The twist dispensing closures market is likely to record a strong CAGR of 5.5% during the forecast period. The twist dispensing closures market is currently valued at US$ 65 Billion in 2022 and is likely to reach US$ 117 Billion by 2032.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2022) | US$ 65 Billion |
| Anticipated Forecast Value (2032) | US$ 117 Billion |
| Projected Growth Rate (2022 to 2032) | 5.5% CAGR |
Sales of twist dispensing closures have risen due to their easy-to-open and close feature of twist dispensing closures without applying much pressure
Increased demand for smaller bottles in the beverage industry is also projected to contribute to the growth of the twist dispensing closures market share.
The report sheds light on the factors improving the sales of twist dispensing closures, and, in turn, the opportunities for market players. However, the twist dispensing closures market also faces some challenges, which might limit the twist dispensing closures market share from reaching its potential.
Some of the key twist dispensing closures market trends promoting the demand for twist dispensing closures include an upsurge in innovation like caps that are easier to open, headstand packs, flow control, and clean dispensing which has resulted in frequent innovation and creativity in packaging.
Also, the consumption of food, chemical, and household products has increased significantly in the last few years which will further boost the demand for the global twist dispensing closures market.
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The lightweight closure trend creates a significant opportunity for twist dispensing closures manufacturers as they focus on developing innovative products in order to gain the first mover advantage.
The twist dispensing closures market is gaining traction, due to the cost-effective solution of the closure in comparison with the other closures.
Twist dispensing closures don’t use a liner so it requires lesser material and further reduces the conversion cost because of the elimination of the lining process. It is estimated that twist dispensing closures provide a cost-benefit of around 10-15%, because of their fast cycle times, higher efficiency, and material savings.
Material saving is beneficial for manufacturers and stimulates more investment in new and innovative products.
For instance, in October 2017 Silgan closure facility in Champaign, Illinois got awarded with Illinois Governor’s Sustainability Award 2017 for its determination the reduce plastic waste while the production of closures.
Twist dispensing closures are mainly used in several end-use industries such as beverages and pharmaceuticals.
In North America, the USA is expected to dominate the twist dispensing closures market over the forecast period.
In the 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 solutions from twist dispensing closures.
Principal Consultant
The key players in the twist dispensing closures market are focusing on enhancing and adopting strategies like enhancing the durability, sizes, and use to thrive business. This is driving the sales of twist dispensing closures.
Some of the key participating players indulged in the sales of twist dispensing closures are:
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
These market players are anticipated to drive the twist dispensing closures market by introducing new products and expanding geographically.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2022 to 2032 |
| The base year for estimation | 2022 |
| Historical data | 2015 to 2021 |
| Forecast period | 2023 to 2032 |
| Quantitative units | Revenue in USD million 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, Features, End Use, Application, Region |
| Regional scope | North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa |
| Country scope | USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Russia, China, Japan, South Korea, India, Malaysia, Thailand, Indonesia, Australia & New Zealand, GCC Countries, S. Africa, N. Africa |
| Key companies profiled | O.Berk Company, Silgan Holdings, Plastics Corporation, Aptar Group, Crown Holdings, Ardagh Group, Berry Global Inc., Ball Corporation, Guala Closures Group |
| 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. |
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The twist dispensing closures market grows at a rate of 5.5% CAGR during the forecast period 2022 to 2032.
Key players holding a substantial twist dispensing closures market share include O.Berk Company, Silgan Holdings, Plastics Corporation, Aptar Group, Crown Holdings, Ardagh Group, Berry Global Inc., Ball Corporation, and Guala Closures Group.
Demand for twist dispensing closures is likely to rise on the back of an increased upsurge in innovation like caps that are easier to open, headstand packs, flow control, and clean dispensing which has resulted in frequent innovation and creativity in packaging.
