Flip top caps and closures help in achieving the ideal product packaging. It offers easy-to-open packaging. With the application, of flip-top caps and closures, customers can easily open and close the bottle, blister pack, clamshell package, and other containers.
Rising demand for several food products, alcoholic, & non-alcoholic beverages is projected to drive the market during the forecast period. Flip top caps and closures have applications in various other end-use sectors such as personal care, pharmaceutical, automotive, and home care.
The flip top caps and closures market is expected to take a turn for the better, rising at a CAGR of 5.2% during the forecast period ranging from 2022 to 2032. According to Future Market Insights, sales of flip top caps and closures in 2022 are likely to total US$ 65 Billion, and will eventually increase at the aforementioned CAGR to be valued at US$ 108 Billion.
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Global Flip Top Caps and Closures Market: Key Players
The main player of flip top caps and closures market are
- Blackhawk Molding Company Incorporated,
- Amcor,
- BERICAP holdings,
- Global Closure Systems,
- Crown Holdings,
- Siligan Holdings,
- Reynolds Group Holdings,
- Closure Systems International,
- Oriental Containers,
- Guala Closures Group,
- Berry Plastics,
- Pelliconi,
- Premier Vinyl Solution, and others.
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments such as application, material, printing technology and geographies.
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Flip Top Caps And Closures Market Overview
Consumer perception of packaging is slowly changing. Attractive packaging is gaining more popularity among consumers, which has resulted in development of more innovative and attractive packaging designs by the manufacturers.
Flip top caps and closures are clean and effective in controlling flow of liquid, allow direction pouring of the product for consumer friendly experience and are also ideal for dispensing higher viscosity product such as cream, milk as well as liquid condiments, spices and seasoning.
Global Flip Top Caps and Closures Market: Dynamics
Flip top caps and closures market is gaining traction owing to rising manufacturing output globally, increasing consumer spending on quality and innovative products. Additionally, availability of wide range of flip top caps and closures which fit bottles, jars, and tubes etc. is expected to further fuel the growth in the flip top caps and closures market and screw on flip top caps is expected to gain significant market share in coming years.
Gaining in flip top caps and closures market will be supported by continuous growth in pharmaceuticals, cosmetics and personal care industry. Flip top caps and closures are easy fluid dispensing which make it convenient for consumer to use product.
Global Flip Top Caps and Closures Market: Regional Overview
Overall, the most rapid increase in global flip top caps and closures demand is expected to occur in the developing regions. Asia Pacific region is expected to be the fastest growing region as compared to other regions owing to increasing manufacturing sector in this region.
The Europe and North America markets are highly mature with high presence of established players. The global flip top caps and closures market is expected to witness healthy growth in near future driven by increasing disposable income together with widening consumer base.
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