The vented caps market is projected to record a CAGR of 10% during the forecast period, up from US$ 7.24 Bn in 2022 to reach a valuation of US$ 18.77 Bn by 2032. During the predicted period, the vented caps market is anticipated to exhibit encouraging growth potential.
Due to growing demand for vented caps and greater product penetration across a range of end-use industries, vented cap sales are anticipated to increase. Additionally, there is a growing need for vented tops since they allow containers to “breathe” and avoid distortion or damage. Additionally, because vented caps have a variety of advantages over non-vented caps, sales of them are expected to increase.
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Vented caps Market: Key Developments
Many key players in the market are focusing on the product launch and acquisition strategy and to spread their presence globally. Recent developments in the performance of vented caps have created a wave in the rigid packaging market. Consumers are now able to transport goods safely without their spillage, which maintain their integrity and further increases their shelf life.
- In April 2019, Filtration Group HVAC released a MERV 10 self-supported pleat air filter with the release of the MERV 10 AEROSTAR®NOVAPLEAT® X to improve indoor air quality.
- In October 2018, Merck unveiled new product brand under closure segment in the last year.
- In January 2018, CP Lab Safety Inc., a leading manufacturer, and supplier of caps and closures and environmentally friendly products, acquired major assets of Chemical Feed Safety Supply Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the global vented caps market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with vented caps market attractiveness as per segments. The report also maps the qualitative impact of various factors on vented caps market segments and geographies.
The global vented caps market is divided into seven major regions, which are as follows –
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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Who are the Key Players in the Vented Caps Market
- CP Lab Safety,
- Filtration Group Corporation,
- Merck Group,
- StockCap,
- Corning Incorporated,
- SABEU GmbH & Co. KG,
- Kaufman Container Company,
- W. L. Gore & Associates, Inc.,
- UNITED CAPS LUXEMBOURG S.A.,
- Tri-Sure Closures,
and many other regional firms are among the manufacturers of vented caps.
Key players in the vented caps market are concentrating on their product launch and acquisition strategies, as well as expanding their global presence. The performance of vented caps has recently improved, causing a tidal wave in the rigid packaging sector.
Recent Developments
- With the debut of the MERV 10 AEROSTAR®NOVAPLEAT® X in April 2019, Filtration Group HVAC introduced a MERV 10 self-supported pleat air filter to improve indoor air quality.
- Merck announced a new product brand in the closure area in October of last year.
- Chemical Feed Safety Supply Inc. was acquired in January 2018 by CP Lab Safety Inc., a leading manufacturer and supplier of caps and closures as well as ecologically friendly solutions.
Advantages in using vented caps over non-vented caps
Vented caps allow a small amount of air to be released, which is formed by the goods present in the container. They only permit the one-way flow of air, which is pressure activated. Non-vented caps, on the other hand, do have such functions which can help in the rise of vented cups market. Non-vented caps do not have pores in it to allow the departure of pressure. Hazards can be caused due to the pressure build-up in the container, which can only be avoided by using vented cups. Therefore, driving the vented caps market across the globe.
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