Push Pull Closures Market Analysis: The Polypropylene Segment Accounted for More than 60% of the Market Value Share in 2018

According to Transparency Market Research’s latest market report titled “Push Pull Closures Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2027. The push pull closures market stood at US$ 2,295.2 Mn in 2018 and is forecast to register a CAGR of 4.8 % during 2018 – 2027. The push pull closures market is estimated to be valued at US$ 3,507.4 Mn by the end of the forecast period.

In terms of material type, the polypropylene segment is expected to be most attractive segment in the push pull closures market across the globe. Polypropylene material provides strong barrier properties and its resistance to chemicals makes it a prominent material for push pull closures. As compared to polyethylene, polypropylene provides more moisture resistance. By material type of push pull closures, the polyethylene segment accounts for more than 30% of the market value share in 2018. The demand for push pull closures is primarily driven by PET bottles, HDPE bottles, and metal bottles. Increase in consumer orientation towards hygiene is expected to boost the growth of the global push pull closures market. The rise in the sales of sports bottles will create further growth opportunities for the global push pull closures market.

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Drivers & Restraints of the Global Push Pull Closures Market

High Demand for Push Pull Closures

The rise in the consumption levels of various end-use industries such as food & beverage, pharmaceuticals, & household goods is expected to increase the demand for push pull closures. Increase in consumer spending on convenience products is expected to boost the global push pull closures market. The sports bottles market is increasing at a good CAGR value globally, due to the changing consumer habits. Barrier properties of sports bottles ensure hygiene and are preferred by consumers. The increase in demand for smaller bottles due their compactness drives the push pull closures market. Also, the consumption of push pull closures in food, chemical, and personal care & cosmetics industries has witnessed a significant increase. All the above factors are expected to boost the sales of global push pull closures.

Rising Competition from Closure-less Packaging

In order to reduce packaging costs and increase the profitability margins, food & beverage manufacturers are opting for closure-less packaging products such as closure-less tetra pack flexible pouches. This factor is creating high competition for push pull closures manufacturers. In today’s global economy, the strict rules and regulations by various governments against the use of plastic may hinder the growth of the global push pull closures market. Overall, the outlook for the global push pull closures market is expected to remain positive, during the forecast period.

Global Push Pull Closures Market Taxonomy

The global push pull closures market is segmented by diameter, material, and end-use industry. The beverage industry is expected to dominate the global push pull closures market.

By diameter, the global push pull closures market is segmented into:

  • Upto 24 mm
  • 24 mm – 34 mm
  • 34 mm – 44 mm
  • Above 44 mm

By material type, the global push pull closures market is segmented into:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Others (PS, PET)
  • Thermosets

By end-use industry, the global push pull closures market is segmented into:

  • Beverages
  • Food
  • Pharmaceuticals
  • Households
  • Others (Chemicals & Fertilizers)

The Asia Pacific excluding Japan (APEJ) region is estimated to account for the largest share in the global push pull closures market. The MEA region is estimated to contribute a small but rapidly growing market share in the global push pull closures market. The growth in the push pull closure market in Latin America is expected to be moderate during the forecast period.

Key Developments in the Global Push Pull Closures Market

  • In October 2017, Silgan’s closures facility in Champaign, Illinois received Illinois Governor’s Sustainability Award 2017 for its efforts to minimize waste, cut energy consumption, reduce emissions, and improve safety.
  • In April 2017, the company completed the acquisition of the dispensing systems business of WestRock Company for US$ 570 Mn.
  • In May 2016, the company launched the ParaPET steel closure for PET jars and bottles on LaVictoria Salsa.

Competitive Landscape of the Global Push Pull Closures Market

Key players which have been profiled in the global push pull closures market report include Closure Systems International, Inc. , Mold-Rite Plastics, LLC, Georg MENSHEN GmbH & Co. KG, CL Smith Company, Global Closure Systems, Bericap GmbH and Co KG, Closure Systems International, Inc., O. Berk Company, LLC, Silgan Plastic Closures Solutions, RPC.M&H Plastics. Ltd., Global Closure Systems. , Amcor Limited, United Caps Luxembourg S.A, Jiangsu Changjiang Lids Co., Ltd, and Blackhawk Molding Co. Inc.

