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.
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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.
Key Segments Covered in the Global Snap-on Closures Market
By Neck Diameter of Snap-on Closures
- Upto 24 mm
- 24-34 mm
- Above 44 mm
By Snap-on Closures Material Type
By End Use of Snap-on Closures
- Personal Care & Cosmetics
By Market Region of Snap-on Closures
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Australia & New Zealand
- Rest of APAC
- GCC Countries
- South Africa
- North Africa
- Rest of MEA