Caps and Closures Market foreseen to grow exponentially over 2018-2026


Posted January 11, 2022 by neha_s

Caps and closures are plastic packaging on top of bottles, jars, tubes, cans, and so on. Caps and closures are of different types such as screw top, crown cap, snap on, friction fit, tamper evident, and dispersing.
 
Caps and closures are plastic packaging on top of bottles, jars, tubes, cans, and so on. Caps and closures are of different types such as screw top, crown cap, snap on, friction fit, tamper evident, and dispersing. Caps and closures find a broad range of application in numerous industries such as beverages, cosmetics, chemicals, and pharmaceuticals. The material used to manufacture caps and closures must possess excellent balance of stiffness and toughness along with good chemical resistance. Generally, caps and closures of lightweight and high toughness are preferred in the market.
Significant demand for product safety, rising demand from end-use industries, product differentiation, and a large product scope are the major drivers for caps and closures market. Rising implementation of stringent environmental regulations and availability of substitutes in the market are projected to be the factors hindering market growth.

Caps and Closures Market Outlook
• Asia Pacific is the largest and estimated to be the fastest growing market due to increasing demand in end-use industries such as alcoholic beverages, beer, food & soft beverages, and pharmaceuticals due to their low production cost and ability to keep the beverages safe
• North America and Europe are also expected to grow due to increasing rate of beer consumption in the region, during the forecast period. Also, it is expected that the consumption of liquor will increase in forecast period. Pharmaceutical industry in these regions drives the demand for highly chemical resistance caps and closures for various uses within the industry

Caps and Closures Market Taxonomy
The global caps and closures market is segmented as follows:
On the basis of raw material;
• Plastic
• Polypropylene
• Polyethylene
• PVC
• Other Plastic Films
• Full Card Blister
• Metal
On the basis of end-use industry;
• Food
• Beverage
◦ Non-Alcoholic Beverages
◦ Alcoholic Beverage
• Healthcare
• Cosmetic & Toiletries
• Others End Uses

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Major players in the caps and closures market are Guala Closures Group (Italy), Amcor Limited Plc (Australia), RPC Group PLC (U.K.), Crown Holdings Incorporation (U.S.), Rexam PLC (U.K.), Silgan Holdings Inc. (U.S.), AptarGroup, Inc. (U.S.), and Berry Plastics Corporation (U.S.).

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Issued By Coherent Market Insights
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Last Updated January 11, 2022