Since most publishing software trims everything out of the way of clipping, this is beneficial for graphic designers. This is because it works for them. After all, they can throw photos of your product against any other image or background without dealing with a white background. Apart from these, it allows the text to twist against the original product. I would say which is against the boundaries of your rectangular image. If you plan to keep some print material, the clipping path is much more necessary for you. This includes photos of your products in a magazine and catalog. Also, a single image results from many paths in the photo industry for different products with colors.