The global non-aerosol overcaps market is expected to be valued at USD 238.1 Million in 2022. The growing market for non-aerosol overcaps due to the benefits of cost-effectiveness, increased usage across several end-use industries including automotive, personal care, food & beverages, and others, and the incidence of customizable extension and package design, which enhances packaging aesthetics, will likely drive the non-aerosol overcaps market in the near future, the overall demand for non-aerosol overcaps is projected to grow at a CAGR of 4.2% between 2022 and 2032, totaling around USD 359.2 Million by 2032.
Data Points | Key Statistics |
---|---|
Non-Aerosol Overcaps Market Value 2022 | USD 238.1 Million |
Non-Aerosol Overcaps Market Projected Value (2032) | USD 359.2 Million |
Non-Aerosol Overcaps Market CAGR (2022 to 2032) | 4.2% |
Non-aerosol overcaps market study examines the present rise that is attributed to providing packaging solutions that are easy to use, safe, and sustainable. Non-aerosol overcaps prevent the actuator of the container from pressing, which might result in a spill or spray, and they prevent the waste of deodorant sticks, bottles, and other objects.
Furthermore, non-aerosol overcaps demand from the personal care and cosmetic sectors is rising in unison with personal care and cosmetic product demand. The significance of a well-chosen closure for a packing solution cannot be overstated.
Non-aerosol overcaps are a functionally significant component that facilitates consumer usage and maintains product integrity as a configurable extension of a package design identity. Dust protection, unintentional discharge avoidance, and enhanced packaging aesthetics are just a few of the benefits of using non-aerosol overcaps.
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The global demand for non-aerosol overcaps is projected to increase at a CAGR of 4.2% during the forecast period between 2022 and 2032, reaching a total of USD 359.2 Million in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 2.9%.
Non-aerosol overcaps suit a variety of bottles and cans, and can also be used as a measuring cup for liquids. Consumers have a straightforward attitude to packaging: they want packaging that is intuitive, simple to use, safe, sustainable, and cost-effective. Customers are increasingly turning to internet purchasing and mobile product consumption. This has resulted in a shift in consumer engagement and their approach to packaging solutions.
Dispensing solutions play a critical part in providing customers with a safe experience while utilizing products. Non-aerosol overcaps prevent non-aerosol containers, bottles, and cans from spilling and wasting liquid. Non-aerosol overcaps are used in a variety of sectors, including food and beverage, cosmetics, healthcare, automotive, and others. Manufacturers supply non-aerosol overcaps to industries for basic packaging solutions or respond to their client's demands with bespoke choices. The market for non-aerosol overcaps is expected to grow at a steady rate in the coming years.
Rising Demand from Various End-Use Sectors to Accelerate the Market Growth
The rising need for non-aerosol solutions across various end-use sectors such as healthcare, cosmetics, paint, and automotive is expected to drive considerable growth potential in the non-aerosol overcaps market.
Demand for medicinal goods, cosmetic creams, paint products, and other non-aerosol solutions drives the industry. The ever increasing demand for products necessitates the selection of a substantial closure for a packaging solution. Overcaps are a practical need to ensure product integrity in addition to being a customized extension of packaging solutions. These reasons will raise the need for non-aerosol overcaps significantly in the near future.
Recycling Concerns to Restrain the Market Growth
Weight reduction has harmed the integrity of non-aerosol cans, which feature overcaps. As a result, manufacturers are working on producing more consumer-oriented products in order to ensure safe packaging.
Aside from that, recycling concerns are a danger to the expansion of the non-aerosol overcaps industry. However, with changing trends and the use of biodegradable non-aerosol overcaps, recycling concerns are addressed, and demand for non-aerosol overcaps increases during the projection period.
Lucrative Development Possibilities and Rising Consumer Demand to Fuel the Market Growth
The non-aerosol overcaps market in North America is expected to accumulate the highest market share of 28% in 2022. North America is the market's dominant region, with a high CAGR projected over the projection period. Personal care and cosmetics, as well as the food and beverage sectors, drive the global market for non-aerosol overcaps.
Lucrative development possibilities and rising consumer demand are expected to benefit the region's market. Furthermore, rising consumer expenditure in growing economies such as the United States and Canada drives up demand for non-aerosol in the personal care industry.
Exponential Rise in Packaging for Personal Care & Cosmetics Items in the Region to Fuel the Market Growth
The non-aerosol overcaps market in Asia-Pacific is expected to accumulate a significant market share of 13% in 2022 and is expected to continue to maintain the trend over the forecast period as well.
Due to an exponential rise in packaging for personal care & cosmetics, and pharmaceutical items, India will acquire a substantial chunk of the non-aerosol overcaps market by the end of 2032. Low tax rates on food, cosmetics, and personal care items, as well as readily accessible and inexpensive trained labor, will further contribute to India's increased market dominance.
