The packaging industry is constantly evolving, driven by consumer preferences and technological advancements. One such innovation gaining significant momentum is twist dispensing closures. These closures, often seen on bottles and containers of various products, are on the path to remarkable growth. According to recent forecasts, the twist dispensing closures market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. In this blog, we will explore the reasons behind this growth and the market’s potential, which is currently valued at US$ 65 billion in 2022, projected to reach US$ 117 billion by 2032.
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.
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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.
Some of the key participating players indulged in the sales of twist dispensing closures are:
- Berk Company
- Silgan Holdings
- Plastics Corporation
- Aptar Group
- Crown Holdings
- Ardagh Group
- Berry Global Inc.
- Ball Corporation
- Guala Closures Group
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.
Key Segments in the Twist Dispensing Closures Market
By Material Type:
- Plastic
- Metal
- Aluminium
- Steel
- Others
By Features:
- Tamper Evident
- Child Resistant
- Others
By Application:
- Bottles
- Jars
- Pouches
- Liquid Packaging Carton
- Tubes
- Others
By End Use:
- Food
- Beverages
- Pharmaceuticals
- Personal Care
- Cosmetics
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa
