Compliant grippers, owing to adaptivity and safety, have attracted considerable attention for unstructured grasping in real applications, such as industrial or logistic scenarios. However, accurate construction of the mathematical model depicting the bidirectional relationship between shape deformation and contact force for such grippers, such as the Fin-Ray grippers, remains stagnant to date. To address this research gap, this article devises, presents, and experimentally validates a universal bidirectional force-displacement mathematical model for compliant grippers based on the co-rotational concept, which endows such grippers with an intrinsic force sensing capability and offers a better insight into the design optimization. In Part 1 of the article, we introduce the fundamental theory of the co-rotational approach, where arbitrary large deformation of beam elements can be modeled. Its intrinsic principle enables the theoretical modeling to consider various types of configurations and key design parameters with very few assumptions made. Further, a force control algorithm is proposed, providing accurate displacement estimations of the gripper under external forces with minor computational loads. The performance of the proposed method is experimentally verified through comparison with Finite Element Analysis, where the influence of four key design parameters on the gripper s performance is investigated, facilitating systematical design optimization. Part 2 of this article demonstrating the force sensing capabilities and the effects of representative co-rotational modeling parameters on model accuracy is released in Google Drive.