Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1351.57 Million | USD 2445.69 Million | 6.11% | 2024 |
The global non-aerosol overcaps market size was worth around USD 1351.57 Million in 2024 and is predicted to grow to around USD 2445.69 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6.11% between 2025 and 2034. The report analyzes the global non-aerosol overcaps market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the non-aerosol overcaps industry. In addition, the report explores emerging opportunities in the non-aerosol overcaps market
Aerosol refers to containers in which the liquid substance is kept under pressure. When the button for relieving the liquid, as per requirement, is pressed the liquid comes out in the form of a fine spray. A non-aerosol system is the exact opposite and describes any product that is not kept in a pressurized spray bottle or container. Non-aerosol overcaps can be used to fit on the top of any bottle and have various applications. In certain situations, they can act as an outer protective covering and in other cases, they can be used as measuring cups for the liquid.
Consumers are now focused on solutions that are easy to use and still manage to solve basic problems. Non-aerosol overcaps are one of the simplest yet extremely innovative parts of smart packaging. With the end-users becoming smart with their choices, companies are now striving toward creating an effective user experience, especially in products where there is always a chance of wastage but non-aerosol overcaps are able to prevent liquid spillage.
Some of the companies provide standard forms of overcaps whereas some cater to the more customized needs of clients. However, with the growing number of products available in the market owing to increasing demand and constant innovation, manufacturers of non-aerosol overcaps are also getting flexible with their production and trying to capture as many market segments as possible.
Covid-19 Impact
Covid-19 had a major impact on the global market cap, majorly driven due to the rise in demand for cough syrups or other medicinal units in the pharmaceutical and healthcare sector. Since non-aerosol overcaps are used to measure liquids like syrups, the demand for the products increased significantly during 2020 and 2021. However, the global market faced many obstacles like the closure of manufacturing units, and restrictions on transportation during the initial phase.
Increasing application in the cosmetic sector to propel market growth
The global non-aerosol overcaps market growth is expected to be high in the coming years owing to the rising applications of such overcaps in the cosmetic sector across the globe. Non-aerosol caps have found a significant number of customers in the cosmetics sector which is full of liquid products requiring safe packaging. These products range from skincare to hair care items with multiple products getting added to the global market on a daily basis. In 2019, the global cosmetics sector generated a revenue of over USD 350 billion and the industry is showing signs of exceptional growth in the next few years.
This can be attributed to the rise in the number of market players, both international and domestic. The market competition in the cosmetic sector is more intense now than it has ever been owing to the growing demand in the global market. Cosmetic manufacturers are now forced to upgrade their products constantly in order to stay ahead in the game which is anticipated to propel the global market growth.
Rising demand for eco-friendly packaging to restrain market cap expansion
The global market may experience growth restrictions owing to the rising trend in the demand for eco-friendly packaging which is a result of increasing awareness amongst the general population about the harmful effects of non-environment friendly products or their packaging. As per a March 2022 report published by the United States Environmental Protection Agency, more than 82.2 million tons of plastic waste were generated from the packaging industry alone. Such amounts of waste can leave a non-lasting or irreplaceable impact on the environment leading to a growing need for adopting packaging solutions that do not impact the natural habitat. This may restrict the growth of the global market unless there is a significant change towards creating environmentally safe non-aerosol overcaps.
Cosmetic market penetration in emerging economies to provide growth opportunities
The global non-aerosol overcaps market may benefit owing to an increased rate of cosmetic products in the growing economies. Due to technical advancements along with exhaustive marketing initiatives undertaken by cosmetic manufacturers, there is a growth in the consumer database. More end-consumers are inclined towards different brands offering quality cosmetic products. Earlier, there were only a few key players in the global skincare and cosmetic market which made the products inaccessible to a larger section of the population. However, owing to an increase in domestic players with their prices ranging within the affordability index, more consumers are able to utilize the products thus aiding global market growth which is expected to grow even further during the forecast period.
