Press release
Caps and Closures Market Scenario & Global Industry Outlook 2020-2025 | Closure Systems, Silgan Holdings, Reynolds Group Holdings, Crown Holdings, Berry Plastics Corporation, Berlin Packaging, Guala Closures Group, Manaksia Ltd., Alpha Holdings GmbH
The market is further projected to reach nearly 62 billion by the end of 2025, growing at a CAGR of more than 5%.Increasing caps & closures application in-home care products and cosmetics industries are further expected to augment global market growth. Increasing demand in the pharmaceutical industry will drive global market growth further. Growing demand for childcare items will have a positive impact on the world market. Due to the superior properties and low cost, caps & closures are expected to rise faster than metal caps over the forecast period.
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Concerns about biodegradability and plastic carcinogenicity are expected to impede the growth of the market during the projected period. Strict agency policies are expected to generate more business growth challenges. Caps and locks are the final packaging elements and the quality of food packaging is retained. This industry is, however, largely dependent on the raw material suppliers for production which is likely to hinder its growth potential.
Polyethylene (PE) and polypropylene (PP), that are used as raw materials, have considerably fluctuating prices in the market. because the cost of production is dependent on this raw material, manufacturers find it difficult to maintain constant output.
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On the basis of type, the market is segmented into plastic, metal, and others. Plastic caps and closure is projected to dominate the global caps and closure market. On the basis of application, the market is segmented into Food & Beverage, Pharmaceutical, Cosmetics, Automotive, Others. The food and beverage sector dominated the category of end-user goods in 2018. Due to a growing variety of food & drink companies in both developed and developing world, it is expected to continue to dominate over the forecast period.
Key players involved in this industry include Global Closure Systems, Silgan Holdings, Reynolds Group Holdings, Crown Holdings, Berry Plastics Corporation, Berlin Packaging, Guala Closures Group, Manaksia Ltd., Alpha Holdings GmbH
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Key Segments Across Caps and Closures Market
Type Overview, 2018-2025, (USD Billion)
Plastic
Metal
Others
Applications Overview, 2018-2025, (USD Billion)
Food & Beverage
Pharmaceutical
Cosmetics
Automotive
Other
Regional Overview, 2018-2025, (USD Billion)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Central & South America
Brazil
Argentina
Rest of Central & South America
Middle East & Africa
Saudi Arabia
Rest of Middle East & Africa
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Information:
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TX75204, U.S.A.
Phone No.: USA: +1 972-362 -8199/ +91 9665341414
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