| Product Code: ETC7366111 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada continues to see a steady increase in the import of caps and closures, with key exporting countries in 2024 being Puerto Rico, USA, Trinidad and Tobago, China, and the UK. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. With a strong compound annual growth rate (CAGR) of 11.35% from 2020 to 2024, the industry shows promising growth potential. The growth rate of 1.62% from 2023 to 2024 highlights a consistent upward trajectory in import shipments, signaling a favorable market outlook for caps and closures in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Caps & Closure Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Caps & Closure Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Caps & Closure Market - Industry Life Cycle |
3.4 Grenada Caps & Closure Market - Porter's Five Forces |
3.5 Grenada Caps & Closure Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Grenada Caps & Closure Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
4 Grenada Caps & Closure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenience packaging solutions |
4.2.2 Growing awareness about sustainability and eco-friendly packaging options |
4.2.3 Expansion of the food and beverage industry in the region |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative packaging solutions |
4.3.3 Regulatory challenges related to packaging material specifications |
5 Grenada Caps & Closure Market Trends |
6 Grenada Caps & Closure Market, By Types |
6.1 Grenada Caps & Closure Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Caps & Closure Market Revenues & Volume, By Material Type, 2021- 2031F |
6.1.3 Grenada Caps & Closure Market Revenues & Volume, By PET, 2021- 2031F |
6.1.4 Grenada Caps & Closure Market Revenues & Volume, By PP, 2021- 2031F |
6.1.5 Grenada Caps & Closure Market Revenues & Volume, By HDPE, 2021- 2031F |
6.1.6 Grenada Caps & Closure Market Revenues & Volume, By LDPE, 2021- 2031F |
6.2 Grenada Caps & Closure Market, By End User Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Caps & Closure Market Revenues & Volume, By Beverage (Bottled Water, Beer, Dairy, RTD, Wine, Spirits, etc.), 2021- 2031F |
6.2.3 Grenada Caps & Closure Market Revenues & Volume, By Food, 2021- 2031F |
6.2.4 Grenada Caps & Closure Market Revenues & Volume, By Pharmaceutical and Healthcare, 2021- 2031F |
6.2.5 Grenada Caps & Closure Market Revenues & Volume, By Cosmetics and Toiletries, 2021- 2031F |
7 Grenada Caps & Closure Market Import-Export Trade Statistics |
7.1 Grenada Caps & Closure Market Export to Major Countries |
7.2 Grenada Caps & Closure Market Imports from Major Countries |
8 Grenada Caps & Closure Market Key Performance Indicators |
8.1 Percentage of recycled materials used in caps and closures production |
8.3 Customer satisfaction ratings for product quality and durability |
9 Grenada Caps & Closure Market - Opportunity Assessment |
9.1 Grenada Caps & Closure Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Grenada Caps & Closure Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
10 Grenada Caps & Closure Market - Competitive Landscape |
10.1 Grenada Caps & Closure Market Revenue Share, By Companies, 2024 |
10.2 Grenada Caps & Closure Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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