According to a study by Future Market Insights, during the anticipated period, the global market for twist wrap film is anticipated to reach US$ 1.5 billion in 2023 and continue to grow at a CAGR of 4.3% to reach US$ 2.2 billion by the year 2033. The top 3 nations are forecast to occupy between 25 and 30 percent of the market in 2023, which is expected to boost sales of twist wrap film.
According to the material, it is anticipated that plastic will continue to dominate the other materials used in the production of twist wrap film. Between 2023 and 2033, it is predicted that the paper market would grow by 1.5 times its current market value.
Twist Wrap Film Market: An Overview
Persistently, unimaginable quantities of confectionery products are packed daily, thus the confectionery manufacturers’ required effective packaging material which protects the products from external contamination and preserves the product’s taste. The twist wrap film is considered ideal for the packaging of confectionery products due to its outstanding characteristics.
The offering of twist wrap film such as excellent twist retention, up to 360 deg. twist, smooth run ability on printing machines, good thermal & mechanical properties, and superior surface properties make them ideal packaging choice for confectionery manufacturers.
The twist wrap film is available in transparent, metalized, pigmented/colored, gold lacquered, window and strip metalized version with different thickness. The twist wrap film is environmentally friendly and compliant with FDA and CE standard. Overall, the global twist wrap film market is expected to remain positive during the forecast period.
Download Your Guide: Explore the Rapid Growth Potential of the Twist Wrap Film Market – Get Our Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-7449
Twist Wrap Film Market: Dynamics
Innovation in the packaging industry has wide reached, particularly in food industries. Driven by the demand of for effective packaging solution the twist wrap film is expected to grow on the backbones of expansion of the confectionery industry. The superior dead fold characteristics and outstanding barrier properties of twist wrap film ensure no risk of damaging products from external contamination.
This factor is expected to gain significant attention from confectionery manufacturer and drives the growth of global twist wrap film market during the forecast period. Twist wrap film offers good printability which provides the products a glossy aesthetics look and nice sound appeal.
Also, the availability of twist wrap film in different in a variety of colors such as transparent, metalized and white, providing high visibility of the candy or chocolate. Such characteristics of twist wrap film make the products stand out and appear as key factor drives the growth of global twist wrap film market during the forecast period.
Various confectionery manufacturer is preferring twist wrap film over the cellophane and other types of films due to its highly sustainable nature and wide offering. This factor is foreseen to drive the growth of the global twist wrap film market during the forecast period.
Also, the extensive use of twist wrap film for medical applications, gift wraps, laminations, hygiene stationery, and others appears as a potential market driver during the forecast period. Hence, the global outlook for twist wrap film market foreseen to remain healthy during the forecast period.
Twist Wrap Film Market: Regional Outlook
The Western Europe region is expected to dominate the global twist wrap film market during the forecast period. The countries such as Germany and U.K. appears as twist wrap film market drivers in the Western Europe region. The Asia Pacific excluding Japan (APEJ) region is expected to follow the Western Europe region in terms of value and volume and expected to register lucrative CAGR during the forecast period. The China and India are the biggest market for twist wrap film in APEJ region.
The North America region is a significant shareholder of global twist wrap film market and expected to register healthy CAGR during the forecast period. The regions such as Latin America and Eastern Europe is expected to register notable CAGR for twist wrap film market during the forecast period.
Get In Touch With Our Team For 20% Flat Discount
Twist Wrap Film Market: Key Players
Some of the key players operating the global twist wrap film market are listed below:
- Ester Industries Limited
- Polysack Flexible Packaging Ltd.
- A&M Packaging
- Radha Madhav Corporation Ltd.
- LyondellBasell Industries Holdings B.V.
- Manish Packaging Pvt. Ltd.
- Sunpack Corporation
- Sysco Industries Limited
- KM Packaging Services Ltd.
- Swisspack New Zealand
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 an 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.
Regional Analysis Includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7449
Twist Wrap Film Market: Segmentation
On the basis of film material, the twist wrap film market is segmented into:
- Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Others
- Paper
- Metallized Films
On the basis of film thickness, the twist wrap film market is segmented into:
- Upto 16 micron
- 16 micron – 20 micron
- More than 20 micron
On the basis of applications, the twist wrap film market is segmented into:
- Confectionery Packaging
- Candy Wraps
- Lollipop Wraps
- Caramels & Bonbons
- Chocolates and Toffees
- Hard Boiled Sugar Candies
- Laminations
- Gifts Wraps
- Hygiene Stationery
- Medical Films
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
