#Pharmaceutical Caps And Closures Market Size
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Pharmaceutical Caps And Closures Market Will Grow At Highest Pace Owing To High Adoption Of Safety And Tamper Evidence Features
The pharmaceutical caps and closures market caters to the capsule-filling needs of pharmaceutical companies for packing prescribed drugs. Capsules made from gelatin help improve bioavailability and protect the drug from moisture, which enhances shelf life. Closures such as screw caps offer tamper evidence and ensure safety. The demand for such caps and closures is rising globally due to an aging population and growing prevalence of lifestyle diseases.
The Pharmaceutical Caps And Closures Market is estimated to be valued at US$ 6.4 Bn in 2024and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the pharmaceutical caps and closures market are Aptar Pharma (AptarGroup), West Pharmaceutical Services, Datwyler Sealing Solutions (Datwyler Group), Lonstroff (Sumitomo Rubber Industries), and Ompi (Stevanato Group). Aptar Pharma and West Pharmaceutical Services collectively account for over 30% of the global market share.
The rising incidence of chronic diseases and increasing generic drug production are fueling demand for pharmaceutical capsules and closures globally. As per estimates, chronic diseases affect over 100 million people in the United States. This is prompting pharmaceutical companies to ramp up production.
Technological advancements are aiding capsule delivery systems. New gelatin compositions improve solubility and bioavailability, while innovative container closure combinations offer better tamper evidence. 3D printing technology is also being explored for high-quality capsule manufacturing.
Market Trends
Sustainability initiatives - Major market players are investing in eco-friendly closure and packaging solutions made from recycled PET and plant-based polymers to reduce plastic waste.
Digitalization - Pharma companies are digitizing packaging lines with track-and-trace solutions and integrating IoT sensors for automated inspection and quality control. This improves production efficiency.
Market Opportunities
Growth in emerging markets - With rising income levels, countries like India, Brazil and China offer lucrative opportunities for pharmaceutical supplies including caps and closures.
Personalized medicines - Tailored drugs require specialized delivery via advanced capsules, thus presenting attractive opportunities, especially in the orphan drug segment.
Impact Of COVID-19 On Pharmaceutical Caps And Closures Market
COVID-19 pandemic has disrupted all markets across the globe. The Pharmaceutical Caps And Closures market was also impacted severely due to disruptions in supply chain, trade restrictions, and lockdowns imposed by various governments. During the initial lockdown phase, production and operations were halted entirely. With restricted movement of goods, shortage of raw materials occurred which hampered manufacturing. Demand also dropped significantly from pharma companies as elective procedures and non-emergency treatments were postponed.
However, as the pandemic intensified, demand from pharmaceutical sector increased manifold for drugs, vaccines and medical supplies. Manufacturers ramped up production and worked on establishing alternative supply routes to meet the growing needs. Governments also took initiatives to support pharma industry and streamline approval processes. With vaccination drives currently underway worldwide, production of caps and closures is expected to remain high. Companies are making investments in expanding capacities and digitizing operations to ensure resilience against future crises. While short term impact was negative, COVID-19 has fast tracked industry’s overall growth trajectory in long run due to emphasis on health security.
In terms of geographical regions, North America region accounts for the largest share in Pharmaceutical Caps And Closures market in value terms currently. This is attributed to presence of major pharma companies, high healthcare spending and rapid adoption of new technologies. Asia Pacific region is expected to witness fastest growth during forecast period with rising incomes, healthcare reforms and increasing generic drug manufacturing in countries like India and China which will drive demand. Europe holds second largest regional market due to advanced pharmaceutical industry and strict quality and safety norms for packaging.
The United States accounts for majority value share within North American region for Pharmaceutical Caps And Closures market. This is because US is the largest pharmaceutical market globally and spends heavily on prescription drugs and medications. India from Asia Pacific region is poised to emerge as the fastest growing country level market during forecast period 2024-2031 backed by low cost manufacturing, government initiatives for domestic industry and changing disease patterns.
Get more insights on this topic: https://www.trendingwebwire.com/pharmaceutical-caps-and-closures-market-is-estimated-to-witness-high-growth-owing-to-innovations-in-tamper-evidence-solutions/
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
What Are The Key Data Covered In This Pharmaceutical Caps And Closures Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Pharmaceutical Caps And Closures's growth between 2024 and 2031.
:- Accurate calculation of the size of the Pharmaceutical Caps And Closures and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Pharmaceutical Caps And Closures Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Pharmaceutical Caps And Closures vendors
FAQ’s
Q.1 What are the main factors influencing the Pharmaceutical Caps And Closures?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Pharmaceutical Caps And Closures companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Pharmaceutical Caps And Closures’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it
#Pharmaceutical Caps And Closures Market Trend#Pharmaceutical Caps And Closures Market Size#Pharmaceutical Caps And Closures Market Information#Pharmaceutical Caps And Closures Market Analysis#Pharmaceutical Caps And Closures Market Demand
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IBC Cap Market Size, Share, Trends, Growth and Competitive Analysis
"IBC Cap Market – Industry Trends and Forecast to 2028
Global IBC Cap Market, By Product Type (Flange, Plugs, Vent-in Plug, Vent-out Plug and Screw closure), Type (Plastic IBC, Metal IBC and Composite IBCs), Material Type (Plastics, Metal, Aluminium and Steel), End Use (Chemicals & Fertilizers, Petroleum & Lubricants, Paints, Inks & Dyes, Food & Beverage, Agriculture, Building & Construction, Healthcare & Pharmaceuticals and Mining), Application (Food And Drinks, Chemical Industry, Oil and Agriculture), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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The global IBC cap market is expected to witness significant growth over the forecast period due to the increasing demand for intermediate bulk containers (IBCs) in various industries such as chemicals, food and beverages, pharmaceuticals, and others. The IBC caps play a crucial role in ensuring the safe storage and transportation of liquid products. The market growth is also being driven by technological advancements in IBC cap designs, such as tamper-evident seals and spouts for easy dispensing. Additionally, the growing focus on sustainability and recyclability of packaging materials is further boosting the adoption of IBC caps made from eco-friendly materials.
**Segments**
- Based on material type, the IBC cap market can be segmented into plastic, metal, and others. Plastic caps are widely used due to their lightweight nature and cost-effectiveness. - By cap type, the market can be categorized into screw caps, snap-on caps, and flip-top caps. Screw caps are preferred for their secure sealing properties. - On the basis of end-user industry, the market can be divided into chemicals, food and beverages, pharmaceuticals, and others. The chemicals segment is anticipated to hold a significant market share due to the widespread use of IBCs for storing chemical products.
**Market Players**
- TPS Industrial Srl - Schuetz GmbH & Co. KGaA - Mauser Packaging Solutions - Time Technoplast Ltd - Berry Global Inc. - THIELMANN UCON AG - Precision IBC, Inc. - Peninsula Packaging LLC
These market players are actively involved in strategic initiatives such as product launches, partnerships, and acquisitions to strengthen their market presence and expand their product offerings. The competitive landscape of the IBC cap market is characterized by intense competition, prompting companies to focus on innovation and quality to gain a competitive edge.
The Asia-Pacific region is expected to witness substantial growth in the IBC cap market, driven by the rapid industrialization and the increasing adoption of IBCsThe Asia-Pacific region represents a significant growth opportunity for the global IBC cap market due to several key factors. With rapid industrialization and the expanding manufacturing sector in countries like China, India, and Southeast Asia, there is a growing demand for efficient storage and transportation solutions, including IBCs and their associated caps. The increased focus on chemical production, food processing, and pharmaceutical manufacturing in the region further fuels the need for reliable packaging solutions like IBC caps. As these industries continue to grow, the adoption of IBC caps is expected to rise, driving market expansion in the Asia-Pacific region.
Moreover, the emphasis on enhancing safety standards and ensuring product integrity is a crucial factor contributing to the growth of the IBC cap market in Asia-Pacific. Regulations regarding the safe handling and transportation of hazardous chemicals and pharmaceuticals necessitate the use of high-quality caps that can effectively seal and protect the contents of IBCs. As companies in the region strive to comply with stringent regulatory requirements, the demand for advanced and secure IBC caps is projected to increase significantly.
