Future Market Insights predicts that the global bag closure market will register a CAGR of over 5% between 2020 and 2030. The market is projected to grow 2.7x of its current market value as demand for bag closures swiftly moves from plastic to other materials in the wake of debilitating impact of plastic on the environment. This trend has been observed by analysts as sales of twist ties have been on a consistent rise as compared to clips variants.
The biggest end user of this twist ties in the global bag closure market the confectionery industry. Characterized by short runs and small batch products, packaging requires manual effort. While clips were convenient, they are increasingly being replaced by twist ties as these a definitely reduce the plastic usage. The expansion and proliferation of bakeries from basic bread ones to gourmet has resulted in exceptional rise of bag closures.
For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-9488
“The outlook towards bag closures as changed drastically as most consumers seek multipurpose use of packaging. From clips to twist ties, manufacturing companies are investing in developing end products with recycled materials and designing it to ensure they beyond the lifecycle of packed product. For instance, twist ties have successfully accomplished it as they being used for bundling wires, securing plants, and hanging sundry objects, thus reducing the pressure on garbage,” says FMI Analyst.
A major shift in reducing the detrimental materials used for packaging has significantly impacted the bag closure market in recent years. A shift towards paper packaging of several bakery items also led to a transition in using twist ties instead of clips. In the past few years, manufacturers too have made a conscious effort to use recyclable plastic to produce clips for making closures used in packing confectionery items.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-9488
Today, the market is also witnessing introduction of completely biodegradable paper clips that are made of cardboard. Despite the material change, the function and operational ability of the product remains uncompromised. In the coming decade, development of sustainable bag closures will exceptionally crucial to the vendors in the market in order to reduce their carbon footprint. This is expected to encourage the uptake of plant-based biopolymers for production of bag closures used for bread loaves, a highly consumed product, will make a gigantic difference in waste disposal of global landfill, predicts Future Market Insights.
In the past decade, bakeries have sprung up in the Eastern economies, expanding base from traditional Western ones. This has definitely upped the consumption of bread in sprawling urban landscapes, giving a boost to the demand for clips and twist ties. Increasing consumption of cookies, biscuits, and cakes have also led to rise in the sale of bag closures for flexible packaging of these goods.
The market is expected to find a phenomenal demand in China and India where dietary shifts are being dictated with changing lifestyles that mimic the West. Growing number of restaurants and eateries and an exponentially rising food delivery services are also expected to drive this market. Furthermore, increased meat consumption amongst health-conscious consumers has also fueled the usage of twist ties that are safe to use for storing meat.
Future Market Insights, in its new report, offers an unbiased analysis of the global bag closure market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the global bag closure market on the basis of material type such as Plastic (polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC) and others), paper and paperboard, and metal. It also includes analysis on the basis of product type such as clip (clip band and multiclip) and pre-cut twist ties (twistband/twiststrip and tin tie). The application studied in this report are food (bakery and confectionery, fruits and vegetables meat, poultry & seafood, ready-to-eat food, and others such as tea and coffee), non-food application such as (garbage/trash, security packaging, and others such as stationery and toys). The market is also divided on the basis of region into North America, Latin America, Europe, the Middle East and Africa, East Asia, South Asia, and Oceania.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-9488
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries.
Metal Aerosol Packaging Market: Future Market Insights (FMI) provides a deeper insights on the new trends of global metal aerosol packaging market while incorporating the impact of ongoing trends, and growth & restraining factors during the forecast period of 2021 to 2031. Market dynamics have been presented on the basis of prominent drivers, trends and opportunities prevailing across key geographies for the aforementioned decade.
Aerosol Sprayers Market: ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) provides incisive coverage on the global aerosol sprayers market over the forecast period of 2021 and 2031. Additionally, to find the effect of COVID-19 on the aerosol sprayers market in general, the study monitor global aerosol sprayers’ sales in 20+ high-growth markets and addresses their end-user in particular.
Aerosol dispensing systems Market: ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers in-depth insights on key factors of global aerosol dispensing systems market. The study offers detailed study on key trends that influence the demand for aerosol dispensing systems. The report covers global demand in more than 20 high potential markets, in addition to an in-depth analysis of the impact of COVID-19 on the global shell and heat exchangers market.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: email@example.com
For Media Enquiries: firstname.lastname@example.org
Press Release Source: https://www.futuremarketinsights.com/press-release/bag-closures-market