Global Closure and Caps Market by Top Leading Manufacturers -Aptar Group, BERICAP, Berry Plastics, Silgan (Cobra Plastics)

This recently published report examines the Global Closure and Caps Market for the projected period of 7-years, i.e. between 2021 and 2027. The report offers the thorough information about the overview and the scope of the global Closure and Caps market along with its drivers, restraints, and trends. It also classifies the market into different segments such as by type, by applications and by-product. In short, this report comprises of all the necessary details of the global Closure and Caps markets such as value/volume data, marketing strategies, and expert views. The comprehensive information about distribution channels such as suppliers, dealers, wholesalers, manufacturers, distributors, and consumers have also given in this report.

The global Closure and Caps Market is expected to grow at a CAGR of 5.6% during forecast period (2021-2027).

Covid-19 Impact and Recovery Analysis:

The global Closure and Caps market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

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Top Key Players in the Global Global Closure and Caps Market: Aptar Group, BERICAP, Berry Plastics, Silgan (Cobra Plastics), Dubuque Plastics, eStyle Caps & Closures, TriMas Corporation (Rieke Packaging Systems), Rackow Polymers

Industry News:

Top of Form

Bottom of Form

Nestlé introduces QR cap closure in Vietnam

The aim is to appeal in particular to Gen Z consumers and to strengthen brand loyalty via a differentiated reward program that runs until September 2021.Since May, the closure caps of the Nestlé Milo Teen Protein drinks, in SIG's combismile carton packs, have included unique QR codes that can be easily scanned and serve as reward points to be redeemed online via the Vietnamese messaging application Zalo, which is in the top 3 of Gen Z’s most-used apps.

This report elaborates the market size, market characteristics, and market growth of the Closure and Caps industry, and breaks down according to the type, application, and consumption area of Closure and Caps. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

Segmentation By Type:

Metal

Plastic

Others

The plastic segment held the highest market share of over 54% in 2020, in terms of revenue, and is estimated to expand further at the fastest CAGR over the forecast period. Plastic material poses environmental concerns due to lower degradability as well as CO2 emissions taking place during its production. The trend of recycling is therefore emerging in the manufacturing of caps & closures with numerous companies making use of recycled content as raw material to minimize dependence on virgin plastic. For instance, Menshen and Borealis AG launched ten packaging closures in September 2020, that are manufactured using 50% PCR polypropylene.  These are intended to be used for laundry and home care products.

Segmentation By Application:

Beauty and Personal Care

Food and Beverage

Pharma

Others

The food segment held the highest revenue share of over 26% in 2020 and will retain the leading position throughout the forecast period. Rising consumption of packaged food products, Ready-To-Eat (RTE) meals, and on-the-go snacks is anticipated to drive the segment growth over the forecast period. The growing consumption of non-alcoholic beverages is also likely to support segment growth. The emergence of functional beverages including energy & sports drinks, probiotic beverages, meal replacers, and fruits & vegetable-based beverages that can be packaged in glass & plastic bottles or metal cans is further likely to spur the segment growth.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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- Key competitors – A list of key competitors to the company.
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- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.

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