The tear tab lids market is likely to record a strong CAGR of 4% during the forecast period. The tear tab lids market is currently valued at US$ 30 Billion in 2021 and is likely to reach US$ 49.20 Billion by 2032.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2022) | US$ 30 Billion |
| Anticipated Forecast Value (2032) | US$ 49.20 Billion |
| Projected Growth Rate (2022 to 2032) | 4% CAGR |
Sales of tear tab lids are expected to rise owing to the growth in the amount of secure packaging. In addition to this, demand for tear tab lids is rising on account of the lookout for more efficient packaging options that prioritize security for various companies.
Increasing beverage consumption is also projected to contribute to the growth of the tear tab lids market share.
The report sheds light on the factors improving the sales of tear tab lids, and, in turn, the opportunities for the market players. However, the tear tab lid market also faces some challenges, which might limit the tear tab lids market share from reaching its potential.
Some of the key tear tab lid market trends promoting the demand for tear tab lids include the change in manufacturers’ preferences regarding plastic usage.
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Aesthetic packaging along with tamper evidence security is gaining attraction, which is expected to boost the sales of tear-tab lids in the global lids market.
However, decreasing plastic consumption due to the single-use plastic ban is anticipated to reduce the demand for tear-tab lids. The manufacturers in the packaging industry are providing tear-tab lids made up of various materials which primarily include high-density polyethylene.
The tear-tab lids market is anticipated to expand during the forecast period, as per the increasing beverage consumption. Manufacturing sector growth is also expected to impact the growth in the sales of tear-tab lids in an indirect way, wherein, the growth of protective packaging is triggering market growth.
The food & beverage industry growth is anticipated to drive the sales of tear-tab lids in the market during the forecast period.
The demand for tear-tab lids is anticipated to expand with a moderate CAGR during the forecast period, owing to a change in manufacturers’ preference regarding plastic usage.
Increasing consumption of soft drinks, energy drinks, as well as carbonated drinks is expected to create a demand for tear-tab lids.
The rise in beverage consumption is anticipated to boost the sales of tear-tab lids in North America during the forecast period.
In Europe, the decrease in the usage of disposable plastic products is expected to hinder the demand for tear-tab lids. However, sustainable product offerings such as bio-based plastic lids and recyclable plastic lids may gear up the sales of tear-tab lids in the upcoming years.
In European countries such as Germany, Belgium, and the United Kingdom, a ban on single-use plastic products may affect the tear-tab lids market growth during the forecast period.
Owing to increasing urbanization and demand for secure & sustainable packaging in emerging regions including India, Mexico & China, the tear-tab lids market to gain attraction in the near future.
East Asia is expected to create higher incremental opportunities than Latin America in terms of beverage packaging market growth during the forecast period.
Some of the leading manufacturers in the tear-tab lids market are Essentra Pty Ltd., Aaron Packaging Inc., Letica Corporation, etc.
Key manufacturers are offering resealable tear-tab lids with a snug and secure fit design, which is expected to impact the brand owner’s choice during mass purchase. Some of the manufacturers are offering tear-tab lids with Styrene-Butadiene Rubber gaskets which help preserve the contents inside the packaging.
The report consists of key players contributing to the dual chamber bottles market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyses the competitive landscape and dual chamber bottles market share acquired by players to strengthen their market position.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Material Used, Sales Channel, Application, Region |
| Regional scope | North America; Latin America; Europe; Middle East and Africa; East Asia; South Asia; Oceania |
| Country scope | USA; Canada; Mexico; Europe; Germany; UK; France; Russia; Italy; Rest of Europe; China; Japan; South Korea; India; Southeast Asia; Rest of Asia-Pacific; South America; Brazil; Argentina; Columbia; Rest of South America; Saudi Arabia; UAE; Egypt; Nigeria; South Africa; Rest of Middle East and Africa |
| Key companies profiled | Essentra Pty Ltd., Aaron Packaging Inc., Letica Corporation |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The tear-tab lids market is predicted to grow at 4% CAGR through 2032.
The North America tear-tab lids market holds the highest revenue potential.
The tear-tab lids market is expected to surpass US$ 49.20 Billion by 2032.
The tear-tab lids market size is anticipated to be over US$ 30 Billion in 2022.
