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Bag Closures Market: An Insight On the Important Factors and Trends Influencing the Market

Bag closure sales closed in on around US$ 170 million in 2018, and are likely to witness annual expansion a moderate 4.5% in 2019. Future Market Insights (FMI) offers valued insights on the global bag closure market, in a recently published market intelligence outlook.<br>While plastic is still the preferred material among manufacturers of bag closures market, the report opines that materials based on paper and paperboard will gain prominence in forthcoming years, in line with the rising quest for sustainability.<br>

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Bag Closures Market: An Insight On the Important Factors and Trends Influencing the Market

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  1. Bag Closures Market March 2020 Report Id : REP-GB-9488 Published On : April-2019 Category : Packaging www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitiveframework,and future markettrends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing– the perfect solutionfor our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Bag Closures Market Analysis Bag closure sales closed in on around US$ 170 million in 2018, and are likely to witness annual expansion a moderate 4.5% in 2019. Future Market Insights (FMI) offers valued insights on the global bag closure market, in a recently published market intelligence outlook. While plastic is still the preferred material among manufacturers of bag closures market, the report opines that materials based on paper and paperboard will gain prominence in forthcoming years, in line with the rising quest for sustainability. Reusability of Twist Tie Bag Closures Gaining Ground Bag closures provide a simple way to keep the product safe and prevent spillage or external damage. The market for bag closure, in terms of product type, is classified as clips and pre-cut twist ties. Generally, high impact polystyrene is used for the manufacturing of bag closure clips, whereas pre-cut twist ties are available in both plastic and paper formats reinforced with two parallel metal wires on the edges. Bag closure finds applications in industries such as fresh produce, bakery, medical, and other industries where easy-to-use closures are needed. Overall, the outlook for the global bag closure market is expected to be positive over the course of next few years. Bag closures such as clip bands are available in two categories- paper clipband and plastic clipband. Bag closures such as pre-cut twist ties/strips, are usually used with bags/wraps/pouches as a cost-effective sealing/closure solution. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Bag Closures Market Analysis Bag closures have broader applications in industrial bakeries and confectionery units. Tin-tie bag closures are mainly used with block bottom bags and doypacks, and are also ideal for packaging of coffee & tea. Over the years, bag closures have emerged as a better alternative to plastic bags. For instance, in 2014, Arnold Foods Company, Inc., a popular supermarket brand catering bread and bread products in the US replaced little plastic clips/tags with a twist tie bag closure. Twist tie bag closures are largely reusable by nature, and provide the same kind of performance as that of a plastic bag. However, twist ties offer relatively better bag closure by keeping the air out of the bag. Moreover, bag closures are able to permit the use of metal detectors on food packaging lines and thus, ensure the safety of packaged product with a metal-free guarantee. Moreover, bag closure re-usability and effectiveness compared to other alternatives such as plastic bag clips, was appreciated by its customers. The advantages of lightweight bag closures are better size control, shorter cycle time, less effect of colorants on shrinkage, and lower operating torque. Bag Closure Clips Selling Higher than Pre-cut Twist Ties The rising use of easy-to-apply & reclosable bag closures in food, as well as non-food product applications across developing economies like China, India, and ASEAN is expected to create a positive impact on the global bag closure market. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Bag Closures Market Analysis This fact has also supported the boom in the packaging industry across these countries. South Asia is expected to represent an incremental opportunity of US$ 20.9 Mn and expand by around 2.7X of its current value by the end of 2029. The market for bag closure in terms of product type, is classified as clips and pre-cut twist ties. The clips segment in terms of revenue is expected to hold a significant market share and is expected to have steady growth. However, the pre-cut twist ties product segment is expected to expand at a higher CAGR as compared to the other segment during the forecast period. In terms of market share and incremental opportunity, the plastic segment is expected to dominate the global bag closure market. Polystyrene is anticipated to be the most attractive plastic material segment during the forecast period in the bag closure market. However, the paper & paperboard material segment in the bag closure market is expected to gain traction among food brands, for product packaging. Leading players in the bag closure market are expanding through inorganic and organic strategies, particularly production facility expansion and new product launches. Some of the most prominent competitors in the bag closure market are Plas-Ties, Co., Kwik Lok Corporation, Schutte Bagclosures B.V., Bedford Industries, Inc., Multipack B.V.B.A., International Plastics Inc., Inno Bag Closures, Truseal (Pty) Ltd., Vikela Aluvin Pty Ltd., ITW Envopak Limited, T & T Industries Inc., Zhenjiang Hongda Commodity Co., Ltd., AndFel Corporation, Detmold Group, A. Rifkin Co., and HSA International Group. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Bag Closures Market Analysis Source: Market-to-Expand-at-a-CAGR-of-5-6-During-2019-to-2029-Future-Market-Insights.html https://www.globenewswire.com/news-release/2019/04/29/1811353/0/en/Bag-Closures- About Us Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends. Contact Us Mr. Abhishek Budholiya Future Market Insights 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. Bag Closures Market Analysis United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44 (0) 20 7692 8790 Sales: sales@futuremarketinsights.com Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

  9. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

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