Global Non-Aerosol Overcaps Market To Grow At A CAGR Of 4.50% During The Projection Period

The global non-aerosol overcaps market size was worth around USD 340 million in 2021 and is predicted to grow to around USD 485 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.50% between 2022 and 2030

Non-aerosol overcaps are outer caps used on bottles that contain liquid under normal conditions, unlike aerosol overcaps where the liquid is contained under extreme pressure. The flow of the liquid outside the container depends on the conditions they are stored in. In the case of aerosol overcaps, when the liquid is used, it will generally come out in the form of spray like deodorants, mists, etc. whereas, in the case of non-aerosol overcaps, the liquid will come out in its natural flowing state. Non-aerosol caps are sometimes used as an extra layer of protection covering and in certain cases, they are used to measure the liquid contained like in the case of syrups.

These caps are widely used in the pharmaceutical, cosmetics, healthcare, food & beverages industries. Since these are some of the fastest-growing industries, the global market growth can be expected to gain higher momentum in the coming years if market players can carefully navigate through some of the challenges and stay in sync with the actual demands of the end consumers.

Covid-19 left a considerable impact on the global market cap owing to the increased demand for liquid medicines especially the ones used for the treatment of cough or other related syrups. Although the global market faced certain difficulties related to the supply chain because of transport restrictions and partially functional manufacturing units, however, once the restrictions were eased, the manufacturers were able to meet the growing demand.

The global non-aerosol overcaps market is expected to grow owing to the increased demand for safe and reusable packaging owing to the awareness amongst the users related to sustainable packaging solutions. Non-aerosol caps are a part of small yet excellent innovation in the packaging industry owing to their multi-functionality and applications in different sectors.

These caps are used widely in the pharmaceutical sector which is expected to grow exponentially because of the rise in medical cases, geriatric population, and other related reasons. The Indian pharmaceutical sector has grown more than 15% in the last 5 years. In 2020, the global pharmaceutical manufacturing sector was worth over USD 400 billion. This growth can also be attributed to the rising research & development activities across the globe. Some of the other industries that non-aerosol overcaps cater to are the F & B and cosmetics sectors which are also registering high growth. Since the global market caters to such vast industries owing to its versatile nature, the global market cap is anticipated to grow significantly during the projection period.

The rising demand for eco-friendly packaging may restrain global market cap expansion. The cosmetic market penetration in emerging economies is expected to provide growth opportunities in the global market. The improper overcaps waste management may challenge global market growth

The global non-aerosol overcaps market is segmented based on material used, application, and region.

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.

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.

Asia-Pacific is anticipated to lead the global non-aerosol overcaps market owing to the growing packaging industry especially catering to the pharmaceutical and the cosmetic sector. The region is known for some of the widely used cosmetic brands while also being one of the highest consumers of skin and beauty products. Japan, Malaysia, Indonesia, and other regions are gaining global recognition in this sector. Regions like China, India, Bangladesh, etc. are known for their efficient manufacturing units which are propelled by the presence of skilled and affordable labor. As per official reports, China contributed over 29% of the global manufacturing yield in 2019.

North America is expected to lead the global non-aerosol overcaps market and generate higher revenues owing to strategic decisions undertaken by key players to expand their global presence. The rising trend of mergers & acquisitions along with other tie-ups across borders may aid regional market growth.

The global non-aerosol overcaps market is dominated by players like Limner Technology Co. Ltd., Precision Valve Corp., InterPac International LLC, Whea-Stone Co. Ltd., Ningbo Vision Co. Ltd., O.Berk Company, Dubuque Plastics, Dhiren Plastics Industries, Cobra Plastics, Berry Global Inc., and Daisaku Trading Co. Ltd.

Recent Developments:

• In July 2022, Industrial Sustainability Group (ISG) launched new and sustainable packaging for its Infinity Lube Super Spray. The product includes air-propelled (non-aerosol) and recyclable cans with extended shelf-life and added durability. The new technology allows up to 50% more usable products without negatively impacting the environment
• In November 2019, Qosmedix, a global provider in the beauty, skincare, and fragrances market, introduced 6oz. new non-aerosol fine mist spray bottles. The products are launched in association with its primary packaging category where these bottles will deliver fine mists in a liquid formula. The unique products promise to carry the same effect as aerosol mists but without a harmful impact on the environment.

This review is based on a report by Zion Market Research, titled “Non-Aerosol Overcaps Market By Application (Cans and Bottles), By Material Used (Metals, Plastic, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/non-aerosol-overcaps-market

The global non-aerosol overcaps market is segmented as follows:

By Application

• Cans
• Bottles

By Material Used

• Metals
• Plastic
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com