The Global Gable Top Caps and Closure Market size is projected to grow at a CAGR of 3.1% during the forecast period (2021-2028). Positive growth prospects and growth drivers for capped bottles and closure market include increasing demand for organic products; growing preference for fresh juices among consumers; raising awareness about plastic pollution across the globe.
Gable Top Caps and Closure is a sealed container with a single opening that can be resealed. The gable top cap has a flat, circular-shaped lid that sits on the neck of the bottle to seal it from any contamination or leakage. It offers an easy way for users to re-seal the product after using some portion of its contents. Gable caps are not as secure as flip-top closures, but they provide better security compared to screw tops where there is no chance of tampering.
On the basis of Types, the market is segmented into Screw Caps, Flip Caps, and Others. In 2018, the screw caps segment is estimated to account for the highest revenue share owing to the rising usage of gable top bottles in the beverages industry. Growing demand from the food & beverage sector will be a key factor driving growth in this market over the forecast period.
Screw caps are used to seal glass, plastic, and metal bottles. A screw cap is an inexpensive alternative for glass or plastic closures. Therefore they are widely used in various applications such as pharmaceuticals products packaging containers because it provides security against contamination during transportation and storage while allowing easy access when needed without damage to container seal integrity.
Flip Caps can be defined as a plastic cap with a hinge that can be folded back and attached to the neck of the bottle. This is very helpful for re-filling purposes, due to its easy opening mechanism. It has been found out in various studies that Flip Caps are used by most people because it allows them to conveniently get rid of bacteria from their bottles.
On the basis of Application, the market is segmented into Beverages, Dairy Products, Fresh Juices, Pharmaceuticals, and Others.
Gable Top Caps and Closure are most widely used in beverages due to their convenience of opening/closing. They can be easily opened by the users without any external help for consumption purposes. Screw Caps are used in carbonated soft drinks. Flip caps are used on glass bottles of water, juice, and syrup beverages.
Gable Top Caps and Closure is widely used in Dairy products because it prevents the milk from getting oxidized. It increases the shelf life of dairy products which makes Gable Top Caps and Closure a popular choice among consumers.
Gable Top Caps and Closure are ideal for sealing fresh juices. In addition, the packaging material used to seal these closures helps in maintaining product quality even at high temperatures.
Gable Top Caps and Closure are used in Pharmaceuticals for the packaging of various pharmaceutical items, such as tablets, capsules, powders, liquids, and ointments. They ensure the safe storage of these products from any kind of contamination or adulteration. The Gable Top Caps and Closures that are made available by leading suppliers can be availed with high-quality threads that offer good sealing performance. In addition to this, they also come equipped with innovative features like tamper-evident rings, child-resistant closures, etc., which make them a preferred choice among manufacturers across the globe.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific market is projected to register a relatively higher growth rate from 2021 to 2028. The high growth of this region can be attributed to factors such as growing disposable income, increasing demand for packaged food products in emerging economies, etc.
In addition, various initiatives by governments across countries including China and India have resulted in escalating investments which are expected to boost the healthcare sector over the next few years positively impacting the long-term growth prospects of the gable top caps and closures market.
Factors such as increasing consumption of ready-to-drink beverages, growth in demand for convenience food products, and growing consumer preference towards eco-friendly packaging are some major factors expected to fuel the global Gable Top Caps market over the forecast period.
Up Market Research published a new report titled “Gable Top Caps and Closure Market research report which is segmented by Types (Screw Caps, Flip Caps, Others), By Applications (Beverages, Dairy Products, Fresh Juices, Pharmaceuticals, Others), By Players/Companies Bericap, Evergreen Packaging, United Caps, Tetra Pak, Elopak, Silgan Closure, Closure Systems International, Berry Global, O.Berk, Amcor”.
|Report Attributes||Report Details|
|Report Title||Gable Top Caps and Closure Market Research Report|
|By Type||Screw Caps, Flip Caps, Others|
|By Application||Beverages, Dairy Products, Fresh Juices, Pharmaceuticals, Others|
|By Companies||Bericap, Evergreen Packaging, United Caps, Tetra Pak, Elopak, Silgan Closure, Closure Systems International, Berry Global, O.Berk, Amcor|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||217|
|Number of Tables & Figures||152|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Screw Caps, Flip Caps, Others and By Application Beverages, Dairy Products, Fresh Juices, Pharmaceuticals, Others.
Some of the companies that are profiled in this report are:
Gable Top Caps and Closure Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Gable Top Caps and Closure Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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