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Twist Caps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Packaging has undergone a dramatic shift in the past few years, from just a medium of communicating basic product information to one of the most valuable tool to attract customers. Packaging has become a very important component in almost all the industries as it can have a huge impact on shaping consumer’s perception, however, it is the fast moving consumer goods category (FMCG) which has seen the maximum impact. Over the years, the competition has intensified in the packaging design space for beverage packaging with more and more brands are entering this market that led to functional and technological innovations by these brands. One such market that gained traction because of these developments is the twist caps market. The Twist cap is a unique product that offers consumers an easier way of opening the bottle without an opener just by twisting the cap. These caps are suited for hot, cold and aseptic filling that is followed by sterilization and pasteurisation processes.

Twist Caps Market Dynamics:

The demand in the twist caps market is expected to grow over the forecast period primarily driven by the growth in the food and the beverage industry. The feature associated with the twist off caps or twist caps like easier way of opening bottles or jars that doesn’t require an opener is also a major factor that fuels the growth in the twist caps market. Other factors such as changing lifestyles, rise in the disposable incomes, more use of packaged food items further escalates the growth in the twist caps market. However, recent trend shows that most of the craft brewers prefer pry caps over twist caps for their beers as pry caps are considered to be less expensive and also these caps are said to provide better seal against oxygen that can cause beer to become stale. These disadvantages associated with twist caps can prove to be restraining factors for the growth in the twist caps market.

Twist Caps Market Segmentation:

On the basis of material, the global Twist Caps market is segmented into:

  • Plastic
  • Metal
  • Glass
  • Stainless Steel

On the basis of application, the global Twist Caps market is segmented into:

  • Food
  • Beverage
  • Chemical
  • Pharmaceutical
  • Cooking Oil
  • Personal Care
  • Others (Candy, Sweets, Gifts etc)

On the basis of product type, the global Twist Caps market is segmented into:

  • Narrow Channel closure
  • Regular Panel closure
  • Deep skirt closure
  • Easy grip closure
  • Fluted caps closure
  • Safety button

Twist Caps Market- Regional Outlook:

Geographically, the Twist Caps market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). North America and Europe are expected to witness an average growth in the twist caps market as these markets are already matured and saturated for alcoholic beverages that drives the growth in the twist caps market. In addition, the product manufacturers are focusing more on other regions like Asia Pacific where there is more scope of penetrating the newer markets of developing countries. Asia Pacific is expected to witness the maximum growth in the twist caps market primarily driven by changing lifestyles in the countries like India and China, where the consumption of alcohol has increased over the years. Additionally, rise in purchasing power and disposable incomes, increasing number of young population and growth in the packaged food industry further drives the growth in the twist caps market of Asia Pacific region. MEA is expected to experience a stagnant growth in the twist caps market over the forecast period.

Twist Caps Market- Key Players:

Some of the leading players identified across the globe in the Twist Caps market are: Massilly North America Inc., Elmoris JSC, Silgan White Cap Deutschland GmbH, TOKK Company, K.G. International, Inc., and Nippon closures Co, Ltd etc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
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