Caps & Closures Market is expected to reach US$ 99.80 Bn. by 2029, at a CAGR of 5.5% during the forecast period.
Caps & Closures Market Overview
The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios, Industry benchmarks, region wise market potential and Industry rivalry. The segment wise analytics cover the segment wise scope for the market, facilitating the companies in segment related decision making.
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Caps & Closures Market Report Scope and Research Methodology
The report on Caps & Closures Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Caps & Closures market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Caps & Closures industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.
Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Caps & Closures market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Caps & Closures market size, the bottom-up approach was used.
Caps & Closures Market Regional Insights
The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, market drivers, barriers, CAGR, and import and export in all the regions
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Caps & Closures Market Segmentation
by Type
Plastic caps & closures
Metal caps & closures
Other caps & closures (corks, glass stoppers, rubbers)
On the basis of Type, plastics caps & closures dominating a largest growth share of %. Over a forecast period, Due to its superior properties and low cost. Within metal caps, tin and aluminum are expected to witness significant growth. Extensive R&D activities in markets, such as paper and rubber, are further expected to augment global market growth in the next few years. Increasing concerns regarding biodegradability and carcinogenicity of plastics are expected to hinder the market growth over the forecast period. Stringent regulatory policies by agencies such as the U.S. EPA, REACH and European Commission regarding plastics usage are expected to further pose challenges to the market growth.
by End-Use
Beverage industry
Healthcare industry
Food industry
Cosmetics & toiletries
Others
On the basis of end-use, the beverage industry is expected to account for the largest market share of % during the forecast period. As Caps & Closures are widely used in the industry for the Bottle neck, jar necks and containers this are used to protect the product, enhance the safety, spoilage, reduce leakage and contamination in the food and beverage industry.
by Product Type
Easy-Open Can End
Metal Lug Closures
Peel-Off Foils
Screw Closures
Metal Crowns
Corks
Others
The increasing demand for effective packaging to ensure the longer shelf life of food, keeping the products fresh and beverages are the key factor driving the global caps and closures market. The beverages industry, for a long time, has been the major contributor to the rising demand for caps & closures.
Caps & Closures Market Key Players
1. Silgan Holdings,
2. Plastics Corporation,
3. Crown Holdings,
4. Closure Systems International,
5. Aptar Group,
6. Pact Group Holdings.
7. Alpha packaging
8. Berry Plastic Corporation
9. Amcor plc
10. Guala Closures S.P.A
11. RPC Group Plc.
12. Berlin Packaging
13. Reynolds Group Holdings Limited
14. SIG Combibloc group ltd.
15. SABIC
Key questions answered in the Caps & Closures Market are:
Key Offerings:
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