Metal Caps And Closures Market Size, Status and Growth Outlook 2020 to 2025 | Crown Holdings Inc., O.Berk Company, Reynolds Packaging Group Ltd, Pelliconi & C.

Metal Caps And Closures - A Market Overview and Forecast 2020 - 2025, This report presents a profound evaluation of basic elements of Metal Caps And Closures industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The metal caps and closures market was valued at USD 1.03 billion in 2019, and it is expected to reach a value of USD 1.12 billion by 2025 at a CAGR of 1.77% over the forecast period, 2020-2025.

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The Metal Caps And Closures Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are Crown Holdings Inc., O.Berk Company, Reynolds Packaging Group Ltd, Pelliconi & C. SpA, Nippon Closures Co. Ltd, Silgan White Cap, Sks Bottle & Packaging Inc., Keystone MCF, Berlin Packaging (Qorpak), Tecnocap Group, The Cary Company

- Moreover, the growth in international trade of food & beverage can prominently attribute to the rising demand for effective packaging solutions, such as metal caps and closures. These solutions ensure the longer shelf life of food and beverage products.
- Further, the growing use of child-resistant and tamper-evident metal caps and closures has gained huge popularity in the market which has encouraged the manufacturers to produce superior quality metal caps and closures.
- However, the presence of other closure systems made of plastics, wood, etc. are expected to act as a restraint and challenge the growth of the metal closures market over the forecast period.

Scope of the Report

The metal closures and caps deliver eye-catching appeal and easy-open convenience coupled with extending shelf life of the product. These product safety features and convenient properties of the metal closures are expected to have a positive impact on the market. Further, the beverage industry is the largest end-use segment and accounts for more than 50% of the overall market. North America has the largest market which is favored by increasing demand for bottled water and beverage segments.

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Competitive Insights

April 2019 - Tap and Thinfilm develop smart closures tackled counterfeiting in the wine and spirits industry. The OpenSense solution used detects when a closure seal was broken and alerts the consumer that the container or bottle may have been tampered with.

Wine Industry Offers Potential Growth

- Wine consumption among consumers is driven by the health and wellness trend. Todays consumers are aware of the origin and production methods of wine, thus increasingly favoring organic wines as a symbol of higher quality. Thus the packaging of organic wines requires metal caps because these metal caps with plastic interiors provide a very tight seal over the whole mouth and neck of the bottle keeping the freshness intact.
- Further, increasing demand for wine among the millennials and for them, it is very easy to cap a wine bottle with a screw metal cap because it can achieve a tight seal that keeps out oxygen for a long time. Removing and reclosing a metal screw cap is also easy.
- According to United Nations of Fine Wines, Veganism, one of the fastest-growing wine trends and is also expected to be reflected in wine production, leading to more vegan-friendly wines which will require the metal cap closure because it is least reactive in nature and this will keep the flavor and aroma of wine sealed.
- Therefore, the above factors are expected to boost the wine industry which in return will help in booming the metal caps and closures market.

Furthermore, this study will help to solve the following issues:

Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

Customization of the Report:

The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

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This release was published on openPR.