1. Executive Summary | Tear-tab Lids Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Material Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Impact of Covid-19 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Macro Factors and Forecast Factors 3.4. Value Chain Analysis 3.4.1. Profit Margin Analysis 3.4.2. Raw Material Suppliers 3.4.3. Manufacturers, Wholesalers, and Distributors 3.4.4. End Users/ Customers 3.5. Regional Parent Market Outlook 3.6. Production and Consumption Statistics 3.7. Global Average Pricing Analysis Benchmark 4. Global Market Analysis 2015 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2015 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Material 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by Material, 2015 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by Material, 2022 to 2032 5.3.1. Polyethylene (PE) 5.3.2. Polypropylene (PP) 5.4. Y-o-Y Growth Trend Analysis by Material, 2015 to 2021 5.5. Absolute $ Opportunity Analysis by Material, 2022 to 2032 6. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by Application, 2015 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by Application, 2022 to 2032 6.3.1. Drums & Pails 6.3.2. Cups 6.3.3. Bottles 6.3.4. Other Containers (Buckets, etc.) 6.4. Y-o-Y Growth Trend Analysis by Application, 2015 to 2021 6.5. Absolute $ Opportunity Analysis by Application, 2022 to 2032 7. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by End Use, 2015 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by End Use, 2022 to 2032 7.3.1. Food & Beverage 7.3.2. Pharmaceuticals 7.3.3. Cosmetics & Personal Care 7.3.4. Chemical & Fertilizers 7.3.5. Agriculture 7.3.6. Homecare 7.3.7. Oil & Lubricants 7.4. Y-o-Y Growth Trend Analysis by End Use, 2015 to 2021 7.5. Absolute $ Opportunity Analysis by End Use, 2022 to 2032 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis by Region, 2015 to 2021 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast by Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis, by Region 9. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. United States of America 9.2.1.2. Canada 9.2.2. By Material 9.2.3. By Application 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material 9.3.3. By Application 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Chile 10.2.1.5. Peru 10.2.1.6. Rest of Latin America 10.2.2. By Material 10.2.3. By Application 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material 10.3.3. By Application 10.3.4. By End Use 10.4. Key Takeaways 11. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. United Kingdom 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Nordic 11.2.1.8. Russia 11.2.1.9. Poland 11.2.1.10. Rest of Europe 11.2.2. By Material 11.2.3. By Application 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material 11.3.3. By Application 11.3.4. By End Use 11.4. Key Takeaways 12. East Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Material 12.2.3. By Application 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material 12.3.3. By Application 12.3.4. By End Use 12.4. Key Takeaways 13. South Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By Material 13.2.3. By Application 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material 13.3.3. By Application 13.3.4. By End Use 13.4. Key Takeaways 14. Oceania Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Material 14.2.3. By Application 14.2.4. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material 14.3.3. By Application 14.3.4. By End Use 14.4. Key Takeaways 15. Middle East & Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis by Market Taxonomy, 2015 to 2021 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Market Taxonomy, 2022 to 2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. Turkey 15.2.1.3. Northern Africa 15.2.1.4. South Africa 15.2.1.5. Rest of Middle East and Africa 15.2.2. By Material 15.2.3. By Application 15.2.4. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Material 15.3.3. By Application 15.3.4. By End Use 15.4. Key Takeaways 16. Country-wise Market Analysis 16.1. United States of America 16.1.1. Market Share Analysis, 2022 16.1.2. By Material 16.1.3. By Application 16.1.4. By End Use 16.2. Canada 16.2.1. Market Share Analysis, 2022 16.2.2. By Material 16.2.3. By Application 16.2.4. By End Use 16.3. Brazil 16.3.1. Market Share Analysis, 2022 16.3.2. By Material 16.3.3. By Application 16.3.4. By End Use 16.4. Mexico 16.4.1. Market Share Analysis, 2022 16.4.2. By Material 16.4.3. By Application 16.4.4. By End Use 16.5. Germany 16.5.1. Market Share Analysis, 2022 16.5.2. By Material 16.5.3. By Application 16.5.4. By End Use 16.6. Italy 16.6.1. Market Share Analysis, 2022 16.6.2. By Material 16.6.3. By Application 16.6.4. By End Use 16.7. France 16.7.1. Market Share Analysis, 2022 16.7.2. By Material 16.7.3. By Application 16.7.4. By End Use 16.8. Spain 16.8.1. Market Share Analysis, 2022 16.8.2. By Material 16.8.3. By Application 16.8.4. By End Use 16.9. United Kingdom 16.9.1. Market Share Analysis, 2022 16.9.2. By Material 16.9.3. By Application 16.9.4. By End Use 16.10. Russia 16.10.1. Market Share Analysis, 2022 16.10.2. By Material 16.10.3. By Application 16.10.4. By End Use 16.11. China 16.11.1. Market Share Analysis, 2022 16.11.2. By Material 16.11.3. By Application 16.11.4. By End Use 16.12. Japan 16.12.1. Market Share Analysis, 2022 16.12.2. By Material 16.12.3. By Application 16.12.4. By End Use 16.13. India 16.13.1. Market Share Analysis, 2022 16.13.2. By Material 16.13.3. By Application 16.13.4. By End Use 16.14. GCC Countries 16.14.1. Market Share Analysis, 2022 16.14.2. By Material 16.14.3. By Application 16.14.4. By End Use 16.15. Australia 16.15.1. Market Share Analysis, 2022 16.15.2. By Material 16.15.3. By Application 16.15.4. By End Use 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Region 17.3.2. By Product Portfolio 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Aaron Packaging Inc. 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments (Product/Channel/Region) 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Berry Global Group 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments (Product/Channel/Region) 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. YESECO 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments (Product/Channel/Region) 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. ALPLA 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments (Product/Channel/Region) 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Tetra Pak 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments (Product/Channel/Region) 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. PARAGON MANUFACTURING INC. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments (Product/Channel/Region) 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. United States Plastic Corporation 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments (Product/Channel/Region) 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Affordable Buckets, LLC 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments (Product/Channel/Region) 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. M&M Industries 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments (Product/Channel/Region) 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. VWR International, LLC 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments (Product/Channel/Region) 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 18.1.11. Stanpac 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments (Product/Channel/Region) 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.11.5.2. Product Strategy 18.1.11.5.3. Channel Strategy 18.1.12. Rulyda Plastic Manufacture Co., ltd 18.1.12.1. Overview 18.1.12.2. Product Portfolio 18.1.12.3. Profitability by Market Segments (Product/Channel/Region) 18.1.12.4. Sales Footprint 18.1.12.5. Strategy Overview 18.1.12.5.1. Marketing Strategy 18.1.12.5.2. Product Strategy 18.1.12.5.3. Channel Strategy 19. Assumptions and Acronyms Used 20. Research Methodology
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Tear-tab Lids Market