Additionally, the shift towards sustainability and eco-friendly practices is another trend shaping the IBC cap market in Asia-Pacific. With growing environmental concerns and increasing awareness about plastic pollution, there is a rising preference for IBC caps made from recyclable and biodegradable materials. Market players in the region are focusing on developing sustainable packaging solutions to meet the evolving consumer demands and align with global sustainability goals. This shift towards eco-friendly IBC caps not only addresses environmental concerns but also presents market players with opportunities to differentiate their offerings and attract environmentally conscious customers.
Furthermore, the competitive landscape of the IBC cap market in Asia-Pacific is characterized by the presence of both local manufacturers and international players. Local companies often have a strong understanding of regional market dynamics and customer preferences, giving them a competitive advantage in catering to specific industry needs. On the other hand, multinational companies bring technological expertise and a wide product portfolio, which can appeal to a broader customer base seeking innovative and**Global IBC Cap Market, By Product Type**
- Flange - Plugs - Vent-in Plug - Vent-out Plug - Screw closure
**Type**
- Plastic IBC - Metal IBC - Composite IBCs
**Material Type**
- Plastics - Metal - Aluminium - Steel
**End Use**
- Chemicals & Fertilizers - Petroleum & Lubricants - Paints, Inks & Dyes - Food & Beverage - Agriculture - Building & Construction - Healthcare & Pharmaceuticals - Mining
**Application**
- Food And Drinks - Chemical Industry - Oil and Agriculture
The Global IBC Cap market is experiencing significant growth due to the rising demand for intermediate bulk containers across various industries. Plastic caps are increasingly preferred for their lightweight and cost-effective nature, driving market growth within the material type segment. Screw caps, known for their secure sealing properties, dominate the cap type category. The chemicals segment is anticipated to hold a substantial market share among end-user industries, attributed to the widespread use of IBCs for chemical storage. The market players in the industry are focusing on strategic initiatives like product launches and partnerships to enhance their market presence and offerings. The competitive landscape is intense, spurring companies to innovate and prioritize quality for a competitive advantage.
In Asia-Pacific, the IBC cap market is poised for robust growth fueled by rapid industrialization and the expanding manufacturing sector, particularly in countries like China,
Countries Studied:
North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Key Coverage in the IBC Cap Market Report:
Detailed analysis of IBC Cap Market by a thorough assessment of the technology, product type, application, and other key segments of the report
Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
Comprehensive analysis of the regions of the IBC Cap industry and their futuristic growth outlook
Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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Inverted Squeeze Bottle Market Insight | Outlook | Growth Analysis Report 2030
Inverted Squeeze Bottle Market Report has recently added by Value Market Research, this surveillance report establishing the facts based on current scenarios, historical records from 2022 to future forecast upto 2030. This report explicit data of various outlook such as market share, size, growth rates, and industry opportunities and offering an economical advantage for business success. It furnish the 360-degree overview of the competitive landscape of the global industries. Porter’s Five Forces Model analysis has been used to understand the industry’s structure, strength, weaknesses, opportunities, threats and challenges in front of the businesses. Moreover, the report also highlights a sudden occurrence of COVID 19 impact on Inverted Squeeze Bottle market to improve future capacities and other developments.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the inverted squeeze bottle market include Genesis Industries, Inc., IonWays, LLC, Midland Manufacturing Company, Inc., Kyoraku Co., Ltd., The Original Squeeze Company, Suzhou Innovation Packaging Materials Co.,Ltd, Illing Company, Inc., Kaufman Container Company etc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The growing utilization of squeeze bottles in several industries such as food, drinks, healthcare, and personal care, pharmaceuticals, and so on is the major factor driving the inverted squeeze bottle market. The huge benefits are associated with squeeze bottles, such as it leaves less waste, Better control of food quantity, Easy fit into refrigerator door shelves, and require less space in the refrigerator, which might create high market demand in the coming years across the food industry. The rising popularity of fast food and Italian food like pasta and pizza among consumers across the globe is positively impacting the inverted squeeze bottle market’s growth. Moreover, the rapidly growing food and beverage industry across the globe is likely to create lucrative growth opportunities for key players of the Inverted squeeze bottle market in the coming years.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of inverted squeeze bottle. The growth and trends of inverted squeeze bottle industry provide a holistic approach to this study.
Browse Global Inverted Squeeze Bottle Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/inverted-squeeze-bottle-market
Market Segmentation
This section of the inverted squeeze bottle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Closure Type
Flip Top Cap
Plug Orifice Cap
Screw Cap
Others
By Material Type
Polyethylene Terephthalate (Pet)
Polypropylene (Pp)
High Density Polyethylene (Hdpe)
Others
By Capacity
Up To 100 Ml
100 Ml To 250 Ml
250 Ml To 500 Ml
500 Ml To 750 Ml
Above 750 Ml
By End Use Industry
Food & Beverages
Automobile
Personal Care & Hygiene
Healthcare & Pharmaceutical
Chemicals
Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Inverted Squeeze Bottle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.
We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.
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#Inverted Squeeze Bottle Market#Inverted Squeeze Bottle Market Report#Inverted Squeeze Bottle Industry#Inverted Squeeze Bottle Industry Report
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Pharmaceutical Packaging Market Challenges, Strategies And Forecast Report 2024 - 2030
The global pharmaceutical packaging market size was valued at USD 139.37 billion in 2023 and is expected to grow a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030.
The enormous growth of the pharmaceutical sector is one of the primary growth factors for the pharmaceutical packaging sector. The pharmaceutical business has been expanding quickly in recent years due to scientific and technological advancements, and this trend is predicted to continue over the projection period, particularly in developing nations like China, India, Saudi Arabia, and Brazil.
The U.S. accounted for the largest pharmaceutical market worldwide. Large healthcare system, high per capita income, and large investments in drug development in the country are some of the key factors driving the U.S. market. Furthermore, growing importance of generic drugs and access to better healthcare services are anticipated to provide lucrative opportunities for pharmaceutical packaging in the coming years. The 21st Century Cures Act (Cures Act) was signed on December 13, 2016, in the U.S. and is designed to accelerate medical product development. The law is expected to drive new innovations in product developments in pharmaceutical industry. This is expected to drive the demand for pharmaceutical packaging in U.S.
Gather more insights about the market drivers, restrains and growth of the Pharmaceutical Packaging Market
Pharmaceutical Packaging Market Report Highlights
• Asia Pacific is expected to register the fastest CAGR of more than 12% from 2024 to 2030. This growth is due to the rapidly expanding pharmaceutical market, particularly in China & India, and rising cases of various diseases, such as cancer and heart problems
• In terms of material, the glass segment is projected to ascend at the highest CAGR of 10.3% over the forecast period. Strong chemical resistance to various medicinal products and the ability to withstand heating treatment during the sterilization process is expected to expand the penetration of glass packaging
• Pharma manufacturing is the key end-use segment that accounted for the highest share of 49.9% in 2023 and is expected to witness strong growth from 2024 to 2030. This is owing to the increasing demand for medicines.
• In April 2022, Amcor has launched new and more sustainable High Shield laminates to its pharmaceutical packaging portfolio. This is low carbon, recycle-ready, and moisture resistant packaging solution, thus end use companies’ recyclability agendas
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
• The global flexible paper packaging market size was estimated at USD 50.35 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030.
• The global seaweed packaging market size was valued at USD 699.23 million in 2023 and is expected to expand at a CAGR of 6.6% from 2024 to 2030.
Pharmaceutical Packaging Market Segmentation
Grand View Research has segmented the pharmaceutical packaging market on the basis of on material, product, drug delivery mode, end-use, and region:
Pharmaceutical Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Plastics & Polymers
o Polyvinyl Chloride (PVC)
o Polypropylene (PP)
o Homo
o Random
o Polyethylene Terephthalate (PET)
o Polyethylene (PE)
o HDPE
o LDPE
o LLDPE
o Polystyrene (PS)
o Others
• Paper & Paperboard
• Glass
• Aluminium Foil
• Others
Pharmaceutical Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)
• Primary
o Plastic Bottles
o Caps & Closures
o Parenteral Containers
o Syringes
o Vials & Ampoules
o Others
o Blister Packs
o Prefillable Inhalers
o Pouches
o Medication Tubes
o Others
• Secondary
o Prescription Containers
o Pharmaceutical Packaging Accessories
• Tertiary
Pharmaceutical Packaging Drug Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)
• Oral Drugs
• Injectables
• Topical
• Ocular/ Ophthalmic
• Nasal
• Pulmonary
• Transdermal
• IV Drugs
• Others
Pharmaceutical Packaging End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Pharma Manufacturing
• Contract Packaging
• Retail Pharmacy
• Institutional Pharmacy
Pharmaceutical Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Turkey
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Southeast Asia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
o Egypt
Order a free sample PDF of the Pharmaceutical Packaging Market Intelligence Study, published by Grand View Research.
