Registering a CAGR of 4.5% over the forecast period of 2022-2027, the global Flip Top Caps and Closures Market is anticipated to reach the market value of USD 15859.09 million by 2027 from USD 12460.4 million in 2020.
Flip top caps and closures market is fast traction owing to growing manufacturing output globally, increasing consumer spending on quality and innovative products. Additionally, availability of wide range of flip top caps and closures which fit bottles, jars, and tubes etc. is anticipated to further fuel the growth in the flip top caps and closures market and screw on flip top caps is predictable to gain important market share in coming years. Gaining in flip top caps and closures market will be supported by continuous growth in pharmaceuticals, cosmetics and personal care industry. Flip top caps and closures are easy fluid dispensing which make it convenient for consumer to use product.
In the packaging of medical and food products, moisture control is the main concern, and thermoform plastic acts as barrier films to bring the product in good condition. Thin walling used in various packaging applications has been an additional development factor for the market.
The Flip Top Caps and Closures Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Blackhawk Molding, Amcor plc (NYSE:AMCR), BERICAP holdings, Global Closure Systems, Crown Holdings Inc. (NYSE:CCK), Siligan Holdings, Reynolds Group Holdings, Oriental Containers, Guala Closures Group, Berry Plastics, Pelliconi, Premier Vinyl Solution,Hoffmann Neopac,and many others
Recent Developments:
16 November 2021:New Amcor technology focuses on closures & caps digital exposure. Amcor has launched IMPRESSIONS, a technology developed in collaboration with MGJ that enables brands to customise closure liners, such as the underside of bottle caps.
07 Oct 2020 -- Hoffmann Neopac is introducing the market’s first fully recyclable polyethylene-based (PE) tubes with high-density polyethylene (HDPE) flip-top caps. The mono-material tube and cap combination overcomes a longstanding functionality hurdle for hinged caps, previously made predominantly from less recyclable polypropylene (PP) materials.
Flip Top Caps and Closures Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
Asia Pacific region is anticipated to be the fastest growing region as compared to other regions owing to growing manufacturing sector in this region. The Europe and North America markets are highly mature with high presence of established players. The global flip top caps and closures market is anticipated to witness healthy growth in near future driven by growing disposable income together with widening consumer base. These factors have also led to improved investment by companies engaged in manufacturing and distribution of flip top caps and closures in various regions. MEA and Latin America are predictable to witness moderate growth in flip top caps and closures market over the forecast period.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.5% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Blackhawk Molding, Amcor, BERICAP holdings, Global Closure Systems, Crown Holdings, Siligan Holdings, Reynolds Group Holdings, Oriental Containers, Guala Closures Group, Berry Plastics, Pelliconi, Premier Vinyl Solution |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 158 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Flip Top Caps and Closures Market is studied from 2017 - 2027.
What is the growth rate of Flip Top Caps and Closures Market?
The Flip Top Caps and Closures Market is growing at a CAGR of 4.5% over the next 5 years.
Who are the leading key players in Flip Top Caps and Closures Market?
Blackhawk Molding, Amcor, BERICAP holdings, Global Closure Systems, Crown Holdings, Siligan Holdings, Reynolds Group Holdings, Oriental Containers, Guala Closures Group, Berry Plastics, Pelliconi, Premier Vinyl Solution
What regions regions does this Flip Top Caps and Closures Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Flip Top Caps and Closures Market?
Plastic, Metal, Others
What are the significant Applications of Flip Top Caps and Closures Market?
Beverages and Foods, Cosmetics and Personal Care Products, Pharmaceuticals, Industrial Chemicals, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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