[250 Pages Report] The global crimp top cap market is expected to secure a market value of US$ 12 Billion by 2022, and is expected to further increase to US$ 23.6 Billion by 2032, while expanding at a significant CAGR of 7% during the forecast period from 2022 to 2032. The expansion of the market can be attributed to the increasing concern regarding the contamination of drugs during transportation.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 10.2 Billion |
| Expected Market Value (2022) | US$ 12 Billion |
| Anticipated Forecast Value (2032) | US$ 23.6 Billion |
| Projected Growth Rate (2022 to 2032) | 7% CAGR |
The crimp top caps are used as closure solutions for vials to avoid contamination of drugs and leakage. These caps can be either tear-away caps lined with PTFE or silicone or pressure release. The pressure release crimp top caps have their outer body made with aluminum or PP while the inner portion is made with silicone or rubber.
Apart from hospitals, laboratories and scientific centers also make the significant application of crimp tops for store specimens. It is a potential product that can help in curbing infections caused because of contamination. The product is available in various capacities and offers a secured seal. It helps in protecting the sample from leaching or destabilizing. It witnesses application across various segments such as; pharmaceuticals, energy and fuels, forensics, environmental, material science, proteomics, metabolomics, and biopharmaceutical.
The crimp-style vial is sometimes called the GV Vial. There have been various developments in the industry. For instance, the pharmaceutical industry is transitioning to press-fit vial closures. For liquid products, the vials are stoppered with serum stoppers, which assist in acting as an interface to the drug product. The crimp caps are the metal over-seal that is crimped over the top of a stoppered vial.
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Vials are counted as one of the most demanded formats for unit dose packaging, which is projected to be one of the significant factors driving the market during the forecast period. With the increasing requirement for efficient sealing, the demand for a crimp top cap has also surged significantly. Moreover, the increasing concern owing to the surging contamination of drugs during transportation has further propelled the market notably.
The crimp top cap market is projected to gain a significant rise in the coming period owing to the rapid expansion of the healthcare industry across the globe. The developing countries are anticipated to make a significant contribution in boosting the growth of the industry in the forecast period. In addition, with the outbreak of COVID-19 and the spread of the various epidemic, the market is likely to augment considerably. Among all, the tear-away caps are likely to lead the market since the demand for unit dose drugs is high.
The presence of substitutes is expected to be the most significant threat to the expansion of the crimp top market during the forecast period. The open-top caps, screw caps, and other caps can also be used as a closure for vials. Further, the screw caps are more convenient to use since the thread structure gives proper fitting and seal, which can hinder the industry growth in the forecast period.
The magnified competition in the global crimp top cap market and the increasing entrance of unorganized players can affect the market during the forecast period. However, these players are not likely to compete with tier 1 players but can bring a change in pricing trends.
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As per the analysis, North America is anticipated to lead the global market during the forecast period. The region is projected to dominate in terms of value and incremental opportunity. The robust market of the region can be attributed to the rapid development in the healthcare sector.
The growing demand for hygiene solutions in hospitals, laboratories, and clinics is expected to act as a significant propellant of the market during the forecast period. The U.S is anticipated to make the most significant contribution in strengthening the market. The rapid development of the market can be attributed to the increasing R&D and the presence of established players in the region.
Europe has been identified as a lucrative market. The growth of the region can be attributed to the presence of established healthcare infrastructure. Further, the increasing initiatives of the regional players are predicted to augment the industry size in the forecast period. For instance, EMA Pharmaceuticals’ Smartseal comprises anti-counterfeiting features along with track & trace of the vial through RFID technology. It enhanced patient safety and helps in effective inventory control.
According to the analysis, APAC is projected to be the fastest-growing market during the forecast period. The presence of rapidly developing countries such as India, China, and Japan is projected to play an important role in boosting the market in the forecast period. Further, the ongoing advancements in the healthcare sector are predicted to assist the regional market to grow considerably.
The growing initiatives taken by the government of developing countries are likely to augment the regional market in the coming time. Further, the increasing awareness regarding the safe storage of drugs is likely to bolster the industry in the forecast period. In addition, the active contribution of various players is projected to offer growth opportunities to the market in the future, thereby, benefitting the regional market.
