The global non-aerosol overcaps market is expected to be valued at US$ 238.1 Million in 2022. the overall demand for non-aerosol overcaps is projected to grow at a CAGR of 4.2% between 2022 and 2032, totaling around US$ 359.2 Million by 2032.
Non-aerosol overcaps can be used to measure liquids and suit a variety of bottles and cans with diverse uses. Customers have a straightforward approach to packaging; they look for products that are intuitive, simple to use, secure, environmentally friendly, and economical.
Online shopping and mobile product consumption are becoming more popular among consumers. This has changed how businesses communicate with customers and how they approach packaging solutions.
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Dispensing solutions have an important role in giving consumers a safe experience while using products. Overcaps provide actuators to non-aerosol containers, bottles, cans from spilling the liquid from wastage.
The non-aerosol overcaps market serves many end-use industries such as food and beverage, cosmetics, healthcare, automotive and others. Manufacturers provide overcaps to the industries for standard packaging solutions or cater for their client needs by providing customized options. The non-aerosol overcaps market is anticipated to expand at a subsequent pace in the coming years.
What are Market Opportunities for Non-Aerosol Overcaps Market?
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.
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.
What are the Key Market Trends Impacting the Non-Aerosol Overcaps Market?
In recent years, lightweight non-aerosol cans and bottles are becoming more popular than standard products. Manufacturers focus on providing more sustainable products which are easy to recycle and do not have any harmful effect on the environment.
Spending on research and development has been increased in the past decade to provide a cost-effective product to consumers which will create abundant possibilities for the non-aerosol overcaps market during the forecast period.
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Competitive Landscape
Global Players:
- Berry Global Inc.
- Huhtamaki Oyj
- Precision Valve Corp.
- Claytoon Corp.
- O.Berk Company
- Cobra Plastics
- Dubuque Plastics
- InterPac International LLC
- Rieke Corp and others.
APAC Players:
- Limner Technology Co. Ltd.
- Ningbo Vision Co. Ltd.|
- Wuzi Sunmart Science and Technology Co. Ltd.
- Whea-Stone Co. Ltd.|
- Daisaku Trading Co. Ltd.
- Dhiren Plastics Industries
- AG Poly Packs and others.
What Strategies are Adopted by Key Players for Increasing their Market Share in the Non-Aerosol Overcaps Market?
The players operating in the non-aerosol overcaps market are trying to increase their market reach by expanding their presence in the untapped regions. Also, the key players are trying to focus on increasing their production capacity by developing their manufacturing facilities or through acquisitions:
- In July 2019, Berry Global Inc. acquired RPC Group which is a major European plastic packaging company that will improve the company’s footprint in the region.
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
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