Global Flat Valve Caps and Closures Market | Impressive CAGR of 7% by 2027
"Flat Valve Caps and Closures Market By Material Used (Plastic, Metal, others); By Application (Beverage, Food, Cosmetic and personal care products, Pharmaceutical, Industrial chemicals, others) - Global Demand Analysis & Opportunity Outlook 2027"
Flat valve caps and closures are considered to be the most important part of packaging and containers such as bottles, tubes, canisters, cans and beverage cartons. Owing to the elevation in consumer preference and huge market potential, the flat valve caps and closures market is anticipated to perceive a significant growth worldwide during forth coming years. Global flat valve caps and closures market is contemplated to grow on the heels of factors such as constant growth in healthcare and personal product globally.
The Global Flat Valve Caps and Closures Market is anticipated to exist at USD 10 billion in 2017. Additionally, the Flat valve caps and closures market anticipated to attain a CAGR of 7% during the forecast period.
The Asia pacific Flat valve caps and closures market evince significant growth owing to the developing countries such as India and China due to increasing consumer base. Increasing disposable income and per capita income along with the high penetration of food and beverage items in the market has led to the increased in the customer base. Additionally, due to increase in penetration of Food and Beverage industry & increase in number of companies indulged in manufacturing of flat valve caps and closures is expected to fuel demand for such products all across the world. Europe and North America Flat valve caps and closures market is also anticipated to exist as high volume market with most of the established players have their presence in this region. Hence, such regions are anticipated to observe a nominal growth in the flat valve caps and closures market. MEA and Latin America are anticipated to perceive normal growth in flat valve caps and closures market in forth coming years.
Surge in Food and Beverage Industry
Flat valve caps and closures manifests high demand amongst various sectors which includes food and beverage sector, cosmetic and personal care, healthcare and toiletries products. Additionally, pertinent innovations among caps and closures are also responsible for the subsequent growth of flat valve caps and closures market. Various innovations include the dripless valves which are primarily used in food packaging, Simpli Squeeze cap from Seaquist Closures that allow controlled dispensing.
Prevalence of Inverted Packaging
The forthcoming trend in this market suggests the increasing prevalence of inverted packages using flat valve caps and closures. Inverted packages of various types are gaining attraction in food and personal care industry and are expected to accelerate flat valve caps & closures market globally.
Standardization in Packaging
The demand for global flat valve caps and closures market is anticipated to witness significant growth owing to the consumer attraction towards convenient packaging. The demand of consumer towards the facilitation of storage and the simplification of obtaining product from the containers.
This report also provides the existing competitive scenario of some of the key players of the Flat valve caps and closures market which includes company profiling of Blackhawk Molding Company Incorporated, Amcor, Bericap Holdings, Global Closure System, Crown Holdings, Siligan Holdings, Reynolds Group Holdings, Closure System International, Oriental Containers, Guala Closures Group, Berry Plastics and Pelliconi.
