Press release
Friction Fit Closure Market Size, Share - Industry Trend and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Friction Fit Closure" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Friction Fit Closure Market: Market Overview
Friction fit closure is used to seal or close a jug, tube, bottle, or can as devices and techniques. These can be a plug, cover, cap or lid. The other types such as drums and boxes may also have friction fit closures. Friction fit closures are different from the other closure types as they require some extra force to close or open the lid of the container. The friction fit closure is used to keep the life of the contents of the container until the time of opening it. They act as a barrier to the moisture, oxygen, dirt etc. as these are harmful to some products like food and chemicals. These are used to keep the products safe and secure till the undesired opening of the container is done. They are also to be used as reclosing to the box. They are used to provide reasonable safety by keeping the lid tightly closed and to provide the easiest way to open or close it. The friction fit closure is the ones which are made fittest to the structure of the opening of the container. These can be of plastic, rubber or cork.
Friction Fit Closure Market: Market Dynamics
The increasing demand for the friction fit closure comes from the food and beverage industry. The demand for the variation in sizes and different types of geometrical closures is also fulfilled by the food and different types of pharmaceutical industries and is also a major driver for the friction fit market. The rising demand in the friction fit market comes from the cosmetic and personal care industry which is also a rising industry in the developing regions. The increasing demand for the manufacturers and trend is to make the friction fit closure of high volume and of multiple types of geometries in the industry. The rising use of integrated packaging equipment and capital intensive nature, of various type of closures, acts as a restraint to the growth of friction fit closure market. The rise in consumption to the alcoholic beverages is a fueling demand to the growth of friction fit closure market. This factor is in rising from the developed countries in the global market. The increase in the purchasing power of the users has also filled the rising demand in the friction fir closure market.
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Friction Fit Closure Market: Market Segmentation
The friction fit closure market can be segmented on the basis of product type, material type, end user type and on the basis of geography.
On the basis of product type, the friction fit closure market can be segmented into:-
Reclosable friction fit closure
Non-reclosable friction fit closure
On the basis of material type, the friction fit closure market can be segmented into:-
Rubber
Cork
Plastic foam
On the basis of end-user type, the friction fit closure market can be segmented into:-
Food and beverage industry
Pharmaceutical industry
Personal care and cosmetic care industry
Healthcare industry
Chemical industry
Friction Fit Closure Market: Regional Outlook
The friction fit closure market can be segmented on the basis of geography into seven regions as North America, Western Europe, Japan, Latin America, APEJ, Eastern Europe and MEA. Asia Pacific is the maximum revenue contributor in the friction fit closure market owing to the rising demand in the food and beverage industry in the region. The countries like China and India of Asia Pacific are expected to have the high growth in the forecast period. Western Europe and North America are expected to have the rising demand in the forecast due to the technological advancements in the developed countries of the region. However, the Western Europe is expected to rise in a much demanding way than North America due to the rising demand of cosmetic and beverage industry in the region. The Latin America I also expected to drive the demand in the friction fit closure market due to the emerging economies in the countries like Mexico and Brazil.
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Friction Fit Closure Market: Key Players
The prominent players in the friction fit closure market are:-
Bericap Holdings
ABA Packaging Corporation
Berlin Packaging
Airlite Plastics Corp.
Crown Packaging International Inc.
Continental Glass and Plastic Inc.
Cobra Plastics Inc.
Glass Vials Inc.
Cincinnati Container Co.
American Star Cork Co. Inc.
All American Containers Inc.
Friction Fit Closure Market: Competitive Analysis
The friction fit closure market is having the rise in the demand due to the increasing demand in the food and beverages industry in the developing regions in the global market. The manufacturers have to design the friction fit closure with the enough efficiency and error less product so that the demand in the market gets increased and the competition to the other manufacturers gets high. The increasing use of plastic type friction fit closure in the market is due to the rising demand by the manufacturers for the efficient friction fit closure market. This is due to the effective varieties of plastic like PET, PP, and PVC available in the market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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