Global Bag Closure Market Size, Trends, By Product Type (Clip, Pre-Cut Twist Ties), By Material Type (Plastic, Paper and Paperboard, Metal) By Application (Food, Non-Food) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Bag Closure Market
With a CAGR of 5.17 % from 2023 to 2030, the Global Bag Closure Market is expected to grow from its estimated value of US$ 206 Mn in 2022 to US$ 332 Mn by 2030.
A type of packaging known as bag closure is primarily used to protect products from the elements outside the package. The two major varieties of these bags are pre-cut twist ties and clips. These packages are simple to reseal. These sealed bags also preserve the product's flavor, aroma, and texture. The consumer can prevent product leakage when storing the product between uses thanks to these bag closures.
Market Drivers
The demand for the bag closures has been greatly increased by the development of a wide range of bakery products for diet and health-conscious consumers, such as sugar-free and gluten-free. Therefore, it is anticipated that growing demand for confectionery and baked goods will boost sales of bag closures and propel the market's growth rate over the forecast period.
The demand for reusable packaged food goods is closely related to the sales of bag closures. The packaging of bakery and confectionery products uses the bag closures the most frequently. The most obvious application for bread clips, in which several closures are used daily, is flexible packaging for bread preparation. As a result, the market need for these bag closures continues to be reflected in the rising sales of bakery goods, which are anticipated to propel the market's growth rate.
Market Restraints
During the projection period, the easy accessibility of reliable substitutes and rising consumer concern for the environment are anticipated to restrain the growth of the bag closures market. The market expansion may also be at risk from significant investments in R&D for other, less expensive items. Numerous programs on global warming also raise people's awareness of environmental issues. Consumers are consequently prioritizing necessity over luxury, which could also pose a significant market challenge throughout the forecast.
Market Segmentation
The scope of the Global Bag Closure Market covers segmentation based on, By Product Type, By Material Type, By Application and By Region.
By Product Type, the market is segmented into Clip, Pre-Cut Twist Ties. By Material Type, the market is segmented into Plastic, Paper and Paperboard, Metal. By Application, the market is segmented into Food, Non-Food.
Regional Analysis
The Global Bag Closure Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
When it comes to revenue and market share, North America controls the bag closure industry. The heavy consumption of bread, frozen meats, and other packaged food items in this region is mostly to blame.
Due to the significant shift in consumer diets and the substitution of conventional meals with bread and other confectionary items, Asia-Pacific is anticipated to experience the quickest rate of growth throughout the projection period.
Key Players
Schutte bagclosures, Bedford Industries Inc,TruSeal (Pty) , ITW Envopak , Zhenjiang Hongda Commodity Co. Ltd , Plas-Ties, Co. , Multipack , Aluvin , T & T Industries , A. Rifkin Co.\
Market Taxonomy
By Product Type
• Clip
• Pre-Cut Twist Ties
By Material Type
• Plastic
• Paper and Paperboard
• Metal
By Application
• Food
• Non-Food
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Bag Closure Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Bag Closure Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Bag Closure Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Bag Closure Market Share Analysis, By Product Type
5.3 Global Bag Closure Market Size and Forecast, By Product Type
5.3.1 Clip
5.3.2 Pre-Cut Twist Ties
6 Global Bag Closure Market, By Material Type
6.1 Y-o-Y Growth Comparison, By Material Type
6.2 Global Bag Closure Market Share Analysis, By Material Type
6.3 Global Bag Closure Market Size and Forecast, By Material Type
6.3.1 Plastic
6.3.2 Paper and Paperboard
6.3.3 Metal
7 Global Bag Closure Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Bag Closure Market Share Analysis, By Application
7.3 Global Bag Closure Market Size and Forecast, By Application
7.3.1 Food
7.3.2 Non-Food
8 Global Bag Closure Market, By Region
8.1 Global Bag Closure Market Share Analysis, By Region
8.2 Global Bag Closure Market Size and Forecast, By Region
8.3 Global Bag Closure Market Trends and Forecast, By Region
9 North America Bag Closure Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Bag Closure Market Share Analysis, By Product Type
9.3 North America Bag Closure Market Size and Forecast, By Material Type
9.4 North America Bag Closure Market Size and Forecast, By Application
9.5 North America Bag Closure Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Product Type
9.5.1.2 Market Size and Forecast, By Material Type
9.5.1.3. Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Product Type
9.5.2.2 Market Size and Forecast, By Material Type
9.5.2.3. Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Product Type
9.5.3.2 Market Size and Forecast, By Material Type
9.5.3.3. Market Size and Forecast, By Application
10 Europe Bag Closure Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Bag Closure Market Share Analysis, By Product Type
10.3 Europe Bag Closure Market Size and Forecast, By Material Type
10.4 Europe Bag Closure Market Size and Forecast, By Application
10.5 Europe Bag Closure Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Product Type
10.5.1.2 Market Size and Forecast, By Material Type
10.5.1.3. Market Size and Forecast, By Application
10.5.2 France
10.5.2.1. Market Size and Forecast, By Product Type
10.5.2.2 Market Size and Forecast, By Material Type
