Global Ribbed Closures – Market Overview:
The changing preference of consumer in the packaging industry and better features offered by ribbed closures such as easy gripping for the user to twist on and off creates an opportunity for the ribbed closures manufacturer in the global market. In the packaging industry, ribbed closures are a kind of basis closures. The ribbed closure is a threaded closure with an uninterrupted spiral mechanism. This closure has a flat matte top, which easily allows labeling and it is useful in branding and writing an important message on closure. Ribbed closures are suitable for food and beverages, pharmaceutical, agriculture, personal care, automotive and many other industries. For liquid and semi-liquid packaging, ribbed closures are one of the cost-effective packaging closures. Easy to open, light in weight and suitable for wide array of bottles are few of the key features which help in increasing the demand for ribbed closures in the global closures market. Ribbed closures market is expected to gain sustainable growth in the closure market owing to environmental friendly property.
Global Ribbed Closures – Market Dynamics:
One the significant factors which contribute to the growth of the global ribbed closures market is economic growth in developing countries and increasing health awareness among consumer. Due to the increasing health awareness, the demand for the energy drinks and packed water demand is growing day by day, and it is directly impacting the demand for ribbed closures. Well established sales distributor network for various products may be the reason which helps in emerging growth of the global ribbed closures market. Increasing demand for the cosmetics and personal care products in the global market assists in driving the demand of the ribbed closure market. Ribbed closure lightweight, and excellent sealability are few of the major factors which contribute to the growth of the global ribbed closures market.
Global Ribbed Closures – Market Segmentation:
Global ribbed closures market segmented on the basis of material type, diameter and by end use.
On the basis of material, global ribbed closures market is segmented into –
On the basis of diameter, global ribbed closure market is segmented into –
- Up to 15 mm
- 15 to 30 mm
- 30 to 50 mm
- Up to 50 mm
On the basis of end use, global ribbed closure market is segmented into –
- Food & Beverages
- Cosmetic & Personal Care
Global Ribbed Closures Market- Regional Outlook:
Geographically, the global ribbed closures market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to be the biggest subscriber in terms of volume and value because of growing standard of living and increase of disposable incomes. India and China have expected significant growth in market volume share due to the rise in the retail sector in these regions. China is expected to have the largest share of ribbed closure in the Asia Pacific market whereas Europe and North America have the highest demand for ribbed closures due to increasing demand for the cosmetic products in these regions. Europe is expected to occupy significant share in ribbed closures market. Asia Pacific and North America have the most significant regional market followed by Europe for the ribbed closures, owing to high demand from customers. The Middle East and Central and South America are expected to observe considerable growth rates in the near future.
Global Ribbed Closures Market- Major Players:
Few of the major players identified across the globe in the ribbed closures market are Berry Plastics Corp., Amcor Limited, MJS Packaging, Alpha Packaging International, Gosselin Group, Olcott Plastics, Mold-Rite Plastics, Phoenix Closures, Plastic Closures Limited, etc.
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