Global Aerosol Overcap Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aerosol Overcap Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Aerosol Overcap market finds that the global Aerosol Overcap market reached a value of USD 553.5 million in 2022. It’s expected that the market will achieve USD 742.77 million by 2028, exhibiting a CAGR of 5.02% during the forecast period.

COVID-19’s Impact On Crude Oil and Refined Products

On Monday March 9, Oil plunges 24% for worst day since 1991, hits multi-year low after OPEC deal failure sparks price war. Growing concerns over the Covid-19 outbreak and surplus production from Saudi Arabia, the United Arab Emirates and Russia have roiled global crude oil markets.
The Covid-19 pandemic has made the already subdued demand outlook grimmer. The spread has led to demand disruption in major crude oil-consuming nations. Some countries/regions with increasing Covid-19 cases such as the North America, Europe, China, Japan, South Korea, South America, and now even India and Southeast Asia, account for ~85% of the global economy. The spread of the virus would deal a severe blow to their industries and supply chains and impact oil demand from these geographies.
However, there’s a flip side. Crude oil and gas prices are falling, potentially benefiting industrial users and consumers. Not only is industry using less oil as global demand pressures are reduced by curtailed business travel and manufacturer closures in quarantined areas, but Saudi Arabia is increasing supply. Lower crude oil prices will help chemical producers outside of the US, at least on the raw material side, since there are a number of companies that produce ethylene and other basic chemicals from crude oil instead of from natural gas. However, that will likely not be enough to offset the drop in demand for more chemical end-use products as the effects of cancelled events, flights, vacations, etc., ripple their way through the global economy. Consumers will likely be happy about the lower gas prices. However, with many limiting or delaying travel plans out of real and/or perceived risk of either contracting COVID-19 or being stuck in a quarantine zone in this volatile time, they are not likely taking advantage of it in the way they ordinarily would. A return to higher levels of consumer confidence will be needed for consumers to absorb this higher level of production.

Market Key Trends

The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, userfriendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

The top three companies are Berry, Cobra Plastics (Silgan), Aptar Group with the revenue market share of 43.83%, 6.09%and 5.11% in 2019.

Berry Global, Inc is a Fortune 500 global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, it has over 290 facilities across the globe and more than 48,000 employees. With $13 billion in revenues in fiscal year 2018, the company is the 6th largest Indiana headquartered company in Fortune Magazine’s ranking.

Silgan Holdings is a Connecticut-based American manufacturing company that produces consumer goods packaging. The Company manufactures aerosol over caps for all kinds of products including personal, household, food, paint, automotive, and industrial.

Segmentation Overview:

Among different product types, Traditional “Dust-Cover” Overcaps segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Personal Care segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Aerosol Overcap market covered in Chapter 3:

RPC M＆H Plastics
Weener Plasticum
Berry
Rackow Polymers
Cobra Plastics (Silgan)
Coda Plastic
Rieke Packaging Systems
EStyle Caps & Closures
Dubuque Plastics
BERICAP
Aptar Group
PLASSTRADE Packaging
Precision Valve

In Chapter 4 and Chapter 14.2, on the basis of types, the Aerosol Overcap market from 2018 to 2029 is primarily split into:

“Spay Through” Overcaps
Traditional “Dust-Cover” Overcaps

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aerosol Overcap market from 2018 to 2029 covers:

Personal Care
Household
Insecticide
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)