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.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
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.
Looking for exclusive expert insights from business experts? Request a custom report
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.