Snap on Rubber Stopper Market Overview
The global snap on rubber stopper market is expected to increase at a growth rate of around ~4.4% to 5.5% during the forecast period.
In 2021, the US snap on rubber stoppers market grew by 5% year on year, bucking initial skepticism about how the market would perform during a global pandemic. Across the whole of North America, total demand of latex rubber increased significantly.
Global Snap on Rubber Stopper: Market Outlook
Snap on rubber stoppers are a type of closures used for sealing vials and bottles. These stoppers are generally made from latex or butyl rubber, which provide excellent barrier properties and perfect fit, keeping the packaged contents intact. The largest market of the product is undertaken by the pharmaceutical industry.
The snap on rubber stoppers are an effective and efficient solution in the industry and therefore gaining popularity among the manufacturers and end-users in the industry. Snap on rubber stopper are also commonly used in the research and development laboratories for food, beverage, chemicals, and cosmetics, among others.
What are the Key Trends Impacting Growth of the Snap on Rubber Stopper Market?
The industries like food, cosmetics, pharmaceutical among others are witnessing a drastic transition with consistent product launches by players in the industry. This is mainly because of the tremendous investments of the key players in the research and development of innovative products. These investments in research laboratories have positively impacted the snap on rubber stopper market as well.
The extensive applications of the target product in the labs is because of its several properties like barrier strength, perfect rim fit and airtight sealing. With the growth in the number of research facilities across the globe, the demand for snap on rubber stoppers is anticipated to propel further.
How is the Growth of Pathology Services Industry Reshaping the Snap on Rubber Stopper Market?
The pathology services industry plays a very important role in the healthcare market. The technological advancements and increasing number of viral diseases have led to drastic growth of the pathology services industry.
In the emerging nations, there has been a significant rise in the number of pathological laboratories as a result of consistent efforts of the governments in improving the healthcare facilities. The pathology services industry generates a severe demand for snap on rubber stoppers and is playing a major role in bolstering the market growth.
What are the Key Challenges that may Restrain Growth of the Snap on Rubber Stopper Market?
The snap on rubber stoppers has a limitation in their application as they can be only used in the blow-back vials and not in other types like straight-walled vials.
Further, the alternatives to the target products like nitrile and silicone stoppers are also gaining pace in the market. These factors might prove to be a slight restraint in the growth of snap on rubber stopper market.
Key global players such as
- DWK Life Sciences Ltd.
- Andler Packaging Group, LLC
- Merck KGaA.
- Caplugs LLC
- West Pharmaceutical Services, Inc.
- The Plasticoid Company
- Assem-Pak, Inc.
- Adelphi Group
- APG Pharma
- Dätwyler Holding Inc.
- Sanok Rubber Company SA
are in the snap on rubber stopper market.
Key Asian players in the snap on rubber stopper market are
- Fengchen Group Co., Ltd.
- Jiangyin Hongmeng Rubber Plastic Product Co., Ltd.
- Etol Rubber and Plastic Products Co., Ltd.
- Nipro Corporation
- Qingdao HUAREN Medical Co., Ltd.
- Jayco Pharma Packaging and Yantai Xinhui Packing Co., Ltd.
What Strategies are the Key Players adopting to Increase their Market Share in the Snap on Rubber Stopper Market?
The key players in the industry are focusing on expanding their geographical reach. The players are aiming to penetrate the market in the emerging regions and enhance their local presence in an attempt to maximize their market share. To achieve this the players in the snap on rubber stopper market are involved in strategic partnerships and acquisitions.
What are the Key Opportunities for Snap on Rubber Stopper Manufacturers?
Plastic closures are widely used for sealing vials and bottles in many industries. The snap on rubber stoppers have superior sealing qualities than the plastic caps and are significantly more durable. This has resulted in elevating the demand for the target market.
Currently, there are very few manufacturers of snap on rubber stoppers compared to plastic stoppers and closure, building a demand-supply gap. The manufacturers have the opportunity to fill this gap by expanding their production capabilities and product offerings to several industries that are using plastic closures.
Why will the India Generate Significant Demand for the Snap on Rubber Stopper Market?
India is among the top twelve players in the field of biotechnology and is progressing rapidly with the increasing number of start-ups in the field, according to a report published by the Indian Brand Equity Foundation (IBEF) in June 2021.
The growth of the biotechnology sector in India is anticipated to play a significant role in augmenting the demand for snap on rubber stoppers in the country.
What is the Repercussion of the Pandemic on the Growth of the Snap on Rubber Stopper Market?
The negative repercussions of the COVID-19 pandemic on the snap on rubber stopper market were significantly minor compared to other industries. This is mainly because the end-use industries of the target market like biotechnology, pharmaceutical and pathological services industry were some of the least affected markets amid the pandemic.
Key Segments of Snap on Rubber Stopper Market Covered in the Report
Based on Material Type:
- Butyl Rubber
- Latex Rubber
Based on Size:
- 7 x 13 mm
- 13 x 20 mm
- 15 x 30 mm
Based on End-use:
- Pathological and Diagnostic Service Industry
- Academic and Research Institutes
- Pharmaceutical Industry
- Biotechnology Industry
Based on the Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa