A recent report published by Infinium Global Research on caps and closure market provides an in-depth analysis of segments and sub-segments in the global as well as regional caps and closure market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional caps and closure market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global caps and closure market. According to the report, the global caps and closure market is projected to grow at a CAGR of 5.0% over the forecast period of 2019-2025.
Caps and closures are plastic packaging on top of jars, bottles, tubes, cans, and so on. They are suitable for the requirements of a massive range of products and containers. These are of different types such as crown cap, screw top, snap-on, tamper-evident, friction fit, and dispersing. They are designed not only to specifically fit a certain type of bottle, container neck or jar but also the actual material and interior configuration. They are found in a broad range of applications in numerous industries such as cosmetics, beverages, chemicals, and pharmaceuticals.
The growing demand for the packaging market drives the growth of caps and closure market. Further, rapidly growing pharmaceuticals, cosmetics, and fast-moving consumer goods (FMCG) industries are contributing to the growth of the market. However, the fluctuation in raw material prices is affecting the growth of the market. The eco-friendly caps and closures and increasing use of PET-Disposable bottles are expected to provide significant growth opportunities for this market in the emerging and developing economies. Flexible packaging such as pouches for sealing containers and usage of PVC, paper, aluminum and polypropylene as a substitute is a challenge for the major players to expand further during the forecast period
The Asia Pacific is expected to hold the largest share of caps and closure market owing to the rising demand for canned food and beverages. India and China are emerging to be the economies across the APAC region, which are expected to grow at a significant rate during the forecast period. Further, the growing beverage, healthcare, and personal care products industry in this region are contributing to the growth of the market in this region. Additionally, a growing population and economic development are driving the growth of caps and closure market in this region.
The report on global caps and closure market covers segments such as raw-material, end users type, and product type. On the basis of raw-material, the sub-markets include plastic, metal, and others. On the basis of end users type, the sub-markets include food, beverages, consumer goods, personal care & cosmetics, pharmaceuticals, and others. On the basis of product type, the sub-markets include peel off, plastic screw closures, metal crown closures, metal screw closures, corks, pumps and sprays, rubber stops, and others.
The report provides profiles of the companies in the market such as Pact Group Holdings Ltd, AptarGroup Inc., Reynolds Group Holdings Ltd, Closure Systems International (CSI), Silgan Holdings Inc, Crown Holdings, Inc, Berry Plastics Corporation, BERICAP GmbH und Co KG, Alpla Holdings Gmbh, and Amcor Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of caps and closure market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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