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Twist Tie Market

Market Insights on Twist Tie covering sales outlook, demand forecast & up-to-date key trends

Twist Tie Market By Material Type (Metal, Plastic, Paper), End Use (Food Pharmaceuticals, Chemicals & Fertilizers, Consumer Durables, Electrical & Electronic Goods) & Region - Forecast 2022-2032

Twist Tie Market Overview

The twist tie market is anticipated to record a CAGR of 5.5% during the forecast period. The twist tie market is anticipated to grow from US$ 9.54 Bn in 2022 to reach a valuation of US$ 16.3 Bn by 2032.

Attributes

Details

Twist Tie Market Value (2022)

US$ 9.54 Bn

Twist Tie Market Value (2032)

US$ 16.3 Bn

Twist Tie Market CAGR (2022-2032)

5.5%

Sales of twist tie are expected to rise as they are easy to use and cost-efficient, which influence a large number of applicants for the use of it, for the process of packaging and sealing. 

The increased demand from the bakery and confectionery markets has a significant impact on the global twist tie market share. As a result, global demand for twist ties is likely to rise as demand for packaged fresh food rises. 

Manufacturers of twist ties are interested in the convenience with which the packaged product can be sealed and unsealed. This is a major factor impacting the sales of twist tie. Medical, fresh food, agricultural, and other applications necessitate the use of simple closures. As a result, the demand for twist tie is predicted to rise over the forecast period.

Some of the key twist tie market trends promoting the demand for twist tie include lightweight bag closures, which are anticipated to increase sales of twist tie in order to meet long-term goals at a lower cost. The availability of options in twist ties, such as color, material, and size, is likely to boost demand for twist tie.

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What are the Contributors to the Twist Tie Market Share?

The twist tie market share is predicted to grow due to increased demand for twist tie from the consumer durables and electronic products business, the food sector, and other industries. As a result of the rising demand, the sales of twist tie is also anticipated to rise. 

Wires, chargers, earphones & headphones, and other wired devices in the electrical & electronics business are typically secured with a twist tie to keep them untangled. Thus, demand for twist tie in the electronics business is also anticipated to rise during the forecast period, which will further heighten the sales of twist tie. 

Twist ties are also used in grocery stores, shopping malls, and other establishments to secure the opening of bags containing grains, pulses, and items such as packets of bread and others, which boost the sales of twist tie. During the projected period, this aspect is likely to increase demand for the twist tie market.

Twist tie machines are available on the market to assist with tying the openings of bags in locations where twist ties are used often. Furthermore, unlike other alternatives such as cable ties, wire ties, and hose ties, they may be reused repeatedly. During the forecast period, these factors are projected to drive sales of twist tie and further boost the twist tie market share

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Which is the Leading Region in the Twist Tie Market?

The Asian region is expected to lead the global twist tie market during the next decade. The increased sales of twist tie in the region are due to rapid growth in industrialization and high growth in the food, electrical & electronics industry in the region. 

China and India are anticipated to drive the growth of the twist tie market in the region.

North America region is expected to fuel the global twist tie market. It is attributed to the high demand for twist tie created by industries such as food, groceries, and electronics, among others. This factor is anticipated to further increase the sales of twist tie during the forecast period.

A similar trend is followed by European countries, including Germany, Italy, France, the U.K., and Spain, among others. In these countries, twist ties are mostly used in the food and electronic sector. Consumption of bread is very high in this region, and twist tie is employed to tie open the mouth of bread bags.

This factor is expected to drive the growth prospects of the global twist tie market share during the forecast period. MEA region is expected to witness average growth in the twist tie market during the forecast period.

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Scope of Report

Report Attribute

Details

Growth rate

CAGR of 5.5% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 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, and trends, Pricing Analysis,

Segments covered

Material Type, End Use, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

International Plastics Inc., Associated Bag, ClearBags, Bedford Industries, Anchor Bag Leco Plastics, Inc., Save Ties

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The Twist Tie Market is likely to register a CAGR of 5.5% during the forecast period.

Key players holding substantial Twist Tie Market share include International Plastics Inc., Associated Bag, ClearBags, Bedford Industries, Anchor Bag Leco Plastics, Inc., and Save Ties.

As per the analysis, the twist tie market share is likely to be US$ US$ 16.3 Bn by 2032.

Demand for twist tie is likely to rise due to increased demand from the consumer durables and electronic products business, the food sector, and other industries.

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Ismail Sutaria
Principal Consultant
LinkedIn
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