Southeast Asia Dispensing Caps and Closures Market has shown an exceptional penetration in countries such as Singapore and Malaysia. Increased demand for carbonated drinks and growth of retail industry is propelling the growth of dispensing caps and closures market. The increasing use of bag-in-box packaging will create ample amount of opportunities for Southeast Asia dispensing caps and closures market. International standards on manufacturing of caps and closures are major restraining factor of dispensing caps and closures market.
Southeast Asia Dispensing Caps and Closures Market Scenario
According to Data Bridge Market Research the market for dispensing caps and closures in Singapore has the highest market share followed by Malaysia and Indonesia. The market leader Amcor plc has increased their revenue from USD 9,319.10 million in 2017 to USD 9,458.20 million in 2018. In August 2018, Amcor plc has announced to reconstruct plan for its rigid packaging named as 2018 Rigid Packaging Restructuring Plan. This plan is aimed to cut down the structural costs and optimizing the footprint of the packaging business. The plan includes the headcount reductions and closures of manufacturing facilities for achieving the manufacturing productivity improvements as well as overhead reductions of cost.
According to annual report 2018 of Amcor plc, the company's total pre-tax restructuring costs are expected to reach approximately USD 95.0 million with quitting the manufacturing facilities and cost reduction related to employee. The Company estimates that approximately USD 65.0 million of the USD 95.0 million of the total costs will result in cash expenditures. Cash payments for fiscal year 2019 were USD 30.3 million. The restructuring plan is expected to be completed in fiscal year 2020.
Trends Impacting the Market
Data Bridge Market Research has forecasted a large growth in Southeast Asia dispensing caps and closure market and the market leaders targeting Singapore and Malaysia to be their next revenue pockets for 2020.
The dispensing caps and closures market is becoming more competitive every year with companies such as Amcor plc and Crown being the market leaders for dispensing caps and closures. The Data bridge market research new reports highlight the major growth factors and opportunities in the dispensing caps and closure market.
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New Dispensing Caps and Closures Market Developments
- In September 2019, DOW honored the Amcor plc with four awards innovation in packaging. This company won this award flexible and rigid and packaging for beverage, protein and pet food products. This award recognizes company’s innovation of technologies for packaging industry.
- In January 2018, Mustang front push dispensing tap has been launched by DS Smith through its Worldwide Dispensers North America facility. This closure is designed for bag-in-box as well as stand-up pouch applications. This product launch proves to be beneficial for the company to extend its range of closure products.
- In June 2016, Rexam PLC was acquired by BALL CORPORATION for approximately USD 6100 million. Ball Corporation has become the largest beverage can manufacturer in the world through this acquisition. This acquisition is beneficial for the company in terms of increasing its manufacturing capability for beverage cans.
Scope of the Dispensing Caps and Closures Market
The Southeast Asia dispensing caps and closure market is segmented on the basis of countries into Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, Myanmar and Rest of Southeast Asia.
- All country based analysis of the dispensing caps and closure market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into caps and closures. On the basis of material, the market is segmented into plastic, metal, rubber, glass, others. On the basis of product, the market is segmented into standard dispensing caps and closures, custom dispensing caps and closures. On the basis of packaging type, the market is segmented into jars, tube, bottles, others. On the basis of seal type, the market is segmented into arc seal, valve seal, flat or linear seal, land seal, plug seal, combination land and valve seal, others. On the basis of technology, the market is segmented into dispensing valve technology, dual dispensing technology, others. on the basis of end user, the market is segmented into water, carbonated soft drinks, juices, dairy products, edible oil, soya sauce, fish sauce, vinegar, syrup/concentrate, others.
- Dispensing caps and closures technology has transformed over the past few years which enables organization to resolve their business challenges and give personalized and engaging experience. Dispensing caps and closures offer a feasible path by which different enterprises can bridge the gap between technological growth, customer service and user efficiency.
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Key Pointers Covered in the Dispensing Caps and Closures Market Industry Trends and Forecast to 2027
- Market Size
- Market Shares in different regions
- Recent Developments for Market Competitors
- Recent market value for different regions
- Key vendors and disruptors study
- Company Landscape and company share analysis
- Volumetric information of products
Key Market Competitors Covered in the Report
- Amcor plc
- Crown
- BALL CORPORATION
- Berry Global Inc
- DS Smith
- Essel Propack Limited
- Weener
- Georg MENSHEN GmbH & Co. KG
- Nippon Closures Co., Ltd.
- Rieke
- CapsClosures
- BERICAP
- Bestpak Manufacturing Enterprises, Inc.
- PT Indo Tirta Abadi
Above are the key players covered in the report, to know about more and exhaustive list of dispensing caps and closures companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=southeast-asia-dispensing-caps-and-closures-market
Research Methodology: Global Dispensing Caps and Closures Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Food and Beverage Manufacturers, Packaged Drinking Water Providers
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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