis Report, By Product Type (Simple Bag Closure Clips, Mechanical Bag Closure Clips); By End Use; By Region; Segment Forecast, 2023 - 2032
- Published Date:Aug-2023
- Pages: 119
- Format: PDF
- Report ID: PM3694
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global bag closures market was valued at USD 190.11million in 2022 and is expected to grow at a CAGR of 5.03% during the forecast period.
The rapid growth of e-commerce and the increasing popularity of home delivery services have created new opportunities for the bag closures market. With the rise in online shopping, effective packaging solutions, including bag closures, are needed to ensure product protection during transit. The growth of e-commerce has driven the demand for secure and reliable closure systems. Retail consumer goods e-commerce is the dominant and rapidly growing sector.
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It accounted for 18% of the global retail sales in 2020 and is projected to experience an annual growth rate of over 1%. By 2024, it is expected to capture a substantial share of nearly 22% of the total global retail sales. This surge in e-commerce activity directly influences the growth of the bag closure market. With e-commerce transactions, ensuring the security and integrity of products is crucial. Bag closures with tamper-evident features provide an added layer of security, assuring customers that the products have not been tampered with during transit. The need for secure packaging in e-commerce boosts the demand for bag closures with such features.
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Industry Dynamics
Growth Drivers
Rising adoption of bag closures are propelling the market growth
The growing recognition of the importance of effective packaging solutions is driving the demand for bag closures. Companies are increasingly focusing on product protection, convenience, and branding, which leads to a higher demand for quality bag closures. The data from Volza's Japan Export indicates a strong growth driver for the bag closure market. With 64 bag closure export shipments from Japan, involving 25 exporters and 35 buyers, there is a significant demand for these products in international markets. Notably, Japan's bag closure exports are primarily directed towards Vietnam, India, and Colombia, highlighting the growing market potential in these countries. Moreover, the top exporters of bag closures are India, China, and South Korea, with substantial shipment volumes. These figures suggest a robust market demand for bag closures, driving the growth of the industry.
Report Segmentation
The market is primarily segmented based on product type, end use and region.
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By Product Type |
By End Use |
By Region |
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By Product Type Analysis
Simple Bag Closure Clips segment is expected to witness fastest growth during forecast period
Simple Bag Closure Clips segment is expected to have faster growth for the market as they offer a convenient and user-friendly solution for sealing and resealing bags. They are designed for easy application and removal, allowing consumers to quickly seal and access the contents of the bags without any hassle. Simple bag closure clips are suitable for a wide range of bag types and sizes. They can be used for sealing food bags, storage bags, packaging bags, and more. Their versatility makes them popular among various industries and applications.
This bag closure clips are often more affordable compared to other closure options, such as mechanical clips or zip-lock bags. This cost-effectiveness makes them a preferred choice for businesses and consumers looking for reliable yet budget-friendly bag closure solutions. Simple bag closure clips help maintain the hygiene and freshness of the bag contents by creating a secure seal. They prevent air, moisture, and contaminants from entering the bags, thereby preserving the quality, and extending the shelf life of the products inside.
By End-Use Analysis
Bag Closure Clips for Food Industry segment accounted for the largest market share in 2022
Bag Closure Clips for Food Industry segment holds the largest market share for the market in the study period. The food industry is one of the largest consumers of bag closure clips. As the demand for packaged food products continues to grow, the need for effective and efficient bag closure solutions also increases. Bag closure clips designed specifically for the food industry are preferred due to their ability to securely seal food bags and maintain product freshness.
Bag closure clips play a crucial role in preserving the quality and extending the shelf life of food products. They provide a reliable seal that prevents air, moisture, and contaminants from entering the bags, thus maintaining the freshness and safety of the food items. This aspect is highly valued in the food industry, where food safety and product integrity are paramount. These closure clips designed for the food industry offer convenience and ease of use for both consumers and food handlers. They enable easy sealing and resealing of food bags, allowing for efficient storage and access to the food products. This convenience factor is appreciated by consumers and contributes to the segment’s growth.
