Summary
The global Bag Closures Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2020.
There are many kinds of bag closures. zippers, snap buttons & magnetic closures, drawstring closures, snaps, side-release closures, pull tabs, magnetic closures, twist locks, belt loops, tuck-ups, buttoned-ties, zippered-cuffs, and self-sticking tapes. Some closures may be adjustable, while others may not. A closure may also be a functional feature, or may have no functional features; in this case, the bag may not have a zipper closure or other closure mechanism and may not have a pocket. The most common zippers are push and pull zippers. This type of closure includes one or both zippers that may be turned to rotate the bag around its center point, thus opening it up for storage
Bag closures are widely used for food applications for sealing products such as powdered tea, confectionery, baked foods, and coffee, etc. is driving growth of the bag closures market. Advancement and innovation in flexible packaging are again expected to foster growth of the market. Expanding scope of application of bags across end-use segments is also projected to augment growth of the bag closures market. Increasing population around the globe is further projected to stimulate growth of the market. According to the United Nation, the world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050, and could peak at nearly 11 billion around 2100.
North America is expected to gain significant growth over the forecast period and this is attributed to increasing spending on food products will favor the growth of the market. According to the United States Department of Agriculture, in 2019, U.S. consumers, businesses, and government entities spent $1.77 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks.
Key Developments:
- In February 2020, Bedford Industries has introduced CloseIt® Bio-Clip, its new plant-based bag closure containing 100% USDA certified biobased content that is commercially compostable
- In May 2019, Kwik Lok Corporation has introduced Eco-Lok, a bag closure made with sustainable materials, the first step in the company’s drive to reduce its environmental impact. The new Eco-Lok product is formulated with a plant-based biopolymer called NuPlastiQ that requires up to 20 percent fewer greenhouse gas emissions to produce than standard plastic bag closures
The Bag Closures Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Bag Closures Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Kwik Lok Corporation
- Schutte Bagclosures
- Bedford Industries
- T & T Industries
- AndFel Corporation
- Petersens Plastics
- TruSeal Pty
- ITW Envopak
- Zhenjiang Hongda Commodity
- Vikela Aluvin
- Versapak International
- Euroseal As
By Product Type, the market is primarily segmented into:
- Plastic Bag Closures
- Paper & Paperboard Bag Closures
- Metal Bag Closures
By Applications, the market is segmented into:
- Food Applications
- Non-Food Applications
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The objective of the Bag Closures Market Report:
- To assess the size of the market by value and volume
- Analyze the Bag Closures Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Bag Closures Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Bag Closures Market
The Bag Closures Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Bag Closures Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Bag Closures Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Bag Closures Market Share by Application: 2020 VS 2026
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Bag Closures Market
1.6.1 How the Covid-19 is Affecting the Bag Closures Market
1.6.1.1 Bag Closures Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Bag Closures Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Bag Closures Market Perspective (2015-2026)
2.2 Bag Closures Market Growth Trends by Regions
2.2.1 Bag Closures Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Bag Closures Market Historic Market Share by Regions (2015-2020)
2.2.3 Bag Closures Market Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Bag Closures Market Growth Strategy
2.3.6 Primary Interviews with Key Bag Closures Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Bag Closures Market Players by Market Size
3.1.1 Global Top Bag Closures Market Players by Revenue (2015-2020)
3.1.2 Global Bag Closures Market Revenue Market Share by Players (2015-2020)
3.1.3 Global Bag Closures Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Bag Closures Market Concentration Ratio
3.2.1 Global Bag Closures Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Bag Closures Market Revenue in 2019
3.3 Bag Closures Market Key Players Head office and Area Served
3.4 Key Players Bag Closures Market Product Solution and Service
3.5 Date of entering into Bag Closures Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Bag Closures Market Historic Market Size by Type (2015-2020)
4.2 Global Bag Closures Market Forecasted Market Size by Type (2021-2026)
5 Bag Closures Market Breakdown Data by Application (2015-2026)
5.1 Global Bag Closures Market Size by Application (2015-2020)
5.2 Global Bag Closures Market Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Bag Closures Market Size (2015-2020)
6.2 Bag Closures Market Key Players in North America (2019-2020)
6.3 North America Bag Closures Market Size by Type (2015-2020)
6.4 North America Bag Closures Market Size by Application (2015-2020)
7 Europe
7.1 Europe Bag Closures Market Size (2015-2020)
7.2 Bag Closures Market Key Players in Europe (2019-2020)
7.3 Europe Bag Closures Market Size by Type (2015-2020)
7.4 Europe Bag Closures Market Size by Application (2015-2020)
8 China
8.1 China Bag Closures Market Size (2015-2020)
8.2 Bag Closures Market Key Players in China (2019-2020)
8.3 China Bag Closures Market Size by Type (2015-2020)
8.4 China Bag Closures Market Size by Application (2015-2020)
9 Japan
9.1 Japan Bag Closures Market Size (2015-2020)
9.2 Bag Closures Market Key Players in Japan (2019-2020)
9.3 Japan Bag Closures Market Size by Type (2015-2020)
9.4 Japan Bag Closures Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Bag Closures Market Size (2015-2020)
10.2 Bag Closures Market Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Bag Closures Market Size by Type (2015-2020)
10.4 Southeast Asia Bag Closures Market Size by Application (2015-2020)
11 India
11.1 India Bag Closures Market Size (2015-2020)
11.2 Bag Closures Market Key Players in India (2019-2020)
11.3 India Bag Closures Market Size by Type (2015-2020)
11.4 India Bag Closures Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Bag Closures Market Size (2015-2020)
12.2 Bag Closures Market Key Players in Central & South America (2019-2020)
