Press release
Forecast on Hinged Dispensing Caps Market for the Period 2017 - 2027
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Growing popularity among the end users such as pharmaceuticals where traditional forms of caps & closures were used is bolstering the demand of the global hinged dispensing caps market. Hinged dispensing caps are now being used for various other pouch formats as they promote not only the reusability but also ensure longer shelf life of the packaged product. The regulatory restrictions laid by the government in certain regions regarding the disposal of plastics is restraining the growth of the global hinged dispensing caps market. Introduction of hinged dispensing caps in pouch formats such as spout pouches is expected to bring in ample opportunities of growth for the global hinged dispensing caps market. Introduction of features such as child resistant hinged dispensing caps is a key trend prevailing in the global hinged dispensing caps market. The advent of bio based caps is also expected to create ample opportunities for growth of the global hinged dispensing caps market.
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On the basis of geography, the global hinged dispensing caps market is segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. North America is expected to lead the global hinged dispensing caps market attributed to its well established end user segments. The cosmetics and beverage end use industry is highly advanced in North America region which is anticipated to bolster the demand of the hinged dispensing caps. Asia Pacific is expected to expand at a comparatively high CAGR, mainly attributed to rising middle class population and disposable income in the region. Consumers in the APAC region are willing to pay for enhanced packaging types. Europe hinged dispensing caps market is anticipated to witness moderate growth due to economic slump in certain regions. Middle East & Africa hinged dispensing caps market is expected to witness sluggish growth over the forecast period.
Some of the key players operating in the global hinged dispensing caps market are Mold-Rite Plastics, Maynard & Harris Plastics, O.Berk Company, Taplast SPA, Gil Plastic Products ltd., and Berlin Packaging L.L.C.
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