The global non-aerosol overcaps market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Increasing popularity of rigid packaging and growing application of non-aerosols in cosmetics and food industries are some key factors expected to drive market revenue growth.
Non-aerosol overcaps can be used as liquid measuring cups in various bottles, tins, cans, and sprayer pumps, among others. Factors such as easy usage, safety, high tensile strength, and affordable pricing are increasing their popularity in packaging industries. These overcaps ensure a secure experience to consumers and function as actuators that prevent spillage from non-aerosol containers. Rising demand for takeaway, on-the-go, and convenience products, and increasing online shopping by consumers are some factors expected to contribute to revenue growth of the market.
Non-aerosol overcaps are also used as a secondary seal on containers for added protection of packed liquids. These overcaps are made with high quality packaging materials, such as plastic and metal, among others, to provide protection from dirt, debris, and other external factors. Moreover, unique designs, such as overcaps with aluminum retainers, are affordable options to enhance product appearance and provide a sense of luxury to consumers. These key properties of non-aerosol overcaps are expected to drive their demand in packaging industries across the globe. However, high cost of manufacturing and high selling prices of bottles and cans with overcaps are expected to restrain revenue growth of the global non-aerosol overcaps market over the forecast period.
Competitive Landscape:
The global Non-Aerosol Overcaps market is extremely competitive and comprise of various key players at regional and global levels. These players are focusing on developing strategic alliances such as mergers and acquisitions, partnerships, product launches, joint ventures, to strengthen their market position and enhance their product base. Some of the key companies operating in the global market are Berry Global, Huhtamaki, Precision Valve Corporation, Claytoon Corporation, Berk Company, Cobra Plastics & Others.
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Market Overview:
The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2021 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.
Key questions addressed in the report:
- What size is the global Non-Aerosol Overcaps market expected to reach over the forecast period?
- Which revenue CAGR is the global market expected to register throughout the forecast period?
- Which factors are expected to hamper global market growth during the forecast period?
- Which key factors are expected to driver global Non-Aerosol Overcaps market throughout the forecast period?
- Which application segment is expected to register fastest revenue CAGR between 2021 and 2028?
- Which region is expected to register fastest revenue CAGR throughout the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
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Global Non-Aerosol Overcaps Market Segmentation:
Application Outlook (Revenue, USD Billion; 2019-2030)
- Bottles
- Cans
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Cosmetics and Personal Care
- Food and Beverage
- Paints
- Consumer Goods
- Automotive
Regional Analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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