#Pharmaceutical Packaging Market#Pharmaceutical Packaging Market size#Pharmaceutical Packaging Market share#Pharmaceutical Packaging Market analysis#Pharmaceutical Packaging Industry
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Plastic Caps and Closures Market Size, Type, segmentation, growth and forecast 2023-2030
Plastic Caps and Closures Market Scenario and Scope
Plastic Caps and Closures are essential packaging components used to seal bottles, jars, and containers across various industries. These caps and closures ensure the safety and preservation of the contents, making them crucial in sectors such as beverages, pharmaceuticals, personal care, and more. The global Plastic Caps and Closures Market was valued at USD 16.90 billion in 2022 and is projected to reach USD 23.60 billion by 2030, registering a CAGR of 4.90% during the forecast period. The market's growth is driven by increasing consumer demand for convenience in packaging and the expansion of the packaging industry, particularly in emerging economies within the Asia Pacific region.
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Market Trends Influencing the Plastic Caps and Closures Market
Rising Demand for Convenient Packaging Solutions: The growth in consumer preference for packaging that offers ease of use, along with enhanced safety features, is a significant driver of the Plastic Caps and Closures Market.
Expansion of the Packaging Industry: With the continuous growth of the packaging industry, particularly in sectors like beverages and personal care, the demand for plastic caps and closures is on the rise.
Growth in Emerging Economies: The Asia Pacific region, led by countries like China and India, is expected to dominate the market due to rapid industrialization, urbanization, and increasing disposable incomes.
Sustainability Trends: Increasing environmental awareness is pushing manufacturers to innovate with more sustainable materials and designs, impacting the market dynamics.
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Plastic Caps and Closures Segment Analysis
Plastic Caps and Closures Market, by Type:
PP (Polypropylene) Caps and Closures
PE (Polyethylene) Caps and Closures
Handheld Plastic Caps and Closures
PP and PE caps and closures are expected to lead the market due to their widespread use in various applications, including beverages, pharmaceuticals, and personal care products. These materials are favored for their durability, flexibility, and cost-effectiveness, making them suitable for a broad range of packaging solutions.
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Plastic Caps and Closures Market, by Application:
Beverage Industry
Pharmaceutical Industry
Personal Care Products
Pharma and Healthcare
Others
The beverage industry holds the largest share of the Plastic Caps and Closures Market, driven by the increasing consumption of bottled water, soft drinks, and other beverages. The pharmaceutical industry also represents a significant market segment due to the need for secure and tamper-evident packaging for drugs and medical products.
Plastic Caps and Closures Competitive Analysis
Bericap
Closure Systems International
Berry Global
Aptar Group
Silgan
ALPLA
THC
Mold Rite Plastics
Oriental Containers
Zijiang
Jinfu
ZhongFu
Blackhawk Molding
Mocap
The competitive landscape of the Plastic Caps and Closures Market is marked by the presence of key players like Berry Global, Closure Systems International, and Silgan. These companies are focusing on innovation, strategic mergers, and expanding their product portfolios to maintain their market positions. The Asia Pacific region is a significant growth area for these companies due to the rising demand for packaging solutions in the region.
Regulatory and Legal Factors
Regulatory and legal factors are crucial in the Plastic Caps and Closures Market, particularly in ensuring product safety, environmental compliance, and adherence to industry standards. Key regulations include:
FDA Regulations: In the U.S., plastic caps and closures used for food and pharmaceuticals must comply with FDA standards to ensure they are safe for use.
EU Regulations: The European Union mandates strict guidelines regarding the use of materials in food packaging, ensuring they do not pose any health risks.
Environmental Regulations: With growing concerns over plastic waste, regulations such as the EU's Single-Use Plastics Directive and various national laws are pushing for the use of recyclable and eco-friendly materials in plastic caps and closures.
ISO Certifications: These standards ensure that products meet global quality and safety requirements, which is crucial for market acceptance and competitiveness.
Compliance with these regulations is essential for market players to avoid legal challenges and maintain their reputation. Companies are increasingly focusing on sustainable practices and eco-friendly materials to align with global environmental goals and consumer expectations.
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Asia-Pacific Metal Packaging Coatings Market - Forecast(2024 - 2030)
Asia-Pacific Metal Packaging Coatings Market Overview
Asia-Pacific Metal Packaging Coatings Market size is forecast to reach US$1,990.4 million by 2027, after growing at a CAGR of 7.3% during 2022-2027. The preference for metal food & beverage containers in the Asia-Pacific region has been increasing rapidly, owing to its range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging. The development of new coating technologies which include Bisphenol A non-intent (BPA-NI) coatings are further fueling the growth of the market in the Asia-Pacific region. Moreover, increasing demand for metal packaging coatings from the pharmaceutical industry are further accelerating the growth of the market in the Asia-Pacific region. Also, strict regulations regarding the use of plastics in various countries across the Asia-Pacific region along with increasing product launches and developments associated with metal packaging is expected to increase the demand for metal packaging coatings for use in various end-use industries over the forecast period.
Covid-19 Impact
The COVID-19 outbreak led to major economic problems and challenges for the food & beverage, pharmaceutical, cosmetic, and other industries in the Asia-Pacific region. According to the International Monetary Fund (IMF), the GDP growth of the Asia declined by 1.3% and Australia by 2.4% as indicated in the graphs, owing to the economic impact of COVID-19. The governments all across the Asia-Pacific region announced strict measures to slow the spread of the coronavirus and only the production of essential commodities were allowed, which impacted the non-essential commodity industries, thereby impacting the production of metal packaging coatings as well. However, economic stimulus packages allotted for multiple sectors in the Asia-Pacific region and the start of industrial production activities since 2021 is improving the metal packaging coatings market growth in the Asia-Pacific region by its increasing utilization in various industries.
Report Coverage
The report: “Asia-Pacific Metal Packaging Coatings Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Asia-Pacific metal packaging coatings industry.
By Packaging Types: Food (2 piece and 3 piece), Caps & Closure (External and Internal), and General Line (External and Internal) By Coating Types: Water based, Solvent based, and Powder based. By Resins Type: Acrylic, Fluoropolymer, Urethanes, Epoxy (BPA and Non-BPA), Amines, and Others. By Application: Food (Sea Food, Meat, Infant Nutrition & Dairy, Vegetables, Catering, Biscuits, Cookies & Confectionary, Fats & Oils, Toppings, and Others), Pharmaceutical, Cosmetics, Personal Care, and Others. By Country: China, Japan, Thailand, Vietnam, India, Indonesia, Malaysia, and Rest of Asia-Pacific.
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Key Takeaways
China dominated the Asia-Pacific Metal Packaging Coatings Market in the year 2021. One of the key drivers driving the market is increasing use of metal packaging in food products such as fruits, vegetables, infant nutrition & dairy, bakery, and other similar products in order enhance the durability of metal packaging.
Increasing product launches for phenolic resins that are primarily used in a wide range of metal packaging coatings employed in food, pharmaceuticals, and other applications which require a smooth, durable, and spotless finish, has driven the market growth. For instance, In June 2020, companies such as Allnex GMBH, which has its presence in the Asia-Pacific region launched its new eco-friendly phenolic resin for use in BPAni application for metal packaging coatings.
Strict environmental regulations are driving metal packaging coating manufacturers in the Asia-Pacific region to adopt environmentally conscious practices, thus, the demand for water-based coatings are increasing significantly in the region.
Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Coating Types
The water based coating segment held the largest share in 2021 and is expected to grow at a CAGR of 8.2% by 2027. Water-based coating is an environmentally friendly surface treatment that disperses the resin used in the coatings using water as a solvent. They have a high degree of flexibility and reduce moisture and solar radiation absorption, thereby, resulting in fewer solvent emissions. The VOC (Volatile Organic Compounds) content in the water-based coating is significantly low, and since there are regulations restricting the high VOC content in Asia-Pacific is resulting in its increasing adoption by metal packaging coating manufacturers based in the region. For instance, in 2021, China launched its 14th Five-Year Plan, the chemical sector refocused its environmental protection goals on low-carbon transformation and comprehensive control of VOC emissions, as well as a considerable emphasis on encouraging low VOC products. Furthermore, as compared to solvent-based coatings, water-based coatings for metal packaging require less coating to cover the same surface area, cost less, and do not require any additives, thinners, or hardeners because they provide higher adherence. Thus, water-based barrier coatings are utilized to protect the metal packaging from external and internal effects by sealing the substrate surface.
