Global Twist Dispensing Closures Market – Overview
Twist dispensing closures are made up of plastic and are highly used in various end use industries such as beverages, food, pharmaceuticals, households, cosmetic & personal care and others. The easy to open and close feature of twist dispensing closures without applying much pressure is one of the key factor which is affecting the end user choices for twist dispensing closures. The current generation requires features such as caps that are easier to open, headstands packs, flow control and clean dispensing which has resulted in frequent innovation and creativity in packaging. This upsurge in innovation is driving the demand of twist dispensing closures. Increase in demand for smaller bottles in beverage industry drives the global twist dispensing closures market. End users are also capitalizing on increasing usage of smaller bottles due to the current “on the go” trend in the beverage industry. Also, the consumption of food, chemical and household products has increased significantly in the last few years which will further boost the demand of the global twist dispensing closures market.
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Global Twist Dispensing Closures Market – Dynamics
The light weight closure trend create the significant opportunity for twist dispensing closures manufacturers as they focus on developing innovative products in order to gain the first mover advantage. Twist dispensing closures are gaining traction, due to cost effective solution of the closure in comparison with the other closures. Twist dispensing closures don’t use liner so it require lesser material and further reduces the conversions cost because of the elimination of the lining process. It is estimated that twist dispensing closures provides cost benefit of around 10-15%, because of their fast cycle times, higher efficiency and material savings. Material saving is beneficial for manufacturers and stimulate more investment in new and innovative products. For instance, in October, 2017 Silgan closures facility in Champaign, llinois got awarded with Illinois Governor’s Sustainability Award 2017 for its determinations towards reduction of plastic waste while production of closures.
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Twist dispensing closures is mainly used in several end use industries such as beverages and pharmaceuticals.
Global Twist Dispensing Closures Market – Regional Overview
In North America, U.S is expected to dominate the twist dispensing closures market over the forecast period. In 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 solution from twist dispensing closures.
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Global Twist Dispensing Closures Market – Key Players
A few of the key players in the twist dispensing closures market O.Berk Company, Silgan Holdings, Plastics Corporation, Aptar Group, Crown Holdings, Ardagh Group, Berry Global Inc., Ball Corporation, Guala Closures Group, etc.