March 17, 2020

Screw Closures Market Extensively Used By The Majority Of Industries Forecast

In their latest report titled – “Screw Closures Market – Global Industry, Size, Share, Growth, Trends and Forecast, 2018–2027”, Transparency Market Research (TMR) delivers key insights on the use of different materials and processes used for screw closures, along with various end uses and applications. According to TMR, the global screw closures market is projected to clock a CAGR of 5.0%, during 2018-2027, which is attributed to several factors, on which, the report provides thorough insights and forecast. The APEJ (Asia Pacific Excluding Japan) screw closures market is expected to take the rise in terms of CAGR.

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The global screw closures is experiencing growth due to an increase in demand from the beverage, food , pharmaceuticals, and personal care & cosmetics industries. The Asia Pacific excluding Japan (APEJ) region is estimated to be the largest marketplace for the global screw closures market.

In this report, TMR has discussed individual strategies followed by the recent developments in the screw closures product segments. TMR suggests that the increase in the growth of single-serve beverages is expected to be a key driving force in the growth of the screw closures market globally. Polypropylene has been found to be the most widely used material for screw closures. Out of several plastics, LDPE, HDPE, polypropylene, metal, and thermosets are expected to witness maximum use for screw closures. Polypropylene is estimated to account for more than 50% of the global screw closures market by value. The TMR study analyses the screw closures market in several regions and focuses on the key dynamics affecting the screw closures market, globally.