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Asia-Pacific Metal Packaging Coatings Market Segment Analysis - By Application
Food sector held the largest share with 66% in the Asia-Pacific Metal Packaging Coatings Market in 2021 and is anticipated to grow at a CAGR of 7.4% during the forecast period 2022-2027. Metal packaging cans, containers, tins, and more are utilized for the packaging of the food because these types of packaging maintain the food filling's flavors and nutritional content ranging from months to several years. However, the direct contact between the metal packaging and food content filled inside the cans and other types of packaging are not safe. The direct contact between metal and food can degrade the food content, owing to this food-friendly coating are applied to safeguard the packaged food from corroding metal. The shifting the focus of Asia-Pacific packaging manufacturers from plastic to metal is expected to drive up the demand for metal packaging coatings for food cans. This is further projected to expand the market growth in the Asia-Pacific region. According to UACJ Corporation, between 2019 and 2022, global demand for aluminium used in cans will rise 11% to 6.61 million tons per year. Southeast Asian countries are likely to account for half of that demand, according to the report. Thus, rising demand for cans will accelerate the production for aluminium cans, which further benefits the metal packaging coatings demand.
Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Country
China dominated the Asia-Pacific Metal Packaging Coatings Market in terms of revenue with a share of 59% in 2021 and is projected to dominate the market during the forecast period (2022-2026). In China, the metal packaging coatings market is fueled by the growth of the country’s food & beverage sectors. For instance, according to the China Chain Store & Franchise Association, China’s food and beverage sector was valued at around US$ 595 billion in 2019, an increase of 7.8% in comparison to 2018. Metal cans offer a range of benefits such as better food protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. In August 2020, ORG technology, the Chinese manufacturer of food cans, launched its white paper on the strategic development of food cans. The company focused on coated iron metal cans with moisture-proof, environmental protection, safety, corrosion resistance, anti-extrusion, and other characteristics to gain traction in the market. In this way, such increasing food production along with the development of food cans in China, owing to its various benefits as mentioned above, is expected to increase the demand for metal packaging coatings to further enhance the durability of such food cans. This is expected to accelerate the growth of the market in China during the forecast period.
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Asia-Pacific Metal Packaging Coatings Market Driver
Increasing Preference for Metal Containers in Food & Beverage Sector
Metal packaging coatings are primarily used to coat different metals such as steel, aluminum, tin-plate, and more that are used for food & beverage packaging in order to enhance its ability to resist corrosion. Metal containers offer a range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. For instance, vegetables, fruits, pet food, soups, and meats are often packaged in metal cans. Canning foods help prolong their shelf life and can help people afford to make healthy dietary choices. Similarly, soda, beer, and even wine are usually packaged in aluminum cans since aluminum beverage cans are the most recycled category for aluminum products, with nearly 50 percent of all cans recycled annually. Thus, all of these benefits of metal containers are driving its demand over other types of packaging. As a result, many companies in the Asia-Pacific region have begun packaging their food & beverages in metal containers. For instance, in February 2021, Responsible Whatr, a brand based in India, launched spring water in aluminum beverage cans made by Ball Corporation, a leading manufacturer of aluminum packaging. The company intends to create a brand that signifies sustainability and become a significant contributor to the circular economy. In July 2020, Showa Aluminum Can Corporation (SAC), metal packaging manufacturer, launched its third aluminum can manufacturing facility in Vietnam with an overall plant capacity of 1.3 billion cans per year in order to meet the growing demand for metal packaging from the food & beverage sectors of the country. Thus, such increasing preference and use of metal containers in the Asia-Pacific region are expected to increase the demand for metal packaging coatings to further enhance the durability of the metal containers, thus, accelerating the growth of the market in the Asia-Pacific region.
Growing Demand from the Pharmaceutical Industry
Metal packaging coatings are primarily used in the pharmaceutical industry in order to provide protection to the metal from atmospheric corrosion and support decoration, labeling, and consumer information. Its range of benefits such as impermeability to light, moisture, gases, and water, durability, light-weight, and ease of printing labels directly onto the metal surface make them ideal for use in the pharmaceutical industry. Thus, an increase in pharmaceutical production in the Asia-Pacific region is expected to drive the market growth during the forecast period. According to Vietnam’s Ministry of Health, the pharmaceuticals industry is expected to grow at the rate of 10% per year from 2017 to 2028, owing to an increase in pharmaceutical production and sales in the country. Also, according to International Trade Administration, the local pharmaceutical production in Japan reached up to US$59,958 in 2017, US$62,570 in 2018, US$87,027 in 2019, and US$84,600 in 2020 respectively. thus, indicating an increase in pharmaceutical production in Japan per year. An increase in pharmaceutical production is expected to drive the demand for metal packaging coatings in the pharmaceutical industry, thus accelerating the growth of the market in the upcoming years.
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Asia-Pacific Metal Packaging Coatings Market Challenges
Volatility of Raw Material Prices
Primary raw materials including resins, solvent, and more used in the production of metal packaging coatings are derived from crude oil. As a result, fluctuations in the prices of crude oil in the Asia-Pacific region may hinder the growth of the market. For instance, India’s Crude Oil Basket (COB) reached US$19.90 per barrel, which was the lowest record since February 2002. During the first 11 months of the year 2020-21, the average annual price of India’s COB was around US$42.72 per barrel, which decreased by 30% than the average COB price in 2019-20. Likewise, as per revised estimates for 2020-21, the COB has increased by around 35% from its initial budget estimate. Since October 2021, Vietnam has also witnessed a spike in demand for crude oil. According to the oil price, the price of light crude oil exceeded US$94.38 per barrel in February 2022, an increase of 3.63% that is equivalent to US$3.3, the highest record since November 2014. Similarly, the price of Brent crude oil also increased and reached up to US$95.39 per barrel, an increase of 1.98% which is equivalent to US$1.85.
Asia-Pacific Metal Packaging Coatings Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Asia-Pacific Metal Packaging Coatings Market. Asia-Pacific metal packaging coatings top 10 players include:
The Sherwin Williams Company
PPG Industries Inc.
AkzoNobel N.V.
Kansai Paint Co., Ltd.
Altana AG (Actega)
Henkel AG & Co. KGaA
Axalta Coating Systems Ltd.
Eason & Co.
Toyochem Co., Ltd.
Kangnam Jevisco Co., Ltd. and Others.
Recent Developments
In June 2021, AkzoNobel has invested in research and development activities associated with packaging coatings. The research is primarily focused on development of a new, and recyclable coating through use of bio-derived polyelectrolytes. These polyelectrolytes are 100% natural and are extracted from shrimp shells or waste from the wood processing industry. The versatility of natural polyelectrolytes will allow the company to become less dependent on synthesized polymers for packaging coatings.
In May 2021, ALTANA completed its acquisition of the closure materials business of Henkel group, a chemical and consumer goods manufacturing company with a strong regional presence in the Asia-Pacific region. Within the ALTANA Group, the business will be integrated into the ACTEGA division and globally assigned to the metal packaging solutions business line including the Asia-Pacific region. The main objective of this acquisition is to strengthen the company’s focus on innovative specialty chemicals.
In March 2021, Toyochem launched a new line of Bisphenol A non-intent (BPA-NI) internal coatings for metal beverage bottles and cans. These coatings are based on acrylic emulsion and polyester resins. The new BPA-NI internal sprays and coil coatings for stay-on tab (SOT) ends are specially formulated to achieve the required performance results, while addressing BPA-related health and food safety concerns from regulators and consumers in the Asia-Pacific region and worldwide.
#Asia-Pacific Metal Packaging Coatings Market#Asia-Pacific Metal Packaging Coatings Market Share#Asia-Pacific Metal Packaging Coatings Market Size#Asia-Pacific Metal Packaging Coatings Market Forecast
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Why Choose the Seppa Solutions Rinser Filler Capper Machine for Your Business?
We at Seppa Solutions recognize how vital efficiency and dependability are to the day-to-day operations of your company. With its unparalleled speed and accuracy in packaging solutions, our Rinser Filler Capper (RFC) Machine is destined to transform your production line. Our RFC Machine redefines automation and quality control for food, beverage, pharmaceutical, and cosmetics businesses.
