Bag Clips Market Expected to Reach USD 7.77 Billion by 2031 Driven by Increasing Popularity of Resealable Packaging and Convenience in Food Storage

"According to the SNS Insider report, the Bag Clips Market Size was valued at USD 4.95 billion in 2023. This market is projected to reach USD 7.77 billion by 2031, reflecting a CAGR of 5.8% from 2024 to 2031"

Rising consumer interest in reducing food waste is a key driver.
According to a study by the National Resources Defense Council, American households toss roughly 30% of their food each year. Bag clips offer a simple solution, extending the shelf life of opened packages by creating an airtight seal. This translates to real savings for consumers a 2022 survey by the USDA found that the average American family throws away $1,800 worth of groceries annually. Moreover, the growing popularity of reusable products aligns perfectly with the bag clip's functionality. Unlike disposable bag ties, clips can be used repeatedly, minimizing environmental impact.

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Major Players Listed in this Report are:
- Polybags Limited
- KLR Systemes
- Haircap
- Klippit
- The Gripstic
- Strobigo
- BST Detectable Products
- Entheos Group
- Laurel Klammern GmBH
- Kwik Lok Corporation

A 2023 study revealed that over 60% of bag clip purchases are driven by price, with consumers prioritizing basic functionality over novel features.
This creates a hurdle for manufacturers seeking to introduce technologically advanced clips, such as those with integrated portion control mechanisms or smartphone connectivity. The challenge is compounded by the abundance of low-cost, functional options produced in regions with lax regulations. These clips often come with a shorter lifespan and raise environmental concerns due to their disposable nature.
To navigate this challenge, manufacturers could explore cost-effective ways to incorporate sustainable materials or develop multi-functional clips that justify a premium price point through extended usability or added benefits.

Bag Clips Market Key Segments:
By Material
- Metal
- Wood
- Plastic

By Product Type
- Magnetic
- Non-magnetic

By End Use
- Residential
- Commercial
- Institutional

SNS Insider research shows 63% of millennial consumers are interested in multi-functional kitchen tools.
This demographic is tech obsessed and embraces space-saving solutions. Capitalizing on this trend, bag clips could be integrated with smartphone apps for portion control or expiry date reminders. Additionally, with 42% of households owning reusable bags according to industry experts, bag clips designed specifically for eco-friendly, non-standard bag closures could be a hit.

On one hand, the growing global focus on reducing food waste aligns perfectly with the functionality of bag clips.
A study by the National Resources Defense Council found that in the US alone, 30-40% of food goes uneaten. Bag clips, by extending the shelf life of opened packages, directly address this concern. This is particularly relevant in regions with a high packaged food consumption rate, like North America, where the SNS Insider predicts the packaged food industry to reach a value of over USD 1 trillion by 2031. However, the environmental impact of plastic bag clips themselves cannot be ignored.

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Competitive Landscape:
Kwik Lok Corporation, a major participant, recently filed a patent for a bag clip with an antimicrobial coating, boasting a 99% reduction in E. coli growth within 24 hours. This provides to the growing interest in hygiene and food safety.
Polybags Limited is making waves with its biodegradable bag clips composed of plant-based materials. This tackles environmental concerns, a rising priority for many.
The Gripstic, another prominent player, is focusing on functionality with its new line of bag clips featuring built-in air-removal pumps. These pumps claim to extend food freshness by 30%, a significant statistic for a market obsessed with food waste reduction.

Key Takeaways:
- A growing demand for packaged goods, particularly pre-cut fruits and vegetables think resealable salad bags, is driving a rise in bag clip usage. But it's not just about groceries.
- With over 20% of households having someone with allergies or dietary restrictions, bag clips play a vital role in preventing cross-contamination within pantries and refrigerators.
- This translates to a significant portion of the market prioritizing features like strong seals and easy one-handed operation. Interestingly, the rise of e-commerce giants offering bulk-sized packaged goods is expected to further propel bag clip sales.
- SNS Insider experts predict a steady rise in demand, driven by these ever-evolving consumer needs.

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

This release was published on openPR.