[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:
Region:
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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Crimp Top Cap Market
