Flip Lids Market: An Overview
Packaging has shifted the horizon from primary use to protect the material or products to the innovated design of products with utmost importance to attract the customers with the help of recent technological advancements. Flip Lids is the best suitable example of the same. Flip Lids are mostly used as closures of Beverage products and Personal care products. The Flip Lids ensures the leak-proof packaging and thus the Flip Lids market is expected to grow at a moderate rate during the forecast period.
Over the last few years, the usage of a plastic material such as Polypropylene is used tremendously due to its various characteristics such as non-reactive to chemicals, easily formable or mouldable and thus efficient in using for packaging of Pharmaceutical and Cosmetic products. Flip Lids are available for various types of packaging such as jars, bottles, sachets, and tubes. This type of packaging is useful for food and beverage products in which demand has increased over the last few years and thus the Flip Lids market is expected to have a lucrative business during the forecast period.
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Flip Lids Market: Dynamics
The factors which drive the Flip Lids market are a rise in Personal care and cosmetics business, an increase in expenditure amount of middle-class people, a rise in food & beverage industries, an increase in e-commerce and retail business and an increase in production & consumption of poly-based materials.
The factors which restrain the Flip Lids market are the availability of alternatives such as bio-plastics or recyclable plastics which are bio-degradable and bio-compostable which in turn reduces the burden of carbon footprint and increase in usage of paper-based products by most of the key manufacturers.
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Flip Lids Market: Segmentation
The Flip Lids market is segmented on the basis of the type of material, application, and type of product.
The Flip Lids market is segmented on the basis of the type of material as
- Polyethylene (PE)
- Low-Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene (LLDPE)
- High-Density Polyethylene (HDPE)
- Polystyrene (PS)
- Polyvinylchloride (PVC)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyethylene (PE)
The Flip Lids market is segmented on the basis of application as
- Food and Beverage
- Cosmetics and Personal Care
- Industrial Chemicals
- Consumer goods
The Flip Lids market is segmented on the basis of the type of packaging as
- Pumps and Dispensers
Flip Lids Market: Regional Outlook
On a global level, North America and Europe are the major share contributor in the Flip Lids market and expected to have a steady growth rate in the Flip Lids market during the forecast period. Asia-Pacific and especially China, Japan and India are expected to have the highest growth rate in the Flip Lids market due to an increase in penetration of e-commerce & retail business and the number of consumers in this particular region.
Latin America, Middle East & Africa and Oceania are the regions that are expected to have a moderate growth rate in the Flip Lids market due to emerging economies and an increase in Pharmaceutical & Healthcare facilities.
Flip Lids Market: Key Players
Some of the key players in Flip Lids market are Blackhawk Molding Co Inc, Amcor Limited, Tetra Pak, RPC Group, Rexam PLC, Aptar Group, Guala Closures Group, Shanghai Zijiang Enterprise Group Co Ltd, Hangzhou Xinye Bottle Cap Co Ltd, Nampak Limited, BERICAP GmbH & Co KG, DS Smith Plc, Silgan Plastic Closure Solutions, Weener Plastic Groups, Essel Propack Limited, Gerresheimer, Global Closure Systems, Crown Holdings, Siligan Holdings Inc, Reynolds Group Holdings Limited, Closure Systems International, Oriental Containers Limited, Oriental Corporation, West Coast Plastic Udyog Private Limited, O Berk Co, Berry Global, Pelliconi & C Spa, and Premier Vinyl Solution.
Flip Lids Market: Impact of COVID-19
The Flip Lids market is expected to experience a downfall during the outbreak of COVID-19 pandemic across the globe and then rise gradually during the forecast period once the impact of pandemic nullifies. However, during the pandemic, the demand for Flip Lids will be limited to the Pharmaceutical, Food & Beverage, Consumer goods and Healthcare products as the production of essential goods is permitted by the government of all countries. The countries such where the pandemic is not severe are working almost normally which are expected to contribute a major share in the Flip Lids market during the forecast period.
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.