Southeast Asia Dispensing Caps and Closures Market, By Type (Caps and Closures), Material (Plastic, Metal, Rubber, Glass, Others), Product (Standard Dispensing Caps and Closures, Custom Dispensing Caps and Closures), Clip (Single Clip, Double Clip), Packaging Type (Jars, Tube, Bottles, Others), Seal Type (Arc Seal, Valve Seal, Flat or Linear Seal, Land Seal, Plug Seal, Combination Land and Valve Seal, Others), Technology (Dispensing Valve Technology, Dual Dispensing Technology, Others), End User (Water, Carbonated Soft Drinks, Juices, Dairy Products, Edible Oil, Soya Sauce, Fish Sauce, Vinegar, Syrup/Concentrate, Others) Country (Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, Myanmar, Rest of Southeast Asia), Market Trends and Forecast to 2027
Market Analysis and Insights: Southeast Asia Dispensing Caps and Closures Market
Southeast Asia dispensing caps and closures market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.6% in the forecast period of 2020 to 2027 and expected to reach USD 372,735.25 thousands by 2027 from USD 241,040.00 thousands in 2019. Increasing demand for packaged food and beverages products and retail sector are the major factors for the market growth.
The dispensing caps and closures are useful in sealing the bottle or any type of packaging, from which inside material can be dispensed. The use of caps and closures are higher is many sectors such as food and beverages, cosmetics, personal cares and others. The consumption of carbonated drinks is increasing day by day owing to increasing disposable income of people in countries such as Singapore, Thailand and Indonesia.
For instance, Thailand has exported USD 1400 million of soft drinks in the year 2018. This accounts 6.7% of total value export of soft drinks across the globe. Demand for the carbonated drinks lead to increase in demand for packaging products which increases the market growth rate.
This dispensing caps and closures market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Southeast Asia Dispensing Caps and Closures Market Scope and Market Size
Dispensing caps and closures market is segmented into eight notable segments which are based on type, material, product, clip, packaging, seal type, technology and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the market is segmented into closures and caps. In 2020, caps segment is expected to dominate the market as the caps are widely used in sealing bottles, jars and tubes. . The dispensing caps are majorly suitable for liquid drinks such as hot or carbonised bottled beverages, water and many others.
- On the basis of material, the market is segmented into plastic, metal, rubber, glass and others. In 2020, plastic material segment is expected to dominate the market as the plastic offers cost effective and ideal solutions for all types of food and beverage products.
- On the basis of product, the market is segmented into standard dispensing caps and closures and custom dispensing caps and closures. In 2020, custom dispensing caps and closures is expected to dominate the market as the companies are focusing more on product differentiation and branding of their products. This differentiation consists of custom made caps and closures with various shapes, size and pop colours.
- On the basis of clip, the market is segmented into single clip and double clip. In 2020, single clip segment is expected to dominate the market as most of the food and beverage manufacturers prefer single screw caps and closures, through which their product can be dispensed easily.
- On the basis of packaging type, the market is segmented into jars, tube and bottles. In 2020, bottles segment is expected to dominate the market due to rising demand for soft drinks and alcoholic beverages in Southeast Asia region.
- On the basis of seal type, the market is segmented into flat or linear seal, arc seal, plug seal, land seal, combination land and valve seal, valve seal, others. In 2020, arc seal segment is expected to dominate the market as it provides easier access to dispense food and beverage material. This seal is also beneficial for maintaining the integrity and identity of the product.
- On the basis of technology, the market is segmented into dual dispensing technology, dispensing valve technology, and others. In 2020, dispensing valve technology is expected to dominate the market as the manufacturers prefer this technology to be integrated in their standard as well as customized dispensing caps and closure design. This technology has provided the better production of products with enhanced neck type, seal type and neck finish numbers. Due to its better ease, its usage is higher and major companies are focusing in providing modified and new products.
- On the basis of end user, the market is segmented into carbonated soft drinks, juices, water, edible oil, soya sauce, fish sauce, vinegar, syrup/concentrate, dairy products, others. In 2020, water segment is expected to dominate the market as the demand for packaged or bottled water is increasing day by day. This packaging requires caps or closures to tightly seal the water bottles, thus the adoption of caps and closures in the water segment is growing.
Southeast Asia Dispensing Caps and Closures Market Country Level Analysis
Southeast Asia dispensing caps and closures market is analysed and market size information is provided by country, type, material, product, clip, packaging, seal type, technology and end user.
- On the basis of country, the market is segmented into Singapore, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Malaysia and Rest of Southeast Asia.
Singapore dominates the market as the demand for food and beverages are higher and retail sector is also booming. This is due to better disposable income of the people of Singapore which ultimately provides better life style For instance, According to food packaging agreement of Singapore government; the packaged food must be packed and enclosed in the container. Due to which, food manufacturing companies are demanding caps and closures in order to provide packaged products which lead to increase in the demand of the products.
Malaysia accounts the second largest market share in the Southeast Asia caps and closures market as more numbers of food and beverage manufacturers are operating in this region, which ultimately increases the need for manufacturing caps and closures for packaging of food and beverage products. Branding of products also plays a vital role in developing new caps and closures to attract more number of customers. According to Magazine Pro in 2018, Malaysia exported soft drinks which cost around USD 296.1 million.
Indonesia accounts the third largest market share in the Southeast Asia caps and closures market. This is majorly resulted due to the growth of retail industry in Malaysia. The growth of retail industry recognizes the need of packaging for maintaining the shelf life of their products. According to ATKearney, in 2018, Indonesia accounts USD 350,000 million of retail sales.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Strong Investment in Research and Development Activities and New Technology Penetration
Southeast Asia dispensing caps and closures market also provides you with detailed market analysis for every country growth in food and beverage industry with dispensing caps and closures sales, components sales, impact of technological development in dispensing caps and closures and changes in regulatory scenarios with their support for dispensing caps and closures market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Dispensing Caps and Closures Market Share Analysis
Southeast Asia dispensing caps and 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, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Southeast Asia dispensing caps and closures.
The major players covered in the report are 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., and PT Indo Tirta Abadi among other players in Southeast Asia. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In August 2019, Nippon Closures Co., Ltd. entered in partnership with AptarGroup, Inc., a leader in dispensing, active packaging solutions and drug delivery. This partnership helped the company to provide beverage closures cross-license technology to cater the demand of closures. This development helped the company to exchange technological developments in closures with AptarGroup, Inc.
- In March 2018, DS Smith has expanded its Worldwide Dispensers facility in Minnesota, U.S. Through this expansion, the company has invested USD 4 million to increase its manufacturing footprint. This expansion helped the company to increase its production capability on global level.
Partnership, expansion and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering in food and beverage industries through expanded model range such as sizes, neck sizes and others.
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