The global twist tie machines market size is expected to reach USD 16.3 Billion in 2032. The twist tie machines market is growing rapidly.
As per FMI Analysts, the global twist tie machines market is estimated to be valued at USD 9.54 Billion in 2022 and is projected to increase at a CAGR of 5.45% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Twist tie Machines Market Estimated Base Year Value (2021) | USD 9.04 Billion |
| Twist tie Machines Market Expected Market Value (2022) | USD 9.54 Billion |
| Twist tie Machines Market Anticipated Forecast Value (2032) | USD 16.3 Billion |
| Twist tie Machines Market Projected Growth Rate (2022 to 2032) | 5.45% CAGR |
There are many types of twist-tie machines, including automatic or semi-automatic types, depending on the requirements of the customer. Almost all supermarkets globally accept twist-tie machines to improve productivity. These machines can be used in various applications, including food, bakery, confectionery, wire harness assembly, and industrial.
The advent of technological innovation in-store or online, coupled with consumers' shifting demands, is reshaping the future packaging industry. In supermarkets and grocery stores, the demand for twist-tie machines is rising; the widespread sale of food, including cereals, grains, beans, and others, is impacting the twist-tie machine demand.
Twist tie machines come with adjustable ribbon length, ensuring the economical use of ribbons. These twist-tie machines operate at different speeds based on the requirements. Upon receipt of these factors, the global twist tie machines market will grow steadily during the forecast period.
Known for their high operating speeds of between 50 and 200 bags per minute, twist tie machines are continuously in demand due to the increasing establishment of grocery stores in supermarkets across the globe. All these factors will support the growth of the global twist tie machines market during the forecast period.
There are twist-tie machines that will clinch a variety of sized packages. Twist tie machines are also manufactured for the food industry and warehouses that do large amounts of packaging.
European and North American countries are both regions that have a high installed base of twist tie machines because of the large number of shopping complexes, hypermarkets, and supermarkets within these regions. The USA, Canada, Germany, Italy, France, the United Kingdom, and Benelux are some of the countries with a higher installed base of twist tie machines.
For the global twist tie machines market, the Middle East and Africa region is likely to experience above-average demand in the forecast period.
The twist tie machines market has received a lot of traction in the industry.
As a result, these factors are expected to drive the global twist tie machines market during the forecast period; additionally, twist tie machines come with diverse ribbon lengths, ensuring the most economical use of ribbons. Finally, twist tie machines come with various operating speeds depending on the requirement; thus, they are expected to drive the global twist tie machines market during the forecast period.
One of the main reasons for the increasing use of twist ties in the global market is how much time it saves across a conveyor. An employee who does not utilize the twist tie machine in a production line is much less efficient than an employee who uses the twist tie machine for twisting off the ties.
Consumers' shifting demands combined with technological innovations in-store or online are reshaping the future of the twist-tie machine market. In supermarkets and grocery stores, twist-tie machines are in high demand, and the widespread shopping of food, including cereals, grains, beans, and others, is driving the demand for twist-tie machines globally.
There are twist-tie machines that simplify the process of tying a knot of packages. These machines have been accepted by almost all supermarket chains to improve productivity & can be used in many different industries, including food, bakery, confectionery, wire harness & assembly, and industrial & they can also be automatic or semi-automatic, depending on the customer's preferences.
For tying different-sized packages, twist tie machines are manufactured in different diameters. Twist tie machines are manufactured not only for supermarkets or grocery stores but also for the food industries and warehouses where large volumes of packaging are done.
Asian countries, including India, China, Thailand, Malaysia, Singapore, and Indonesia, are undergoing rapid industrialization and globalization. The twist tie machines market is expected to grow significantly during the forecast period. This is due to the establishment of supermarkets, malls, shopping centers, and grocery stores throughout the region.
In terms of speed, Europe and North America are closely followed by Asia. The countries in these two regions are technologically advanced, and they are among the first to adopt twist-tie machines. The USA, Canada, Germany, Italy, France, the United Kingdom, and Benelux are among the nations with a large installed base of twist tie machines, attributed to the high number of shopping malls, hypermarkets, and supermarkets in these regions.
It is forecast that the demand for global twist tie machines is likely to be above average during the forecast period in the Middle East and Africa region.
Some of the leading companies operating in the global twist tie machines market include Plas-Ties, Co., Tach-It, Zhenjiang Hongda Commodity, Kunshan Yuanhan Electronic Equipment, Hughes Enterprises, IPS Packaging, and International Plastics Inc.
In-store and online technological advances combined with changing consumer preferences are reshaping the future of the Twist Tie Machines Market. The availability of twist-tie machines in supermarkets and grocery stores is rising exponentially. The prevalence of cereals, grains, beans, and many other food items is driving the popularity of twist-tie machines globally.
Twist tie machines can be ordered in various diameters to meet the different sizing needs of different packages. These machines are not only manufactured for supermarkets and grocery stores but also for food industries and warehouses where large quantities of packaging are done.
Due to the increasing establishment of supermarkets, and grocery stores across the globe, demand for twist-tie machines has steadily been rising, fueling market growth during the forecast period. Their operating speed ranges from 50-60 bags per minute.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.45% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Machine Type, Operating Speed, Application |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | Plas-Ties, Co.; Tach-It; Zhenjiang Hongda Commodity; Kunshan Yuanhan Electronic Equipment; Hughes Enterprises; IPS Packaging; International Plastics Inc. |
| Customization | Available Upon Request |
The global twist tie machines market is set to grow at a CAGR of 5.45% through 2032.
The USA is projected to lead the twist tie machines market in the forecast period.
Koninklijke DSM N.V., BASF SE, Danone SA, and Genova Diagnostics, Inc. are some of the renowned companies in the twist tie machines market.
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