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Closures/Caps add to an essential part in the packaging industry. Whether it’s twisting the cap, or a screw top, closures form the doorway to product experience. With the changing consumer lifestyles and preferences and technological advancement, the packaging industry continuously upgrades its packaging trends in terms of closures/capping. Keeping in mind the re-usability factor, packaging industry has been developing flip-top closures also known as snap on closures for product packaging. Flip-top packaging are convenient as compared to convention sealed caps owing to its re-usability, easy-to-use and multi-use characteristics. Flip-top packaging is prominently used in food and beverage industry. Its convenient features have resulted in the wide adoption by other industries including pharmaceuticals, health and personal care, automotive and other consumer goods. Flip-top packaging market is expected to grow during the forecast period attributed to its convenient features that extends shelf life of the product.

Flip-Top Packaging Market: Market Dynamics

Flip-top packaging market is witnessing a growing demand in order to cater to changing consumer requirements for reclosing fasteners. The increasing demand for portability by the workforce who are constantly on a move has driven the flip-top packaging market.  Flip-top packaging method is especially suited for liquid products that help in pouring the liquids as and when needed. Flip-top packaging market has gained an increased adoption across industries for its easy to use features. The flip-top packaging market adds value to beverage industry which has driven the manufacturers to widely adopt this packaging method for liquid product packaging.

Flip-top packaging market opportunities in the food industry is expected to benefit from the industry’s  demand for easy to open closure types especially for food items such as ketchups, jellies and jams. Boosted by the convenience, flip-top packaging market is expected to witness a continuous growth across industries.

Flip-Top Packaging Market: Market Segmentation

Flip-top packaging market can be segmented on the basis of application, which include:

  • Food & Beverage
    • Jams and Jellies
    • Ketchups
    • Juices
    • Water
    • Soda
    • Health Drink
    • Others
  • Dairy Products
    • Milk
  • Pharmaceuticals
    • Syrups
    • Tablets
  • Health & Hygiene
    • Shampoo
    • Lotions
    • Creams
    • Oil
    • Others
  • Automotive
  • Other Consumer Goods

Flip-top packaging market can be segmented on the basis of raw material, which include:

  • LDPE
  • LLDPE
  • PP
  • PVC
  • Others

Flip-top packaging can be segmented on the basis of application including food and beverage industry which includes flip-top packaging for products categories like jellies and jams, ketchups, juices, water, health drinks, soda and others, dairy products such as milk bottles, pharmaceuticals wherein, flip-top packaging is used for syrups and small sized tablets, health and hygiene products which includes a wide range of products such as creams, lotions, oil, shampoo. It is also widely applied in the automotive industry for products like diesel, engine oil and others. Flip-top packaging method includes plastic caps that can be segmented on the basis of plastic materials such as LDPE, LLDPE, PP, PVC and others.

Flip-Top Packaging Market: Regional Outlook

Regional coverage for flip-top packaging include North America, Latin America, Europe, Asia Pacific and China (APAC) and Middle East and Africa (MEA). APAC is expected to witness a rapid growth in the flip-top packaging market owing to the presence and continuous development in food and beverage industries. Developing countries such as India and China are expected to have a robust demand for flip-top packaging market. MEA is expected to grow significantly in terms of global flip-top packaging market. Matured markets such as North America, Europe and Latin America are expected to contribute moderately to flip-top packaging market.

Flip-Top Packaging Market: Market Players

The market players in flip-top packaging include Amcor Limited, Bericap Holding GmBH, Berry Plastics Corporation, Crown Holdings Inc., Nampak Limited, Hangzhou Xinye Bottle Cap Company Ltd., Shanghai Zijiang Enterprise Group Company td., Tetra Pak and others.

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
  • Europe
  • 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.

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Flip Top Packaging Market