Regional Insights
APAC registered with the highest growth rate in the study period
APAC is projected to witness a higher growth rate for the market. Rapid urbanization and changing lifestyles have led to a shift in dietary habits, with an increasing preference for convenience foods. Bag closures play a vital role in preserving the quality and shelf life of these packaged food products, contributing to the growth of the market. Region has witnessed significant expansion in the food & beverage industry primarily China & India, driven by factors such as changing consumer preferences, increased investment in the sector, and growing demand for processed and packaged food items.
This expansion has created a higher demand for bag closures. Market is experiencing significant growth due to the expanding India Packaging Market, which is projected to reach US$ 204.81 Bn by 2025, with a compound annual growth rate of 26.7% from 2020 to 2025. This remarkable growth in the packaging industry in India. The rising demand for packaged products in India, driven by factors such as changing lifestyles, urbanization, and convenience, fuels the growth of the packaging industry. This surge in demand directly influences the need for reliable and efficient bag closure solutions in this region.
North America is expected to witness a larger revenue share for the market. The robust sales performance of the food and beverage industry in United States, totaling $1.4 trillion, is driving significant growth in the bag closure market. As the demand for packaged food and beverages continues to rise, the need for reliable and efficient bag closures becomes increasingly crucial. Manufacturers in the food and beverage industry are recognizing the importance of secure and convenient packaging solutions to maintain product freshness, prevent spills or leaks, and enhance consumer convenience.
Bag closures, such as Schutte's Clipband extra grip, made of polypropylene and reinforced with two straight wires, play a vital role in meeting these requirements. They provide a reliable sealing mechanism that ensures the integrity of packaged products, prevents contamination, and extends shelf life. The introduction of innovative bag closure solutions like Clipband extra grip addresses the industry's growing needs for efficient packaging solutions. This driving force in the food and beverage industry is propelling the bag closure market forward in this region, as manufacturers seek reliable and high-quality closures to meet the increasing demand for packaged food and beverages.
Key Market Players & Competitive Insights
The bag closures market is fragmented and is anticipated to witness competition due to several players' presence. Major players in the market are constantly upgrading their products to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include:
- ABA Packaging
- Aplix
- Autobag
- Bedford Industries
- Clippsafe
- Felins USA
- GripPack
- Hi-Tech Bag Sealing Machines
- ITW Envopak
- Kwik Lok
- MAXPACK
- Plastic Buckles & Ties
- Plas-Ties
- Presto Products Company
- Roplast Industries
- Schutte Bagclosures
- Securistrap
- Traco Packaging
- ULINE
- VELCRO Brand
Recent Developments
- In May 2023, Blue Ocean Closures partnered with the Stora Enso & AISA, created the 1st paperboard tube with innovative paper-board closure consisting of, nearly 85% of fibers.
- In September 2022, Bedford Industries introduced a new web app tool designed to assist bakeries in making well-informed decisions regarding bag closures and compatible automation.
Bag Closures Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 195.60 million |
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Revenue forecast in 2032 |
USD 304.26 million |
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CAGR |
5.03% from 2023 - 2032 |
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Base year |
2022 |
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Historical data |
2019 - 2021 |
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Forecast period |
2023 - 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By End Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
Bedford Industries, Kwik Lok, Schutte Bagclosures, ITW Envopak, Plas-Ties, Felins USA, Autobag, Aplix, GripPack, VELCRO Brand, Clippsafe, ULINE, Presto Products Company, Hi-Tech Bag Sealing Machines, Roplast Industries, Traco Packaging, Plastic Buckles & Ties, Securistrap, MAXPACK & ABA Packaging. |
FAQ's
Key companies in bag closures market ABA Packaging,Aplix,Autobag,Bedford Industries,Clippsafe,Felins USA.
The global bag closures market is expected to grow at a CAGR of 5.03% during the forecast period.
The bag closures market report covering key segments are product type, end use and region.
Key driving factors in bag closures market Increasing demand reusable packaged food product.
The global bag closures market size is expected to reach USD 304.44 million by 2032.
