Caps and Closures Market Synopsis
Caps & closures are essential for packaging. Therefore, they not only include containers that help to extend shelf-life of the products; they also act as a barrier to dirt, moisture, and oxygen. Market Research Future (MRFR) has published a research report on the global caps and closures market size that assays increase for this market at 5.2% CAGR between 2017 and 2023. By value, the market has been figured to be worth the USD 65.12 bn by the end of the forecast period.
The vital factor extending the global caps and closures market is the surging demand for bottled water and smaller packaging sizes from the end-user industries. Other factors forming the abutment for the market growth include rising concerns toward product quality as well as safety, technological improvements, increased consumption of processed foods & beverages, innovation in packaging, and replacement of metal closures with glass or plastic food containers. However, strict government regulations on packaging material waste can slow down market growth. Market growth can also be hindered by rules related to recycling and fluctuating raw material prices.
Rexam PLC (U.K)
AptarGroup Inc. (U.S.)
Berry Plastics Corporation (U.S.)
RPC Group Plc. (U.K.)
Amcor Limited (Australia)
Crown Holdings Inc. (U.S.)
Guala Closures Group (Italy)
Reynolds Group Holdings Limited (New Zealand)
Silgan Holdings Inc. (U.S.), and BERICAP GmbH Co. & KG (Germany)
are some of the key players of the caps and closures market.
Caps and Closures Market Segmentation
On the basis of material, the Caps and Closures Market has been segmented into plastic, metal, and others.
Based on type, the caps and closures market has been segmented into caps, closures, corks, stoppers, cans, and others.
On the basis of End-User, the caps and closures market has been segmented into food & beverage, pharmaceutical, cosmetics, automotive and others.
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This report on the global caps and closures market by MRFR includes a regional assessment that covers the following segments – Europe, Asia Pacific, North America, and the Rest of the World (Row). These regional segments are also analyzed on the level of countries for providing an impactful intelligence. Asia Pacific, among these regions, is expected to lead the global market. Rising hygiene concerns and rise in standard of living have led to a shift from unpackaged to packaged food products. It is supposed to drive the growth of the caps and closures market in the region. Increasing growth rate of the end-user industries is also projected to catalyze expansion of the regional market in the nearby future. Moreover, the growth of the pharmaceutical industry is also poised to influence the regional market favorably.
TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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