Caps & Closures Market worth 68.71 Billion USD by 2021 : RPC Group, Crown Holdings, Amcor, Rexam, Berry Plastics, Silgan Holdings, AptarGroup and Guala Closures are Major PlayersThe report "Caps & Closures Market by Type (Plastic Caps & Closures (Screw Caps, Dispensing Caps, Others), Metal Caps & Closures (Screw & Lug, Can Ends, Crown Caps, Others), Other Caps & Closures (Corks, Others)), Raw Material, End-Use Industry - Global Forecast to 2021", The caps & closures market size is estimated to grow from USD 49.78 Billion in 2015 to USD 68.71 Billion by 2021, at a CAGR of 5.62%. Factors such as increasing demand in Asia-Pacific, growing demand from the end-use industries such as food, beverage, and healthcare, and rising concerns toward product quality and safety are some of the drivers for the growth of the caps & closures market.
Browse 198 market data Tables and 51 Figures spread through 199 Pages and in-depth TOC on "Caps & Closures Market - Global Forecast to 2021"
Request Sample Brochure @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1314
End-use industries such as beverage and healthcare to gain maximum traction during the forecast period
The beverages segment dominated the market in 2015 and is projected to be the second-fastest-growing end-user industry in the next five years, as a result of the rising consumer demand for beverage products such as bottled water and beer as well as growing demand for quality and safe products. Furthermore, the healthcare segment is projected to be the fastest-growing end-use industry due to the rising consumption of pharmaceutical and medical products.
Plastics as a raw material to play a key role in the caps & closures market
The report defines and segments the caps & closures market on the basis of raw material into plastics, metal, and others. The plastics segment is projected to contribute the largest market share as it is light in weight and cost effective, whereas metal will have the next largest market share from 2016 to 2021. The plastics segment is further divided into its subsegments such as polypropylene, polyethylene, polyethylene terephthalate, polyvinyl chloride, and others. Out of these, polypropylene is projected to be the fastest-growing subsegment as it does not crack under stress and has good resistance to almost all types of chemicals, including strong acids, alkalis, and most organic materials.
Asia-Pacific region to be the largest market for caps & closures during the forecast period.
The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As caps & closures are used widely by different industries, such as food, beverages, and healthcare, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This is followed by North America, which is the next largest market for caps & closures followed by Europe and Rest of the World.
Speak with our Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1314
The global market for caps and closures is dominated by players such as RPC Group PLC (U.K.), Crown Holdings Incorporation (U.S.), Amcor Limited Plc (Australia), Rexam PLC (U.K.), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Incorporated (U.S.), and Guala Closures Group (Italy).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Caps & Closures Market worth 68.71 Billion USD by 2021 : RPC Group, Crown Holdings, Amcor, Rexam, Berry Plastics, Silgan Holdings, AptarGroup and Guala Closures are Major Players here
News-ID: 1661563 • Views: 429
More Releases from MarketsandMarkets.com
Growing at a CAGR of 80.0% Translucent Concrete Market to reach $16,534 Thousand …
The report "Translucent Concrete Market by Raw Material Type (Concrete, Optical Elements), Application (Facade & Wall Cladding, Flooring), End-use Industry (Construction & Infrastructure), and Region (NA, EU, APAC, MEA, LA) - Global Forecast to 2024", is expected to grow from USD 875 thousand in 2019 to USD 16,534 thousand by 2024, at a CAGR of 80.0% during the forecast period. The translucent concrete industry is growing due to rising construction
Aluminum Composite Panels Market to Reach $12.17 Billion by 2027 | Yaret Industr …
The aluminum composite panels market size is estimated to grow from USD 6.67 billion in 2018 to USD 12.17 billion by 2027, at a CAGR of 6.92%. The major players in the aluminum composite panels market in Asia Pacific include Yaret Industrial Group (China), Alumax Industrial (Taiwan), Shanghai Huayuan New Composite Materials (China), Changshu Kaidi Decoration Material (China), Guangzhou Xinghe ACP (China), Jyi Shyang Industrial (Taiwan), Mitsubishi Chemical (Japan), and
Seed Treatment Market Size, Share, Growth, Trends, and Forecast - 2022
The report "Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection (Insecticides, Fungicides) and Seed Enhancement), Crop Type (Cereals & Grains, Oilseeds & Pulses), and Region - Global Forecast to 2022", The seed treatment market is projected to grow at a CAGR of 10.82% from an estimated value of USD 6.76 Billion in 2017 to reach USD 11.31 Billion by 2022 Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=503 Seed treatment as
Agricultural Microbials Market Analysis, Size, Share, Growth, Trends, and Foreca …
The report "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, and Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseed & Pulses, and Fruits & Vegetables), Mode of Application, Formulation, and Region - Global Forecast to 2022", Biological and organic farming are emerging into the agri-food mainstream. As the preference for nutrient-dense and FDA-certified crops remains high in retail stores, farmers focus on utilizing effective crop
More Releases for Caps
Scalp Cooling Caps Market 2018: Future Trends, Key Players: Paxman, Penguin Col …
Scalp Cooling Caps Market Summary The Scalp Cooling Caps Market Report provides a comprehensive overview including Current scenario and the future growth prospects. The Scalp Cooling Caps market report analyzes the various factors and trends in forthcoming years and key factors behind the growth and demand of this market is analyzed detailed in this report. It studies the industry potential for every geographic perimeter on the parameters of growth rate, various macroeconomic parameters, consumer buying patterns
Scalp Cooling Caps Market Analysis By Global Top Players - Paxman, Penguin Cold …
Worldwide Market Reports recently released “Global Scalp Cooling Caps Market Research Report 2017” that centers around the latest developing trends and technologies in the Scalp Cooling Caps Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives
Sprinkle Caps Market Industry KnowHow By 2024
Caps and Closures market forms a very important part of rigid packaging industry and is gaining traction due to the increasing demand from the overall packaging industry. Packaging products including caps and closures extends the shelf life of the product and helps in restoring and retaining the flavor of the food items for a longer time. These type of packaging not only make product look attractive that drives sales for
Dosing Caps Market Industry KnowHow By 2024
Global Packaging industry continues to grow at an impressive rate. As a result, caps & closure market is undergoing huge change with specialized focus on offering innovative capping tools/products to various industries. Caps & closures are primarily made to provide product safety, maintain product quality, extend product storage and for several other aspects. One of the most promising innovation that caps & closure market has witnessed in recent time is
Caps & Closures Market Outlook Report 2024
The five leading players in the U.S. caps and closures for non-carbonated beverages market held a share of around 55% in the market in 2016, based on value, states Transparency Market Research (TMR) in a research report. Some of the leading companies operating in the market Bericap GmbH and Co KG, AptarGroup, Inc., Closure Systems International, Inc., and Silgan Plastic Closure Solutions have gained their leads in the market
Caps & Closures Global Market Intelligence (2012-2022)
Boston, MA ReportsWorldwide has announced the addition of a new report title Caps & Closures Global Market Intelligence (2012-2022) to its growing collection of premium market research reports. The report “Caps & Closures Global Market Intelligence (2012-2022)” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report are to