Improper overcaps waste management may challenge market growth
Non-aerosol overcaps are manufactured in huge quantities and are easily replaceable because of their size and rudiment shape. This leads to the generation of huge amounts of waste and the global market currently lacks the necessary and efficient waste disposal management. Such factors may challenge global market growth until global leaders are able to find more sustainable ways of managing the waste generated because of the widespread use of non-aerosol overcaps.
The global non-aerosol overcaps market is segmented based on application, material used, and region.
Based on application, the global market is segmented into cans and bottles. Owing to the rising advancements in lightweight non-aerosol cans are gaining more popularity as compared to traditional cans. However, currently, the market segment is led by bottles. TRESemme Tres Two, a leading international hair spray brand managed to generate more than USD 150 million in 2018.
By material used, the global market is divided into metals, plastics, and others. Metal packaging may grow at a CAGR of 3.3% during the projection period owing to rising demand for cosmetics, and fast-moving consumables (FMCG) goods. The global market may also register significant growth in the plastics segment because of its applications in the pharmaceutical industry.
Report Attributes | Report Details |
---|---|
Report Name | Non-Aerosol Overcaps Market |
Market Size in 2024 | USD 1351.57 Million |
Market Forecast in 2034 | USD 2445.69 Million |
Growth Rate | CAGR of 6.11% |
Number of Pages | 172 |
Key Companies Covered | Berry Global Inc., Huhtamaki Oyj, Precision Valve Corp., Claytoon Corp., O. Berk Company, Cobra Plastics, Dubuque Plastics, InterPac International LLC, Rieke Corp, Limner Technology Co. Ltd., Wuzhi Sunmart Science and Technology Co. Ltd., Whea-Stone Co. Ltd., Daisaku Trading Co. Ltd., Dhiren Plastic Industries, AG Poly Packs, and others. |
Segments Covered | By Material Type, By Application, By End-User Industry, By Design Type, By Functionality, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2024 |
Forecast Year | 2025 to 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to register high CAGR during the forecast period.
The global non-aerosol overcaps market may witness Asia-Pacific as the highest revenue-generating region during the forecast period owing to the growth of the cosmetics sector in regions like South Korea, China, India, and others. South Korea is one of the regions that is continuously upgrading its skincare industry with domestic brands getting more international acceptance and growing exposure. The region is also known for its growing creativity in trying different and effective ingredients in the cosmetic segment. The South Korean beauty industry was around USD 11 billion in 2019 and is expected to grow at a CAGR of 10% in the coming few years.
North America may also register significant growth because of the advanced healthcare and pharmaceutical sector. The USA pharmacy sector was worth USD 535 billion in 2020 and is projected to grow at a fast pace during the projection period thus propelling regional growth.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the non-aerosol overcaps market on a global and regional basis.
The global non-aerosol overcaps market is dominated by players like:
The global non-aerosol overcaps market is segmented as follows;
By Material Type
By Application
By End-User Industry
By Design Type
By Functionality
By Region
FrequentlyAsked Questions
The global non-aerosol overcaps market is expected to grow due to increasing demand for convenient, safe, and sustainable packaging solutions across various end-use industries like cosmetics, personal care, food and beverage, and pharmaceuticals, coupled with a rising focus on user-friendly and aesthetically appealing .
According to a study, the global non-aerosol overcaps market size was worth around USD 1351.57 Million in 2024 and is expected to reach USD 2445.69 Million by 2034.
The global non-aerosol overcaps market is expected to grow at a CAGR of 6.11% during the forecast period.
North America is expected to dominate the non-aerosol overcaps market over the forecast period.
Leading players in the global non-aerosol overcaps market include Berry Global Inc., Huhtamaki Oyj, Precision Valve Corp., Claytoon Corp., O. Berk Company, Cobra Plastics, Dubuque Plastics, InterPac International LLC, Rieke Corp, Limner Technology Co. Ltd., Wuzhi Sunmart Science and Technology Co. Ltd., Whea-Stone Co. Ltd., Daisaku Trading Co. Ltd., Dhiren Plastic Industries, AG Poly Packs, among others.
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