Southeast Asia Dispensing Caps and Closures Market Segmentation, 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) - Industry Trends and Forecast to 2031.
Southeast Asia Dispensing Caps and Closures Market Size
Southeast Asia dispensing caps and closures market size was valued at USD 299.73 million in 2023 and is projected to reach USD 463.49 million by 2031, with a CAGR of 5.6% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes
|
Dispensing Caps and Closures Market Insights
|
|
Segmentation
|
By Type: Caps and Closures
By Material: Plastic, Metal, Rubber, Glass, Others
By Product: Standard Dispensing Caps and Closures, Custom Dispensing Caps and Closures
By Clip: Single Clip, Double Clip
By Packaging Type: Jars, Tube, Bottles, Others
By Seal Type: Arc Seal, Valve Seal, Flat or Linear Seal, Land Seal, Plug Seal, Combination Land and Valve Seal, Others
By Technology: Dispensing Valve Technology, Dual Dispensing Technology, Others
By End Use: Water, Carbonated Soft Drinks, Juices, Dairy Products, Edible Oil, Soya Sauce, Fish Sauce, Vinegar, Syrup/Concentrate, Others
|
|
Countries Covered
|
Singapore, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Malaysia and Rest of Southeast Asia.
|
|
Key Market Players
|
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
|
Southeast Asia Dispensing Caps and Closures Market Definition
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.
Southeast Asia Dispensing Caps and Closures Market Dynamics
Increasing demand for packaged food and beverages products and retail sector are the major factors for the market growth. 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
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.
Type
- Closures
- Caps
Material
- Plastic
- Metal
- Rubber
- Glass
- Others
Product
- Standard Dispensing Caps
- Closures and Custom Dispensing Caps
Clip
- Single Clip
- Double Clip
Packaging Type
- Jars
- Tube
- Bottles
Seal Type
- Flat or Linear Seal
- Arc Seal
- Plug Seal
- Land Seal
- Combination Land
- Valve Seal
- Others
Technology
- Dual Dispensing Technology
- Dispensing Valve Technology
- Others
End User
- Carbonated soft drinks
- Juices
- Water
- Edible oil
- Soya Sauce
- Fish Sauce
- Vinegar
- Syrup/Concentrate
- Dairy Products
- Others
Southeast Asia Dispensing Caps and Closures Market Regional Analysis
Southeast Asia dispensing caps and closures market is analyzed 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.
Dispensing Caps and Closures Market Share
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.
Dispensing Caps and Closures Leaders Operating in the Market 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.
- PT Indo Tirta Abadi
Latest Developments in Dispensing Caps and Closures
- 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
SKU-