Future Market Insights’ research indicates that the twist tube market is set to attain a value of US$ 237.0 million in 2023 and is expected to grow steadily at a compound annual growth rate (CAGR) of 5.1%, ultimately reaching US$ 389.8 million by 2033. Furthermore, it is anticipated that the top 5 companies will collectively capture around 20-25% of the twist tube market by the conclusion of 2022.
The German twist tube market is expected to expand significantly, reaching 1.4 times its current market value between 2023 and 2033. This growth is primarily attributed to the thriving cosmetic and personal care industry in Germany. As reported by Cosmetics Europe – The Personal Care Association, Europe’s 500 million consumers extensively use cosmetic and personal care products, and Germany stands out as one of the largest markets for such products within the European region. This places Germany at the forefront of the cosmetic and personal care industry in Europe. Consequently, the country’s status as the largest market for cosmetic and personal care products is poised to create a substantial growth opportunity for the twist tube market.
China’s twist tube market is expected to achieve a solid compound annual growth rate (CAGR) of 4.5% during the forecast period. The International Trade Administration (ITA) notes that the cosmetic industry in China has witnessed consistent growth, primarily due to the increasing number of working women and the rising demand for premium beauty products. This surge in demand for cosmetics and personal care items, including premium products, serves as a pivotal factor driving the demand for twist tube packaging in the Chinese market. As consumers in China increasingly prioritize high-quality cosmetics, the twist tube market is poised to benefit from this trend and experience sustained growth.
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The Key Players Are:
- Essel Propack Ltd.
- Berry Global Inc.
- Montebello Packaging
- Lission Packaging
- Mpack
- The Packaging Company
- Esytube
- Beauty Box Packaging
- Queenspack
- B.I Packaging
- C.L. Smith
- Sunflex metals
Key Trend Bolster the Sales of Twist Tube
- Sustainable Packaging: The increasing demand for eco-friendly packaging is driving the adoption of twist tube packaging made from recyclable materials. Consumers are more conscious of the environmental impact of packaging, and brands are responding by offering sustainable twist tube options.
- Cosmetic and Personal Care Boom: The growth of the cosmetics and personal care industry is a significant driver. Twist tubes are favored for products like lip balms, creams, and lotions, and the expansion of this industry is boosting the sales of twist tube packaging.
- Convenience and Portability: Twist tubes offer convenience and portability, making them popular for on-the-go products. Consumers appreciate the ease of use and compact design, which is driving sales across various product categories.
- Customization and Branding: Brands are using twist tube packaging to stand out on the shelves. Custom designs, colors, and branding elements are being incorporated to create unique, eye-catching packaging, which is attracting consumer attention.
- Child-Resistant Twist Tubes: For products that require safety measures, such as pharmaceuticals or certain cosmetics, child-resistant twist tube packaging is gaining popularity. This trend is contributing to increased sales, especially in regulated markets.
- Online Retail Growth: The rise of e-commerce has necessitated robust and protective packaging for shipping products. Twist tubes provide a secure and convenient option for a wide range of products sold online, further boosting sales.
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Twist Tube Market by Category
By Material Type, Twist Tube Market is segmented as:
- Plastic twist tube
- Aluminum twist tube
By Capacity, Twist Tube Market is segmented as:
- Less than 50ml
- 50 to 100ml
- 101 to 150ml
- Above 150ml
By End Use, Twist Tube Market is segmented as:
- Cosmetic
- Pharmaceuticals
- Home & Personal Care
- Food
- Other (Paints, Lubricants, etc.)
By Region, Twist Tube Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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