In times of uncertainty, reliable products help provide reassurance when consumers need it most. While many are turning to products like hand sanitizer, people value a successful result after every trial. “With the outbreak of the global pandemic, the need for hand sanitizers has quadrupled and an increase in the overall growth of 16x from December 2019 to March 2020,” claims Fior Markets.1
Hand sanitizer is not the only product facing high demand. According to Euromonitor2 International, the food market is anticipated to grow at a rate of 3.5% by 2024 in the sauces, dressings, and condiments segments. Consumers are turning to items like shelf-stable foods and other products of necessity.
After the acquisition of RPC Group in July of 2019, our Company expanded its portfolio of dispensing closures. Growth within this market enables us to provide a wide array of options for consumers desiring products of importance. In addition, we are currently accelerating our innovative efforts within this space to offer more sizes and orifice options for dispensing and flip-top closures based on recent consumer demand. Our flip-top closures range from 15mm to 53mm with various orifice size and value options. Our flip-top tamper-evident closure, FlipGuard, is another option that can serve the food and home care markets.
Learn more about our range of plastic products & packaging solutions.
1 Fior Markets. “Global Hand Sanitizer Market Is Expected to Reach USD 2.14 Billion by 2027: Fior Markets,” accessed April 14, 2020, https://www.globenewswire.com/news-release/2020/03/26/2007160/0/en/Global-Hand-Sanitizer-Market-Is-Expected-to-Reach-USD-2-14-Billion-by-2027-Fior-Markets.html
2 Euromonitor International. “Statistic Evolution,” Accessed April 15, 2020, http://www.portal.euromonitor.com/portal/?YZFn7NMaKN%2bh%2bjSOahgAiA%3d%3d.