[250 Pages Report] 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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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.
Principal Consultant
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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| 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 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, 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. |
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.
1. Executive Summary
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 Twist Tie Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Material, 2015-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Material, 2022-2032
5.3.1. Plastic
5.3.2. Paper
5.3.3. Metal
5.4. Y-o-Y Growth Trend Analysis by Material, 2015-2021
5.5. Absolute $ Opportunity Analysis by Material, 2022-2032
6. Global Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by End Use, 2015-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by End Use, 2022-2032
6.3.1. Food & Beverage
6.3.2. Pharmaceuticals
6.3.3. Electrical & Electronics
6.3.4. Retail & E-commerce
6.3.5. Other Consumer Durables
6.4. Y-o-Y Growth Trend Analysis by End Use, 2015-2021
6.5. Absolute $ Opportunity Analysis by End Use, 2022-2032
7. Global Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Distribution Channel, 2015-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Distribution Channel, 2022-2032
7.3.1. Online
7.3.2. Offline
7.4. Y-o-Y Growth Trend Analysis by Distribution Channel, 2015-2021
7.5. Absolute $ Opportunity Analysis by Distribution Channel, 2022-2032
8. Global Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Region
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Region, 2015-2021
8.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Region, 2022-2032
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 (MEA)
8.4. Market Attractiveness Analysis, by Region
9. North America Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
9.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
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 Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
10.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
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 Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
11.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
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 Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
12.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
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 Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
13.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
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 Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
14.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
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 Twist Tie Market Analysis 2015–2021 and Forecast 2022–2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
15.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
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 MEA
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 Twist Tie Market Analysis
16.1. United States (U.S.)
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. U.K.
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. International Plastics Inc.
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. Bedford Industries
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. Zhenjiang Honda Packaging Products., Ltd
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. Dongguan Hongtao Plastic & Hardware Co., Ltd
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. Schutte bagclosures
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. SapiSelco s.r.l.
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. Wenzhou Lanmu Electrical Co., Ltd
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. Advanced Cable Ties, Inc.
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. ArtePlast
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. MEGATRON Elektronik GmbH & Co. KG
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. ENTHEOS Group
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. Foshan Jiaxu Plastic Products Co., Ltd.
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 Tie Market
