Global Push Pull Closures Market (Business Opportunities - Advertising Service)

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Item ID 130981529 in Category: Business Opportunities - Advertising Service

Global Push Pull Closures Market

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Global Push Pull Closures Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 6.4% during forecast period.

Increasing consumer spending on convenience products and high demand for smaller bottles are some of the factors propelling market growth. Push-pull closures are mostly used in liquid dishwashing. The customer pulls the spout to open the bottle and can then push the spout to reclose. Beverage push-pull is mainly evident in mineral water and soft drinks, usually in the still water and sports drinks categories and for bottles typically less than one liter in size. However, the strict rules and regulations by many governments against the use of plastic are hindering the market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis

Polypropylene (PP) segment accounts for more than 30% of the market value share in 2018. The demand for push pull closures is mostly driven by PET bottles, HDPE bottles, and metal bottles. A rise in consumer orientation towards hygiene is expected to boost the growth of the global push pull closures market. The increase in the sales of sports bottles will create further growth opportunities for the global push pull closures market.

Food & beverages segment is expected to account for high growth in terms of revenue during the forecast period. With fast-changing lifestyle, there is an improved demand for convenience foods that are easy to carry and spill resistance. Growing demand for beverages like tetra milk, flavored milk, juices, and buttermilk pushes the push pull closures market toward expansion. Rise in demand for small pouches of jams, jellies, and sauces would further precede the market to broaden. Sports and fitness sector is likely to increase the demand for push pull closures.

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Target State: Indiana
Target City : pune
Last Update : Sep 22, 2020
Number of Views: 29
Item  Owner  : pallavi
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2020-11-23 (0.072 sec)