Push Pull Closures Market Analysis: The Polypropylene Segment Accounted for More than 60% of the Market Value Share in 2018
According to Transparency Market Research’s latest market report titled “Push Pull Closures Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2027. The push pull closures market stood at US$ 2,295.2 Mn in 2018 and is forecast to register a CAGR of 4.8 % during 2018 – 2027. The push pull closures market is estimated to be valued at US$ 3,507.4 Mn by the end of the forecast period.
In terms of material type, the polypropylene segment is expected to be most attractive segment in the push pull closures market across the globe. Polypropylene material provides strong barrier properties and its resistance to chemicals makes it a prominent material for push pull closures. As compared to polyethylene, polypropylene provides more moisture resistance. By material type of push pull closures, the polyethylene segment accounts for more than 30% of the market value share in 2018. The demand for push pull closures is primarily driven by PET bottles, HDPE bottles, and metal bottles. Increase in consumer orientation towards hygiene is expected to boost the growth of the global push pull closures market. The rise in the sales of sports bottles will create further growth opportunities for the global push pull closures market.
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Drivers & Restraints of the Global Push Pull Closures Market
High Demand for Push Pull Closures
The rise in the consumption levels of various end-use industries such as food & beverage, pharmaceuticals, & household goods is expected to increase the demand for push pull closures. Increase in consumer spending on convenience products is expected to boost the global push pull closures market. The sports bottles market is increasing at a good CAGR value globally, due to the changing consumer habits. Barrier properties of sports bottles ensure hygiene and are preferred by consumers. The increase in demand for smaller bottles due their compactness drives the push pull closures market. Also, the consumption of push pull closures in food, chemical, and personal care & cosmetics industries has witnessed a significant increase. All the above factors are expected to boost the sales of global push pull closures.
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Rising Competition from Closure-less Packaging
In order to reduce packaging costs and increase the profitability margins, food & beverage manufacturers are opting for closure-less packaging products such as closure-less tetra pack flexible pouches. This factor is creating high competition for push pull closures manufacturers. In today’s global economy, the strict rules and regulations by various governments against the use of plastic may hinder the growth of the global push pull closures market. Overall, the outlook for the global push pull closures market is expected to remain positive, during the forecast period.
Key Developments in the Global Push Pull Closures Market
- In October 2017, Silgan’s closures facility in Champaign, Illinois received Illinois Governor’s Sustainability Award 2017 for its efforts to minimize waste, cut energy consumption, reduce emissions, and improve safety.
- In April 2017, the company completed the acquisition of the dispensing systems business of WestRock Company for US$ 570 Mn.
- In May 2016, the company launched the ParaPET steel closure for PET jars and bottles on LaVictoria Salsa.
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The new research report titled "Push-Pull Closures Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the push-pull closures market includes Amcor, Bericap GmbH and Co KG, CL Smith, Closure Systems International, Closure Systems International, Georg MENSHEN, Global Closure Systems, Global Closure Systems, Mold-Rite Plastics, O. Berk Company, RPC.M Plastics, Silgan Plastic Closures Solutions, and others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Push-Pull Closures Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/push-pull-closures-market/download-sampleMarket DynamicsThe market of push-pull closure is primarily growing on the ground of growing usage of PET and HDPE bottles across end-user industries.
Rising demand for sports bottles coupled with the growing adoption of closure-less packaging across food and beverage industry is further anticipated to fuel the market growth.
According to this report, the Global Push Pull Closures market accounted for $2,190.81 million in 2017 and is expected to reach $3,986.00 million by 2026 growing at a CAGR of 6.9% during the forecast period.
However, the strict rules and regulations by various governments against the use of plastic are hindering the market.Push-pull closures are mainly used in liquid dishwashing.
Beverage push-pull (formerly sports cap) is mainly evident in mineral water and soft drinks, typically in the still water and sports drinks categories and for bottles typically less than one litre in size.Get Enquiry More About This Report: http://www.marketgrowthanalysis.com/reports/sample/169On the basis of material type, Polypropylene segment holds the major growth during the forecast period owing to growing consumer orientation towards sanitation and raising the sales of sports bottles.
Based on geography, Asia Pacific holds the biggest market share during the forecast period due to increasing consumption of beverages.Some of the key players profiled in the Push Pull Closures Market include Bericap GmbH and Co KG, Mold-Rite Plastics, LLC, Silgan Plastic Closure Solutions, Global Closure Systems, Amcor Limited, Blackhawk Molding Co. Inc., Georg MENSHEN GmbH & Co. KG, O. Berk Company, LLC, United Caps Luxembourg S.A, CL Smith Company, RPC.M Plastics.
Ltd., Closure Systems International, Inc., and Jiangsu Changjiang Lids Co., Ltd.Get Request For Discount: http://www.marketgrowthanalysis.com/reports/enquiry/169Material Types Covered:Polypropylene (PP)Polyethylene (PE)ThermosetsOther Material TypesDiameters Covered:Above 44 mm34 mm – 44 mm24 mm – 34 mmUp to 24 mmEnd Users Covered:Cosmetic & Personal CareFoodHouseholdsBeveragesPharmaceuticalsOther End UsersRegions Covered:North AmericaUSCanadaMexicoEuropeGermanyUKItalyFranceSpainRest of EuropeAsia PacificJapanChinaIndiaAustraliaNew ZealandSouth KoreaRest of Asia PacificSouth AmericaArgentinaBrazilChileRest of South AmericaMiddle East & AfricaSaudi ArabiaUAEQatarSouth AfricaRest of Middle East & AfricaFull View of Report Analysis: http://www.marketgrowthanalysis.com/push-pull-closures-marketAbout Us:Market Growth Analysis is one of the leading digital services provider and a result-oriented company based in Canada.
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The Push-Pull Closures Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The entire fruit punnet market has been sub-categorized into material type and capacity.
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This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Push-Pull Closures Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/fruit-punnet-market/download-sampleBy Material TypePaperPlasticPolypropylene (PP)Polyethylene terephthalate (PET)Polystyrene (PS)Polylactic Acid (PLA)Other PlasticBy Capacity50 gm - 100 gm101 gm - 200 gm201 gm - 500 gmAbove 500 gmThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the fruit punnet market include AVI Global Plast Pvt Ltd, Ilip s.r.l., INFIA srl, LC Packaging International BV, Smurfit Kappa Group plc, T Containers Ltd., and Van Der Windt Packaging Ltd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for fruit punnet market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
This report studies the Push Pull Closure Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.
Find the complete Push Pull Closure Market analysis segmented by companies, region, type and applications in the report.
The report offers valuable insight into the Push Pull Closure market progress and approaches related to the Push Pull Closure market with an analysis of each region.
The report goes on to talk about the dominant aspects of the market and examine each segment.Top Key Players: Alpine HC,Saatva,Span America,Invacare,Drive Medical,Proactive Medical,Graham-Field,Huntleigh,Joerns.
Get a Free Sample: https://www.reportsandmarkets.com/sample-request/global-pressure-relief-mattress-market-2139419?utm_source=techsite_medium=14The global Push Pull Closure market segmented by company, region (country), by Type, and by Application.
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