Unparalleled Technology and Innovation
Advanced Rinser Technology
Modern rinser machine, included in the Seppa Solutions RFC Machine, guarantees that containers are thoroughly cleaned before filling. With configurable settings for various bottle kinds and sizes, our equipment ensures hygienic compliance while reducing maintenance downtime.
Precision Filling Capabilities
Our RFC Machine, equipped with precision fillers, provides precise measurements with each cycle. This accuracy is essential for preserving product quality and cutting waste, which will maximize your manufacturing expenses. Our equipment meets the highest industry standards by ensuring exact filling amounts, whether you're bottling pharmaceutical liquids, juices, sauces, or water.
Reliable Capping Mechanism
The capping process in our RFC Machine is designed to be reliable and efficient. Our adaptable capping system suits several closure types, from screw caps to press-on caps, without sacrificing seal integrity. This function is crucial for maintaining consumer happiness, adhering to regulations, prolonging the shelf life of products, and preventing leakage.
Key Features of Seppa Solutions RFC Machine
Modular Design for Scalability
Our RFC Machine is developed in a modular manner, allowing for seamless integration into existing manufacturing lines. You can modify our machine to match your unique throughput needs without compromising the effectiveness of your workflow, regardless of your size as a startup or established company.
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The Seppa Solutions rinser filler capper machine is constructed with tough materials and precision engineering to sustain prolonged operation in harsh settings. Its longevity maximizes your return on investment over the machine's lifecycle by reducing maintenance expenses and downtime.
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Accurate dosage and strict adherence to cleanliness regulations are requirements in the pharmaceutical and cosmetics manufacturing industries. The cGMP-compliant Seppa Solutions RFC Machine provides accurate filling and sterile rinsing to protect product integrity and regulatory compliance.
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PET Packaging Market Growth 2024 Growth, Trends, Analysis and Forecast by 2031
PET Packaging Market Growth Scope & Overview
A comprehensive research analysis of the PET Packaging Market Growth, which has been included in the research report, provides data on the industry's market size and growth patterns for the forecast year. Major market aspects such as the demand landscape, driving drivers, and industry competitors' growth strategies are all evaluated in this report. The study's purpose is to forecast market sizes for the next eight years by estimating market sizes for major sectors and areas in prior years. In each of the study's regions and countries, the report is organized to incorporate both qualitative and quantitative characteristics of the industry.
The research also contains in-depth information on crucial areas such as driving forces and roadblocks that will impact the future growth of the PET Packaging industry. The study will also cover accessible opportunities for stakeholders to invest in micro markets, as well as a thorough evaluation of the competitive environment and key rivals' product offerings.
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Market Key Players:
CCL Industries Inc, ProAmpac LLC, Novolex Holdings LLC, Sealed Air Corporation, Berry Global Group, Mondi Group, Gerresheimer AG, Clondalkin Group, Huhtamaki Oyj, Constantia Flexiles Group GmbH, and other players.
Market Segmentation
The research contains a comprehensive and in-depth analysis of the industry, with an emphasis on global market trends. The purpose of the study is to provide readers with a high-level overview of the industry as well as detailed market segmentation by type, end use, and geography. The research includes critical market information, significant industry trends, and opportunities, as well as statistics on the market position of the PET Packaging market players. The report uses both qualitative and quantitative data to provide a complete overview of the sector. It provides a high-level overview of the global market as well as forecasts for key segments.
By Packaging Type
Rigid
Flexible
By Product Type
Cans & Container
Bottle & Jars
Bags & Pouches
Caps & Closures
Trays, Films & Wraps
Others
By End users
Agriculture
Automotives
Pharmaceuticals
Food & Beverages
Others
Regional Analysis
The study's purpose is to forecast future market sizes for specific categories and geographies based on recent market numbers. In each of the study's locations and nations, the PET Packaging market research is constructed to cover both qualitative and quantitative information of the sector. Furthermore, the study provides in-depth analysis of crucial areas such as driving forces and roadblocks that will define the market's future development. The study will also provide accessible micro market investment prospects for stakeholders, as well as a comprehensive examination of the competitive landscape and major rivals' product offerings.
Competitive Outlook
The research also includes company profiles, SWOT analyses, and market strategies to assist businesses in gaining a foothold in the PET Packaging market. The study also contains data on major industry players, such as business profiles, components and services offered, financial statistics, and noteworthy developments. Market participants can use these crucial insights to rethink their current strategy and develop new ones.
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Innovating Solutions: Plastic Cans Manufacturers in Mumbai
Plastic Cans Manufacturers in Mumbai are companies that specialize in the production of plastic containers or cans for various purposes. These plastic cans are commonly used for storing and transporting liquids, powders, chemicals, and other materials in industries such as food and beverage, pharmaceuticals, chemicals, cosmetics, and more.
Plastic cans manufacturers utilize various processes and technologies to create plastic cans that meet the specific requirements and standards of their customers. These processes may include injection molding, blow molding, or extrusion, depending on the type and size of the plastic cans being produced.
The plastic cans manufactured by these companies come in a wide range of sizes, shapes, and designs to accommodate different applications. They may feature various closures such as screw caps, snap-on lids, or tamper-evident seals to ensure secure containment of the contents.
Plastic cans offer several advantages over other types of containers, including:
Durability: Plastic cans are lightweight yet durable, making them suitable for both indoor and outdoor use. They are resistant to corrosion, rust, and degradation from exposure to sunlight or harsh environmental conditions.
Versatility: Plastic cans can be designed to accommodate a wide range of products, including liquids, powders, granules, and solids. They are available in various shapes and sizes to suit different packaging needs.
Cost-effectiveness: Plastic cans are often more affordable than other packaging materials such as glass or metal. They are also lightweight, which helps reduce shipping costs and environmental impact.
Customization: Plastic cans manufacturers can customize the design, color, and labeling of plastic cans to meet the branding and marketing requirements of their customers. This allows businesses to create unique packaging solutions that stand out on store shelves.
Plastic cans manufacturers in Mumbai play a vital role in providing cost-effective, durable, and versatile packaging solutions for businesses across various industries. Whether for storing food products, chemicals, pharmaceuticals, or other materials, plastic cans offer a reliable and efficient packaging option that meets the diverse needs of modern businesses.
Welcome to our premier plastic cans manufacturing facility in Mumbai, where innovation meets reliability. As one of the leading plastic plugs manufacturers in Mumbai, we take pride in delivering high-quality plastic cans that cater to a diverse range of industries and applications.
At our manufacturing plant, we utilize state-of-the-art technology and cutting-edge processes to produce plastic cans that meet the highest standards of quality, durability, and functionality. From storage and transportation to packaging and distribution, our plastic cans are designed to meet the needs of our customers while adhering to strict quality control measures.
What sets us apart as the best Plastic Plugs Manufacturers in Mumbai is our commitment to innovation and customization. We understand that every industry and application has unique requirements, which is why we offer a wide range of customization options to tailor our plastic cans to your specific needs. Whether you need custom sizes, shapes, colors, or features, our team of experts will work closely with you to develop a solution that meets your exact specifications.
Moreover, we prioritize sustainability and environmental responsibility in our manufacturing processes. Our plastic cans are made from recyclable materials and manufactured using eco-friendly practices, minimizing waste and reducing our carbon footprint. We believe in creating products that not only meet the needs of our customers but also contribute to a healthier and more sustainable planet.
In addition to plastic cans, we also specialize in manufacturing plastic plugs and Plastic Caps Manufacturers in Mumbai. Our plastic plugs and caps are designed to provide secure sealing and protection for a variety of applications, from industrial machinery and equipment to consumer products and packaging.
Whether you're looking for plastic cans, plugs, caps, or other plastic products, you can trust our team of experienced professionals to deliver reliable solutions that meet your needs and exceed your expectations. With our commitment to quality, innovation, and sustainability, we're proud to be your trusted partner for all your plastic manufacturing needs in Mumbai.
