This Twist Dispensing Closures market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Twist Dispensing Closures market.
Global Twist Dispensing Closures Market - Overview
Twist dispensing closures are made up of plastic and are highly used in various end use industries such as beverages, food, pharmaceuticals, households, cosmetic & personal care and others. The easy to open and close feature of twist dispensing closures without applying much pressure is one of the key factor which is affecting the end user choices for twist dispensing closures. The current generation requires features such as caps that are easier to open, headstands packs, flow control and clean dispensing which has resulted in frequent innovation and creativity in packaging. This upsurge in innovation is driving the demand of twist dispensing closures. Increase in demand for smaller bottles in beverage industry drives the global twist dispensing closures market. End users are also capitalizing on increasing usage of smaller bottles due to the current “on the go” trend in the beverage industry. Also, the consumption of food, chemical and household products has increased significantly in the last few years which will further boost the demand of the global twist dispensing closures market.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Twist Dispensing Closures Market - Dynamics
The light weight closure trend create the significant opportunity for twist dispensing closures manufacturers as they focus on developing innovative products in order to gain the first mover advantage. Twist dispensing closures are gaining traction, due to cost effective solution of the closure in comparison with the other closures. Twist dispensing closures don’t use liner so it require lesser material and further reduces the conversions cost because of the elimination of the lining process. It is estimated that twist dispensing closures provides cost benefit of around 10-15%, because of their fast cycle times, higher efficiency and material savings. Material saving is beneficial for manufacturers and stimulate more investment in new and innovative products. For instance, in October, 2017 Silgan closures facility in Champaign, llinois got awarded with Illinois Governor’s Sustainability Award 2017 for its determinations towards reduction of plastic waste while production of closures.
Twist dispensing closures is mainly used in several end use industries such as beverages and pharmaceuticals.
Global Twist Dispensing Closures Market – Regional Overview
In North America, U.S is expected to dominate the twist dispensing closures market over the forecast period. In Asia Pacific region, China and India are anticipated to witness extensive growth during the forecast period. It is attributed to the preference for convenient closure solution from twist dispensing closures.
Global Twist Dispensing Closures Market – Key Players
A few of the key players in the twist dispensing closures market O.Berk Company, Silgan Holdings, Plastics Corporation, Aptar Group, Crown Holdings, Ardagh Group, Berry Global Inc., Ball Corporation, Guala Closures Group, etc.
The report on twist dispensing closures market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Twist dispensing closures market also maps the qualitative impact of various market factors on market segments and geographies.
The global twist dispensing closures market is divided into seven major regions, which are as follows -
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
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Global Twist Dispensing Closures Market - Segmentation
The global twist dispensing closures market is segmented by material type, features, application, and end use industry. The pricing for twist dispensing closures has being done based on material type segment in US$ million, and the volume is considered in tonnes.
On the basis of material type, the global twist dispensing closures market is segmented into -
- Polyethylene (PE)
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polyurethane (PU)
On the basis of features, the global twist dispensing closures market is segmented into -
- Tamper Evident
- Child Resistant
On the basis of application, the global twist dispensing closures market is segmented into -
- Liquid Packaging Cartons
On the basis of end use industry, the global twist dispensing closures market is segmented into
- Non - Alcoholic
- Ointments & Creams
- Personal Care & Cosmetics
- Home Care
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments for twist dispensing closures market
- Competitive landscape for twist dispensing closures market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint