Market Analysis: Global Dispensing Caps Market
Global Dispensing Caps Market of which global dispensing caps market is expected to grow from its initial estimated value of USD 57.94 billion in 2018 to a projected value of USD 91.58 billion by 2026, registering a CAGR of 5.89% in the forecast period of 2019-2026.
Global dispensing caps market is expected to grow with a moderate CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the benefits associated with the ease in usage and enhanced levels of hygiene protection for the contents of the package.
Market Definition: Global Dispensing Caps Market
Dispensing caps can be defined as a new innovation in convenience of consumer usage as these caps ensure that the contents of the package can be dispensed off easily without having to unscrew the caps every time before usage. These caps ensure that the contents of the package have enhanced levels of hygienic protection and are spill-proof.
- Regulations regarding the usage of non-recyclable plastics and increasing demand for disposable plastics; this factor is expected to act as a driver for the market growth
- Increasing levels of innovations regarding the available of different products resulting in availability of substitutes; this factor is expected to act as a restraint to the market growth
Segmentation: Global Dispensing Caps Market
- By Material
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Stainless Steel
- Rubber & Elastomers
- By Type
- Flip Top Closures
- Disc-Top Closures
- Trigger Closures
- By End-Use Industry
- Non-Alcoholic Beverages
- Alcoholic Beverages
- Cosmetics & Personal Care
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In April 2018, Weener announced that they had agreed to acquire Proenfar. This acquisition will help Weener in expanding its presence in the South America market and also expand its product portfolio for dispensable packaging methods.
- In April 2017, Silgan Holdings Inc. announced that they had completed the acquisition of WestRock Company’s dispensing systems division. This acquisition will greatly impact the product portfolios and expand the business capabilities of Silgan for dispensing products.
Competitive Analysis: Global Dispensing Caps Market
Global dispensing caps market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of dispensing caps market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Dispensing Caps Market
Few of the major competitors currently present in the market are Maynard & Harris Plastics; Berlin Packaging; O.Berk Company, LLC; Mold-Rite Plastics; TAPLAST S.p.a.; Reynolds; BALL CORPORATION; Crown; Berry Global Inc.; AptarGroup, Inc.; BERICAP; Silgan Holdings Inc.; Guala Closures S.p.A; Dhiren Plastic Industries; RAEPAK LTD and Weener.
Research Methodology: Global Dispensing Caps 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 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, other 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.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of dispensing caps
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis