The global non-aerosol overcaps market is expected to be valued at US$ 238.1 Million in 2022. the overall demand for non-aerosol overcaps is projected to grow at a CAGR of 4.2% between 2022 and 2032, totaling around US$ 359.2 Million by 2032.
Non-aerosol overcaps are widely used in the packaging of various consumer products, such as personal care, home care, and food & beverage. They provide a secure closure to the bottles and protect the contents from external factors such as dust, moisture, and contamination. With the growing demand for sustainable and eco-friendly packaging, the Non-Aerosol Overcaps Market has witnessed a significant boost in recent years. The market players are focusing on innovation, design, and sustainability to cater to the changing consumer preferences and regulatory requirements.
Non-aerosol overcaps can be used to measure liquids and suit a variety of bottles and cans with diverse uses. Customers have a straightforward approach to packaging; they look for products that are intuitive, simple to use, secure, environmentally friendly, and economical.
Online shopping and mobile product consumption are becoming more popular among consumers. This has changed how businesses communicate with customers and how they approach packaging solutions.
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Key Trends in Non-Aerosol Overcaps Market
The Non-Aerosol Overcaps Market is evolving with changing consumer preferences and industry trends. Here are some of the key trends that are shaping the market:
- Sustainable Packaging Solutions- The demand for eco-friendly and sustainable packaging solutions is increasing, driven by the growing awareness of environmental issues and the need for responsible consumption. The Non-Aerosol Overcaps Market is responding to this trend by offering innovative and sustainable packaging solutions, such as biodegradable overcaps, recycled materials, and compostable overcaps.
- Customization and Branding- Customization and branding are becoming critical factors in the Non-Aerosol Overcaps Market as consumers seek personalized and unique packaging solutions. The market players are offering customizable overcaps with different shapes, sizes, colors, and branding options to cater to the individual needs of the consumers and enhance their brand image.
- Digitalization and Automation- The Non-Aerosol Overcaps Market is adopting digitalization and automation to streamline the production process, reduce costs, and improve efficiency. The use of automation technologies such as robotics, AI, and IoT is helping the market players to optimize the production process and enhance the quality and consistency of the overcaps.
- Mergers and Acquisitions- The Non-Aerosol Overcaps Market is witnessing a high level of merger and acquisition activities as the market players are consolidating their positions and expanding their geographical reach. The strategic partnerships and collaborations are helping the market players to leverage their strengths and synergies and enhance their market share.
What are Market Opportunities for Non-Aerosol Overcaps Market?
Overcaps have enormous benefits which include providing protection from dust, decreasing the chances of accidental discharge or formation of micro-organisms over the sprayer surface.
Overcaps provides enhanced aesthetics to the packaging of the product. Especially plastic overcaps which nowadays offers an opportunity for printing on the surface for the branding of the product. This provides an edge over the promotion for products and brands and subsequently increases the sales for non-aerosol overcaps during future years.
What are the Key Market Trends Impacting the Non-Aerosol Overcaps Market?
In recent years, lightweight non-aerosol cans and bottles are becoming more popular than standard products. Manufacturers focus on providing more sustainable products which are easy to recycle and do not have any harmful effect on the environment.
Spending on research and development has been increased in the past decade to provide a cost-effective product to consumers which will create abundant possibilities for the non-aerosol overcaps market during the forecast period.
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Competitive Landscape
Global Players:
- Berry Global Inc.
- Huhtamaki Oyj
- Precision Valve Corp.
- Claytoon Corp.
- O.Berk Company
- Cobra Plastics
- Dubuque Plastics
- InterPac International LLC
- Rieke Corp and others.
APAC Players:
- Limner Technology Co. Ltd.
- Ningbo Vision Co. Ltd.|
- Wuzi Sunmart Science and Technology Co. Ltd.
- Whea-Stone Co. Ltd.|
- Daisaku Trading Co. Ltd.
- Dhiren Plastics Industries
- AG Poly Packs and others.
What Strategies are Adopted by Key Players for Increasing their Market Share in the Non-Aerosol Overcaps Market?
The players operating in the non-aerosol overcaps market are trying to increase their market reach by expanding their presence in the untapped regions. Also, the key players are trying to focus on increasing their production capacity by developing their manufacturing facilities or through acquisitions:
- In July 2019, Berry Global Inc. acquired RPC Group which is a major European plastic packaging company that will improve the company’s footprint in the region.
Why will India Hold a Prominent Share in the Non-Aerosol Overcaps Market?
India will capture a significant portion of the non-aerosol overcaps market by the end of 2031 due to an exponential increase in packaging for personal care & cosmetics, pharmaceutical products. Also, factors that will lead to India’s rise in market share are low tax rate on food, cosmetics and personal care products and skilled labour which is extensively available and cheap.
The rising numbers of Indian end-use industries such as FMCG, online retail, home care products will cause a positive impact on the country’s share in the APAC market. All these factors considered India will have a major hold in the non-aerosol overcaps market during the forecast period.
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Key Segments of Non-Aerosol Overcaps Market Covered in the Report
By Material Used:
- Plastic
- Polyethylene
- Polypropylene
- Others
- Metal
- Aluminium
- Steel
- Others
By Basis of Diameter:
- Less than 30 mm
- 31 to 40 mm
- 41 to 50 mm
- More than 50 mm
By Application:
- Cans
- Bottles
By End-use Industries:
- Food & Beverages
- Consumer Goods
- Automotive
- Pharmaceuticals & Healthcare
- Painting and Coating Industry
- Personal care & Cosmetics
- Others
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