Press release
Non-Aerosol Overcaps Market Soars: Anticipated to Reach US$ 359.2 Million by 2032 with a Robust 4.2% CAGR Growth
Non-Aerosol Overcaps Market
In the ever-evolving realm of packaging, the Non-Aerosol Overcaps Market has emerged as a pivotal force. This comprehensive article delves into the intricacies of this market, offering valuable insights and expertise on the subject. From its significance to the latest innovations, we have you covered.
Non-Aerosol Overcaps Market: An Overview
Non-aerosol overcaps are protective closures designed to cover containers without the use of aerosol-based mechanisms. These closures serve as a barrier, preventing spillage, contamination, and ensuring product integrity. In industries ranging from personal care and cosmetics to pharmaceuticals and household products, non-aerosol overcaps have become indispensable.
Between 2022 and 2032, the non-aerosol overcaps market is set to experience a steady rise, with a projected compound annual growth rate (CAGR) of 4.2%. This growth trajectory is expected to culminate in a market value of approximately US$ 359.2 million by the year 2032.
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Trends Shaping the Non-Aerosol Overcaps Market
The Non-Aerosol Overcaps Market is experiencing several noteworthy trends:
1. Sustainability: As consumers gravitate toward eco-friendly products, manufacturers are opting for sustainable overcap materials, contributing to reduced environmental impact.
2. Innovative Designs: Creative and user-friendly overcap designs are gaining traction, enhancing both functionality and aesthetics.
3. Customization: Brands are seeking unique overcap designs to distinguish their products in a competitive market, driving the demand for customized solutions.
What are Market Opportunities for Non-Aerosol Overcaps Market?
1. Overcaps have enormous benefits which include providing protection from dust, decreasing the chances of accidental discharge or formation of micro-organisms over the sprayer surface.
2. Overcaps provides enhanced aesthetics to the packaging of the product. Especially plastic overcaps which nowadays offers an opportunity for printing on the surface for the branding of the product. This provides an edge over the promotion for products and brands and subsequently increases the sales for non-aerosol overcaps during future years.
Recent Developments
1. Berry Global Inc. bought RPC Group, a leading European plastic packaging firm, in July 2019, expanding the company's foothold in the area.
Competitive Landscape
Global Players:
1. Berry Global Inc.
2. Huhtamaki Oyj
3. Precision Valve Corp.
4. Claytoon Corp.
5. O.Berk Company
6. Cobra Plastics
7. Dubuque Plastics
8. InterPac International LLC
9. Rieke Corp and others.
APAC Players:
1. Limner Technology Co. Ltd.
2. Ningbo Vision Co. Ltd.|
3. Wuzi Sunmart Science and Technology Co. Ltd.
4. Whea-Stone Co. Ltd.|
5. Daisaku Trading Co. Ltd.
6. Dhiren Plastics Industries
7. AG Poly Packs and others.
Why will India Hold a Prominent Share in the Non-Aerosol Overcaps Market?
India will capture a significant portion of the non-aerosol overcaps market by the end of 2031 due to an exponential increase in packaging for personal care & cosmetics, pharmaceutical products. Also, factors that will lead to India's rise in market share are low tax rate on food, cosmetics and personal care products and skilled labour which is extensively available and cheap.
The rising numbers of Indian end-use industries such as FMCG, online retail, home care products will cause a positive impact on the country's share in the APAC market. All these factors considered India will have a major hold in the non-aerosol overcaps market during the forecast period.
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Key Segments of Non-Aerosol Overcaps Market Covered in the Report
By Material Used:
Plastic
Polyethylene
Polypropylene
Others
Metal
Aluminium
Steel
Others
By Basis of Diameter:
Less than 30 mm
31 to 40 mm
41 to 50 mm
More than 50 mm
By Application:
Cans
Bottles
By End-use Industries:
Food & Beverages
Consumer Goods
Automotive
Pharmaceuticals & Healthcare
Painting and Coating Industry
Personal care & Cosmetics
Others
Find other Packaging Report Here:
Paperboard Jars Market: https://www.futuremarketinsights.com/reports/paperboard-jars-market
Fast Food Containers Market: https://www.futuremarketinsights.com/reports/fast-food-containers-market
Flow Pack Machine Market: https://www.futuremarketinsights.com/reports/flow-pack-machine-market
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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