Global Polyethylene Closure Market, By Product Types (Compression Moulding and Injection Molding), Application (Beverage Industry, Pharmaceutical Industry and Personal Care Products), Country (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, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Polyethylene Closure Market
The polyethylene closure market is expected to witness market growth at a rate of 5.5% in the forecast period of 2022 to 2029 and is expected to reach USD 3,723.9 million by 2029. Data Bridge Market Research report on polyethylene closure market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand from small and medium scale end-user industries is escalating the growth of polyethylene closure market.
Polyethylene has long been favoured for water bottle closures owing to its higher organoleptic that is taste and odor properties. Now, numerous NOVA chemicals polyethylene resins have the performance characteristics that are needed for hot fill and carbonated soft drink (CSD) beverage closures. Changing hot fill and CSD from polypropylene to polyethylene allows the closure to have a one-piece construction, which provides two key sustainability advantages: less material usage and easier recyclability to reduce landfill waste.
Major factors that are expected to boost the growth of the polyethylene closure market in the forecast period are the rise in the demand for convenience and concerns regarding product security and safety and the increasing disposable income levels of consumers in emerging economies. Furthermore, the growing demand from food and beverages and chemical industries is further anticipated to propel the growth of the polyethylene closure market. Moreover, the increase in the need for bottled water is further estimated to cushion the growth of the polyethylene closure market. On the other hand, the occurrence of product substitute and the growing concerns related to the biodegradability and carcinogenicity of plastics is further projected to impede the growth of the polyethylene closure market in the timeline period.
In addition, the rise in the demand for childcare products and the wide research and development activities will further provide potential opportunities for the growth of the polyethylene closure market in the coming years. However, the presence of matured markets in advanced regions might further challenge the growth of the polyethylene closure market in the near future.
This polyethylene closure market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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, geographical expansions, technological innovations in the market. To gain more info on the polyethylene closure market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Polyethylene Closure Market Scope and Market Size
The polyethylene closure market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product types, the polyethylene closure market is segmented into compression moulding and injection molding.
- On the basis of application, the polyethylene closure market is segmented into beverage industry, pharmaceutical industry and personal care products.
Polyethylene Closure Market Country Level Analysis
The polyethylene closure market is analyzed, and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the polyethylene closure market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polyethylene closure market due to the rise in the consumers are becoming more health-conscious. Furthermore, the increasing demand for healthy beverages will further boost the growth of the polyethylene closure market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the polyethylene closure market due to the rise in the population. Moreover, the growing industrialization and urbanization and the easy obtainability of raw materials is further anticipated to propel the growth of the polyethylene closure market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyethylene Closure Market Share Analysis
The polyethylene closure market competitive landscape provides details by a 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 the polyethylene closure market.
Some of the major players operating in the polyethylene closure market are BERICAP, Closure Systems International, AptarGroup Inc., Silgan Holdings Inc., ALPLA-Werke Alwin Lehner GmbH & Co KG, Mold-Rite Plastics, Oricon Enterprises Ltd., Henan Zhongfu industry Limited, BLACKHAWK, MOCAP, Amcor plc, Crown Holdings Inc., Berry Global Inc., BALL CORPORATION, ALBEA and Coral Products among others.
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