Southeast Asia Dispensing Caps and Closures Market is expected to grow at a CAGR of 5.6% in the forecast period 2020 to 2027. The years considered for study are as mentioned below:
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Southeast Asia dispensing caps and closures market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Southeast Asia dispensing caps and closures market are introducing strong range of product portfolio. This has also helped the companies to maximize the sales with enhanced product portfolio. For instance, In October 2019, New UpTap Bottle Closure has been launched by DS Smith. This closure is specially designed for large bottles of oil, water and juices. This product is made by using 48% of less plastic. This development is beneficial for the company to increase its product portfolio.
Amcor plc is the dominating player in the dispensing caps and closures market. The other key players existing in the market includes Crown and Berry Global Inc., BALL CORPORATION, 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.
Amcor plc
Amcor plc headquartered in Zurich, Switzerland which was founded in 1860. The company develops and produces packaging for medical, food, pharmaceutical, beverage and home care. The company is dealing in business segments such as flexibles, rigid packaging, other. The company provides its products through beverages, food, healthcare, home care, personal care, pet care, technical applications categories, while the market focused category is beverages. .
For instance,
- In September 2019, new innovation center has been launched by Amcor plc in New Albany, Ohio. This center is opened to support teams of technical engineers, specialists, and designers. This team will work on concepts of product with customers. This business expansion will be beneficial for the company in terms of providing consumer specific products as per their requirement.
Amcor plc has its presence in North America, South America, Asia Pacific, Europe, Middle East and Africa regions. The company also generates the revenue from subsidiaries such as Ipc Tobacco Argentina S.a, (Argentina), Amcor Flexibles (New Zealand) Limited (New Zealand), Amcor Flexibles Europe (U.K.), Amcor Holdings Pty Limited (Australia), Amcor Flexibles South Africa (Pty) Ltd (South Africa).
Crown
Crown is headquartered in Pennsylvania, U.S. which was founded in 1892. The company offers Aerosol Cans, Beverage Packaging, Closures & Capping, Food Cans, Promotional Packaging, Transit Packaging products. The company is operating through Americas beverage, European beverage, European food, Asia-Pacific, transit packaging business segments. It offers its products through aerosol cans, beverage packaging, closures & capping, food cans, promotional packaging, transit packaging, while the market focused category is closures & capping.
For instance,
- In May 2017, new beverage can manufacturing plant has been opened by Crown in New York. This plant has been recognized as the first Greenfield plant in the U.S. This expansion is beneficial for the company to support the increasing demand of speciality cans to cater the economic growth in New York State.
The company has wide global presence across the world such as North America, South America, Asia-Pacific, Europe, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as CROWN Beverage Cans Singapore Pte. Ltd. (Singapore), CROWN Aerosols UK Limited (U.K.), CROWN Packaging Ireland Ltd (Ireland), Crown Imballaggi Italia S.r.l. (Italy), Zeller Plastik USA, Inc. (U.S.).
Berry Global Inc.
Berry Global Inc. was founded in 1967 and has its headquarters in Indiana, U.S. The company engaged in providing packaging products. The company is dealing with engineered materials, health, hygiene & specialties, consumer packaging business segments. The company offers its products through agricultural film, bottles, cannabis solutions, closures, containers, drink cups, flexible packaging, jars, lids, overcaps, prescription, sheeting/drop cloths, straws, stretch film, tapes, tubes, shrink films categories, while the market focused categories are overcaps and closures.
For instance,
- In July 2016, a decorating process named as Luster has been launched by Berry Global Inc. This process offers wide variety of premium options for plastic closures, which are made for sprits market. This development is beneficial for the company in terms of offering high end and premium products for its customers.
The company has presence in North America, South America, Asia-Pacific, Europe, Middle East and Africa region. It also generates the revenue from subsidiaries such as Berry Plastics de Mexico, S. de R.L. de C.V (Mexico), Berry Plastics Canada, Inc. (Canada), Covalence Specialty Materials Canada Limited (Canada), Mammoth Containers, Inc. (U.S.), Geca-Tapes B.V. (France) among others.