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#Plastic Cans Manufacturers in Mumbai#Plastic Plugs Manufacturers in Mumbai#Plastic Caps Manufacturers in Mumbai
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#Pharmaceutical Caps And Closures Market Trend#Pharmaceutical Caps And Closures Market Size#Pharmaceutical Caps And Closures Market Information#Pharmaceutical Caps And Closures Market Analysis#Pharmaceutical Caps And Closures Market Demand
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Aluminum Caps and Closures Market May Set New Growth Story
Advance Market Analytics added research publication document on Worldwide Aluminum Caps and Closures Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Aluminum Caps and Closures market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2022 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Crown Holdings, Inc. (United States), Aludium (Netherlands), Silgan Holdings. (United States), Amcor (Australia), Guala Closure (Luxembourg), Alcopack (Germany), Herti JSC (Bulgaria), Torrent Closures (Spain), Federfin Tech S.R.L (Italy), Osias Berk (United States), ITC Packaging (United States), Alameda Packaging (United States), Alutop (India), Helicap Closures (China). Get free access to Sample Report in PDF Version along with Graphs and Figures @ https://www.advancemarketanalytics.com/sample-report/116483-global-aluminum-caps-and-closures-market
Aluminum caps are the metal used to cover or seal the top opening of the products which include jars, bottles and containers. Aluminum cap safeguard and preservation of product within the containers and prevent them from leakage and spoilage. Aluminum caps are produced depending upon the application which can differ from sizes and closures type. The aluminum cap provides the inflexibility and maximum sealing benefits depending upon the usage. It is a vastly preferred alternative that exhibits metal shading finishing in nourishment, as well as refreshment industry. The demand for aluminum caps and closures is higher in simple opening and apportion due to its composed framework that enables products to alter clear and tyke safe bundling.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Aluminum Caps and Closures Market various segments and emerging territory. Influencing Market Trend
Increase in Demand for High-Quality Healthcare Products
Market Drivers
Increasing Demand for Packaged Food to Drive the Market
Shift toward Convenient, Safe, and Sustainable Packaging to Drive The Market
Opportunities:
Growing Demand Due To the Growth of Beverage and Pharmaceutical Sectors
Have Any Questions Regarding Global Aluminum Caps and Closures Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/116483-global-aluminum-caps-and-closures-market Analysis by Type (Roll-On Pilfer-Proof Caps, Easy-Open Can Ends, Spout Closures, Others), Industry Vertical (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Others), Distribution Channel (Online, Offline), Style (Printed, Plain)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [Crown Holdings, Inc. (United States), Aludium (Netherlands), Silgan Holdings. (United States), Amcor (Australia), Guala Closure (Luxembourg), Alcopack (Germany), Herti JSC (Bulgaria), Torrent Closures (Spain), Federfin Tech S.R.L (Italy), Osias Berk (United States), ITC Packaging (United States), Alameda Packaging (United States), Alutop (India), Helicap Closures (China)]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players The regional analysis of Global Aluminum Caps and Closures Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028. Table of Content Chapter One: Industry Overview Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis Chapter Three: Production Market Analysis Chapter Four: Sales Market Analysis Chapter Five: Consumption Market Analysis Chapter Six: Production, Sales and Consumption Market Comparison Analysis Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis Chapter Eight: Competition Analysis by Players Chapter Nine: Marketing Channel Analysis Chapter Ten: New Project Investment Feasibility Analysis Chapter Eleven: Manufacturing Cost Analysis Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/116483-global-aluminum-caps-and-closures-market Highlights of the Report • The future prospects of the global Aluminum Caps and Closures market during the forecast period 2023-2028 are given in the report. • The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report. • The emerging technologies that are driving the growth of the market are highlighted in the report. • The market value of the segments that are leading the market and the sub-segments are mentioned in the report. • The report studies the leading manufacturers and other players entering the global Aluminum Caps and Closures market. Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. Contact US : Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 [email protected]
#Global Aluminum Caps and Closures Market#Aluminum Caps and Closures Market Demand#Aluminum Caps and Closures Market Trends#Aluminum Caps and Closures Market Analysis#Aluminum Caps and Closures Market Growth#Aluminum Caps and Closures Market Share#Aluminum Caps and Closures Market Forecast#Aluminum Caps and Closures Market Challenges
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Market Overview: Understanding the Global Spout Pouch Market
A comprehensive analysis of the Global Spout Pouch Market for the projected period from 2022 to 2030 is presented in Astute Analytica's latest research report.
The global spout pouch market was estimated at US$ 21,784.2 Mn in 2021 and is expected to arrive at US$ 40,266.7 Mn by 2030. The market is estimated to register a CAGR of 7.3% during the forecast period 2022-2030.
Access the Comprehensive PDF Market Research Analysis Report Here: https://www.astuteanalytica.com/request-sample/spout-pouch-market
The market research provides statistics and information on investment structure development, technological advancements, market trends and developments, capabilities, and in-depth details on the major market participants.
The study report provides an overview of the Global Spout Pouch Market. This section offers the perspectives of important participants, a review of the sector, an outlook across important regions, financial services, and a variety of market concerns. This section is dependent on the study's scope and report guidelines. The key market players are described in detail in the research based on their market share, markets served, products, applications, geographical growth, and other characteristics.
Leading Key Players
The key players are Amcor Ltd., Sonoco Products Company, Mondi Group, ProAmpac, Smurfit Kappa Group, Bischof & Klein GmbH & Co. KG, Bemis Company, Glenroy Inc., Printpack Inc., Coating Excellence International, Color Flex, Winpak Ltd. and Logos Pack and Sealed Air Corp. among others.
Explore the Complete Comprehensive Report Here: https://www.astuteanalytica.com/industry-report/spout-pouch-market
Segmentation Overview
Global Spout Pouch market is segmented based on product, component, pouch size, material, closure type, end user and region. The global spout pouch market is sub-divide into various categories, such as-
By Product:
Beverages
Syrups
Energy Drinks
Cleaning Solutions
Oils
Liquid soaps
Baby food
Others
By Component:
Cap
Straw
Film
Others
By Pouch Size
Less Than 200 ML
200 To 500 ML
500 To 1000 ML
More Than 1000 ML
By Material:
Plastic
Aluminium
Paper
Others
By Closure Type:
Screw
Flip Top
Corner-mounted spouts
Top-mounted spouts
Push-up drink caps
By End user:
Food and beverages
Cosmetics and personal Care
Automotive
Pharmaceutical
Paints
Soaps and detergents
Others
By Region:
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
South Korea
Australia & New Zealand
ASEAN
Rest of APAC
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
With the product pricing, demand, gross margin, and supply of the Global Spout Pouch Market, this study offers a thorough grasp of market value. The report's section on the competition landscape gives readers a thorough understanding of the market share analysis of the top competitors in the sector. Every regional market is carefully examined to determine its potential growth, development, and demand over the coming years.
Get Your Sample PDF Report Now: https://www.astuteanalytica.com/request-sample/spout-pouch-market
About Astute Analytica:Astute Analytica is a global analytics and advisory company that has built a solid reputation quickly, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, your patron comes at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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Asia-Pacific Metal Packaging Coatings Market - Forecast(2024 - 2030)
Asia-Pacific Metal Packaging Coatings Market Overview
Asia-Pacific Metal Packaging Coatings Market size is forecast to reach US$1,990.4 million by 2027, after growing at a CAGR of 7.3% during 2022-2027. The preference for metal food & beverage containers in the Asia-Pacific region has been increasing rapidly, owing to its range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging. The development of new coating technologies which include Bisphenol A non-intent (BPA-NI) coatings are further fueling the growth of the market in the Asia-Pacific region. Moreover, increasing demand for metal packaging coatings from the pharmaceutical industry are further accelerating the growth of the market in the Asia-Pacific region. Also, strict regulations regarding the use of plastics in various countries across the Asia-Pacific region along with increasing product launches and developments associated with metal packaging is expected to increase the demand for metal packaging coatings for use in various end-use industries over the forecast period.
Covid-19 Impact
The COVID-19 outbreak led to major economic problems and challenges for the food & beverage, pharmaceutical, cosmetic, and other industries in the Asia-Pacific region. According to the International Monetary Fund (IMF), the GDP growth of the Asia declined by 1.3% and Australia by 2.4% as indicated in the graphs, owing to the economic impact of COVID-19. The governments all across the Asia-Pacific region announced strict measures to slow the spread of the coronavirus and only the production of essential commodities were allowed, which impacted the non-essential commodity industries, thereby impacting the production of metal packaging coatings as well. However, economic stimulus packages allotted for multiple sectors in the Asia-Pacific region and the start of industrial production activities since 2021 is improving the metal packaging coatings market growth in the Asia-Pacific region by its increasing utilization in various industries.
Report Coverage
The report: “Asia-Pacific Metal Packaging Coatings Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Asia-Pacific metal packaging coatings industry.
