Pharmaceutical Caps and Closures Market Trends, Size, Analysis and Forecast to 2020

Technavio Announces the Publication of its Research Report Global Pharmaceuticals Caps and Closures Market 2016-2020

Technavio recognizes the following companies as the key players in the global pharmaceuticals caps and closures market: Amcor, Caps & Closures, O.Berk, Closure Systems International, and Global Closure Systems.

Other Prominent Vendors in the market are: Alpha Packaging, Guala Closures, Mocap, Phoenix closures, Reynold, Technocap, and WestRock.

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Commenting on the report, an analyst from Technavios team said: Emergence of dual-spout closures will be a key trend for market growth. Consumer convenience has become the key element for all the innovations in the global pharmaceutical market. Companies are introducing advance designs, which entice the consumer by the type of convenience it provides. For instance, Triumph Pharmaceutical has also launched dual spout closures for its oral care product SmartMouth. It allows the consumer to use two solutions simultaneously from two bottles packed as one. This product comes in three categories: original, gum and plaque, and dry mouth. The two PET bottles are together by one closure and is fully shrink-wrapped. Consumer can mix two solutions together, before dispensing the liquid out of a bottle.”

According to the report, one of the key drivers for market growth will be replacement of one-piece over two-piece caps. Most companies use injection-molded HDPE closures for packaging pharma products. They are commonly used in Europe and Asia, and still growing in other part of the world. Shifting from two-piece closures to one-piece closures require changes in material as well as the manufacturing process. Single-piece caps reduce the material used and the weight of overall packaging. Single-piece closures weigh 2 grams less than the two-piece caps and closures. They also have...