Global Snap-on Closures Market – Industry Trends and Forecast to 2030

Global Snap-on Closures Market, By Type (Bottles, Tubes, Jars, Vials, Can & Containers), By Material (Polyethylene terephthalate (PET), Polyvinyl chloride (PVC), High-density polyethylene (HDPE)), By Closure Type (Flip Top, Bottle Stopper, Twist off Cap), By Diameter (Up to 24 mm, 24-34 mm, 34-44 mm, Above 44 mm), By End-User (Liquid soap, Oil products, Liquid soap, Shampoo, Lotion and Cream) – Industry Trends and Forecast to 2030.

 Snap-on Closures Market Analysis and Size

In last few years, changing consumer preferences has generated a new wave of innovation in the packaging solutions. Snap-on closures have started gaining huge traction. Leading cosmetics and food manufacturers are using snap-on closures to make their products more durable, appealing and user friendly. Moreover, growing consumer awareness towards sustainability and hygiene is positively impacting snap-on closures market growth. People are inclined towards using products with convenient and better packaging solutions.

Data Bridge Market Research analyses that the snap-on closures market was valued at USD 14.40 billion in 2022 and is expected to reach USD 22.27 billion by 2030, registering a CAGR of 5.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Snap-on Closures Market Scope and Segmentation

Market Definition

Snap-on closures have emerged as perfect solutions for prolonging the shelf life of the products and protecting these products from any external exposure. They are mainly used to seal bottles with powdered and liquid contents and offer airtight storage after the initial opening of the products. Numerous styles and shapes are offered on these snap-on closure devices, mainly formed by plastic materials.

Global Snap-on Closures Market Dynamics

Drivers

• Increasing need of snap-on closures for product safety and security

The increasing demand for convenience and better operability closures will act as important drivers for the growth of the snap-On closures market. These caps play a vital role in packaging liquid product to avoid contamination and maintain hygiene value. Thesis closures are important for product safety and security from dust and other microbes. Consumers are looking for the snap-on closures which are user-friendly, easy to open, and convenient to use.

• Increasing awareness and popularity towards snap-on closures

Growing popularity of snap-on closures for different product groups such as beverages, body care, skincare, and liquid food products is probably driving the growth of the snap-on closures market, globally. Now, the health and wellness trend is shifting towards preventive healthcare, which avoid tampering, contamination, and counterfeiting and are becoming significant to assure consumers regarding safety of the products that they are buying. Thus, the increasing awareness and popularity towards snap-on closures among consumers is anticiopated to drive the market's growth.

Opportunities

• Surging new developments

The surging new developments and other innovations by major market players further provide numerous growth opportunities. In new developments, increase the usage of lightweight closures that have much potential for power conversion. For instance, In July 2022, Aptar Group launched new closures to improve the consumer experience and improve package cleanliness.

Moreover, the widespread demand of snap-on closures in the retail division synchronically with properties such as crack sealing, shelf attraction, and uniform closing for high-speed line fill will create immense opportunities for market growth.

Restraints/ Challenges

• Issues associated with snap-on closures market

The growth of the snap-on closures market is hampered by a rise in the use of packages without caps, for instance pouches and blister packages. These types of packaging deliver numerous benefits to the packager, such as cost-effective as compared to traditional methods of rigid packaging.

This snap-on closures 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 growth  application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the snap-on closures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact Analysis

The outbreak of COVID-19 had a negative effect on the snap-on closures market. Many manufacturing units were shut down their production during the high peak of the pandemic, leading to a halt of all the manufacturing units of different packaging sectors. Snap-on closures are in high demand in the pharmaceutical and cosmetic industries. The consumer from these end-users has witnessed an unprecedented downfall, adversely hindering the product's market share during pandemic period. Moreover, supply chain disruption is another major factor challenging snap-on closures market growth. However, conditions are recovering in many parts of the world, which is anticipated to recover the growth of snap-on closures market in the forecast period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In October 2021, Weener Plastics introduced new sustainable PE CosmoTop tube closures with improved properties. These new products are manufactured for the cosmetic and personal care market.
• In June 2020, United Caps is, an international manufacturer of closures and caps has expanded its portfolio of closures and caps for vinegars and edible oils. These new products include 42 SUN snap-on closure with an ergonomic Porter handle for mainly manufactured for large containers (2-5 litres).

Global Snap--on Closures Market Scope

The snap-on closures market is segmented on the basis of type, material, closure type, diameter 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.

Type

• Bottles
• Tubes
• Jars
• Vials
• Can
• Containers

Material

• Polyethylene terephthalate (PET)
• Polyvinyl chloride (PVC)
• High-density polyethylene (HDPE)

Closure Type

• Flip Top
• Bottle Stopper
• Twist off Cap

Diameter

• Up to 24 mm
• 24-34 mm
• 34-44 mm
• Above 44 mm

End-User

• Liquid soap
• Oil products
• Liquid soap
• Shampoo
• Lotion
• Cream

Snap--on Closures Market Regional Analysis/Insights

The snap-on closures market is analyzed and market size insights and trends are provided by country, type, material, closure type, diameter and end-user as referenced above.

The countries covered in the snap-on closures 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.

Asia-Pacific dominates the snap-on closures market in terms of market share and revenue due to increasing financing from multinational packaging firms basically in emerging nations such as China and India in this region. Furthermore, China has placed itself as one of the primary exporters of cosmetic and personal care products. The presence of leading manufacturers, easy availability of raw materials at low costs, and growing penetration of online shopping platforms are some of the factors that will likely drive the China snap-on closures market.. 

Europe is expected to be the fastest developing region during the forecast period of 2023-2030. Germany is one of the leading consumer and producer of cosmetic and personal care products across the Europe.

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.   

Competitive Landscape and Snap--on Closures Market Share Analysis

The snap-on closures 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 snap-on closures market.

Some of the major players operating in the snap-on closures market are:

• Coral Products PLC (U.K.)
• Silgan Holdings Inc. (U.S.)
• O.Berk Company, LLC (U.S.)
• Guala Closures s.p.a (Italy)
• United Caps (Luxembourg)
• Dun & Bradestreet Inc,. (Australia)
• Caprite Australia  (Australia)
• Pano Cap (Canada)
• Plastic Closures (U.K.)
• CapandSeal. (India)
• Phoenix Closures, Inc. (U.S.)
• Alupac India (India)
• Hicap Closures co ltd, (China)
• MJS Packaging (U.S.)
• J.L. Clark (U.S.)
• TriMas (U.S.)
• Comar, (U.S.) 

Research Methodology: Global Snap--on Closures Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed 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. Apart from this, 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.

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