Market Overview:
The global snap-on closures market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience and easy-to-use packaging solutions across various industries. In addition, the growing trend of using screw caps in place of traditional corks is also contributing to the growth of this market. Based on type, the snap-on closures market can be segmented into < 24 mm, 24-34 mm, 34-44mm and > 44 mm segments. The < 24 mm segment is projected to grow at a higher CAGR during the forecast period as compared to other segments due to its growing popularity among small and medium sized businesses (SMBs). By application, food and beverages accounted for majority share of the global snap-on closures market in 2017; however, pharmaceuticals are expected to witness highest growth rate during 2018 – 2030 owing high adoption rates across emerging economies such as China and India.
Product Definition:
A snap-on closure is a type of fastener that attaches to an opening on a container and snaps into place, securing the closure. It is typically composed of two parts: a male component that fits into the opening, and a female component that holds it in place. The two components are held together by either friction or magnets.
< 24 mm:
The global snap-on closure market size was valued at USD 3.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing packaging industry, rising demand for plastic closures from various application industries such as food & beverages, pharmaceuticals, personal care & cosmetics among others are anticipated to drive the growth of this market during the forecast period.
24-34 mm:
24-34 mm is a standard size for Snap-on Closures. The market demand for this size is increasing due to the growing application of these products in industries such as automotive, medical and food & beverages.
The 24-34 mm range offers a large variety of styles and colors making it suitable for various applications across different industries. This factor also makes it popular among consumers which in turn increases the demand for 24-34 mm sized products worldwide.
Application Insights:
The food and beverages application segment accounted for the largest revenue share in 2017. The growing demand for packaged foods, such as ready-to-eat meals, frozen meals, snacks and desserts is expected to drive the demand over the forecast period. In addition, a rise in consumption of alcoholic drinks is likely to augment growth over the next eight years.
The pharmaceuticals application segment was valued at USD 536.3 million in 2017 owing to an increase in product innovation by manufacturers coupled with rising R&D expenditure on new drugs and devices across various countries globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing demand for food and beverages, pharmaceuticals, personal care products among others across this region.
Europe also held a considerable share of global revenue in 2017 due to high demand from automotive sector for various components such as brakes and steering systems among others which are installed using universal joints based on different sizes available under Snap-on Closure brand name only manufactured by SKF Sweden AB located at Stockholm Sweden since last few decades.
Growth Factors:
- Increasing demand from the food and beverage industry for safe and reliable packaging solutions.
- Growing popularity of screw caps as a wine closure due to their ability to preserve wine quality over time.
- Rising demand for lightweight, airtight closures that can reduce the amount of packaging material used in products.
- Increasing use of snap-on closures in medical applications due to their ability to protect sensitive products from contamination and spoilage.
Scope Of The Report
Report Attributes
Report Details
Report Title
Snap-on Closures Market Research Report
By Type
< 24 mm, 24-34 mm, 34-44mm, > 44 mm
By Application
Food and Beverages, Pharmaceuticals, Personal Care & Cosmetics, Others
By Companies
Amcor, CL Smith, Berry Global, Alpha Packaging, RPC Group, Silgan Plastics, Weener Plastics Group, AptarGroup, O.Berk, Closure Systems International, Bericap GmbH, Georg Menshen GmbH, Mold-Rite Plastics, Comar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Snap-on Closures Market Report Segments:
The global Snap-on Closures market is segmented on the basis of:
Types
< 24 mm, 24-34 mm, 34-44mm, > 44 mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Pharmaceuticals, Personal Care & Cosmetics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amcor
- CL Smith
- Berry Global
- Alpha Packaging
- RPC Group
- Silgan Plastics
- Weener Plastics Group
- AptarGroup
- O.Berk
- Closure Systems International
- Bericap GmbH
- Georg Menshen GmbH
- Mold-Rite Plastics
- Comar
Highlights of The Snap-on Closures Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- < 24 mm
- 24-34 mm
- 34-44mm
- > 44 mm
- By Application:
- Food and Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Snap-on Closures 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Snap-on Closures are a type of hardware that is used to secure objects. They come in a variety of shapes and sizes, and can be attached to either the inside or outside of an object.