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The global crimp top cap market is highly fragmented. The players of the market take various initiatives to expand their reach across the globe. Some of the eminent entities of the market include Specialty Silicone Products, EMA Pharmaceuticals, Sigma-Aldrich Co Ltd., Jinan Youlyy Industrial Co., Chromatography Research Supplies, and others.
| Report Attribute | Details |
|---|---|
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material, Product Type, End-Users, Region |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Chromatography Research Supplies; Specialty Silicone Products (SSP) Companies; Specialty Manufacturing, Inc.; Sigma-Aldrich Co Ltd.; Jinan Youlyy Industrial Co. Ltd.; EMA Pharmaceuticals |
| Customization | Available Upon Request |
Material:
Product Type:
End Users:
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From 2022-2032, FMI anticipates that the global crimp top market is likely to flourish at a 7% CAGR
North America is anticipated to be the most lucrative market owing to the rapid development in the healthcare sector.
EMA Pharmaceuticals, Sigma-Aldrich Co Ltd., and Jinan Youlyy Industrial Co. are some of the known players of the market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Material Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Impact of Covid-19 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Macro Factors and Forecast Factors 3.4. Value Chain Analysis 3.4.1. Profit Margin Analysis 3.4.2. Raw Material Suppliers 3.4.3. Manufacturers, Wholesalers and Distributors 3.4.4. End Users/ Customers 3.5. Regional Parent Market Outlook 3.6. Production and Consumption Statistics 3.7. Global Average Pricing Analysis Benchmark 4. Global Crimp Top Cap Market Analysis 2015-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Material 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by Material, 2015-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by Material, 2022-2032 5.3.1. Plastic 5.3.2. Metal 5.4. Y-o-Y Growth Trend Analysis by Material, 2015-2021 5.5. Absolute $ Opportunity Analysis by Material, 2022-2032 6. Global Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Product Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by Product Type, 2015-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by Product Type, 2022-2032 6.3.1. Tear Away 6.3.2. Open Center 6.3.3. Pressure Release 6.3.4. Removable Center 6.4. Y-o-Y Growth Trend Analysis by Product Type, 2015-2021 6.5. Absolute $ Opportunity Analysis by Product Type, 2022-2032 7. Global Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By End-users 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by End-users, 2015-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by End-users, 2022-2032 7.3.1. Hospitals 7.3.2. Drug Manufacturing 7.3.3. Clinical Research Center 7.3.4. Laboratories 7.4. Y-o-Y Growth Trend Analysis by End-users, 2015-2021 7.5. Absolute $ Opportunity Analysis by End-users, 2022-2032 8. Global Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Region 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by Region, 2015-2021 8.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. Middle East and Africa (MEA) 8.4. Market Attractiveness Analysis, by Region 9. North America Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Material 9.2.3. By Product Type 9.2.4. By End-users 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material 9.3.3. By Product Type 9.3.4. By End-users 9.4. Key Takeaways 10. Latin America Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Chile 10.2.1.5. Peru 10.2.1.6. Rest of Latin America 10.2.2. By Material 10.2.3. By Product Type 10.2.4. By End-users 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material 10.3.3. By Product Type 10.3.4. By End-users 10.4. Key Takeaways 11. Europe Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Nordic 11.2.1.8. Russia 11.2.1.9. Poland 11.2.1.10. Rest of Europe 11.2.2. By Material 11.2.3. By Product Type 11.2.4. By End-users 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material 11.3.3. By Product Type 11.3.4. By End-users 11.4. Key Takeaways 12. East Asia Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Material 12.2.3. By Product Type 12.2.4. By End-users 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material 12.3.3. By Product Type 12.3.4. By End-users 12.4. Key Takeaways 13. South Asia Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By Material 13.2.3. By Product Type 13.2.4. By End-users 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material 13.3.3. By Product Type 13.3.4. By End-users 13.4. Key Takeaways 14. Oceania Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021 14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Material 14.2.3. By Product Type 14.2.4. By End-users 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material 14.3.3. By Product Type 14.3.4. By End-users 14.4. Key Takeaways 15. Middle East & Africa Crimp Top Cap Market Analysis 2015–2021 and Forecast 2022–2032, By Country 15.