By Packaging Types: Food (2 piece and 3 piece), Caps & Closure (External and Internal), and General Line (External and Internal) By Coating Types: Water based, Solvent based, and Powder based. By Resins Type: Acrylic, Fluoropolymer, Urethanes, Epoxy (BPA and Non-BPA), Amines, and Others. By Application: Food (Sea Food, Meat, Infant Nutrition & Dairy, Vegetables, Catering, Biscuits, Cookies & Confectionary, Fats & Oils, Toppings, and Others), Pharmaceutical, Cosmetics, Personal Care, and Others. By Country: China, Japan, Thailand, Vietnam, India, Indonesia, Malaysia, and Rest of Asia-Pacific.
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Key Takeaways
China dominated the Asia-Pacific Metal Packaging Coatings Market in the year 2021. One of the key drivers driving the market is increasing use of metal packaging in food products such as fruits, vegetables, infant nutrition & dairy, bakery, and other similar products in order enhance the durability of metal packaging.
Increasing product launches for phenolic resins that are primarily used in a wide range of metal packaging coatings employed in food, pharmaceuticals, and other applications which require a smooth, durable, and spotless finish, has driven the market growth. For instance, In June 2020, companies such as Allnex GMBH, which has its presence in the Asia-Pacific region launched its new eco-friendly phenolic resin for use in BPAni application for metal packaging coatings.
Strict environmental regulations are driving metal packaging coating manufacturers in the Asia-Pacific region to adopt environmentally conscious practices, thus, the demand for water-based coatings are increasing significantly in the region.
Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Coating Types
The water based coating segment held the largest share in 2021 and is expected to grow at a CAGR of 8.2% by 2027. Water-based coating is an environmentally friendly surface treatment that disperses the resin used in the coatings using water as a solvent. They have a high degree of flexibility and reduce moisture and solar radiation absorption, thereby, resulting in fewer solvent emissions. The VOC (Volatile Organic Compounds) content in the water-based coating is significantly low, and since there are regulations restricting the high VOC content in Asia-Pacific is resulting in its increasing adoption by metal packaging coating manufacturers based in the region. For instance, in 2021, China launched its 14th Five-Year Plan, the chemical sector refocused its environmental protection goals on low-carbon transformation and comprehensive control of VOC emissions, as well as a considerable emphasis on encouraging low VOC products. Furthermore, as compared to solvent-based coatings, water-based coatings for metal packaging require less coating to cover the same surface area, cost less, and do not require any additives, thinners, or hardeners because they provide higher adherence. Thus, water-based barrier coatings are utilized to protect the metal packaging from external and internal effects by sealing the substrate surface.
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Asia-Pacific Metal Packaging Coatings Market Segment Analysis - By Application
Food sector held the largest share with 66% in the Asia-Pacific Metal Packaging Coatings Market in 2021 and is anticipated to grow at a CAGR of 7.4% during the forecast period 2022-2027. Metal packaging cans, containers, tins, and more are utilized for the packaging of the food because these types of packaging maintain the food filling's flavors and nutritional content ranging from months to several years. However, the direct contact between the metal packaging and food content filled inside the cans and other types of packaging are not safe. The direct contact between metal and food can degrade the food content, owing to this food-friendly coating are applied to safeguard the packaged food from corroding metal. The shifting the focus of Asia-Pacific packaging manufacturers from plastic to metal is expected to drive up the demand for metal packaging coatings for food cans. This is further projected to expand the market growth in the Asia-Pacific region. According to UACJ Corporation, between 2019 and 2022, global demand for aluminium used in cans will rise 11% to 6.61 million tons per year. Southeast Asian countries are likely to account for half of that demand, according to the report. Thus, rising demand for cans will accelerate the production for aluminium cans, which further benefits the metal packaging coatings demand.
Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Country
China dominated the Asia-Pacific Metal Packaging Coatings Market in terms of revenue with a share of 59% in 2021 and is projected to dominate the market during the forecast period (2022-2026). In China, the metal packaging coatings market is fueled by the growth of the country’s food & beverage sectors. For instance, according to the China Chain Store & Franchise Association, China’s food and beverage sector was valued at around US$ 595 billion in 2019, an increase of 7.8% in comparison to 2018. Metal cans offer a range of benefits such as better food protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. In August 2020, ORG technology, the Chinese manufacturer of food cans, launched its white paper on the strategic development of food cans. The company focused on coated iron metal cans with moisture-proof, environmental protection, safety, corrosion resistance, anti-extrusion, and other characteristics to gain traction in the market. In this way, such increasing food production along with the development of food cans in China, owing to its various benefits as mentioned above, is expected to increase the demand for metal packaging coatings to further enhance the durability of such food cans. This is expected to accelerate the growth of the market in China during the forecast period.
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Asia-Pacific Metal Packaging Coatings Market Driver
Increasing Preference for Metal Containers in Food & Beverage Sector
Metal packaging coatings are primarily used to coat different metals such as steel, aluminum, tin-plate, and more that are used for food & beverage packaging in order to enhance its ability to resist corrosion. Metal containers offer a range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. For instance, vegetables, fruits, pet food, soups, and meats are often packaged in metal cans. Canning foods help prolong their shelf life and can help people afford to make healthy dietary choices. Similarly, soda, beer, and even wine are usually packaged in aluminum cans since aluminum beverage cans are the most recycled category for aluminum products, with nearly 50 percent of all cans recycled annually. Thus, all of these benefits of metal containers are driving its demand over other types of packaging. As a result, many companies in the Asia-Pacific region have begun packaging their food & beverages in metal containers. For instance, in February 2021, Responsible Whatr, a brand based in India, launched spring water in aluminum beverage cans made by Ball Corporation, a leading manufacturer of aluminum packaging. The company intends to create a brand that signifies sustainability and become a significant contributor to the circular economy. In July 2020, Showa Aluminum Can Corporation (SAC), metal packaging manufacturer, launched its third aluminum can manufacturing facility in Vietnam with an overall plant capacity of 1.3 billion cans per year in order to meet the growing demand for metal packaging from the food & beverage sectors of the country. Thus, such increasing preference and use of metal containers in the Asia-Pacific region are expected to increase the demand for metal packaging coatings to further enhance the durability of the metal containers, thus, accelerating the growth of the market in the Asia-Pacific region.
Growing Demand from the Pharmaceutical Industry
Metal packaging coatings are primarily used in the pharmaceutical industry in order to provide protection to the metal from atmospheric corrosion and support decoration, labeling, and consumer information. Its range of benefits such as impermeability to light, moisture, gases, and water, durability, light-weight, and ease of printing labels directly onto the metal surface make them ideal for use in the pharmaceutical industry. Thus, an increase in pharmaceutical production in the Asia-Pacific region is expected to drive the market growth during the forecast period. According to Vietnam’s Ministry of Health, the pharmaceuticals industry is expected to grow at the rate of 10% per year from 2017 to 2028, owing to an increase in pharmaceutical production and sales in the country. Also, according to International Trade Administration, the local pharmaceutical production in Japan reached up to US$59,958 in 2017, US$62,570 in 2018, US$87,027 in 2019, and US$84,600 in 2020 respectively. thus, indicating an increase in pharmaceutical production in Japan per year. An increase in pharmaceutical production is expected to drive the demand for metal packaging coatings in the pharmaceutical industry, thus accelerating the growth of the market in the upcoming years.
Asia-Pacific Metal Packaging Coatings Market Challenges
Volatility of Raw Material Prices
Primary raw materials including resins, solvent, and more used in the production of metal packaging coatings are derived from crude oil. As a result, fluctuations in the prices of crude oil in the Asia-Pacific region may hinder the growth of the market. For instance, India’s Crude Oil Basket (COB) reached US$19.90 per barrel, which was the lowest record since February 2002. During the first 11 months of the year 2020-21, the average annual price of India’s COB was around US$42.72 per barrel, which decreased by 30% than the average COB price in 2019-20. Likewise, as per revised estimates for 2020-21, the COB has increased by around 35% from its initial budget estimate. Since October 2021, Vietnam has also witnessed a spike in demand for crude oil. According to the oil price, the price of light crude oil exceeded US$94.38 per barrel in February 2022, an increase of 3.63% that is equivalent to US$3.3, the highest record since November 2014. Similarly, the price of Brent crude oil also increased and reached up to US$95.39 per barrel, an increase of 1.98% which is equivalent to US$1.85.
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Asia-Pacific Metal Packaging Coatings Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Asia-Pacific Metal Packaging Coatings Market. Asia-Pacific metal packaging coatings top 10 players include:
The Sherwin Williams Company
PPG Industries Inc.
