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Report: Global Caps and Closures Market Share Will Exceed USD 85.75 Billion By 2025

According to the report, the global caps and closures market was USD 58.56 billion in 2018 and is expected to reach around USD 85.75 billion by 2025, at a CAGR of 5.6% between 2019 and 2025.

New York, NY, July 28, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Caps and Closures Market by Product Type (Plastic Screw Closures, Metal Crown Closures, Metal Screw Closures, Corks, Dispensing Caps, Pumps and Sprays, Rubber Stoppers, and Others), by Material Type (Plastic, Metal, and Others), by End-User (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, Consumer Goods, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”.

According to the report, the global caps and closures market was USD 58.56 billion in 2018 and is expected to reach around USD 85.75 billion by 2025, at a CAGR of 5.6% between 2019 and 2025.

Browse through 105 Tables & 34 Figures spread over 110 Pages and in-depth TOC on “Global Caps and Closure Market: By Product Type, Industry Share, Size, Applications, Segments, Analysis and Forecast, 2018–2025”.

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Cap and closures are used to seal bottles or containers to avoid leakage and for preservation. Caps and closures have become integral constituents of the packaging industry. These offer an attractive appearance and brand diversification for products. The global caps and closures market is projected to witness notable growth in the next few years, owing to the rising demand for the packaged food and beverages across the globe. Moreover, the increasing demand for cosmetic products, such as creams, lotions, and perfumes, is likely to propel the caps and closures market growth. Additionally, the application of caps and closures is growing rapidly owing to the rising awareness regarding hygiene which is expected to further drive the caps and closures market. However, fluctuating prices of raw materials that are used to produce caps and closure may limit the caps and closures market growth. Alternatively, constant technological advancements in product designs will offer further market growth opportunities.

The report covers a forecast and an analysis of the metal caps and closures market on a global and regional level. The study provides historical information from 2016 to 2018 along with a forecast from 2019 to 2025 based on both volume (K Units) and revenue (USD Billion). The complete study covers the key drivers and restraints of the metal caps and closures market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the metal caps and closures market on a global level.

In order to offer the users of this report, a comprehensive read of the metal caps and closures market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the metal caps and closures market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

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Abstract

  • The report covers the forecast and analysis for the Caps and Closures Market on a global and regional level.
  • The report includes the positive and negative factors that are influencing the growth of the market.
  • The revenue generated by the prominent industry players has been analyzed in the report.
  • The market numbers have been calculated using top-down and bottom-up approaches.
  • The Caps and Closures Market has been analyzed using Porter’s Five Forces Analysis.
  • The market is segmented on the basis of agriculture type, software type, service type, solution type, and application type, which in turn is bifurcated on a regional level as well.
  • All the segments have been evaluated based on present and future trends.
  • The report deals with in-depth quantitative and qualitative analyses of the Caps and Closures Market.
  • The report includes detailed company profiles of the prominent market players.

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The global caps and closures market is classified on the basis of type, material type, and end-user. The product type segment of the caps and closures market includes plastic screw closures, metal crown closures, metal screw closures, corks, dispensing caps, pumps and sprays, rubber stoppers, and others. Plastic screw closures dominated the global caps and closures market in 2018, owing to the rising application of plastic screw closures in food and beverage and pharmaceutical industries. Moreover, the growing demand for dispensing caps in pharmaceutical and cosmetic industries is likely to enhance the caps and closures usage. Based on material type, the caps and closures market includes plastic, metal, and others. In 2018, the plastic segment dominated the global caps and closures market. The global demand for plastic caps and closures is increasing rapidly owing to the emerging end-use industries like food and beverage, pharmaceuticals, and consumer goods. The end-user segment of the market includes food and beverage, pharmaceutical, cosmetics and personal care, consumer goods, and others. The food and beverage segment is expected to dominate the global caps and closures market in the future, owing to the growing number of food and beverage companies in both developed and developing countries.

The Asia Pacific region contributed the largest share to the global caps and closures market in 2018 and is anticipated to register the fastest CAGR in the future. This can be attributed to the region’s flourishing packaging industry, growing application of caps and closures by the food and beverage industry, and increasing demand for caps and closures in China, Japan, and India.

Browse the full “Caps and Closures Market by Product Type (Plastic Screw Closures, Metal Crown Closures, Metal Screw Closures, Corks, Dispensing Caps, Pumps and Sprays, Rubber Stoppers, and Others), By Material Type (Plastic, Metal, and Others), By End-User (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, Consumer Goods, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/caps-and-closure-market

Some major players of the global caps and closures market include Bericap, Guala Closures, RPC, Rexam, Silgan Holdings, Berry Plastics, Crown Holdings, AptarGroup, Pact Group, Reynolds Group, Zip-Pak, and Amcor Limited.

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This report segments the global caps and closures market into:

Global Caps and Closures Market: Product Type Analysis

  • Dispensing Caps
  • Plastic Screw Closures
  • Metal Crown Closures
  • Metal Screw Closures
  • Corks
  • Pumps and Sprays
  • Rubber Stoppers
  • Others

Global Caps and Closures Market: Material Type Analysis

  • Plastic
    • Polyethylene
    • Polypropylene
    • Polyethylene Terephthalate
    • Polyvinyl Chloride
    • Others
  • Metal
    • Aluminum
    • Tinplate
    • Steel
  • Others
    • Glass
    • Wood
    • Rubber and Elastomers
    • Paperboard

Global Caps and Closures Market: End-User Analysis

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Consumer Goods
  • Others

Global Caps and Closures Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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