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Allied Market Research

Push Pull Closure Market - Global opportunity analysis and industry forecast, 2020-2027

A08710
Pages: NA
Dec 2020 | 44 Views
 
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Push pull closures refers the caps that are generally used in liquid dishwashing. The user pulls up the sealing lip to open the bottle and then recloses it by pushing down the sealing lip. The push pull closure are also used in the sporty bottles, metal bottles, PET, and HDPE that are used for storing of mineral water & soft drinks. These push pull closures offers accurate and proper dispensing of the contents in the bottles. The push pull closures are available in various sizes and colors. The push pull closures are used for the sealing of containers and bottles.

Market scope and structure

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Diameter, material, industry vertical and Region

Companies covered

Major players analyzed include Closure Systems International, Inc. , Mold-Rite Plastics, LLC, Georg MENSHEN GmbH & Co. KG, CL Smith Company, Global Closure Systems, Bericap GmbH and Co KG, Closure Systems International, Inc., O. Berk Company, LLC, Silgan Plastic Closures Solutions, RPC.M&H Plastics. Ltd. and Global Closure Systems.

 

 

Geographies covered

North America

Europe

Asia Pacific

LAMEA

US, Canada, and Mexico

Germany, France, UK, Italy and the Rest of Europe

China, Japan, India, South Korea and the Rest of Asia Pacific

Latin America, Middle East, and Africa

COVID-19 scenario analysis:

  • The demand for the push pull closure is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from packaging industry.
  • COVID-19 crisis is likely to affect the push pull closure industry negatively, as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
  • COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
  • The requirement of eCommerce specific packaging is likely to remain strong, although the ecommerce companies would have to focus on protection of goods and sanitization of packages.
  • In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products such as groceries and fresh food mainly from local e-retail sites.
  • Industrial, transportation, and bulk packaging has faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020.
  • Owing to the lowered disposable income of maximum population and weak demand for packaging from industrial goods, the packaging industry might face significant pressure of reduction in both wholesale as well as retail costs.
  • Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services, which is expected to hinder the packaging industry growth in the future after the COVID-19 crisis.

Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis

The increasing demand for the push pull closures in the food & beverage industry owing to newer beverage categories such sports drinks, energy drinks, and other healthy beverage alternatives is driving the growth of push pull closures market. The growing demand for the sports bottles due to the changing lifestyles and barrier properties provided by push pull closures to ensure hygiene is further expected to boost the push pull closures market. The rising consumption of household goods such as liquid dishwashers is expected to fuel the push pull closures market growth. The rising endorsement of push pull closures by various end user industries such as food & beverages, pharmaceutical, household goods and chemicals is further expected to fuel the push pull closures market. The growing consumption of beverages products in the Asia-Pacific region countries like India,China and Japan act as a growth driver to push pull closures market. However, the government stringent regulation on the use of plastics can hamper the rise of push pull closures market.

New product launches to flourish the market

In the past few years, many technologically advancedpush pull closure having unique features were launched in the push pull closure market. On January 2019, one of the global leader in push pull closure products Henkel and Weener plastics has launched a innovative push pull closure solution for the laundry detergents. The innovative bottle comes with polyethylene terephthalate push pull closure that is specially designed for the concentrated liquid detergents.

High demand form applications :

The push pull closure offer various applications in industries like pharmaceutical, food & beverages, households and cosmetic products. The push pull closures are generally used in the sports bottles, air fresheners, cosmetics products such as deodorants and shaving foam, cleaning products such as liquid dishwashers & hand-washers, furniture polish and air canned whipped cream. The push pull closures are generally equipped in the sporty bottles to provide easy flow of drinks to the customers by pulling up the closure and then pushing it down to stop the flow. The push pull closure helps in extending the shelf life of the beverages and prevents it from dirt, moisture and other air contaminants. Further it is used in the utensils cleaning products such as liquid dishwashers. The customer can pull up the sealing lip to open the bottle and then push down the sealing lip to stop the flow of the liquid detergents.

Key segments covered:

Segments

Sub-segments

Diameter

  • Above 44 mm
  • 34 mm – 44 mm
  • 24 mm – 34 mm
  • Up to 24 mm

Material

  • Polypropylene
  • HDPE
  • Metal
  • others

Industry Vertical

  • Food & Beverages
  • Personal care
  • Pharmaceuticals
  • Others

Key benefits of the report:

  • This study presents the analytical depiction of the push pull closure market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the push pull closure market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight thepush pull closure market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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