AkzoNobel N.V.
Kansai Paint Co., Ltd.
Altana AG (Actega)
Henkel AG & Co. KGaA
Axalta Coating Systems Ltd.
Eason & Co.
Toyochem Co., Ltd.
Kangnam Jevisco Co., Ltd. and Others.
Recent Developments
In June 2021, AkzoNobel has invested in research and development activities associated with packaging coatings. The research is primarily focused on development of a new, and recyclable coating through use of bio-derived polyelectrolytes. These polyelectrolytes are 100% natural and are extracted from shrimp shells or waste from the wood processing industry. The versatility of natural polyelectrolytes will allow the company to become less dependent on synthesized polymers for packaging coatings.
In May 2021, ALTANA completed its acquisition of the closure materials business of Henkel group, a chemical and consumer goods manufacturing company with a strong regional presence in the Asia-Pacific region. Within the ALTANA Group, the business will be integrated into the ACTEGA division and globally assigned to the metal packaging solutions business line including the Asia-Pacific region. The main objective of this acquisition is to strengthen the company’s focus on innovative specialty chemicals.
In March 2021, Toyochem launched a new line of Bisphenol A non-intent (BPA-NI) internal coatings for metal beverage bottles and cans. These coatings are based on acrylic emulsion and polyester resins. The new BPA-NI internal sprays and coil coatings for stay-on tab (SOT) ends are specially formulated to achieve the required performance results, while addressing BPA-related health and food safety concerns from regulators and consumers in the Asia-Pacific region and worldwide.
#Asia-Pacific Metal Packaging Coatings Market#Asia-Pacific Metal Packaging Coatings Market Share#Asia-Pacific Metal Packaging Coatings Market Size#Asia-Pacific Metal Packaging Coatings Market Forecast
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PET Packaging Market Size, Drivers, Trends, Restraints, Opportunities And Strategies
The Business Research Company’s PET Packaging Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The PET Packaging Global Market Report 2023 evaluates pet packaging market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global PET packaging market size is expected to grow from $70.90 billion in 2022 to $74.70 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global PET packaging is expected to grow to $92.32 billion in 2027 at a CAGR of 5.4%. The emerging e-commerce industry across the globe is expected to propel the growth of the PET packaging market going forward. E-commerce (electronic commerce) refers to the purchasing and selling of goods and services, along with the transmission of payments and data, over an electronic network, primarily on the internet. PET packaging helps the e-commerce industry with the packing of food and beverage products. For instance, according to the US Department of Commerce, the executive department of the U.S. federal government, concerned with economic growth and opportunity, in the first quarter of 2022, retail e-commerce sales increased by 2.4 % as compared to the first quarter of the previous year, 2021, which was valued at $250.0 billion. Therefore, the emerging e-commerce industry across the globe is driving the growth of the PET packaging market.
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The pet packaging market segments in the report are:
1) By Packaging Type: Rigid packaging, Flexible packaging
2) By Pack Type: Bottles and jars, Bags and Pouches, Trays, Lids or Caps and Closures, Other Packs (cups and clamshells)
3) By Filling Technology: Hot fill, Cold fill, Aseptic fill, Other Technologies (counter-pressure, low vacuum gravity, high vacuum gravity, and positive pressure)
4) By End-Use Industry: Food, Beverages, Personal Care and Cosmetics, Household Products, Pharmaceuticals, Other End-Use Industries (industrial goods and consumer durables)
The table of contents in TBRC’s pet packaging market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Learn About Us: The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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Child Resistant Closures Market | Global Industry Analysis, Size, Growth, Trend & Forecast 2027 | Credence Research
The latest market report published by Credence Research, Inc. "In 2018, the global child-resistant closures market was valued at US$ 1.60 Bn and was expected to grow with a CAGR of 6.7% during the forecast period from 2019 to 2027".
In an era where safeguarding children from unintended mishaps is paramount, child-resistant closures (CRCs) play an indispensable role in preventing the innocent, explorative hands of children from accessing potentially harmful substances. The market for child-resistant closures, which encompasses a variety of locking mechanisms designed to be particularly difficult for children to open, has witnessed a notable evolution, driven by regulatory stipulations, consumer awareness, and technological advancements.
Traditionally, CRCs have been predominantly utilized in the pharmaceutical sector, providing an added layer of protection against accidental ingestion of medication by children. However, the scope of these closures has expanded dramatically, permeating various sectors such as household chemicals, pesticides, and even certain food products, reflecting the broadening horizons of the CRC market.
One pivotal driver propelling the CRC market forward is the mounting awareness and concern regarding child safety amongst consumers and regulatory bodies alike. Numerous countries have implemented stringent regulations mandating the use of child-resistant packaging for a range of products, thereby amplifying the demand for innovative and effective closures. This, in tandem with the escalating consumer demand for secure packaging that guarantees the safety of their children, is fuelling developments and expansions within the market.
The technological advancements and innovations infiltrating the CRC market cannot be understated. Today, the market showcases a plethora of child-resistant mechanisms, ranging from push-and-turn caps to squeeze-and-turn models, each designed to confound the dexterity and cognitive capabilities of children, while still being accessible by adults, particularly the elderly who may grapple with complex opening mechanisms. These innovations are not only enhancing the safety provided by CRCs but also ensuring their usability across a wide demographic.
Environmental consciousness and sustainability are also weaving into the fabric of the CRC market. Manufacturers are increasingly gravitating towards developing closures that are not only child-resistant but also environmentally friendly. The integration of recyclable and biodegradable materials into CRC manufacturing is a testament to the industry’s commitment to marrying safety with sustainability.
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Caps & Closures Industry 2024 Trends, Growth, and Forecast by 2031
Caps & Closures IndustryScope & Overview
The Caps & Closures Industry report includes the Porter's Five Forces Analysis, sales channels, distributors, market drivers, challenges, trends, opportunities, risks, and entry barriers. Competitors can profit from the value chain analysis and the study of the five Porter forces stated in the report to better their position in the global market. Long-term growth prospects, as well as national and international markets, are considered in study.
To assess market size, companies, regions, product categories, and end industries are reviewed, as well as previous and prospective data. The reader is informed on the provider landscape as well as any potential changes in market competitiveness. As part of the competitive analysis, the Caps & Closures report includes a detailed company profile for each of the top global market participants.
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Market Key Players:
Crown Holding Inc, Amcor Plc, Nippon Closures Co Ltd, Weener Plastics, Secure Industries Private Limited, UNITED CAPS, Guala Closures S.p.A, Aptar Group, Berry Global Inc, Samhwa Crown & Closure, and other players.
Market Segmentation Analysis
The global Caps & Closures market was segmented in-depth by type, application, and geography, according to research analysts. The market research considers the current state of the industry, market share, growth rate, predicted trends, market drivers, opportunities and challenges, risks and entry barriers, and Porter's Five Forces Analysis. The inclusion of client data from various firms in the report would be beneficial to its readers.
By Raw Material
Plastic
Metal
Others
By Product type
Roll-On Balls
Plastic Caps
Closures
Other Caps
By End Use
Food
Pharmaceutical
Cosmetics
Beverage
Automotive
Packaged Water Bottle
Others
Covid-19 Impact Analysis
The market research report provides recommendations that market participants may utilize to protect their businesses from the negative consequences of pandemic-like conditions. The study's main focus is an examination of the overall consequences of the COVID-19 epidemic on the Caps & Closures market.
Regional Outlook
Caps & Closures market report focuses on major global regions such as Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The market research report discusses the development of regional marketplaces where market participants can make future investments.
Competitive Analysis
The global Caps & Closures market's major rivals are analyzed in terms of their market shares, most recent initiatives, new product introductions, alliances, mergers and acquisitions, and the markets they target. We also provide a complete evaluation of their product lines to investigate the goods and purposes they focus on while competing on the global market.
Key Reasons to Purchase the Caps & ClosuresMarket Report
Against gain a competitive advantage, develop effective counterstrategies to rising firms with potentially significant product portfolios.
The research paper looks at items at various stages of development, from pre-registration to discovery and undisclosed stages.
Develop and build in-licensing and out-licensing plans by discovering potential partners with the most appealing projects to enhance and broaden the business's potential and scope.
Conclusion
Caps & Closures market research investigates production processes, cost structures, and development and policy objectives. The research is a valuable resource for organizations and anybody interested in the market because it gives critical information on the state of the sector.
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