Caps and Closures Market: The global market is expected to grow at a CAGR of 5.9% during the forecasted period.

As per the study initiated by Evolve Business Intelligence, the global Caps and Closures market size accounted for USD 65.30 billion in 2022, growing at a CAGR of 5.9% from 2023 to 2033. The Caps and Closures market is witnessing steady growth as it plays a crucial role in ensuring product safety, convenience, and freshness across various industries such as food and beverages, pharmaceuticals, and personal care. The market is driven by factors such as the increasing demand for packaged products, advancements in packaging technology, and a focus on sustainability and tamper-evident features. Caps and closures offer functionality, branding opportunities, and protection to packaged goods, making them an essential component of packaging solutions.
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Key Highlights:
• The global Caps and Closures Market size was valued at USD 65.30 billion in 2022 growing at a CAGR of 5.9% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Caps and Closures Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Caps and Closures market report also includes the following data points:
• COVID19 Impact on Caps and Closures market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Caps and Closures market
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Key Players
Some of the major Caps and Closures players holding high market share include Closure Systems International, Inc., Silgan Closures GmbH, Crown Holdings and Pact Group Holdings. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
o Closure Systems International, Inc.
o Silgan Closures GmbH
o Crown Holdings
o Pact Group Holdings
o Berry Plastics Corporation
o Alpha Packaging
o Amcor plc
o Guala Closures S.p.A.
o Berlin Packaging
o AptarGroup, Inc
o SIG Combibloc Group Ltd.
o SABIC
o Others
Segmental Analysis
Market Segment By Material with focus on market share, consumption trend, and growth rate of Caps and Closures Market:
• Plastic
• Metal
• Others
Market Segment By Application with focus on market share, consumption trend, and growth rate of Caps and Closures Market:
• Food & Beverages
• Pharmaceutical
• Consumer Goods
• Cosmetics & Personal Care Products
• Others
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Global Caps and Closures Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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