Snap On Closures Market

Snap-on Closures Market: Adoption in the Personal Care & Cosmetics End-use Sector to Soar During the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2027

  • 2018-11-26
  • REP-GB-7774
  • 154 pages
  • PDF PPT EXCEL
Snap On Closures Market

An Incisive, In-depth Analysis on the Snap On Closures Market

This study offers a comprehensive, 360 degree analysis on the Snap On Closures market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Snap On Closures market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Snap-on Closures Market Analysis: Personal Care & Cosmetics Industry is estimated to dominate the global snap-on closures market throughout the forecast period

According to Future Market Insights’ latest market report titled “Snap-on Closures Market: Global Industry Analysis, 2013 – 2017 and Opportunity Assessment, 2018 – 2027”, the growth of end-user industries across the globe is expected to accelerate the growth of the snap-on closures market, during the forecast period. Globally, the revenue generated by the snap-on closures market has been estimated to be around US$ 11.86 Bn in 2018 and is projected to grow at a CAGR of 5.1% in terms of value during the forecast period.

Global Personal Care & Cosmetics Market Growth

Snap-on closures are most prominent type of caps & closures used in the personal care & cosmetics industry. The hassle-free opening and closing with improved security to prevent product wastage is the key feature of snap-on closures which makes them ideal for use in the personal care and cosmetics industry. Hence, the growth of snap-on closures market closely depends upon the development of the personal care & cosmetics industry. According to the L'Oréal 2017 Annual Report, the global cosmetics market was valued at around US$ 228.31 Bn in 2017. The Asia Pacific and North America are the key regional market for personal care and cosmetics industry and accounted for nearly 62% of the global market share in 2017. The luxury cosmetics market is expected to witness impressive growth in the overall cosmetics market during the forecast period, which can be rise the need of high-end snap-on closures.

Tamper-evident flip-top dispensing nozzle featured in snap-on closures attract manufacturers as well as consumers of personal care & cosmetics

Snap-on closures feature a tamper-evident flip-top dispensing nozzle design that eliminates drips, mess, or clogging. The nozzles in snap-on closures are suitable for a controlled small dose of liquid products with high viscosity and feature orifices that range in size from 2mm to 18mm. These features of snap-on closures are suitable for personal care and cosmetics due to the need for small doses. In the personal care & cosmetics industry, skincare & hair care products are usually packaged with snap-on closures. Skincare & hair care products are estimated to account for about 60% of the market share in global personal care & cosmetics market in the year of 2018.

Pump pressure caps are restraining the growth of the snap-on closures market

Pump pressure caps & closures are also becoming popular among the personal care & cosmetics industry which can be the major restraints in the growth of snap-on closures market. These offer extra security and proper dispensing capability as compared to snap-on closures. 24–34 mm neck diameter pump pressure caps are replacing snap-on closures in packaging for face wash, shampoo, hand wash, hair oil, body care, and others.

Snap-on closures manufacturers to target the personal care & cosmetics industry of North America and Asia Pacific

In 2016, more than 60% of snap-on closures were sold in North America & Asia Pacific regions. Due to the growing population and increased purchasing power of individuals, the Asia Pacific snap-on closures market for personal care & cosmetics is expected to be highly attractive throughout the forecast period. L’Oreal, Unilever, Procter & Gamble, Estée Lauder, Shiseido, and Coty are becoming the trendsetters in the global snap-on closures market.

Key players in the global snap-on closures market

In the global snap-on closures market report, manufacturers with large production capacities from different geographical regions are profiled. The overview, competing strategies, product lines, company revenue, and segmental share of key players in snap-on closures market are evaluated in the competitive landscape. Key players operating in the global snap-on closures market include Amcor Limited, Berry Plastics Group, Inc., AptarGroup, Inc., RPC M&H Plastics Ltd, Silgan Plastic Closure Solutions, O.Berk Company, LLC, Closure Systems International, Inc., Bericap GmbH and Co KG, Global Closure Systems, Weener Plastics Group BV, Blackhawk Molding Co. Inc., CL Smith Company, Georg MENSHEN GmbH & Co. KG, Mold-Rite Plastics, LLC, Alpha Packaging, Inc., and Comar LLC.

Recent developments in the global snap-on closures market

  • In 2016, Aptar Group Inc. launched 54 mm (2-1/8") Royal snap-on closures to offer the capability to achieve shelf appeal along with convenience and clean dispensing to the user.

