Global Caps and Closures
Market is expected to grow at a significant CAGR in the upcoming years as the
scope, Product Types, and its applications are increasing across the globe.
Caps and Closures are mainly used in the Packaging industry to preserve and extend
the shelf life of products. For suitable product packaging, the Caps and
closures industry offers different types of materials to manufacture such as
metals, rubber, plastic paperboard, and others. Increasing demand for the
packaging industry, the use of eco-friendly caps and closures, and increasing
demand for the plastic caps and closures provide significant opportunities for
the market.
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There is high demand for the
eco-friendly caps and closures, because of the natural ingredients present such
as wood, bamboo, paper board. They are less harmful, and easily recycled. They
consist of PIR (Post Industrial Resin), PCR (Post Consumer Resin), and PLA
(polymerized Lactic Acid) among the rest, the expenditure can be condensed,
which will raise the market of caps and closures. Caps and Closures Market is segmented, By Raw
Material into Metal (aluminum and steel), Plastic (polyethylene, polypropylene,
polyethylene terephthalate, polyvinyl chloride, polycarbonate, and
polystyrene), others (glass, wood, rubber & elastomers, and paperboard).
The Wood and paper board segment is expected to increase the market demand
during the upcoming years.
Caps and Closures Market is
segmented, By Type into Metal caps & closures (screw & lug cans, cap
ends, crown caps, others), Plastic caps & closures (screws, dispensing
caps, liquid carton closures, plastic lotion pumps, plastic aerosol sprays, others),
Other caps & closures (corks, glass stoppers, rubber stoppers, others).
Caps and Closures Market is segmented, By End-Use into Industry Food industry,
Beverage industry (alcoholic and non-alcoholic beverages), Healthcare industry,
Cosmetics & toiletries, Others (chemical and automotive industry). Caps and
Closures Market is segmented, By Geographical Region into Asia Pacific (China,
India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC
countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America
(Brazil, Rest of Latin America), Western Europe (Germany, Italy, France,
England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia,
Rest of Eastern Europe).
Asia-Pacific is analyzed to
witness the highest growth in the Caps and Closures market in the upcoming
years. The Asia-Pacific region offers the potential growth opportunities in
developing countries such as China, India. The region is propelled by factors
such as growth and development of the food and beverages, personal care
industry, healthcare, Growing population.
Additionally, LAMEA segment is the fastest growing segment, which is
estimated to grow at a high CAGR in volume, which is followed by Europe, which
holds significant market share. Caps and Closures Industry Key Players include
Caps & Closures Pty. Ltd, Beri cap GmbH Co. & Kg, Berry Plastics
Corporation, Amcor Ltd, AptarGroup Inc, Borealis.
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