In this report, Transparency Market Research (TMR) offers forecast data of the global push pull closures market between 2018 and 2027. In terms of value, the global push pull closures market is expected to expand at a CAGR of 5.1% during the forecast period. The study reveals the dynamics of the push pull closures market in six geographic segments, along with a market analysis for the current market environment and future scenario over the forecast period.

Push Pull Closures Market - Report Description

This Transparency Market Research report studies the global push pull closures market for the period 2018–2027. The prime objective of this report is to offer insights and key market trends affecting the global push pull closures. The insights given in the push pull closures market report are presented in a manner which can be useful to take a business decision by analysing the historical and forecasted data.

The global push pull closures market report begins with an executive summary in which short information about the market scenario is presented. It is followed by the market dynamics and an overview of the global push pull closures market, which includes FMI analysis of the market drivers, restraints, and trends that are affecting the growth of the push pull closures market. Furthermore, to understand the year-on-year trends of the push pull closures market, a Y-o-Y analysis with elaborated insights is provided.

The next section of the report highlights the push pull closures market by region and provides the market outlook for 2018–2027. The study analyses the drivers that influence the regional push pull closures market. The main regions assessed in this report include North America, Latin America, Europe, Japan, APEJ, and MEA. The report evaluates the present scenario and growth prospects of the regional push pull closures market for 2018–2027. A country-level analysis of push pull closures market is presented in the report.

To ascertain the size of the push pull closures market in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the push pull closures market. In order to provide an accurate forecast, we initiated by sizing up the current market with the help of the parent market. We gathered data from secondary research for push pull closures market and validated it through primary research. Also, we form the basis of how the push pull closures market is expected to develop in the future by taking into account the opinions of industry experts. Given the characteristics of the push pull closures market, we triangulated the outcome on the basis of three different types of analysis- based on the supply side, downstream industry demand, and economic envelope. Additionally, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters to understand the predictability of the push pull closures market and identify the right opportunities across the market.

The segments for the global push pull closures market have been analysed in terms of their market share to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for identifying the key trends in the push pull closures market.

In the final section of the report on push pull closures, a 'dashboard view' of the companies is provided to compare the current industrial scenario and their contribution to the total push pull closures market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. The report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the push pull closures marketplace.

Detailed profiles of companies are also included in the global push pull closures market report to evaluate their strategies, key product offerings, and recent developments. The key players operating in the global push pull closures market include Closure Systems International, Inc. , Mold-Rite Plastics, LLC, Georg MENSHEN GmbH & Co. KG, CL Smith Company, Global Closure Systems, Bericap GmbH and Co KG, Closure Systems International, Inc., O. Berk Company, LLC, Silgan Plastic Closures Solutions, RPC.M&H Plastics. Ltd., Global Closure Systems. , Amcor Limited, United Caps Luxembourg S.A, Jiangsu Changjiang Lids Co., Ltd, and Blackhawk Molding Co. Inc.

Key Segments Covered in the Global Push Pull Closures Market

By Diameter of Push Pull Closures

  • Upto 24 mm
  • 24-34 mm
  • 34-44mm
  • Above 44 mm

By Push Pull Closure Material Type

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Others (PS, PET)
  • Thermosets

By End-Use Industry of Push Pull Closures

  • Beverages
  • Food
  • Pharmaceuticals
  • Households
  • Cosmetic & Personal Care
  • Others (Chemicals & Fertilizers)

By Market Region of Push Pull Closures

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific excluding Japan (APEJ)
    • China
    • India
    • ASEAN
    • Australia
    • New Zealand
    • Rest of APEJ
  • Middle East and Africa (MEA)
    • North Africa
    • GCC Countries
    • South Africa
    • Turkey
    • Israel
    • Rest of MEA
  • Japan
.