Global Twist Dispensing Closures Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|扭轉分配器蓋的全球市場（2021-2028） Global Twist Dispensing Closures Market - 2021-2028|
|出版日期: 2021年08月12日||內容資訊: 英文 180 Pages||
Global Twist Dispensing Closures Market Overview
The global twist dispensing closures market size was worth US$ XX billion in 2020 and is projected to show a trajectorial growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Twist Open/Twist Close dispensing closures are made up of plastic and have all of the advantages of other dispensing closures, and are comparatively simple to use. Without any additional hardware, the user can reseal the product with a simple twist. Twist caps are ideal for delivering a variety of products. Furthermore, users can easily pour out liquids, lotions, paints, and other viscous materials with twist open/twist closed dispensing caps.
The screw-top design is simple to open and close, and the twist-closed feature protects the contents from the outdoors. These twist dispensing closures are highly used in various end-use industries such as pharmaceuticals, beverages, food, households, cosmetic & personal care, etc. One of the primary factors influencing end-user decisions for twist dispensing closures is the ease with which they can open and close without exerting too much strain.
Twist Dispensing Closures Dynamics
Increasing demand for closures that are easier to open, headstands packs, flow control, and clean dispensing creates immense demand for twist dispensing closures in the recent period. Improving demand from the end-user industries such as beverages and pharmaceuticals is expected to show a positive impact on the growth of the twist dispensing closures market in the forecast period
Increasing demand for closures that are easier to open, headstands packs, flow control, and clean dispensing
Strict time management and hectic lifestyle of customer has increased the demand of userfriendly packaging at affordable cost. The lightweight closure trend creates a significant opportunity for twist dispensing closures manufacturers to focus on developing innovative products to gain the first-mover advantage. Twist dispensing closures are gaining popularity since they are a more cost-effective alternative than other closures. Furthermore, twist dispensing closures don't use the liner, so it requires lesser material and further reduces the conversion cost because of eliminating the lining process. Therefore, twist dispensing closures are predicted to save roughly 10-15% in costs because of their quick cycle times, increased efficiency, and material savings, making the product available for different ranges. Thus easy affordability and prevalence of advanced features such as fast cycle times, higher efficiency, and material savings boost the growth of the global twist dispensing closures market in recent years.
Rising demand from the end-user industries such as beverages and pharmaceuticals is expected to show a positive impact on the growth of the twist dispensing closures market in the forecast period
Twist dispensing closures have gained immense popularity among various end-users such as beverages and pharmaceuticals industries due to these closures' excellent sealing and cost affordability. Both food and beverages and pharmaceutical industries are growing rapidly for the past many years and are expected to maintain the growth momentum for the market share in the forecast period. Twist dispensing closures are a generally disposable type of packaging; hence, in great demand in pharmaceutical companies for stores different medicines and disposable properties, the product has reduced the chances of cross-contamination and infection, leading to gain market share in the pharmaceutical packaging industry.
Stringent policies towards the overuse of plastic remain the major challenge for the growth of the product in the forecast period
Twist dispensing closures are predominantly made up of plastic and hold a major constituent of it. Increasing product adoption by different firms across the globe has further accelerated the market share for the product and increased plastic consumption. The overconsumption of plastic has forced the government of various developing regions to build stringent policies towards plastic consumption, leading to challenging the growth of the product in the forecast period. Furthermore, since many twist dispensing closures are disposable, which has created a high percentage of plastic waste, hurdling the product's market growth in the recent period.
COVID-19 Impact Analysis
COVID-19 had a moderate effect on the twist dispensing closures market in 2020. The pandemic has affected various industries such as food packaging, and pharmaceutical packaging, and others, particularly in the 2019-2020 period. The prime reason behind the demand reduction of products is the shut down of manufacturing units and supply chain disruption. A similar trend has been seen in the end-users market of the product, leading to severely hampering the product's market. However, twist dispensing closures are favorable in the pharmaceutical industry compared to other end-users of the product. As the covid-19 conditions are improving in many developing countries, thus expected to accelerate the market of the product in the coming years
Twist Dispensing Closures Market Segment Analysis
The global twist dispensing closures market is segmented based on material, features, application, end-user and region.
Plastic material has dominated the recent market share for twist dispensing closures due to the easy availability of the materials with excellent properties at a much affordable cost
The global twist dispensing closures market is bifurcated into plastic, metal, and others in terms of material. Out of the mentioned type of materials, plastic holds the highest market share as compared to other types of materials available in the market due to the easy availability of the materials with excellent properties at a much affordable cost. Plastic is further segmented into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), polyethylene terephthalate (PET), polyvinyl chloride (PVC), low-density polyethylene (LDPE), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), polyurethane (PU) and bioplastics. Polypropylene holds the major market share for twist dispensing closures in recent periods owing to its excellent features. However, due to adoption of an eco-friendly approach, bioplastic material is expected to dominate in the forecast period.
Twist Dispensing Closures Market Geographical Analysis
Over the projected period, the United States is expected to dominate the twist dispensing closures market, as the nation is now witnessing consolidation by numerous market competitors in light of the region's expansion.
In North America, U.S is estimated to dominate the twist dispensing closures market over the forecast period as the region is currently undergoing consolidation by various market players considering the growth and increasing preferences for a convenient solution from twist dispensing closure. The improving market of product end-users such as the food & beverage and pharmaceutical industry is more likely to create immense opportunities for twist dispensing closures in the forecast period. Furthermore, In the Asia Pacific region, China and India are anticipated to witness extensive growth for the product during the forecast period. It is attributed to the preference for convenient closure solutions from twist dispensing closures in the region.
Twist Dispensing Closures Market Competitive Landscape
The twist dispensing closures market is highly fragmented and competitive with the presence of several local as well as global companies. Some of the key players adding to the market's growth include O.Berk Company, LLC, Weener Empire Plastics Pvt. Ltd., Mold-Rite Plastics, Silgan Holdings Inc., United States Plastic Corporation, Crown, Berry Global, MJS Packaging, WB Bottle, Guala Closures Group, Aptar Group, Ardagh Group and among others.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the twist dispensing closures market globally. The market's key players are highlighting their achievements as the growth strategy for building their market in recent times.
Overview: In 1910, Osias Berk founded a company that still bears his name. The company was located in Newark, NJ. Its customer base consisted mostly of chemical plants along the Passaic River and ethnic food suppliers, such as pickle packers, in the city's Iron Bound section. With four east coast locations, O.Berk Company offers complete packaging services and solutions to the pharmaceutical, healthcare, cosmetic, personal care, food and beverage, and household and commercial industries, including stock and custom plastic and glass containers, caps, pumps, and sprayers, as well as labeling and decorating services.
The global twist dispensing closures market report would provide access to an approx: 69 market data table, 67 figures and 250 pages.
Target Audience 2022
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