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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346887
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346887
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
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The global bag closures market size is expected to reach USD 304.44 million by 2032, according to a new study by Polaris Market Research. The report "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" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Developing countries like India and China are playing a significant role in fueling the growth of the market. E-commerce activities in these countries are witnessing a significant surge. With the increasing penetration of internet access and the growing popularity of online shopping platforms, the demand for packaging solutions, including bag closures, has risen significantly. According to Invest India, the Indian e-commerce market is projected to reach a staggering annual gross merchandise value of USD 350 billion by 2030 and an estimated 907 million internet users by 2023. The exponential growth of the Indian e-commerce sector translates into higher packaging requirements. Bag closures play a vital role in ensuring the safe and secure transportation of products to customers. As the e-commerce industry expands, there is a growing need for reliable and efficient bag closures to meet the packaging demands.
The growing demand for resealable bags in various industries, such as food and beverage, household products, and personal care, is fueling the adoption of this market. According to a brand value study featured in Flexible Packaging Magazine, re-sealability has emerged as a significant driver of growth in the bag closure market. The study revealed that re-sealability ranked as the second most important factor for consumers when it comes to flexible packaging.
Additionally, the study found that consumers are willing to pay a premium of up to 14% for products packaged in resealable bags. Manufacturers in the bag closure market are investing in research and development to introduce advanced resealable options that meet the evolving needs of consumers. For instance, Tesa introduced resealable bag closure with single -sided solutions. As a result, the availability and popularity of resealable bag closures are driving the overall growth of the global market.
Bag Closures Market Report Highlights
Simple Bag Closure Clips segment is anticipated to witness faster growth in the coming years due to the convenience, versatility, and cost-effectiveness.
Bag Closure Clips for Food Industry segment is accounted for the larger market share owing to the emphasis on food safety and preservation, compliance with regulations & convenience of use.
APAC is projected to register a higher growth rate in the study period owing to growing demand for the packaging industry.
North America is expected to grow larger revenue share owing to the presence of efficient packaging requirements for food and beverage sector.
The global players include: Bedford Industries, Kwik Lok, Schutte Bagclosures, ITW Envopak, Plas-Ties, Felins USA, Autobag, Aplix, GripPack, VELCRO Brand, Clippsafe, MAXPACK & ABA Packaging.
Polaris Market Research has segmented the bag closures market report based on product, end use and region:
Bag Closures, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Simple Bag Closure Clips
- Mechanical Bag Closure Clips
Bag Closures, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Bag Closure Clips for Food Industry
- Bakery
- Fresh Produce
- Bag Closures Clips for Medical & Other Industries
Bag Closures, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3694
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Bag Closures Market Insights
- 4.1. Bag Closures Market - Industry Snapshot
- 4.2. Bag Closures Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand reusable packaged food product
- 4.2.1.2. Growing utilization of bag closures in food industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Increasing awareness of environmental impact and easy availability of sturdy substitutes
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Bag Closures Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Bag Closures Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Bag Closures, by Product Type, 2019-2032 (USD Million)
- 5.3. Simple Bag Closure Clips
- 5.3.1. Global Bag Closures Market, by Simple Bag Closure Clips, by Region, 2019-2032 (USD Million)
- 5.4. Mechanical Bag Closure Clips
- 5.4.1. Global Bag Closures Market, by Mechanical Bag Closure Clips, by Region, 2019-2032 (USD Million)
6. Global Bag Closures Market, by End Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 6.3. Bag Closure Clips for Food Industry
- 6.3.1. Global Bag Closures Market, by Bag Closure Clips for Food Industry, by Region, 2019-2032 (USD Million)
- 6.4. Bag Closures Clips for Medical & Other Industries
- 6.4.1. Global Bag Closures Market, by Bag Closures Clips for Medical & Other Industries, by Region, 2019-2032 (USD Million)
7. Global Bag Closures Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Bag Closures Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Bag Closures Market - North America
- 7.3.1. North America: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.3.2. North America: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.3.3. Bag Closures Market - U.S.
