September 23, 2020

Caps and Closures Market Size, Outlook and Future Scope Analysis Forecast to 2023

Summary

Global Caps and Closures Market Size, information By Material (Plastic, Metal, and others), By Type (Caps, Closures, Corks, Stoppers, Cans, and others), By End-User (Food & Beverage, Pharmaceutical, Cosmetics, Automotive and Others) And Region - Forecast 2023

Market Analysis

Various factors are propelling the global Caps and Closures Market Size, share. As per the current MRFR report, such factors include the growing concerns about product safety and quality, innovation in packaging, increased consumption of processed foods and beverages, growing demand from chemical, food and beverage, pharmaceutical, cosmetic industry, and home care products, and growing demand for childcare products.

Key Players

Notable players profiled in the global Caps and Closures Market Size, report include BERICAP GmbH Co. & KG (Germany), Guala Closures Group (Italy), Silgan Holdings Inc. (U.S.), Reynolds Group Holdings Limited (New Zealand), Amcor Limited (Australia), Crown Holdings Inc. (U.S.), RPC Group Plc. (U.K.), AptarGroup Inc. (U.S.), Berry Plastics Corporation (U.S.), and Rexam PLC (U.K).

Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global Caps and Closures Market Size based on type, material, and end user.

By type, the globalCaps and Closures Market Size, is segmented into cap ends, cans, stoppers, corks, closures, caps, and others. Of these, caps will lead the market over the forecast period for the increasing use of screw caps to pack beverage products like fruit juices and bottled water.

By material, the global Caps and Closures Market Size, is segmented into metal, plastic, and others. Of these, the plastic segment will dominate the market over the forecast period.

Regional Analysis

Based on region, the global Caps and Closures Market Size, report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, the Asia Pacific will dominate the market over the forecast period. Growing demand for packaged foods in India, Brazil, and China, increase in purchasing power, changing lifestyle, the presence of a large population, low production costs, and increasing demand in consumer goods, food and beverages, and pharmaceutical sectors are adding to the global Caps and Closures Market Size, growth in the region.

The global caps & closures market in North America is predicted to have notable growth over the forecast period. Demand for conveniently packed products, people becoming more health-conscious, and increasing sales of healthy drinks & juices are adding to the global Caps and Closures Market Size, growth in the region.

The global Caps and Closures Market Size, in the RoW is predicted to have sound growth over the forecast period.

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