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What are the Key factors Driving the Progress of Global UV Metallized Caps and Closures Market?

05-27-2020 06:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

What are the Key factors Driving the Progress of Global UV

The rising consumption of food and beverage is one of the main factors responsible for the mushrooming demand for ultraviolet (UV) metallized caps and closures throughout the world. The main factor propelling the consumption of food and beverage, especially in the developing nations, is the surging disposable income of the people in these countries.

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Caps and closures are widely used in various applications in the food and beverage industry. The other major factor boosting the demand for UV metallized caps and closures is the increasing requirement of these materials in the cosmetics industry.

Powered by the above-mentioned factors, the global UV metallized caps and closures market is predicted to advance at a CAGR of 4.2% during the forecast period (2018-2023). The value of the market is expected to increase from $297.0 million to $378.9 million from 2017 to 2023.

UV metallized caps and closures are mainly used in food and beverage and cosmetics, fragrance, and skin-care applications. Of these two, the usage of UV metallized caps and closures was found to be higher in cosmetics, skin-care, and fragrance applications in 2017.

Plastic closures and caps are widely used for packaging various cosmetics, fragrance, and skin-care products, such as moisturizers, perfume bottles, lipsticks, and make-up kits. The metallization of plastic caps and closures is usually done via the sputtering of physical vapor deposition (PVD).

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A UV-curable coating is applied on the surfaces of the plastic caps and closures for protecting the metallized layer and hiding the imperfections present on the surface. These imperfections are formed on the surface during the production processes of the plastic caps and closures.

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About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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