Market Overview:
The global plastic bag closures market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food and non-food applications across the globe. In terms of type, PP bag closures are expected to lead the market during the forecast period, followed by PE bag closures and PET bag closures. In terms of application, food applications are expected to lead the market during the forecast period, followed by non-food applications. North America is estimated to be one of the leading markets for plastic bag closures in 2018 and is projected to maintain its dominance throughout 2030 owing to rising demand from end-use industries such as food & beverage and pharmaceuticals.
Product Definition:
A closure is a device that seals the opening of a container such as a bag, box, or bottle.
PP Bag Closures:
Plastic bag closures are used to close plastic or paper bags. They are available in various shapes and sizes and can be printed with logos and designs. The product is widely used by grocery stores, convenience stores, pharmacies, etc. Plastic bag closure helps in maintaining the cleanliness of the store as it prevents dust from settling on the products stored in a box or shelf due to its adhesive property which sticks onto any surface making it difficult for dust to settle on them.
PE Bag Closures:
PE bag closures are used in plastic bag closures market. Plastic bags are widely used packaging materials for various applications such as food packaging, dry-cleaning clothes, and personal care products among others. The global plastic bag industry is expected to witness significant growth over the forecast period owing to its widespread use in retail and industrial markets.
Application Insights:
The food applications segment led the global plastic bag closures market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for fresh and frozen foods across the globe, coupled with rising disposable income levels among consumers in developing countries including China, India and Brazil.
Plastic has replaced paper as an alternative material for packaging many food products due to its superior properties such as durability, clarity, flexibility & strength over other materials used for packaging such as metal & glass containers. These factors are expected to drive product demand from various food application industries including dairy industry (drinks), meat processing industry (sausage casings), bakery industry (bun wraps) along with others which include seafood/fish cans/containers and processed fruit/vegetables cans/containers among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of plastic production owing to cheap labor costs, which has resulted in manufacturers shifting their focus towards this region. China is one of the largest producers and consumers of plastic bags globally. It was estimated that China produced around 9 billion plastic bags in 2016, out of which 6 billion were consumed within the country itself, resulting into a net export value worth USD X billion (approx).
The European market also accounted for a significant share as it is one of the top exporters across globe; however, it witnessed slow growth as compared to Asia Pacific due to strict regulations regarding single-use plastics especiallybags imposed by various governments across countries such as Germany, U.K.
Growth Factors:
- Increasing demand from end-use industries: The global plastic bag closures market is witnessing a significant growth due to the increasing demand from end-use industries such as food and beverage, pharmaceuticals, and cosmetics.
- Rising popularity of convenience packaging: The growing trend of convenience packaging is also fueling the growth of the global plastic bag closures market. Consumers are preferring products that are easy to use and store, which is resulting in an increase in demand for plastic bag closures.
- Technological advancements: The development of innovative technologies has led to the introduction of advanced closure systems in the global plastic bag closures market. This is helping manufacturers offer a wider range of products that meet the specific needs of consumers.
- Growing environmental concerns: There has been a rising awareness among consumers about environmental concerns related to plastics bags, which is propelling them towards using alternatives such as paper bags or reusable bags made from cloth or other materials .This is benefiting the growth prospects for the global plastic bag closures market as it offers sustainable closure solutions for various types of bags.. 5)Rising disposable income levels: A rise in disposable income levels across emerging economies has resulted in an increase in spending on consumer goods, including packaged food items and beverages .This is providing a major impetus tothegrowthoftheglobalplasticbagclosuresmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Bag Closures Market Research Report
By Type
PP Bag Closures, PE Bag Closures, PET Bag Closures, PS Bag Closures
By Application
Food Applications, Non-Food Applications
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Bag Closures Market Report Segments:
The global Plastic Bag Closures market is segmented on the basis of:
Types
PP Bag Closures, PE Bag Closures, PET Bag Closures, PS Bag Closures
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Applications, Non-Food Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Plastic Bag Closures Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PP Bag Closures
- PE Bag Closures
- PET Bag Closures
- PS Bag Closures
- By Application:
- Food Applications
- Non-Food Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Bag Closures Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic bag closures are a type of plastic film that is used to seal the opening of a plastic bag. They come in different sizes and shapes, and can be attached to the top or bottom of a plastic bag.
