Press release
Cover Caps Market Projected for Promising Growth Prospects over 2017-2027
Global Cover Caps - Market Dynamics:
The market for cover caps is gaining traction in recent few years and is expected to grow significantly due to various factors such as leak proof protection and preference for air tight packaging of liquid products and beverages. The ability of cover caps fitting in various packaging products such as bottles, jars, pouches, tubes, etc. are subsequently growing the market for cover caps. In addition, some of the cover caps also are tamper evident which would help in avoiding counterfeiting of medicines and cosmetics. Furthermore, nowadays consumers are interested in paying more for packaging and increasing the aesthetic nature of the product. Such type of value added features are increasing the scope for cover caps market. Moreover, disposing of caps manufactured from rubber and plastic is a major restraint which is negatively impacting the growth of cover caps market.
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Global Cover Caps - Market Segmentation:
The global cover caps market can be segmented by the raw material type, by packaging type, by technology type, and by the end use type.
On the basis of raw material type, the global cover caps market is segmented into –
Plastic
Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Polyoxymethylene (POM)
Others
Rubber
On the basis of packaging type, the global cover caps market is segmented into –
Bottles
Pouches
Tubes
Ampoules
Others
On the basis of technology type, the global cover caps market is segmented into –
Extrusion
Injection Molding
On the basis of end use type, the global cover caps market is segmented into –
Food & Beverage
Cosmetics & Personal Care
Chemicals & Lubricants
Pharmaceuticals
Others
Global Cover Caps Market – Regional Overview:
The global cover caps market can be divided into seven major regions which are as follows -
North America
Asia-Pacific excluding Japan
Western Europe
Latin America
Middle East & Africa
Eastern Europe
Japan
North America is expected to be a supreme leader for cover caps packaging market over the forecast period, 2017-2025. Europe is to be the second most dominant market for cover caps packaging. Asia Pacific region is expected to witness the highest CAGR over the forecast period for global cover caps packaging market due to increasing preference for aesthetic and convenient packaging in this region. Latin America and Middle East & Africa are anticipated to witness above average growth over the forecast period for the cover caps packaging market.
Global Cover Caps Market – Key players:
Few of the key players in the cover caps market are Nippon Closures Co., Ltd., Closure Systems International, Inc., Banbury Plastic Fittings Limited, Techmarkets, LLC, Mold-Rite Plastics, LLC, Caplugs LLC, MJS Packaging Inc, Harman Corp., Zacros America, Inc, etc.
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