Growth in demand from food & packaging industry impelling the growth of Caps and Closures Market

Caps and closures are mainly used in the packaging industry to preserve products to extend their shelf life. Caps and closures industry uses different type of materials to construct suitable product packaging, such as plastics, metals, rubber, and paperboard among others.

Caps and Closures Market was valued at $39,200 million in 2015, and is expected to reach $56,057 million by 2022, supported by a CAGR of 5.3%.The primary function of caps and closures is to keep the container closed and the contents contained for the specified shelf life.

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Packaging industry mainly drives the caps and closures market. The main function of packaging is to provide food & beverages with extended shelf-life and the products that preserve flavor, texture, & test for long time. Caps and closures help in the process of extending shelf-life of products and marketing of the brand.

KEY BENEFITS FOR STAKEHOLDERS
• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global caps and closures market.
• Geographically, the market is analyzed based on North America, Europe, Asia-Pacific, and LAMEA. Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these geographies.
• Comprehensive analysis of factors that drive and restrict the growth of the caps and closures market is provided. For instance, caps and closures industry, pharmaceutical, cosmetic, and FMCG; however, the unstable price of raw material is expected to majorly restrain the market.
• An in-depth analysis of current research and extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
• Developments within the market are provided with key market dynamic factors that help understand the behavior of the market.

Market by Application:
• Alcoholic Beverages
o Beer
o Wine
o Others
• Non-Alcoholic Beverages
o Bottled Water
o Carbonated Soft Drinks
o Others

Market by Product Type:
• Food Caps and Closures
o Easy-Open Can Ends
o Metal Lug Closures
o Peel-Off Foils
o Plastic Screw Closures
o Others
• Beverages Caps and Closures
o Metal Crowns
o Metal Screw Closures
o Corks
o Plastic Screw Closures
o Others

Factors such as growing demand for packaging industry, use of eco-friendly caps and closures, and increasing demand for plastic caps & closures provide significant opportunities for the market players. However, fluctuating prices of raw materials is has hampered the growth of the market.

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The key players profiled in the report are RPC Group Plc (UK), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (UK), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).

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