- 7.3.3.1. U.S.: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.3.4. Bag Closures Market - Canada
- 7.3.4.1. Canada: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4. Bag Closures Market - Europe
- 7.4.1. Europe: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.2. Europe: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4.3. Bag Closures Market - UK
- 7.4.3.1. UK: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.3.2. UK: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4.4. Bag Closures Market - France
- 7.4.4.1. France: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.4.2. France: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4.5. Bag Closures Market - Germany
- 7.4.5.1. Germany: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4.6. Bag Closures Market - Italy
- 7.4.6.1. Italy: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4.7. Bag Closures Market - Spain
- 7.4.7.1. Spain: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4.8. Bag Closures Market - Netherlands
- 7.4.8.1. Netherlands: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.4.9. Bag Closures Market - Russia
- 7.4.9.1. Russia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.5. Bag Closures Market - Asia Pacific
- 7.5.1. Asia Pacific: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.5.3. Bag Closures Market - China
- 7.5.3.1. China: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.5.3.2. China: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.5.4. Bag Closures Market - India
- 7.5.4.1. India: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.5.4.2. India: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.5.5. Bag Closures Market - Malaysia
- 7.5.5.1. Malaysia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.5.6. Bag Closures Market - Japan
- 7.5.6.1. Japan: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.5.7. Bag Closures Market - Indonesia
- 7.5.7.1. Indonesia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.5.8. Bag Closures Market - South Korea
- 7.5.8.1. South Korea: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.6. Bag Closures Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.6.3. Bag Closures Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.6.4. Bag Closures Market - UAE
- 7.6.4.1. UAE: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.6.5. Bag Closures Market - Israel
- 7.6.5.1. Israel: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.6.6. Bag Closures Market - South Africa
- 7.6.6.1. South Africa: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.7. Bag Closures Market - Latin America
- 7.7.1. Latin America: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.7.2. Latin America: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.7.3. Bag Closures Market - Mexico
- 7.7.3.1. Mexico: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.7.4. Bag Closures Market - Brazil
- 7.7.4.1. Brazil: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- 7.7.5. Bag Closures Market - Argentina
- 7.7.5.1. Argentina: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. ABA Packaging
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Aplix
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Autobag
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Bedford Industries
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Clippsafe
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Felins USA
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. GripPack
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Hi-Tech Bag Sealing Machines
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. ITW Envopak
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Kwik Lok
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. MAXPACK
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Plastic Buckles & Ties
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Plas-Ties
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Presto Products Company
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Roplast Industries
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Schutte Bagclosures
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
- 9.17. Securistrap
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
- 9.18. Traco Packaging
- 9.18.1. Company Overview
- 9.18.2. Financial Performance
- 9.18.3. Product Benchmarking
- 9.18.4. Recent Development
- 9.19. ULINE
- 9.19.1. Company Overview
- 9.19.2. Financial Performance
- 9.19.3. Product Benchmarking
- 9.19.4. Recent Development
- 9.20. VELCRO Brand
- 9.20.1. Company Overview
- 9.20.2. Financial Performance
- 9.20.3. Product Benchmarking
- 9.20.4. Recent Development
Product Code: PM3694
List of Tables
- Table 1 Global Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 2 Global Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 3 Bag Closures Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 5 North America: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 6 U.S.: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 7 U.S.: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 8 Canada: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 9 Canada: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 10 Europe: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 11 Europe: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 12 UK: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 13 UK: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 14 France: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 15 France: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 16 Germany: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 17 Germany: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 18 Italy: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 19 Italy: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 20 Spain: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 21 Spain: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 22 Netherlands: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 23 Netherlands: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 24 Russia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 25 Russia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 28 China: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 29 China: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 30 India: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 31 India: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 32 Malaysia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 33 Malaysia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 34 Japan: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 35 Japan: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 36 Indonesia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 37 Indonesia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 38 South Korea: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 39 South Korea: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 44 UAE: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 45 UAE: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 46 Israel: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 47 Israel: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 48 South Africa: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 49 South Africa: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 50 Latin America: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 51 Latin America: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 52 Mexico: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 53 Mexico: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 54 Brazil: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 55 Brazil: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
- Table 56 Argentina: Bag Closures Market, by End Use, 2019-2032 (USD Million)
- Table 57 Argentina: Bag Closures Market, by Product Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Bag Closures Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End Use
- Figure 7 Global Bag Closures Market, by End Use, 2022 & 2032 (USD Million)
- Figure 8 Market by Product Type
- Figure 9 Global Bag Closures Market, by Product Type, 2022 & 2032 (USD Million)
- Figure 10 Bag Closures Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Bag Closures Market
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