Clip Band Market

Clip Band Market: Dynamics

The global clip band market is primarily influent by the Bakery industry, globally. The rise in demand for bread, buns, and other bakery product due to changes in the lifestyle of the working person and single household living is expected to create a good demand for clip band over the forecast period. The rise in demand for eco-friendly packaging solution results in increased demand for paper-based clip band. Thus the manufacturers are focusing on developing a natural and biodegradable clip band to reduce the damage. Thus the demand for plastic-based packaging products is expected to decline and is to be overtaken by fiber-based packaging products. It is due to fast food companies consumes million tons of single-use plastic and causes landfill that creates a harmful impact on the environment. Therefore the major players operating in the clip band manufacturing are showing a paradigm shift towards eco-friendly clip band. The emergence of biodegradable plastics has had a significant impact on the packaging industry. Thus it is anticipated to increase the end-user application towards the clip band. Although the need for bag closures is anticipated to boost the demand sales of the clip band, from the food packaging application. Thus the demand for clip band is expected to be high during the forecast period.   

Clip Band Market: Regional Outlook

North America to lead the global clip band market during the forecast period. It is due to the packaged food consumption ratio in the North America region is high as compared to other regions. The busy lifestyle of the North Americans inclines towards packaged food eating habits. The Asia Pacific is expected to follow the North America region for the clip band market during the forecast period. It is due to an emerging economy such as China & India. It register remunerative growth owing to rising customer inclination towards reclosable closures for packaging of perishable food. Europe is also a major market for clip band with EU5 Countries leading the charts.;

Recent Development in Global Clip Band Market

• In 2018, Zhenjiang Hongda Commodity Co., Ltd. invested in technology to develop and innovate new products with expanding its manufacturing capacity. The company is focusing on expansion and with increased product offering.

Clip Band Market: Key Players

Some of the leading players operating in the clip band market are as follows –

• Kwik Lok Corporation
• Multipack B.V.B.A.
• Inno Bag Closures (Agent for Schutte bagclosures B.V.).
• Bedford Industries Inc.
• Zhenjiang Hongda Commodity Co., Ltd.
• Petersens Plastics
• GBE Packaging
• TruSeal Pty Ltd.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis includes –

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania