Hinged Dual Flap Caps Market is Anticipated To Register A Significant CAGR Over A Forecast Period

For gaining competitive advantage manufacturers are investing in research and development for developing packaging solutions for increasing the comfort of consumers. Hinged dual flap caps were developed by manufacturers for increasing the convenience of the users for accessing product. Typically hinged dual flaps are mounted on tubes and food packaging containers. Hinged dual flaps have dual openings which enable consumers to dispense the product according to the requirement of the application. Polyester, Polyethylene, and Polypropylene are the most commonly used material for hinged dual flap caps. Hinged dual flap caps are available in a variety of combination of closures for proper dispensing of the product. The packaging of spice, sweeteners, snacks chemicals and personal care products are some example where hinged dual flap caps are extensively used.

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Hinged Dual Flap Caps Market: Market Dynamics

With increasing consumption of packaged food, global food packaging industry is growing rapidly at a CAGR of over 7% and is estimated to expand by 2X over the forecast period. To tap the huge potential of food packaging industry manufacturers are introducing a new innovation in food packaging market. Hinged dual flap caps is introduced by packaging manufacturers to let the consumer access the product more frequently with ease. Hinged dual flap caps helps the end user to dispense the product in required amount according to the application through its different openings is another factor supporting the growth in Hinged dual flap caps market. Hinged dual flap caps are also preferred by the consumers as it allows the manufacturer to access the product without damaging the packaging. Resealing of the packaging using hinged dual flap caps enables manufacturers to consume the product partially. Apart from the dispensing the product in the required amount, the contemporary style of hinged dual flap caps creates a shelf impact resulting in higher turnover of the product. Variety of hinged dual flap caps combinations makes it a versatile closure for many food products. Ease of the availability of the raw material for manufacturing of hinged dual flap caps is expected to push hinged dual flap caps market in an upward direction. However, hinged dual flaps are commonly used for dispensing of only solid products which may limit the growth in hinged dual flap caps market.

Hinged Dual Flap Caps Market: Market Segmentation

Hinged dual flap caps market is segmented by material type, by end use and by end use industry.

Based on the material type, hinged dual flap caps market is segmented into:

Plastic

Polypropylene (PP)

Polyethylene terephthalate (PET)

Polyethylene (PE)

Low-Density Polyethylene (LDPE)

High Density Polyethylene (HDPE)

Based on the end use, hinged dual flap caps market is segmented into:

Spice

Sweeteners

Snacks Chemicals

Personal Care Products

Based on the end use industry, hinged dual flap caps market is segmented into:

Food

Beverage

Home & Personal Care Products

Chemicals & Pharmaceuticals

Others (Agro products, etc.)

Hinged Dual Flap Caps Market - Regional Outlook:

Regionally global hinged dual flap caps market is segmented into

North America

Latin America

Eastern Europe

Western Europe

Asia-Pacific excluding Japan (APEJ)

Middle East & Africa (MEA)

Japan

APEJ region is expected to account for the largest share in hinged dual flap caps market attributed to the densely populated areas in the region. North America is expected to follow APEJ region due to the highest per capita consumption of goods in the region. Western and Eastern Europe are expected to grow moderately over the forecast period. Latin America and MEA region are expected to be fastest growing regions in hinged dual flap caps market. On the backdrop of the increasing trend for packed food in small quantity hinged dual flap caps market is expected to gain traction in Japan over the forecast period.

Hinged Dual Flap Caps Market - Key Players:

Some major players of the hinged dual flap caps market are O.Berk Company, Maynard & Harris Plastics, Mold-Rite Plastics and U.S. Plastic Corporation

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This release was published on openPR.