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Bag Clips Market

Bag Clips Market By Material (Wood, Metal, Plastic, Polypropylene, Polyethylene, Polystyrene), Product Type (C Clamp, With and without Magnet, Date Bag Clips, Promotion Bag Clips), Size (Mini Bag Clips, Small Bag Clips and Large Bag Clips), End Use (Food and Beverages, Electric and Electronics, Pharmaceutical, Textile) & Region - Forecast 2022-2032

Market Insights on Bag Clips covering sales outlook, demand forecast & up-to-date key trends

Bag Clips Market Overview

Global Bag Clips demand is anticipated to be valued at US$ 4.8 Billion in 2022, forecast to grow at a CAGR of 6% to be valued at US$ 8.5 Billion from 2022 to 2032.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 3.7 Billion

Expected Market Value (2022)

US$ 4.8 Billion

Anticipated Forecast Value (2032)

US$ 8.5 Billion

Projected Growth Rate (2022-2032)

6% CAGR

Bag clips are closable devices that are used to quickly and conveniently shut bags. Bread clips, plastic clips, bread ties, and bread clips are other names for bag clips. There are two kinds of bag clips: basic bag clips and mechanical bag clips. Bag clips keep things fresh and provide an easy method to reuse bags.

Because they are simple to apply and reuse, these clips are commonly used as a closing option to preserve food goods. When storing product between uses, bag clips are a simple method to keep it secure and avoid spillage.

Which are Some Prominent Drivers Spearheading Bag Clips Market Growth?

Bag clips are driving the global market due to its low starting cost and time-saving strategy. Furthermore, reusable packaging allows consumers to avoid goods from leaking while kept between uses, which are fuelling the exponential expansion of the bag clips industry. Furthermore, bag clips are made of wood and recyclable plastic, which boosts the worldwide market for bag clips. Industrial bag clips with unique alpha numeric numbers and various color coding are becoming increasingly popular. This enables end users to handle materials more effectively during storage and transit. Because these clips are metal detector compatible, there will be an increase in demand for bag clips in the electric and electronics industries.

Because these clips may be used with net bags, paper bags, or film bags, the demand for bag clips in the FMCG sector is expanding all the time. These clips give a high-quality platform for product branding and advertising, and as a result, they are universally accepted by all end users. As a result, bag clips are the ideal option for dry food goods such as chips, cereals, and dry fruits; the demand for bag clips is expanding at a rapid rate in the food and beverage sectors. Furthermore, bag clips with barcodes and QR codes are the latest trend in the global bag clips market.

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What are the Challenges Faced by the Bag Clips Industry?

A few issues that might stymie the expansion of the bag clips market include the use of twist ties and the replacement of these clips by heat sealing technologies.

Why is Asia-Pacific emerging as an Opportunistic Bag Clips Market?

Bag clip sales are increasing modestly in Asia Pacific. Heat sealing method is used for bakery and other food goods in this area; however, with changing packaging preferences, it is projected that demand for bag clips will expand in India and China throughout the projection period.

Ismail Sutaria
Principal Consultant
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How is Europe Contributing to Growth of the Bag Clips Market?

According to Future Market Insights, Europe is expected to grow at a significant pace during the forecast period. Because bag clips are eco-friendly product packaging options, there is a surge in demand for these clips in developed nations such as Germany and the United Kingdom.

With rising living standards and consumer disposable money, demand for bag clips is rising in these nations. According to the FDA's Food Contact Material Limitations and plastic use regulations in European nations, the demand for hardwood clips is dominating the bag clip industry.

Market Competition

Some of the key participants present in the global Bag Clips market include Kwik Lok Corporation, Shenzhen Hoersun Plastic and Molding Factory, Klippit, Polybags Limited, Harrod Horticultural Ltd. and The Gripstic among others.

Attributed to the presence of such high number of participants, the market is highly competitive.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 6% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Material
  • Product Type
  • Size
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Kwik Lok Corporation
  • Shenzhen Hoersun Plastic and Molding Factory
  • Klippit
  • Polybags Limited
  • Harrod Horticultural Ltd.
  • The Gripstic

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Key Segments Profiled in the Bag Clips Industry Survey

Material:

  • Wood Bag Clips
  • Metal Bag Clips
  • Plastic Bag Clips
    • Polypropylene
    • Polyethylene
    • Polystyrene

Product Type:

  • C Clamp Bag Clips
  • With and without Magnet Bag Clips
  • Date Bag Clips
  • Promotion Bag Clips

Size:

  • Mini Bag Clips (2” x 3”)
  • Small Bag Clips (2.5” x 2.5”)
  • Large Bag Clips (3” x 6”)

End Use:

  • Bag Clips for Food and Beverages
  • Bag Clips for Electric and Electronics
  • Bag Clips for Pharmaceuticals
  • Bag Clips for Textiles
  • Bag Clips for Other End Uses

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global bag clips market to expand at a 6% value CAGR by 2032

Europe is expected to be the most opportunistic bag clips market.

Kwik Lok Corporation, Shenzhen Hoersun Plastic and Molding Factory, Klippit, Polybags Limited are some prominent Bag Clips manufacturers

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Ismail Sutaria
Principal Consultant
LinkedIn
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