The global low profile
compact system closures market is expected to witness significant
demand over the forecast period. Packaging for products has evolved
through the ages witnessing a tremendous shift in design, functionality,
aesthetics, and convenience. When talk about convenience, we consider both -
the producers as well as the consumers. With respect to the consumers,
convenience refers to easy usage, durability, increased functionality, and
convenient disposal. With the “on the go lifestyle” taking over, the
preceding characteristics hold tremendous weightage. With respect to the
producers, convenience refers to low cost of production, less raw material
usage, convenient storage and transport, low weight, and aesthetic appeal.
Considering these needs of
consumers and producers, low profile compact system closures and packages
exactly fit the bill. Low profile compact system closures have become an
attractive segment of closures in the cosmetics, pharmaceutical and healthcare
sector. Closures are used to seal cans, bottles, tubes, etc. Low profile
compact system closures market maintain the integrity of the product and make
possible the preservation of the product. This, in turn, increases the shelf
life of the product.
Various materials are used in the
production of closures. The material used is mainly chosen to accentuate the
aesthetics while also maintaining the functionality of the product. One of the
upcoming and most effective closure systems available in the market is the low
profile compact system closure. Low profile compact system closures are perfect
for water-based and solvent-based formulations as this technology maintains the
characteristics of the product during use and on the shelf. Low profile compact
system closures technology locks the container effectively, thereby retaining
the product by prevention of weight loss due to loss of moisture.
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In today’s market, packaging
demands convenience not only in the functionality of the packaging, but also
the storage, disposal, and transport. With the increasing disposable incomes,
personal use products have seen a tremendous rise in demand. This, in turn, has
triggered the supply of the products and innovations to reduce the total cost
of their production and packaging. By that token, low profile compact system
closures have fittingly found their way in the packaging production systems.
Low profile compact system closures
reduce the overall weight of the packaged product. Weight reduction is achieved
due to the less use of raw material in the production of the low profile
compact system closures. In terms of sustainability, less energy is
utilized during production; which is a major driver for the size of low profile
compact system closures market. Moreover, Transport of total number of units
per truck also increases; which is expected to boost the global low profile
compact system closures market size.
The global low profile compact
system closures market is segmented into material type, end use, and geography.
On the basis of Material Type, the global low profile compact system closures
market size spans metal, plastic, wood, rubber, elastomers, and so on. On the
basis of End Use, the global low profile compact system closures market size
spans cosmetics, food & beverages, healthcare, pharmaceuticals, automotive,
chemical, and so on. On the basis of Geography, the global low profile compact
system closures market size spans North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa. The low profile compact system closures
market is expected to grow during the forecast period.
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