Global Pre-cut Twist Ties Market: An Overview

Pre-cut twist ties are reclosable devices which are used to close bags/wraps with ease. Usually made up of plastic with two metal straight wires on its edges, the pre-cut twist ties are used in the sealing of food product to protect the freshness, as well as for non-food products leading to its easy reusability. It provides a simple way to keep the product safe and prevent spillage or external damage. The global pre-cut twist ties market is largely influenced by the rising demand from the bakery and confectionery market. Therefore, the increase in demand for packaged fresh food will increase the demand for pre-cut twist ties, globally. Manufacturers of pre-cut twist ties are eying on the ease in seal and unseal of the packaged product. Applications such as medical, fresh food, agricultural industry and other such sectors requires easy-to-use closures. Therefore, it is expected that the demand for global pre-cut twist ties market will grow over the forecast period.

Global Pre-cut Twist Ties Market: Dynamics

The pre-cut twist ties market is expected to grow on the framework of growth in the packaged fresh food industry, globally. Easy and convenient sealing at a reasonable cost is the need for today‘s food and non-food packaging industry. Pre-cut twist ties make packaging reusable and moisture resistance. Pre-cut twist ties enjoy a great demand from electronics packaging industry to tie and seal wired accessories. Pre-cut twist ties have emerged as a better alternative in place of plastic bag clips. Pre-cut twist ties are easy to use and cost efficient, which influence a large number of the applicant for the use of it, for the process of packaging and sealing. Trends like light-weight bag closures to achieve sustainable targets at reduced cost will raise the sales of pre-cut twist ties. Presence of options in pre-cut twist ties such as colour, material, and size will increase the demand for global pre-cut twist ties. 

Global Pre-cut Twist Ties Market: Segmentation

The global pre-cut twist ties market is segmented as follows -

By product type, the global pre-cut twist ties market is segmented into –

  • Twist Bands
  • Twist Strips
  • Others (Gang Tie, etc.)

By material type, the global pre-cut twist ties market is segmented into –

  • Papers
  • Plastics
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Polyethylene Terephthalate (PET)
    • Polyvinyl Chloride (PVC)
  • Metal

By application type, the global pre-cut twist ties market is segmented into –

  • Bakeries Products & Confectionery Packaging
  • Wire & Cables Packaging
  • Groceries Packaging
  • Fresh Produce Packaging
  • Medical Accessories Packaging
  • Others

Global Pre-cut Twist Ties Market: Regional Outlook

North America are considered as one of the largest markets for pre-cut twist ties due to the high selling of packaged food product. Asia Pacific region is expected to witness high growth and is anticipated to have the high CAGR for packaged food, and wires & cables market during the forecast period. The regions such as Europe and Oceania is expected to witness high average growth in the forecast period. GCC market in the MEA region is anticipated to witness an increase in CAGR during the forecast period.

Recent Developments in the Global Pre-cut Twist Ties Market

  • In 2014, Arnold Foods Company, Inc., a popular supermarket brand catering bread and bread products in United States replaced little plastic clip / tag with a twist tie.
  • In February 2016, TruSeal Pty Ltd. developed a new range of security seals for shipping containers.
  • In 2016, Schutte bagclosures B.V. acquired Klaus Martin GmbH, a Germany-based manufacturer in the construction industry to increase its presence in the German markets.

Global Pre-cut Twist Ties Market: Key players

Some of the leading players operating in the global pre-cut twist ties market are as follows –

  • Bedford Industries Inc.
  • T & T Industries Inc.
  • Schutte bagclosures B.V.
  • Zhenjiang Hongda Commodity Co.,Ltd.
  • Plas-Ties, Co
  • Detmold Group
  • Petersens Plastics
  • GBE Packaging
  • Rifkin Co
  • TruSeal Pty Ltd
  • International Plastics Inc
  • HSA International Group
  • ITW Envopak Limited
  • Vikela Aluvin Pty Ltd
  • Versapak International Ltd
  • Euroseal A.S
  • AndFel Corporation

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Precut Twist Ties Market

Pre Book