Some of the major companies in the snap-on closures market are Amcor, CL Smith, Berry Global, Alpha Packaging, RPC Group, Silgan Plastics, Weener Plastics Group, AptarGroup, O.Berk, Closure Systems International, Bericap GmbH, Georg Menshen GmbH, Mold-Rite Plastics, Comar.
The snap-on closures market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Snap-on Closures Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Snap-on Closures Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Snap-on Closures Market - Supply Chain
4.5. Global Snap-on Closures Market Forecast
4.5.1. Snap-on Closures Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Snap-on Closures Market Size (000 Units) and Y-o-Y Growth
4.5.3. Snap-on Closures Market Absolute $ Opportunity
5. Global Snap-on Closures Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Snap-on Closures Market Size and Volume Forecast by Type
5.3.1. < 24 mm
5.3.2. 24-34 mm
5.3.3. 34-44mm
5.3.4. > 44 mm
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Snap-on Closures Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Snap-on Closures Market Size and Volume Forecast by Application
6.3.1. Food and Beverages
6.3.2. Pharmaceuticals
6.3.3. Personal Care & Cosmetics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Snap-on Closures Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Snap-on Closures Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Snap-on Closures Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Snap-on Closures Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Snap-on Closures Demand Share Forecast, 2019-2026
9. North America Snap-on Closures Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Snap-on Closures Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Snap-on Closures Market Size and Volume Forecast by Application
9.4.1. Food and Beverages
9.4.2. Pharmaceuticals
9.4.3. Personal Care & Cosmetics
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Snap-on Closures Market Size and Volume Forecast by Type
9.7.1. < 24 mm
9.7.2. 24-34 mm
9.7.3. 34-44mm
9.7.4. > 44 mm
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Snap-on Closures Demand Share Forecast, 2019-2026
10. Latin America Snap-on Closures Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Snap-on Closures Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Snap-on Closures Market Size and Volume Forecast by Application
10.4.1. Food and Beverages
10.4.2. Pharmaceuticals
10.4.3. Personal Care & Cosmetics
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Snap-on Closures Market Size and Volume Forecast by Type
10.7.1. < 24 mm
10.7.2. 24-34 mm
10.7.3. 34-44mm
10.7.4. > 44 mm
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Snap-on Closures Demand Share Forecast, 2019-2026
11. Europe Snap-on Closures Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Snap-on Closures Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Snap-on Closures Market Size and Volume Forecast by Application
11.4.1. Food and Beverages
11.4.2. Pharmaceuticals
11.4.3. Personal Care & Cosmetics
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Snap-on Closures Market Size and Volume Forecast by Type
11.7.1. < 24 mm
11.7.2. 24-34 mm
11.7.3. 34-44mm
11.7.4. > 44 mm
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Prjections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Snap-on Closures Demand Share, 2019-2026
12. Asia Pacific Snap-on Closures Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Snap-on Closures Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Snap-on Closures Market Size and Volume Forecast by Application
12.4.1. Food and Beverages
12.4.2. Pharmaceuticals
12.4.3. Personal Care & Cosmetics
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Snap-on Closures Market Size and Volume Forecast by Type
12.7.1. < 24 mm
12.7.2. 24-34 mm
12.7.3. 34-44mm
12.7.4. > 44 mm
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Snap-on Closures Demand Share, 2019-2026
13. Middle East & Africa Snap-on Closures Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Snap-on Closures Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Snap-on Closures Market Size and Volume Forecast by Application
13.4.1. Food and Beverages
13.4.2. Pharmaceuticals
13.4.3. Personal Care & Cosmetics
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Snap-on Closures Market Size and Volume Forecast by Type
13.7.1. < 24 mm
13.7.2. 24-34 mm
13.7.3. 34-44mm
13.7.4. > 44 mm
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Snap-on Closures Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Snap-on Closures Market: Market Share Analysis
14.2. Snap-on Closures Distributors and Customers
14.3. Snap-on Closures Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Amcor
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CL Smith
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Berry Global
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Alpha Packaging
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RPC Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Silgan Plastics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Weener Plastics Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AptarGroup
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. O.Berk
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Closure Systems International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bericap GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Georg Menshen GmbH
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mold-Rite Plastics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Comar
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
