Global Snap-on Closures Market - 2021-2028
本報告調查了全球卡扣式瓶蓋市場，按細分/地區對市場規模和增長的趨勢和預測、新型冠狀病毒感染 (COVID-19) 的影響分析以及市場增長進行了概述。它提供了對促進因素和限制因素、市場機會、競爭條件、主要公司概況等的分析。
Global Snap-on Closures Market Overview
The global snap-on closures market size was worth US$ XX billion in 2020 and is projected to record significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Snap-on closures are used to seal bottles with liquid contents since liquid can degrade more easily than solid contents. These caps are crucial in the packaging of liquids to prevent contamination and maintain sanitation. Furthermore, the closures also include a tamper-evident flip-top dispensing nozzle that prevents leaks, spillage, and clogging. Snap-on closures have nozzles with orifices ranging from 2mm to 18mm suited for a controlled tiny dose of liquid products with high viscosity.
Snap-on Closures Dynamics
Tremendously improving demand and consumption of personal care and beauty products has created immense market opportunities for snap-0n closures market in recent times. In addition, increasing demand for packaging items from the pharmaceutical industry offering excellent hygiene and avoid contamination is expected to improve the market share for snap-on closures in the forecast period.
Tremendously improving demand and consumption of personal care and beauty products has created immense market opportunities for snap-0n closures market in recent times.
Compared to the last year, the global cosmetic market expanded by an estimated 5.5 percent in 2018. The cosmetic market's primary product categories include skincare, haircare, make-up, perfumes, toiletries and deodorants, and oral cosmetics. The most popular category was skincare, which accounted for around 39% of the global market. Haircare products accounted for another 21%, with make-up accounting for the remaining 8%. The consumption numbers are expected to grow even further in the forecast period due to consumers' growing concerns towards personal care and maintaining personal hygiene.
Furthermore, improving the beauty industry and their products improves the demand for flexible packaging and upgrades the market share of Snap-on closures. Snap-on closures are perfect for the personal care and cosmetics industries since they are simple to open and close and provide increased security to reduce product waste. As a result, the development of the personal care and cosmetics business has a significant impact on the growth of the snap-on closures market.
Increasing demand for packaging items from the pharmaceutical industry offering excellent hygiene and avoid contamination is expected to improve the market share for snap-on closures in the forecast period
The pharmaceutical industry is responsible for improving the packaging market at an unprecedented rate in the recent period. Furthermore, in 2015, the global market value of pharmaceutical packaging was about 68.75 billion U.S. dollars and is estimated to reach 104.88 billion U.S. dollars by 2022. These rising numbers are due to the increasing shift of manufacturers towards hygiene, and maintaining a sanitized environment is improving the business of snap-on closures in the pharmaceutical industries. Furthermore, this packaging offers excellent protection of stored medicine or ointment from the surrounding environment and can be resealed again after every usage.
Stringent government policies towards the overuse of plastic are hurdling the growth of snap-on closures these days.
The government has launched various policies towards the overuse of plastic. The plastics business originated in the United States in the early 1900s, when Leo Hendrik Baekeland invented the first synthetic plastic. Annual global plastic output has increased since the business began, from 1.5 million metric tonnes in 1950 to 359 billion metric tonnes in 2018. The cumulative production of plastic has already surpassed eight billion metric tons worldwide, with further increases expected in the coming decades. This rising percentage of plastic has tremendously hampered the environment. It is responsible for holding a percentage for causing pollution for many decades, which leads to various strict policies towards the overuse of plastic, thereby hampering various packaging industries in recent times. Snap-on closures are majorly made up of plastic and create a major market share since the arrival of packaging products; however, increasing government concerns towards environmental protection from plastic is responsible for hampering the market growth of snap-on closures forecast period.
COVID-19 Impact Analysis
COVID-19 had a negative effect on the market in 2020. Various manufacturing units were shut down during the high peak of the pandemic, leading to a halt of all the production units of different packaging industries. Snap-on closures are in high demand in the cosmetic and pharmaceutical industries. Due to the outbreak of covid-19, the consumer from these end-users has seen unprecedented downfall, severely hampered the market share of the product during 2019-2020 period. Furthermore, supply chain disruption is another factor challenging the growth of the snap-on closures market during recent times. However, conditions are reviving in many parts of the world, which is expected to revive the market growth of snap-on closures in the forecast period.
Snap-on Closures Market Segment Analysis
The global Snap-on Closures market is segmented based on type, material type, closures type, diameter, end-user, and region.
Flip-top with tamper-evident dispensing nozzle designs has build the highest market share in the past few years. These designs can eliminate drips, mess, or clogging every efficiently and accurately.
The global snap-on closures market is segmented into flip-top, bottle stopper, and twist-off cap in terms of closure type. Out of the mentioned types of closures, flip top with tamper-evident dispensing nozzle designs has built the highest market share since the past few years. These designs can eliminate drips, mess, or clogging every efficiently accurately. Snap-on closures have nozzles with orifices ranging from 2mm to 18mm suited for a controlled tiny dose of liquid products with high viscosity. Because of the necessity for small doses, snap-on closures are ideal for personal care and cosmetics. Skincare and hair care products are commonly packaged with snap-on closures with flip-top features in the personal care and cosmetics business. Thus improving the cosmetics and personal care industry is expected to improve the market share for the top flip segment in the forecast period.
Snap-on Closures Market Geographical Analysis
Increasing investment from multinational packaging companies, primarily in developing countries like India and China, increasing the development of new packaging entrants, and expanding manufacturing facilities are boosting the market share for Asia-pacific countries.
The Asia Pacific is expected to show maximum growth owing to increasing investment from multinational packaging companies, primarily in developing countries like India and China. In addition, the development of new packaging entrants and the expansion of manufacturing facilities by established manufacturers in this region have accelerated the market's growth. Furthermore, North America and Europe are expected to experience above-average growth in the snaps on closure market over the forecast period. Latin America and Middle East & Africa are expected to witness stagnant growth in the snap-on caps and closure market over the forecast period. Brazil and Mexico are projected to open up new markets for snap-on cap and closure manufacturers in Latin America.
Snap-on Closures Market Competitive Landscape
The snap-on closures market is highly fragmented with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Berry Plastics Group, Inc., AptarGroup, Inc., RPC M&H Plastics Ltd, Amcor Limited, Silgan Plastic Closure Solutions, O.Berk Company, LLC, Weener Plastics Group BV, Blackhawk Molding Co. Inc., CL Smith Company, Georg MENSHEN GmbH & Co. KG, Alpha Packaging, Inc., and Comar LLC. and among others.
The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to globally snap-on closures. In addition, the key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.
Overview: AptarGroup, Inc., usually known as Aptar, is a global manufacturer of consumer dispensing packaging and medicine delivery systems based in the United States. The company has manufacturing facilities in 18 different countries.
Snap-Top - Simplicity: High dispensing convenience is provided by the scalloped lid surrounding the finger recess and the enlarged directed spout. The low-profile form lends itself to several personal care applications, including body, hair, and facial care.
The global snap-on closures market report would provide approximately 77 market data tables, 77 figures, and 280 pages.
Target Audience 2022
LIST NOT EXHAUSTIVE