Twist wrap packaging market participants enter into a licensing agreement with other technologies to use Earth Coating in a wide range of sophisticated packaging applications. The partnership, which would be focused on New Zealand and Australia, extends Earth Coating mineralization of plastics technology into a broad spectrum of flexible packaging applications that necessitate exceptional barrier and heat seal performance.
The twist wrap packaging market is poised to increase at a 5.1% CAGR from 2022 to 2032, from USD 355.60 billion in 2022 to USD 584.77 billion by 2032.
At the exhibition, key twist wrap packaging market participants will bring to light their expanded product portfolio with the comprehensive acquisition by key players in the twist wrap packaging market to broaden their growth and geographical market coverage options.
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Global Twist Wrap Packaging Market – Key players
Few of the key players in the twist wrap packaging market are
- Exxon Mobil Corp,
- Clondalkin Group Holdings B.V.,
- TOPAS Advanced Polymers GmbH,
- Catty Corporation,
- Elif Plastik Ambalaj San. ve Tic. A.?.,
- Stratex Group Limited,
- Swiss Pack U.K.,
- Foil Packaging Pvt Ltd,
- Multifilm Packaging Corporation,
- Ester Industries Ltd.,
- BPM Inc.,
- Varipack AG,
- Polysack Flexible Packaging Ltd., etc.
Global Twist Wrap Packaging – Market Dynamics
The market for twist wrap packaging is increasing due to increase in the preference for this type of packaging by consumers. Another factor which is augmenting twist wrap packaging market is excellent twist retention quality of the wrap. Twist wraps made from aluminium and wax paper are getting a scope for increasing sales for the twist wrap packaging market.
Furthermore, the demand for twist wrap packaging market is increasing due to its waterproof ability. In addition, twist wrap packaging also has features such as heat protection capability of the packaging which would keep food items safe.
Twist wrap packaging is getting preference as it increases the appearance and aesthetic quality of food items. Moreover, due to strict norms of the government regarding plastic use is hampering the market for twist wrap packaging.
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Global Twist Wrap Packaging Market – Regional Overview
The global twist wrap packaging market can be divided into seven major regions which are as follows –
- North America
- Latin America
- Asia-Pacific excluding Japan
- Japan
- Middle East & Africa
- Eastern Europe
- Western Europe
North America is expected to dominate the market for twist wrap packaging market over the forecast period 2017-2025. It is followed by Europe, which is expected to be the second dominant market for twist wrap packaging.
Global Twist Wrap Packaging – Market Segmentation
The global twist wrap packaging market can be segmented by the raw material type, by product type, and by end user base.
On the basis of raw material type, the global twist wrap packaging market is segmented into
- Plastic
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Cellophane
- Others
- Wax Paper
- Aluminium
- Others
On the basis of application, the global twist wrap packaging market is segmented into –
- Gift Wraps
- Confectionary Packaging
- Candy
- Chocolate bars
- Jelly
- Others
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