What are the contributing factors for Caps and Closures Market growth? Guala Closures Group (Italy), Amcor Limited Plc (Australia), RPC Group PLC (U.K.), Crown Holdings Incorporation (U.S.), Among Others

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.

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. Caps and closures find a broad range of application in numerous industries such as beverages, cosmetics, chemicals, and pharmaceuticals.

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 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
Aluminum
Stainless Steel
Others
On the basis of end-use industry;
Food
Beverage
Non-Alcoholic Beverages
Alcoholic Beverage
Healthcare
Cosmetic & Toiletries
Others End Uses

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Plastics caps and closures are used in everyday items, such as food containers and cosmetics bottles, and for non-reacting chemicals storage.

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

The Latin America market is witnessing robust growth in the caps and closures market, which is mainly driven by the increase in per capita income of middle class population. 

North America and Europe are also expected to grow due to increasing rate of beer consumption in the region, during the forecast period. 

Some of the 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 Incorporated (U.S.), and Berry Plastics Corporation (U.S.).

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