Sport Cap and Closure Market
Sport cap and closure are referred to the caps which provide tightening solution for bottled water. It means packaging that is designed or constructed significantly for sealing the liquid bottles. Moreover, the trend of adopting sustainable sport cap and closure due to environmental concerns is uplifting the market of sport cap and closure.
Market Size and Forecast
The global sport cap and closure market is expected to grow at a robust CAGR over the forecast period i.e. 2017-2024. Further, the market of sport cap and closure is driven by the changing lifestyle of the consumer coupled with rising personal disposable income.
The sport cap and closure market is segmented into cap type, material, application and region. Further, the cap type segment is sub-segmented into cinch, push pull, oriented, pilot, xtreme and others, out of which cinch sport cap and closure segment is projected to attain lion share in the overall market of sport cap and closure. In addition to this, the growth of cinch sport cap and closure segment is attributed to the rising introduction of innovative designed cinch sports caps. Apart from this, push pull segment is expected to seize an outstanding CAGR by the end of 2024. Furthermore, polypropylene (PP) segment by material captured the largest stake in the market of global sport cap and closure and is envisioned to grow significantly during the forecast period.
North America and Europe region are the notable markets for sport cap and closure market in 2016. North America is poised to grow rapidly over the forecast period owing to presence of urban population. Further, wide product availability in this region is also helping the sport cap and closure market to garb noteworthy revenue. Further, U.S. is the major contributor in the market of sport cap and closure market in this region. Further, rising number of health awareness programs have encouraged the population to involve in sports activities which in turn expected to boost the demand for sports water drinking bottles. This factor is believed to foster the growth of sport cap and closure market.
Europe sport cap and closure market is attaining remarkable s and collecting considerable revenue. Further, Western Europe countries such as U.K. Germany, France and others are the major countries witnessing the augmenting demand for sport cap and closure. Furthermore, presence of numerous vendors in this region is predicted to upsurge the growth of sports cap and closure market.
In Asia-Pacific, sport cap and closure market is anticipated to show a robust growth over the forecast period with the booming of cap and closure industry in this region. Additionally, China is the dominating country in this region. Further, increasing adoption of sport cap and closure by the fitness people in this region is projected to boost the growth of sport cap and closure market.
Market Segmentation
Our in-depth analysis segmented the sport cap and closure market in the following segments:
By Cap Type
By Material
By application
By Region
Global sport cap and closure market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Introduction of advanced sport cap and closure by major key players in order to fulfill various demands of the consumers is projected to foster the growth of sport cap and closure market over the forecast period. Moreover, advancement such as smooth liquid flow rate, easy to open and close, secure seals to prevent leakage and others are believed to be the dynamic factor behind the rapid growth of sport cap and closure market.
Rapid urbanization is one of the major factors propelling the market of sport cap and closure. In addition to this, population in urban region are more inclined towards fitness and wellness coupled with changing lifestyle of the consumers have pushed them to adopt innovative design bottles integrated with sport cap and closure. This factor is envisioned to foster the growth of sport cap and closure market all across the globe. Moreover, swelled disposable income has led the consumers to spend more on advanced products for drinking water, supplements and others beverages.
Expansion of beverage industry along with introduction of numerous health drinks has augmented the demand for sport cap and closure which is anticipated to trigger the growth of sport cap and closure market. Likely, rising health consciousness among consumers is expected to supplement the growth of sport cap and closure market.
However, high cost associated with sport cap and closure as compared to normal caps and presence of other caps are anticipated to dampen the growth of sport cap and closure market globally.
Key players
The major key players for sport cap and closure are as follows
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global sport cap and closure market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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