Press release
Non-Aerosol Overcaps Market to Reach USD 359.2 Million by 2032, Driven by Versatility and Cost-Effectiveness
The global non-aerosol overcaps market is projected to grow significantly, with a valuation of USD 238.1 million in 2022 expected to increase to USD 359.2 million by 2032. This growth represents a compound annual growth rate (CAGR) of 4.2% over the forecast period.The surge in demand is attributed to the cost-effectiveness and versatility of non-aerosol overcaps, their wide applicability across industries such as automotive, personal care, food & beverages, and their ability to enhance packaging aesthetics through customizable designs.
Non-aerosol overcaps provide essential packaging solutions that are user-friendly, safe, and sustainable. By preventing accidental pressing of container actuators, these overcaps mitigate risks of spills or sprays and reduce wastage of products like deodorant sticks and bottles. Additionally, their protective features extend to keeping dust away and avoiding unintended discharges, thereby ensuring product integrity.
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The market is also benefiting from the increasing demand for personal care and cosmetic products, where non-aerosol overcaps are recognized for their ability to enhance user convenience and support branding efforts through customizable designs.
Non-aerosol overcaps play a vital role in the packaging ecosystem, serving as a functional component that supports ease of use while reinforcing the package's identity. Their inclusion in packaging not only ensures safety and hygiene but also elevates the aesthetic appeal of products, making them a preferred choice for manufacturers and consumers alike.
Key Takeaways:
• From 2017 to 2021, the non-aerosol overcaps market experienced notable growth, with a compound annual growth rate (CAGR) of 2.9%.
• In 2022, North America is projected to dominate the market, accounting for the highest share of 28%.
• Europe is expected to secure a significant market share of 19% in the same year.
• The Asia-Pacific region is anticipated to hold a 13% market share in 2022, with sustained growth projected over the forecast period.
• High demand from end-user sectors like personal care and cosmetics is driving the dominance of non-aerosol overcaps in the market.
Prominent Drivers of the Non-Aerosol Overcaps Market
1. Sustainability Concerns: Increasing consumer demand for environmentally friendly packaging solutions is driving the growth of non-aerosol overcaps. These overcaps are often more sustainable than aerosol-based options, which is appealing to eco-conscious consumers and brands focusing on reducing their environmental footprint.
2. Regulatory Support for Eco-Friendly Packaging: Government regulations aimed at reducing the use of harmful propellants in aerosol products are boosting the demand for non-aerosol alternatives. Policies promoting sustainable packaging and restricting the use of certain chemicals in aerosols are fostering market growth.
3. Cost-Effectiveness: Non-aerosol overcaps tend to be more affordable than aerosol alternatives due to the reduced production and packaging costs associated with propellant-free products. This makes them attractive to both manufacturers and consumers seeking cost-effective solutions.
4. Rising Demand for Personal Care and Household Products: The growing demand for personal care and household items, such as deodorants, hair sprays, and cleaning products, is driving the need for non-aerosol overcaps. These caps provide secure, user-friendly packaging solutions for a wide range of products.
5. Customization and Branding Opportunities: Non-aerosol overcaps offer greater design flexibility, allowing brands to create distinctive and attractive packaging that enhances product appeal. This ability to customize the cap's design and functionality is attracting brands looking to stand out in the market.
Who are the Leading Players in the Non-Aerosol Overcaps Market?
Leading companies in the Non-Aerosol Overcaps market are Berry Global Inc., Huhtamaki Oyj, Precision Valve Corp., Claytoon Corp., O.Berk Company, Cobra Plastics, Dubuque Plastics, InterPac International LLC, and Rieke Corp.
The players in the non-aerosol overcaps market are aiming to broaden their market reach by creating a presence in previously untapped regions. Furthermore, the leading corporations are striving to increase their production capacity through the establishment of manufacturing facilities or acquisitions.
Recent Developments
• Berry Global Inc. bought RPC Group, a leading European plastic packaging firm, in July 2019, expanding the company's foothold in the area.
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Key Segments Covered in the Non-Aerosol Overcaps Industry Analysis
Non-Aerosol Overcaps Market by Material Used:
• Plastic Non-Aerosol Overcaps
• Polyethylene
• Polypropylene
• Others
• Metal Non-Aerosol Overcaps
• Aluminium
• Steel
• Other Materials-based Non-Aerosol Overcaps
Non-Aerosol Overcaps Market by Diameter:
• Non-Aerosol Overcaps measuring less than 30 mm
• Non-Aerosol Overcaps measuring 31 to 40 mm
• Non-Aerosol Overcaps measuring 41 to 50 mm
• Non-Aerosol Overcaps measuring more than 50 mm
Non-Aerosol Overcaps Market by Application:
• Non- Aerosol Overcaps for Cans
• Non- Aerosol Overcaps for Bottles
Non-Aerosol Overcaps Market by End-Use Industries:
• Food & Beverages
• Consumer Goods
• Automotive
• Pharmaceuticals & Healthcare
• Painting and Coating Industry
• Personal Care & Cosmetics
• Other End-Use Industries
Non-Aerosol Overcaps Market by Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East and Africa
• Oceania
Have a Look at Another Post on the Packaging Domain:
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Blow-fill-seal Equipment Market - https://www.fmiblog.com/2024/10/15/blow-fill-seal-equipment-market-is-growing-at-a-strong-cagr-of-3-3-by-2033-future-market-insights-inc/
Inkjet Printers Market - https://www.fmiblog.com/2024/10/15/inkjet-printers-market-is-expected-to-reach-a-high-valuation-of-usd-11-6-billion-by-2033-fmi/
Metallized Film Market - https://www.fmiblog.com/2024/10/15/global-metallized-film-market-to-be-worth-usd-7-2-billion-by-2033-future-market-insights-inc/
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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