Push-pull sealed box market competition forecast and opportunity

Rising consumer spending push pull cap on convenience products and high demand for smaller bottles are some of the factors thrusting market growth. 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. The consumer pulls the spout to open the bottle and can then push the spout to reclose. 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.

On 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.Moreover, with the increasing trend of convenience packaging, the demand for plastic caps and closures is anticipated to increase in the coming years. Additionally, rising disposable income and trend of e-commerce shopping are further likely to positively influence the growth of the market during the forecast period.

However, strict policies pertaining to the use of plastic in various economies can act as challenge for the growth of the market.The Global Plastic Caps and Closures Market can be classified based on product type, material, technology and end-use industry. Based on the product type, the market has been segmented into screw-on caps, dispensing caps, among others. Screw-on caps segment is likely to command over 50% of the market share during the forecast period as these caps are cost-effective when compared with other counterparts and are tamper evident.In terms of regional analysis, the market can be segmented into North America, South America, Asia-Pacific, Middle East & Africa and Europe.

Asia-Pacific accounted for the largest share in the 2018 and the region is expected to continue its market dominance during forecast period as well on account of surging population, rising per capita income and booming food & beverages industry in the region.Caps and closures market is highly fragmented, with top five commanding for around 12% of the overall market share. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market.The market is witnessing consolidation with a string of mergers & acquisitions and new product developments. In 2019, AptarGroup launched closures made from recycled resin.