Global Aluminum Caps and Closures Market is set to witness a stable CAGR in the forecast period of 2018-2025
Aluminum Caps and Closures Market, By Product Type (Roll-On Pilfer-Proof (ROPP) Caps, Easy-Open Can Ends, Non-Refillable Closures, Others), End-Use Sector (Beverage, Food, Pharmaceutical, Home & Personal Care, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025.
The Global Aluminum Caps and Closures Market is expected to reach USD 5.42 billion by 2025, from USD 7.10 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Aluminum Caps and Closures Market
Aluminum caps and closures are produced in various diameters and closures types. They offer stability and rigidity than other used material.. With a wide exhibit of metal shading finishing alternatives aluminum caps and closures are a most loved decision for nourishment and refreshment industry. These closures give a composed framework able to do simple opening and apportioning. These plan frameworks incorporate alter clear and tyke safe bundling.
They are use in various industries including beverages, food, pharmaceuticals, personal & homecare and others. According to State of the Specialty Food Industry, food industry is growing at a strong clip with sales hit USD 127.0 billion and a 15.0% jump in total sales between 2014 and 2016. Furthermore, According to International Trade Administration, in 2015, Australia’s total personal care and cosmetics market is estimated at USD 3.4 billion, with over 70.0% of all consumption imported. Furthermore, Australia’s personal care and cosmetics markets, with the overall market conservatively estimated to grow by 4.0% per annum in 2017 and 2018. Thus increasing demand from end-user is driving factor for the aluminum caps and closures.
Market Drivers:
- Growing demand for convenience
- Worries about product safety and security
- Product differentiation and branding
- Decreasing pack sizes
Market Restraints:
- Availability of substitutes
- Matured markets
Segmentation: Global Aluminum Caps and Closures Market
- By Product Type
- Roll-On Pilfer-Proof (ROPP) Caps
- Easy-Open Can Ends
- Non-Refillable Closures
- Others
By End-Use Sector
- Beverage
- Food
- Pharmaceutical
- Home & Personal Care
- Others
- By Geography
- Asia Pacific
- China
- South Korea
- Japan
- India
- Australia
- Singapore
- Thailand
- Indonesia
- Malaysia
- Philippines
- Rest of Asia-Pacific
- North America
- US
- Canada
- Mexico
- Europe
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Spain
- France
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Competitive Analysis: Global Aluminum Caps and Closures Market
The global aluminum caps and closures market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In, December 2014, Herti Launched sparkling wine closure. This closure keeps internal pressure of up to four bars and suits a range of sparkling wines.
Key Market Competitors: Global Aluminum Caps and Closures Market
The key players operating in the global aluminum caps and closures market are –
- Crown Holdings
- Silgan Holdings
- Amcor
- Guala Closures
- Closure Systems International
The other players in the market are Alcopack Group, Herti JSC, Torrent Closures, Cap & Seal Pvt. Ltd., Federfin Tech S.R.L., Osias Berk Company, ITC Packaging, Dyzdn Metal Packaging, Shangyu Sanyou Electro-Chemical Aluminum Products, Alameda Packaging, EMA Pharmaceuticals, J.G. Finneran Associates, Alupac India, Alutop, Hicap Closures, Manaksia Limited, MJS Packaging, Integrated Caps, Global Closure Systems, KGS & Co among others.
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Research Methodology: Global Aluminum Caps and Closures Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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