  • Zeller Plastik, France launched Touareg, a range of lightweight 35 mm-diameter snap-on closures (hinged dispensing closure) for tubes to complete the standard range from 30–50 mm tubes in the Supersoft family range.

  • The Red Dot Design Award awarded Nivea Hand Care's alluring packaging with Weener Plastics Group BV, the dispensing closure (snap-on closures) for appealing Design and the German Packaging Prize.

In the global snap-on closures market report, we have discussed individual strategies followed by key players to sustain in the competition. The competition dashboard of significant key players is provided in the global snap-on closures market report.

In this report, Future Market Insights (FMI) offers forecast data of the global snap-on closures market between 2018 and 2027. In terms of value, the global snap-on closures market is expected to expand at a CAGR of 5.1% during the forecast period. The study reveals the dynamics of the snap-on closures market in six geographic segments, along with a market analysis for the current market environment and future scenario over the forecast period.

Snap-on Closures Market - Report Description

This Future Market Insights report studies the global snap-on closures market for the period 2018–2027. The prime objective of this report is to offer insights and key market trends affecting to the global snap-on closures. The insights given in the snap-on closures market report are presented in a manner which can be useful to take a business decision by analysing the historical and forecasting data.

The global snap-on closures market report begins with an executive summary in which the short information about market scenario is presented. It is followed by the market dynamics and an overview of the global snap-on closures market, which includes FMI analysis of the market drivers, restraints, and trends that are affecting the growth of the snap-on closures market. Furthermore, to understand the year-on-year trends of the snap-on closures market, a Y-o-Y analysis with elaborated insights is provided.

The next section of the report highlights the snap-on closures market by region and provides the market outlook for 2018–2027. The study analyses the drivers that influence the regional snap-on closures market. The main regions assessed in this report include North America, Latin America, Western and Eastern Europe, Asia Pacific (APAJ), and Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional snap-on closures market for 2018–2027. A country-level analysis of snap-on closures market is presented in the report.

To ascertain the size of the snap-on closures market in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the snap-on closures market. In order to provide an accurate forecast, we initiated by sizing up the current market with the help of the parent market. We gathered data from secondary research for snap-on closures market and validated it through primary research. Also, we form the basis of how the snap-on closures market is expected to develop in the future by taking into account the opinions of industry experts. Given the characteristics of the snap-on closures market, we triangulated the outcome on the basis of three different types of analysis- based on the supply side, downstream industry demand, and economic envelope. Additionally, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters to understand the predictability of the snap-on closures market and identify the right opportunities across the market.

The segments for the global snap-on closures market have been analysed in terms of their market share to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying the key trends in the snap-on closures market.

In the final section of the report on snap-on closures, a 'dashboard view' of the companies is provided to compare the current industrial scenario and their contribution to the total snap-on closures market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. The report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the snap-on closures marketplace.

Detailed profiles of companies are also included in the global snap-on closures market report to evaluate their strategies, key product offerings, and recent developments. The key players operating in the global snap-on closures market include Amcor Limited, Berry Plastics Group, Inc., AptarGroup, Inc., RPC M&H Plastics Ltd, Silgan Plastic Closure Solutions, O.Berk Company, LLC, Closure Systems International, Inc., Bericap GmbH and Co KG, Global Closure Systems, Weener Plastics Group BV, Blackhawk Molding Co. Inc., CL Smith Company, Georg MENSHEN GmbH & Co. KG, Mold-Rite Plastics, LLC, Alpha Packaging, Inc., and Comar LLC.

Key Segments Covered in the Global Snap-on Closures Market

By Neck Diameter of Snap-on Closures

  • Upto 24 mm

  • 24-34 mm

  • 34-44mm

  • Above 44 mm

By Snap-on Closures Material Type

  • PP

  • LDPE

  • HDPE

By End Use of Snap-on Closures

  • Food

  • Beverages

  • Pharmaceuticals

  • Personal Care & Cosmetics

  • Others

By Market Region of Snap-on Closures

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • Italy

    • France

    • Spain

    • U.K.

    • Rest Of Western Europe

  • Asia Pacific (APAC)

    • China

    • India

    • ASEAN

    • Australia & New Zealand

    • Japan

    • Rest of Asia Pacific

  • Middle East and Africa (MEA)

    • North Africa

    • GCC Countries

    • South Africa

    • Turkey

    • Israel

    • Rest of MEA

Snap On Closures Market Reports - Table of Contents

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