According to Future Market Insights research, during the projected period, the twist tube market is predicted to reach US$ 237.0 million in 2023 and further expand at a CAGR of 5.1% to reach US$ 389.8 million by the year 2033. The sales of twist tubes are projected to augment with the top 5 companies anticipated to hold approximately 20-25% of the market by the end of 2022.
Based on the material type, the plastic twist tube segment is expected to remain the leading segment for the global twist tube market. The reason behind this same is provided better product protection to various content which gains traction among the end-use industries The plastic twist tube segment is estimated to account for around 73% of the market value share by the end of 2033.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 237.0 million |
| Market Size 2033 | US$ 389.8 million |
| Value CAGR (2023 to 2033) | 5.1% |
| Collective Value Share: Top 3 Countries (2023) | 30-35% |
According to the FMI analysis, the twist tube market totaled US$ 226.4 million in 2022 and is estimated to be worth US$ 389.8 million by the end of 2033, expanding at a CAGR of 5.1% from 2023 to 2033. The sales of twist tubes will boost with the top 3 countries projected to hold 15-20% of the global end-cap market by the end of 2023.
The twist tube market is estimated to experience a positive growth outlook by the end of 2023. A new forecast by FMI estimates that twist tube sales will rise during the forecast period and is projected to create a growth incremental growth opportunity of US$ 163.4 million. The twist tube market is projected to grow 1.7 times the current market value from 2023 to 2033.
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The global twist tube market has grown at a CAGR of 4.6% during the historic period with a market value of US$ 226.4 million in 2022.
Twist tube is in widespread use for cosmetics, oral care, pharmaceuticals, paints, commercial & industrial, and others. A twisted tube is a collapsible package that can use for liquids, semi-solid products, etc. It is a cylindrical and hollow packaging solution, manufactured using plastic and aluminum. Tube packaging offers a layer of protection that prevents the content from breaking. The twist tube is available in two material types such as aluminum twist tubes and plastic twist tubes.
The global trend of affordable packaging is also influencing the twist tube market. Twist tubes are perfect for packaging cosmetic products, oral care products, pharmaceuticals, home & personal care products, and sensitive products as they offer excellent sealing along with properties.
In today’s fast-paced lifestyle consumers are expecting versatile packaging options and products like twist tube offer fast sealing, good protection, and tamper-proofing abilities which uphold the quality of the products without refrigeration costs. These factors will create growth opportunities for the twist tube market.
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According to FMI research, the plastic twist tube segment is expected to hold a 73% market share by the end of 2023. There is a higher demand for plastic twist tubes from various end-use industries.
Plastic twist tube has various advantages such as being lightweight, leak-proof, durable, and non-breakable. Plastic tubes are used in various products including hand cream, shampoos, and various other cosmetic products. It is used for facial masks and cleansing creams products. Plastic twist tubes are significantly used in cosmetic, personal care & home care, and pharmaceutical industries. Plastic tube has maintained their attractiveness throughout their shelf life and they get back to their original shape after squeezing. These factors are responsible for the growth of plastic twist tubes in the market.
The cosmetic segment is expected to expand 1.5 times the current market value from 2023 to 2033.
It is anticipated that sales of cosmetic tubes for skincare items will increase significantly. Tubes are the best type of packaging for skincare products because they are liquid or semi-liquid in nature, such as cleansers, moisturizers, hand creams, and body creams.
Cosmetic tubes are convenient to use, can prevent product leakage, and efficiently shield their contents. It is crucial to maintain the product's quality because skincare products are intended to maintain hygiene and address particular skin-related issues. Aluminum and plastic cosmetic tubes protect the product from the environment and do not react with the substance.
German twist tube market is estimated to expand 1.4 times the current market value from 2023 to 2033.
The reason behind the same is the growing cosmetic & personal care industry in Germany. According to the Cosmetics Europe - The Personal Care Association, Europe’s 500 million consumers use cosmetic and personal care products. Germany was one of the largest markets for cosmetic & personal care products in the European region. Thus, Germany being the largest market for cosmetic & personal care products is anticipated to create a growth opportunity for the twist tube market.
China's twist tube market is anticipated to register a CAGR of 4.5% during the forecast period.
According to the International Trade Administration (ITA), the cosmetic industry in China had experienced a steady growth rate in recent years because of the increasing number of working women along with the rise in demand for premium products. This is the major factor that drives the demand for the twist tube market in China.
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The key players are dedicated towards increase sales and revenues through the continuous launch of innovative products and increasing their production to fulfill customer requirements. The competition for the twist tube market is projected to be niche due to the presence of small players in the market.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material Type, Capacity, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | United States of America, Canada, Mexico, Brazil, Germany, United Kingdom, ASIAN, North Africa, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Essel Propack Ltd.; Berry Global Inc.; Montebello Packaging; Lission Packaging; Mpack; The Packaging Company; Esytube; Beauty Box Packaging; Queenspack; B.I Packaging; C.L. Smith; Sunflex metals |
| Customization & Pricing | Available upon Request |
As per the FMI, research data the value of the global twist tube market was US$ 226.4 million in 2022.
During the forecast period, the global twist tube market is anticipated to expand at a CAGR of 5.1%.
East Asia and South Asia are anticipated to grow at the highest CAGR in the global twist tube market during the forecasted period.
Essel Propack Ltd., Berry Global Inc., Montebello packaging, Lission Packaging, Mpack, and The Packaging Company are some of the top players in the global twist tube market.
During the forecast period, the plastic twist tube type by material type is likely to be the fastest-growing material type segment in the global twist tube market.
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