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Bag Clips Market Report Scope & Overview:

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.

Bag Clips Market Revenue Analysis

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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.

MARKET DYNAMICS

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 market can be affected by concerns about the environment and regulations

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.

IMPACT OF RUSSIAN UKRAINE WAR

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.

IMPACT OF ONGOING RECESSION

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.

KEY MARKET SEGMENTS

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

Bag Clips Market Segmentation Analysis

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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.

REGIONAL ANALYSIS

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  

Key Players

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.

Haircap-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENT

  • 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.

Bag Clips Market Report Scope:
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

 

Frequently Asked Questions

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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Secondary Research

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Primary Research

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Data Bank Validation

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