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Market Size in USD Billion
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USD 46.60 Billion |
| USD 69.91 Billion | |
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Global Plastic Dispensing Caps Market, By Product (Screw-on Caps, Dispensing Caps), Technology (Injection Molding, Compression Molding, Post-mold TE Band), Material (PET, PP, HDPE, LDPE), End-user (Beverage, cosmetics, Pharmaceutical and others) – Industry Trends and Forecast to 2029
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Market Analysis and Size
The desire for easy and customizable carriers of goods, the plastic dispensing caps market has been gradually growing over the last few yearsPlastic dispensing caps' future demand and market growth are promising, owing to their highly recyclable and practical packaging outlook, as well as their rising usage in beverage packaging. Furthermore, as customers turn their focus to acceptable packaging options, the demand for plastic dispensing caps is expected to rise.
Data Bridge Market Research analyses that the plastic dispensing caps market was valued at USD 46.6 billion in 2021 and is expected to reach USD 69.91 billion by 2029, registering a CAGR of 5.2% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import and export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
Plastic dispensing caps are a type of packaging that is used to seal the top of containers, packages, or bottles. They may be threaded into different kinds of openings in order to provide additional visibility for finding the contents inside. There are various styles and shapes offered on these closure devices which range from being made with plastic materials up to metal ones. Plastic dispensing caps often include screwcaps, snap lids, dispensing caps, push-pull disc tops, and more.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Screw-on Caps, Dispensing Caps), Technology (Injection Molding, Compression Molding, Post-mold TE Band), Material (PP, PET, HDPE, LDPE), End-use (Beverage, Pharmaceutical, cosmetic and other)
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Countries Covered
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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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Coral Products PLC (UK), Silgan Holdings Inc. (US), O.Berk Company, LLC (US), Guala Closures s.p.a (Italy), United Caps (Luxembourg), Dun & Bradestreet Inc,. (Australia), Caprite Australia (Australia), Pano Cap (Canada), Plastic Closures (UK), Cap and Seal (India), Phoenix Closures, Inc. (US), Alupac India (India), Hicap Closures co ltd, (China), MJS Packaging (US), J.L. Clark (US), TriMas (US), and Comar (US)
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Market Opportunities
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The requirement for convenience and better operability act as important drivers for plastic dispensing caps. A plastic cap plays major role in safeguarding the product from dust and other microbes. Plastic dispensing caps are profitable as compared to metal dispensing caps. Consumers are on the lookout for user-friendly dispensing caps, easy to open, and convenient to use.
The increasing popularity of dispensing caps in different product groups such as body care, skincare, beverages, and liquid food products is probably spurring the global growth of the plastic dispensing caps market. The health and wellness trend is now shifting towards preventive healthcare, which prevents contamination, tampering, and counterfeiting is becoming important to reassure consumers about the safety of the products they are buying.
Opportunities
The rise of the medicines and drinks sectors in these nations, emerging economies such as Mexico, Turkey, South Africa, and Indonesia are prospective plastic dispensing cap markets. Cap manufacturers in these countries are pursuing aggressive growth plans by broadening their product lines and increasing their distribution base. Increase in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.
Restraints/ Challenges
The use of containers without caps, such as pouches and blister packages, is threatening the growth of the plastic dispensing caps market. These types of packaging provide numerous advantages to the packager, including lower material costs when compared to standard rigid packaging methods and concerns about sustainability. Metal and cork dispensing caps, for example, limit the expansion of the plastic dispensing caps industry. Metal closures innovations continue to pique people's interest and represent enormous potential for growth. As a result, the disparity between plastic and metal caps is projected to grow.
This plastic dispensing caps market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastic dispensing caps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The global plastic dispensing caps market is expected to witness a moderate decrease in its growth rate in 2020-2021, as the plastic dispensing caps used for personal care, automotive, and chemicals will witness a significant decline in its demand. However, there will be a rise in the demand for plastic dispensing in the beverage and pharmaceutical sectors during COVID-19. The demand for plastic dispensing caps in the pharmaceutical industry is expected to remain robust as hospitals, drugs, and PPE manufacturers respond to the crisis. The need for domestic healthcare, staples, and medical items is not predicted to fall drastically, and retail distribution of these products through online delivery is expected to expand.
Recent Development
The plastic dispensing caps market is segmented on the basis of products, technology, materials and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
On the basis of product, the global plastic dispensing caps market is segmented into Screw-on and Dispensing Caps.
Technology
On the basis of Technology, the global plastic dispensing caps market is segmented into Injection Molding, Compression Molding, Post-mold TE Band Capacity.
Materials
On the basis of materials, the global plastic dispensing caps market is segmented into PET PP, HDPE, LDPE and others.
End-User
On the basis of end-user, the global plastic dispensing caps market is segmented into beverages and pharmaceuticals. Cosmetics and others.
The plastic dispensing caps market is analysed and market size insights and trends are provided by country, products, Technology, materials and end-user as referenced above.
The countries covered in the plastic dispensing caps market report are 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
In terms of market share and revenue, Asia-Pacific dominates the plastic dispensing caps market and will maintain its dominance throughout the forecast period. This is owing to an increase in the market for contaminated and prohibited plastic dispensing caps, as well as an increase in the beverage industry in this region for items such as alcoholic beverages and fizzy drinks.
During the forecast period, North America is likely to be the fastest expanding region. Because of people's shifting lives, the United States and Canada are leading North America in retail shelf packaging. This faster pace of life is projected to propel sales growth through retail channels even more.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The plastic dispensing caps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastic dispensing caps market.
Some of the major players operating in the plastic dispensing caps market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Plastic Dispensing Caps Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Plastic Dispensing Caps Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.