10.5.2.3. Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Product Type
10.5.3.2 Market Size and Forecast, By Material Type
10.5.3.3. Market Size and Forecast, By Application
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Product Type
10.5.4.2 Market Size and Forecast, By Material Type
10.5.4.3. Market Size and Forecast, By Application
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Product Type
10.5.5.2 Market Size and Forecast, By Material Type
10.5.5.3. Market Size and Forecast, By Application
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Product Type
10.5.6.2 Market Size and Forecast, By Material Type
10.5.6.3. Market Size and Forecast, By Application
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Product Type
10.5.7.2 Market Size and Forecast, By Material Type
10.5.7.3. Market Size and Forecast, By Application
11 Asia Pacific Bag Closure Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Bag Closure Market Share Analysis, By Product Type
11.3 Asia Pacific Bag Closure Market Size and Forecast, By Material Type
11.4 Asia Pacific Bag Closure Market Size and Forecast, By Application
11.5 Asia Pacific Bag Closure Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Product Type
11.5.1.2 Market Size and Forecast, By Material Type
11.5.1.3. Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Product Type
11.5.2.2 Market Size and Forecast, By Material Type
11.5.2.3. Market Size and Forecast, By Application
11.5.3 India
11.5.3.1. Market Size and Forecast, By Product Type
11.5.3.2 Market Size and Forecast, By Material Type
11.5.3.3. Market Size and Forecast, By Application
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Product Type
11.5.4.2 Market Size and Forecast, By Material Type
11.5.4.3. Market Size and Forecast, By Application
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Product Type
11.5.5.2 Market Size and Forecast, By Material Type
11.5.5.3. Market Size and Forecast, By Application
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Product Type
11.5.6.2 Market Size and Forecast, By Material Type
11.5.6.3. Market Size and Forecast, By Application
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Product Type
11.5.7.2 Market Size and Forecast, By Material Type
11.5.7.3. Market Size and Forecast, By Application
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Product Type
11.5.8.2 Market Size and Forecast, By Material Type
11.5.8.3. Market Size and Forecast, By Application
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Product Type
11.5.9.2 Market Size and Forecast, By Material Type
11.5.9.3. Market Size and Forecast, By Application
12 Latin America Bag Closure Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Bag Closure Market Share Analysis, By Product Type
12.3 Latin America Bag Closure Market Size and Forecast, By Material Type
12.4 Latin America Bag Closure Market Size and Forecast, By Application
12.5 Latin America Bag Closure Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Product Type
12.5.1.2 Market Size and Forecast, By Material Type
12.5.1.3. Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Product Type
12.5.2.2 Market Size and Forecast, By Material Type
12.5.2.3. Market Size and Forecast, By Application
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Product Type
12.5.3.2 Market Size and Forecast, By Material Type
12.5.3.3. Market Size and Forecast, By Application
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Product Type
12.5.4.2 Market Size and Forecast, By Material Type
12.5.4.3. Market Size and Forecast, By Application
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Product Type
12.5.5.2 Market Size and Forecast, By Material Type
12.5.5.3. Market Size and Forecast, By Application
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Product Type
12.5.6.2 Market Size and Forecast, By Material Type
12.5.6.3. Market Size and Forecast, By Application
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Product Type
12.5.7.2 Market Size and Forecast, By Material Type
12.5.7.3. Market Size and Forecast, By Application
13 Middle East Bag Closure Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Bag Closure Market Share Analysis, By Product Type
13.3 Middle East Bag Closure Market Size and Forecast, By Material Type
13.4 Middle East Bag Closure Market Size and Forecast, By Application
13.5 Middle East Bag Closure Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Product Type
13.5.1.2 Market Size and Forecast, By Material Type
13.5.1.3. Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Product Type
13.5.2.2 Market Size and Forecast, By Material Type
13.5.2.3. Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Product Type
13.5.3.2 Market Size and Forecast, By Material Type
13.5.3.3. Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Product Type
13.5.4.2 Market Size and Forecast, By Material Type
13.5.4.3. Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Product Type
13.5.5.2 Market Size and Forecast, By Material Type
13.5.5.3 Market Size and Forecast, By Application
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Product Type
13.5.6.2 Market Size and Forecast, By Material Type
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Schutte bagclosures
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Bedford Industries Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. TruSeal (Pty)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 ITW Envopak
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Zhenjiang Hongda Commodity Co. Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Plas-Ties, Co.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Multipack
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Aluvin
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 T & T Industries
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 A. Rifkin Co
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
