March 11, 2022
According to the research report titled ‘Global Non-Aerosol Overcaps Market Size study, by Material used (Plastic, Metal, 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) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global non-aerosol overcaps market is anticipated to progress with a CAGR of 6.7% over 2021-2027.
Report findings suggest that growing cognizance about the importance of safe product packaging among the consumers is primarily driving the global non-aerosol overcaps market. Also, inclination towards reusable packaging will also boost product demand.
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For the uninitiated, non-aerosol overcaps can be used as a liquid measuring cup. They are widely utilized in cans and bottles of pharmaceutical, cosmetic, personal care, food & beverage products.
Rising demand for medical and cosmetic items and increasing research & development efforts towards cost-effective packaging solutions are expected to impel the industry share throughout the forecast period.
However, strict government policies about eco-friendly packaging may stifle the industry outlook over the projection period of 2021-2027.
Based on material, worldwide non-aerosol overcaps market is divided into metal, plastic, and others. In terms of diameter, the industry is branched into less than 30 mm, 41 to 50 mm, 31 to 40 mm, and more than 50 mm.
By application ambit, the marketplace is split into cans, and bottles. On the basis of end-use spectrum, the industry is categorized into personal care & cosmetic, painting & coating industry, pharmaceuticals & healthcare, automotive, consumer goods, food & beverages, and others.
Regionally speaking, Asia Pacific market holds a substantial revenue share at present and is anticipated to grow at a rapid rate over the analysis timeframe. The expansion is attributed to the growing importance of packaging in the cosmetic, pharmaceutical, and personal care industries, widespread awareness about the importance of safe packaging, and strict government rules governing the packaging of goods in the region.
The key players in global non-aerosol overcaps marketplace are Dhiren Plastic Industry, Rieke Packaging, IntraPac International Corporation, Dubuque Plastics, Cobra Plastics, O.Berk Company, Clayton Corporation, Precision Valve Corporation, Huhtamäki Oyj, and Berry Globals Inc.