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021 15.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. Turkey 15.2.1.3. Northern Africa 15.2.1.4. South Africa 15.2.1.5. Rest of MEA 15.2.2. By Material 15.2.3. By Product Type 15.2.4. By End-users 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Material 15.3.3. By Product Type 15.3.4. By End-users 15.4. Key Takeaways 16. Country wise Crimp Top Cap Market Analysis 16.1. United States (U.S.) 16.1.1. Market Share Analysis, 2022 16.1.2. By Material 16.1.3. By Product Type 16.1.4. By End-users 16.2. Canada 16.2.1. Market Share Analysis, 2022 16.2.2. By Material 16.2.3. By Product Type 16.2.4. By End-users 16.3. Brazil 16.3.1. Market Share Analysis, 2022 16.3.2. By Material 16.3.3. By Product Type 16.3.4. By End-users 16.4. Mexico 16.4.1. Market Share Analysis, 2022 16.4.2. By Material 16.4.3. By Product Type 16.4.4. By End-users 16.5. Germany 16.5.1. Market Share Analysis, 2022 16.5.2. By Material 16.5.3. By Product Type 16.5.4. By End-users 16.6. Italy 16.6.1. Market Share Analysis, 2022 16.6.2. By Material 16.6.3. By Product Type 16.6.4. By End-users 16.7. France 16.7.1. Market Share Analysis, 2022 16.7.2. By Material 16.7.3. By Product Type 16.7.4. By End-users 16.8. Spain 16.8.1. Market Share Analysis, 2022 16.8.2. By Material 16.8.3. By Product Type 16.8.4. By End-users 16.9. U.K. 16.9.1. Market Share Analysis, 2022 16.9.2. By Material 16.9.3. By Product Type 16.9.4. By End-users 16.10. Russia 16.10.1. Market Share Analysis, 2022 16.10.2. By Material 16.10.3. By Product Type 16.10.4. By End-users 16.11. China 16.11.1. Market Share Analysis, 2022 16.11.2. By Material 16.11.3. By Product Type 16.11.4. By End-users 16.12. Japan 16.12.1. Market Share Analysis, 2022 16.12.2. By Material 16.12.3. By Product Type 16.12.4. By End-users 16.13. India 16.13.1. Market Share Analysis, 2022 16.13.2. By Material 16.13.3. By Product Type 16.13.4. By End-users 16.14. GCC Countries 16.14.1. Market Share Analysis, 2022 16.14.2. By Material 16.14.3. By Product Type 16.14.4. By End-users 16.15. Australia 16.15.1. Market Share Analysis, 2022 16.15.2. By Material 16.15.3. By Product Type 16.15.4. By End-users 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Region 17.3.2. By Product Portfolio 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Hawach 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments (Product/Channel/Region) 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Jinan Youlyy Industrial Co., Ltd. 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments (Product/Channel/Region) 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Specialty Silicone Products (SSP) 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments (Product/Channel/Region) 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. VWR International, LLC. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments (Product/Channel/Region) 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. EMA Pharmaceuticals 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments (Product/Channel/Region) 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. ALWSCI Technologies 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments (Product/Channel/Region) 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. AFG Scientific 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments (Product/Channel/Region) 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. West Pharmaceutical Services, Inc. 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments (Product/Channel/Region) 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Merck KGaA 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments (Product/Channel/Region) 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. CP Lab Safety 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments (Product/Channel/Region) 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 18.1.11. Welch (Jinhua) Import & Export Co., Ltd. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments (Product/Channel/Region) 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.11.5.2. Product Strategy 18.1.11.5.3. Channel Strategy 18.1.12. BELLCROSS INDUSTRIES PVT. LTD. 18.1.12.1. Overview 18.1.12.2. Product Portfolio 18.1.12.3. Profitability by Market Segments (Product/Channel/Region) 18.1.12.4. Sales Footprint 18.1.12.5. Strategy Overview 18.1.12.5.1. Marketing Strategy 18.1.12.5.2. Product Strategy 18.1.12.5.3. Channel Strategy 19. Assumptions and Acronyms Used 20. Research Methodology
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