The increasing number of Indian end-use sectors such as FMCG, internet retail, and home care items would benefit the country's market share in APAC. Taking all of these considerations into account, India will have a significant presence in the non-aerosol overcaps market throughout the projected period.
Growing Demand from the Pharmaceutical and Personal Care Sectors in the Region
The non-aerosol overcaps market in Europe is expected to accumulate a market share value of 19%in 2022. Because of the rising usage of the product in the pharmaceutical and personal care sectors, Europe dominates the non-aerosol overcaps industry.
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The Personal Care & Cosmetics Segment to Drive the Non-Aerosol Overcaps Market
Non-aerosol overcaps are expected to dominate the market due to their high demand in a variety of end-user sectors, including personal care and cosmetics. Non-aerosol overcaps are a self-contained dispensing method in which a material is held inside a compact metal canister and pushed out as a fine mist, spray, or foam.
Non-aerosols can be used extensively in the cosmetic industry, followed by pharmaceutical, industrial, and other industries. Packaging for Perfumes & Health Hygiene items such as body deodorants, perfume sprays, room fresheners, shaving foams, hair colors, and others are among the cosmetic uses which are bound to fuel the market growth during the forecast period.
Lightweight non-aerosol cans and bottles have become more popular in recent years than regular items. Many new manufacturers are focusing on developing more sustainable items that are easy to recycle and have no negative environmental impact. Spending on research and development has grown over the last decade in order to supply customers with a cost-effective product, which will generate several opportunities for the non-aerosol overcaps market during the projected period. Here are a few of the non-aerosol overcaps start-ups:
Prominent players in the Non-Aerosol Overcaps market are Berry Global Inc., Huhtamaki Oyj, Precision Valve Corp., Claytoon Corp., O.Berk Company, Cobra Plastics, Dubuque Plastics, InterPac International LLC and Rieke Corp, among others. The competitors in the non-aerosol overcaps market are attempting to expand their market reach by establishing a presence in previously unexplored regions. Furthermore, the leading companies are attempting to focus on growing their production capacity through the development of manufacturing facilities or acquisitions.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 4.2% from 2022 to 2032 |
Market Value in 2022 | USD 238.1 Million |
Market Value in 2032 | USD 359.2 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Material Used, Diameter, Application, End-use Industries, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Thailand, Australia, New Zealand, GCC, South Africa, Israel |
Key Companies Profiled | Berry Global Inc.; Huhtamaki Oyj; Precision Valve Corp.; Claytoon Corp.; O. Berk Company; Cobra Plastics; Dubuque Plastics; InterPac International LLC; Rieke Corp; Limner Technology Co. Ltd.; Wuzhi Sunmart Science and Technology Co. Ltd.; Whea-Stone Co. Ltd.; Daisaku Trading Co. Ltd.; Dhiren Plastic Industries; AG Poly Packs |
Customization & Pricing | Available upon Request |
As of 2021, the market for non-aerosol overcaps was valued at USD 235 Million, as per FMI
By 2022-end, sales of non-aerosol overcaps closed at a value of USD 238.1 Million
From 2016 to 2021, non-aerosol overcaps demand expanded at a CAGR of 2.9%
From 2022 to 2032, non-aerosol overcaps sales are expected to flourish at a CAGR of 4.2%
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Material Used 5.1. Plastic 5.1.1. Polyethylene 5.1.2. Polypropylene 5.1.3. Others 5.2. Metal 5.2.1. Aluminium 5.2.2. Steel 5.3. Others 6. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Diameter 6.1. Less than 30 mm 6.2. 31 to 40 mm 6.3. 41 to 50 mm 6.4. More than 50 mm 7. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Application 7.1. Cans 7.2. Bottles 8. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By End-use Industries 8.1. Food & Beverages 8.2. Consumer Goods 8.3. Automotive 8.4. Pharmaceuticals & Healthcare 8.5. Painting and Coating Industry 8.6. Personal care & Cosmetics 8.7. Others 9. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. Middle East and Africa (MEA) 10. North America Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14. East Asia Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 15. Oceania Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 16. MEA Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Berry Global Inc. 19.2. Huhtamaki Oyj 19.3. Precision Valve Corp. 19.4. Claytoon Corp. 19.5. O. Berk Company 19.6. Cobra Plastics 19.7. Dubuque Plastics 19.8. InterPac International LLC 19.9. Rieke Corp 19.10. Limillioner Technology Co. Ltd. 19.11. Ningbo Vision Co. Ltd. 19.12. Wuzi Sunmart Science and Technology Co. Ltd. 19.13. Whea-Stone Co. Ltd. 19.14. Daisaku Trading Co. Ltd. 19.15. Dhiren Plastics Industries 19.16. AG Poly Packs 20. Assumptions & Acronyms Used 21. Research Methodology
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