12.3 Central & South America Bag Closures Market Size by Type (2015-2020)
12.4 Central & South America Bag Closures Market Size by Application (2015-2020)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Bag Closures Market Introduction
13.4 Bag Closures Market Business (2015-2020)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Bag Closures Market Key Market Segments
Table 2. Key Players Covered: Ranking by Bag Closures Market Revenue
Table 3. Ranking of Global Top Bag Closures Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Bag Closures Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Bag Closures Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Bag Closures Market Players to Combat Covid-19 Impact
Table 10. Global Bag Closures Market Size Growth by Application (US$ Million): 2020 VS 2026
Table 11. Global Bag Closures Market Size by Regions (US$ Million): 2020 VS 2026
Table 12. Global Bag Closures Market Size by Regions (2015-2020) (US$ Million)
Table 13. Global Bag Closures Market Share by Regions (2015-2020)
Table 14. Global Bag Closures Market Forecasted Market Size by Regions (2021-2026) (US$ Million)
Table 15. Global Bag Closures Market Share by Regions (2021-2026)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Bag Closures Market Growth Strategy
Table 20. Main Points Interviewed from Key Bag Closures Market Players
Table 21. Global Bag Closures Market Revenue by Players (2015-2020) (Million US$)
Table 22. Global Bag Closures Market Share by Players (2015-2020)
Table 23. Global Top Bag Closures Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Bag Closures Market as of 2019)
Table 24. Global Bag Closures Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Bag Closures Market Product Solution and Service
Table 27. Date of entering into Bag Closures Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 30. Global Bag Closures Market Size Share by Type (2015-2020)
Table 31. Global Bag Closures Market Revenue Market Share by Type (2021-2026)
Table 31. Global Bag Closures Market Size Share by Application (2015-2020)
Table 33. Global Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 34. Global Bag Closures Market Size Share by Application (2021-2026)
Table 35. North America Key Players Bag Closures Market Revenue (2019-2020) (Million US$)
Table 36. North America Key Players Bag Closures Market Share (2019-2020)
Table 37. North America Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 38. North America Bag Closures Market Share by Type (2015-2020)
Table 39. North America Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 40. North America Bag Closures Market Share by Application (2015-2020)
Table 41. Europe Key Players Bag Closures Market Revenue (2019-2020) (Million US$)
Table 42. Europe Key Players Bag Closures Market Share (2019-2020)
Table 43. Europe Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 44. Europe Bag Closures Market Share by Type (2015-2020)
Table 45. Europe Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 46. Europe Bag Closures Market Share by Application (2015-2020)
Table 47. China Key Players Bag Closures Market Revenue (2019-2020) (Million US$)
Table 48. China Key Players Bag Closures Market Share (2019-2020)
Table 49. China Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 50. China Bag Closures Market Share by Type (2015-2020)
Table 51. China Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 52. China Bag Closures Market Share by Application (2015-2020)
Table 53. Japan Key Players Bag Closures Market Revenue (2019-2020) (Million US$)
Table 54. Japan Key Players Bag Closures Market Share (2019-2020)
Table 55. Japan Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 56. Japan Bag Closures Market Share by Type (2015-2020)
Table 57. Japan Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 58. Japan Bag Closures Market Share by Application (2015-2020)
Table 59. Southeast Asia Key Players Bag Closures Market Revenue (2019-2020) (Million US$)
Table 60. Southeast Asia Key Players Bag Closures Market Share (2019-2020)
Table 61. Southeast Asia Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 62. Southeast Asia Bag Closures Market Share by Type (2015-2020)
Table 63. Southeast Asia Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 64. Southeast Asia Bag Closures Market Share by Application (2015-2020)
Table 65. India Key Players Bag Closures Market Revenue (2019-2020) (Million US$)
Table 66. India Key Players Bag Closures Market Share (2019-2020)
Table 67. India Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 68. India Bag Closures Market Share by Type (2015-2020)
Table 69. India Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 70. India Bag Closures Market Share by Application (2015-2020)
Table 71. Central & South America Key Players Bag Closures Market Revenue (2019-2020) (Million US$)
Table 72. Central & South America Key Players Bag Closures Market Share (2019-2020)
Table 73. Central & South America Bag Closures Market Size by Type (2015-2020) (Million US$)
Table 74. Central & South America Bag Closures Market Share by Type (2015-2020)
Table 75. Central & South America Bag Closures Market Size by Application (2015-2020) (Million US$)
Table 76. Central & South America Bag Closures Market Share by Application (2015-2020)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Bag Closures Market Business (2015-2020) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Bag Closures Market Share by Type: 2020 VS 2026
Figure 2. Global Bag Closures Market Share by Application: 2020 VS 2026
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Bag Closures Market Report Years Considered
Figure 8. Global Bag Closures Market Size YoY Growth 2015-2026 (US$ Million)
Figure 9. Global Bag Closures Market Share by Regions: 2020 VS 2026
Figure 10. Global Bag Closures Market Share by Regions (2021-2026)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Bag Closures Market Share by Players in 2019
Figure 13. Global Top Bag Closures Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Bag Closures Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Bag Closures Market Revenue in 2019
Figure 15. North America Bag Closures Market Size YoY Growth (2015-2020) (Million US$)
Figure 16. Europe Bag Closures Market Size YoY Growth (2015-2020) (Million US$)
Figure 17. China Bag Closures Market Size YoY Growth (2015-2020) (Million US$)
Figure 18. Japan Bag Closures Market Size YoY Growth (2015-2020) (Million US$)
Figure 19. Southeast Asia Bag Closures Market Size YoY Growth (2015-2020) (Million US$)
Figure 20. India Bag Closures Market Size YoY Growth (2015-2020) (Million US$)
Figure 21. Central & South America Bag Closures Market Size YoY Growth (2015-2020) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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