Southeast Asia Dispensing Caps and Closures Market – Industry Trends and Forecast to 2027

Market Analysis and Insights: Southeast Asia Dispensing Caps and Closures Market

Southeast Asia dispensing caps and closures market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.6% in the forecast period of 2020 to 2027 and expected to reach USD 372,735.25 thousands by 2027 from USD 241,040.00 thousands in 2019. Increasing demand for packaged food and beverages products and retail sector are the major factors for the market growth.

The dispensing caps and closures are useful in sealing the bottle or any type of packaging, from which inside material can be dispensed. The use of caps and closures are higher is many sectors such as food and beverages, cosmetics, personal cares and others. The consumption of carbonated drinks is increasing day by day owing to increasing disposable income of people in countries such as Singapore, Thailand and Indonesia.

For instance, Thailand has exported USD 1400 million of soft drinks in the year 2018. This accounts 6.7% of total value export of soft drinks across the globe. Demand for the carbonated drinks lead to increase in demand for packaging products which increases the market growth rate.

This dispensing caps and closures market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.