Some of the major players in the plastic bag closures market are 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.
The plastic bag closures market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Bag Closures Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plastic Bag Closures Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Bag Closures Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plastic Bag Closures Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plastic Bag Closures Market Size & Forecast, 2018-2028
4.5.1 Plastic Bag Closures Market Size and Y-o-Y Growth
4.5.2 Plastic Bag Closures Market Absolute $ Opportunity
Chapter 5 Global Plastic Bag Closures Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plastic Bag Closures Market Size Forecast by Type
5.2.1 PP Bag Closures
5.2.2 PE Bag Closures
5.2.3 PET Bag Closures
5.2.4 PS Bag Closures
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plastic Bag Closures Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plastic Bag Closures Market Size Forecast by Applications
6.2.1 Food Applications
6.2.2 Non-Food Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Bag Closures Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastic Bag Closures Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plastic Bag Closures Analysis and Forecast
9.1 Introduction
9.2 North America Plastic Bag Closures Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plastic Bag Closures Market Size Forecast by Type
9.6.1 PP Bag Closures
9.6.2 PE Bag Closures
9.6.3 PET Bag Closures
9.6.4 PS Bag Closures
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plastic Bag Closures Market Size Forecast by Applications
9.10.1 Food Applications
9.10.2 Non-Food Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plastic Bag Closures Analysis and Forecast
10.1 Introduction
10.2 Europe Plastic Bag Closures Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plastic Bag Closures Market Size Forecast by Type
10.6.1 PP Bag Closures
10.6.2 PE Bag Closures
10.6.3 PET Bag Closures
10.6.4 PS Bag Closures
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plastic Bag Closures Market Size Forecast by Applications
10.10.1 Food Applications
10.10.2 Non-Food Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plastic Bag Closures Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plastic Bag Closures Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plastic Bag Closures Market Size Forecast by Type
11.6.1 PP Bag Closures
11.6.2 PE Bag Closures
11.6.3 PET Bag Closures
11.6.4 PS Bag Closures
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plastic Bag Closures Market Size Forecast by Applications
11.10.1 Food Applications
11.10.2 Non-Food Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plastic Bag Closures Analysis and Forecast
12.1 Introduction
12.2 Latin America Plastic Bag Closures Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plastic Bag Closures Market Size Forecast by Type
12.6.1 PP Bag Closures
12.6.2 PE Bag Closures
12.6.3 PET Bag Closures
12.6.4 PS Bag Closures
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plastic Bag Closures Market Size Forecast by Applications
12.10.1 Food Applications
12.10.2 Non-Food Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plastic Bag Closures Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plastic Bag Closures Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plastic Bag Closures Market Size Forecast by Type
13.6.1 PP Bag Closures
13.6.2 PE Bag Closures
13.6.3 PET Bag Closures
13.6.4 PS Bag Closures
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plastic Bag Closures Market Size Forecast by Applications
13.10.1 Food Applications
13.10.2 Non-Food Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastic Bag Closures Market: Competitive Dashboard
14.2 Global Plastic Bag Closures Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kwik Lok Corporation
14.3.2 Schutte Bagclosures
14.3.3 Bedford Industries
14.3.4 T & T Industries
14.3.5 AndFel Corporation
14.3.6 Petersens Plastics
14.3.7 TruSeal Pty
14.3.8 ITW Envopak
14.3.9 Zhenjiang Hongda Commodity
14.3.10 Vikela Aluvin
14.3.11 Versapak International
14.3.12 Euroseal As