1. Executive Summary | Twist Dispensing Closures Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Material Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of Covid-19
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Macro Factors and Forecast Factors
3.4. Value Chain Analysis
3.4.1. Profit Margin Analysis
3.4.2. Raw Material Suppliers
3.4.3. Manufacturers, Wholesalers, and Distributors
3.4.4. End Users/ Customers
3.5. Regional Parent Market Outlook
3.6. Production and Consumption Statistics
3.7. Global Average Pricing Analysis Benchmark
4. Global Market Analysis 2015 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2015 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by Material, 2015 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by Material, 2022 to 2032
5.3.1. Polyethylene (PE)
5.3.2. Polypropylene (PP)
5.4. Y-o-Y Growth Trend Analysis by Material, 2015 to 2021
5.5. Absolute $ Opportunity Analysis by Material, 2022 to 2032
6. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by End Use, 2015 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by End Use, 2022 to 2032
6.3.1. Food & Beverage
6.3.2. Pharmaceuticals
6.3.3. Cosmetics & Personal Care
6.3.4. Homecare
6.3.5. Chemical & Fertilizers
6.3.6. Oil & Lubricants
6.4. Y-o-Y Growth Trend Analysis by End Use, 2015 to 2021
6.5. Absolute $ Opportunity Analysis by End Use, 2022 to 2032
7. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by Distribution Channel, 2015 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by Distribution Channel, 2022 to 2032
7.3.1. Online
7.3.2. Offline
7.4. Y-o-Y Growth Trend Analysis by Distribution Channel, 2015 to 2021
7.5. Absolute $ Opportunity Analysis by Distribution Channel, 2022 to 2032
8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by Region, 2015 to 2021
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis, by Region
9. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. United States of America
9.2.1.2. Canada
9.2.2. By Material
9.2.3. By End Use
9.2.4. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material
9.3.3. By End Use
9.3.4. By Distribution Channel
9.4. Key Takeaways
10. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Material
10.2.3. By End Use
10.2.4. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material
10.3.3. By End Use
10.3.4. By Distribution Channel
10.4. Key Takeaways
11. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. United Kingdom
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Nordic
11.2.1.8. Russia
11.2.1.9. Poland
11.2.1.10. Rest of Europe
11.2.2. By Material
11.2.3. By End Use
11.2.4. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material
11.3.3. By End Use
11.3.4. By Distribution Channel
11.4. Key Takeaways
12. East Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Material
12.2.3. By End Use
12.2.4. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material
12.3.3. By End Use
12.3.4. By Distribution Channel
12.4. Key Takeaways
13. South Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Material
13.2.3. By End Use
13.2.4. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material
13.3.3. By End Use
13.3.4. By Distribution Channel
13.4. Key Takeaways
14. Oceania Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Material
14.2.3. By End Use
14.2.4. By Distribution Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material
14.3.3. By End Use
14.3.4. By Distribution Channel
14.4. Key Takeaways
15. Middle East & Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. Turkey
15.2.1.3. Northern Africa
15.2.1.4. South Africa
15.2.1.5. Rest of Middle East and Africa
15.2.2. By Material
15.2.3. By End Use
15.2.4. By Distribution Channel
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Material
15.3.3. By End Use
15.3.4. By Distribution Channel
15.4. Key Takeaways
16. Country-wise Market Analysis
16.1. United States of America
16.1.1. Market Share Analysis, 2022
16.1.2. By Material
16.1.3. By End Use
16.1.4. By Distribution Channel
16.2. Canada
16.2.1. Market Share Analysis, 2022
16.2.2. By Material
16.2.3. By End Use
16.2.4. By Distribution Channel
16.3. Brazil
16.3.1. Market Share Analysis, 2022
16.3.2. By Material
16.3.3. By End Use
16.3.4. By Distribution Channel
16.4. Mexico
16.4.1. Market Share Analysis, 2022
16.4.2. By Material
16.4.3. By End Use
16.4.4. By Distribution Channel
16.5. Germany
16.5.1. Market Share Analysis, 2022
16.5.2. By Material
16.5.3. By End Use
16.5.4. By Distribution Channel
16.6. Italy
16.6.1. Market Share Analysis, 2022
16.6.2. By Material
16.6.3. By End Use
16.6.4. By Distribution Channel
16.7. France
16.7.1. Market Share Analysis, 2022
16.7.2. By Material
16.7.3. By End Use
16.7.4. By Distribution Channel
16.8. Spain
16.8.1. Market Share Analysis, 2022
16.8.2. By Material
16.8.3. By End Use
16.8.4. By Distribution Channel
16.9. United Kingdom
16.9.1. Market Share Analysis, 2022
16.9.2. By Material
16.9.3. By End Use
16.9.4. By Distribution Channel
16.10. Russia
16.10.1. Market Share Analysis, 2022
16.10.2. By Material
16.10.3. By End Use
16.10.4. By Distribution Channel
16.11. China
16.11.1. Market Share Analysis, 2022
16.11.2. By Material
16.11.3. By End Use
16.11.4. By Distribution Channel
16.12. Japan
16.12.1. Market Share Analysis, 2022
16.12.2. By Material
16.12.3. By End Use
16.12.4. By Distribution Channel
16.13. India
16.13.1. Market Share Analysis, 2022
16.13.2. By Material
16.13.3. By End Use
16.13.4. By Distribution Channel
16.14. GCC Countries
16.14.1. Market Share Analysis, 2022
16.14.2. By Material
16.14.3. By End Use
16.14.4. By Distribution Channel
16.15. Australia
16.15.1. Market Share Analysis, 2022
16.15.2. By Material
16.15.3. By End Use
16.15.4. By Distribution Channel
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Region
17.3.2. By Product Portfolio
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. O.Berk Company
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Silgan Holdings Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. United States Plastic Corporation
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Berry Global Group
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. AptarGroup, Inc.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Crown Holdings, Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Tecnocap S.p.A.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Ball Corporation
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments (Product/Channel/Region)
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Guala Closures Group
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments (Product/Channel/Region)
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Mold-Rite Plastics
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments (Product/Channel/Region)
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. CL Smith
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments (Product/Channel/Region)
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
18.1.12. Alltrista Plastics LLC
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments (Product/Channel/Region)
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.12.5.2. Product Strategy
18.1.12.5.3. Channel Strategy
19. Assumptions and Acronyms Used
20. Research Methodology
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Twist Dispensing Closures Market
