Aluminum Caps & Closures Market worth $7.6 billion by 2025 | Key players Guala Closure (Luxembourg), Alcopack (Germany), Herti JSC (Bulgaria), Torrent Closures (Spain), Cap & Seal Pvt Ltd (India).

According to recent market research the "Aluminum Caps & Closures Market by Product Type (Roll-on pilfer-proof caps, Easy open end lids, Non-refillable closures), End-Use Sector (Beverage, Pharmaceutical, Food, Home & personal care), and Region - Global Forecast to 2025" The global aluminum caps & closures market size is projected to grow from USD 6.2 billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 3.9% between 2020 and 2025. Aluminum caps & closures are used to seal contents within containers, safeguard the packaged product, and to extend the shelf life of the product. The aluminum caps & closures industry is witnessing high growth because of the increasing demand for convenience food by consumers and concerns about food product safety. Product differentiation and branding are also possible using aluminum caps & closures. The aluminum caps & closures market is segmented based on product type, end-use sector, and region. The growth of aluminum caps & closures has been witnessed due to the growth in the pharmaceutical, beverage, food, cosmetics & toiletries, liquid fertilizers, and oil industries; another factor is the growing trend of replacing conventional packing products such as cork and rubber closures with aluminum caps & closures.

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Roll-ons pilfer-proof (ROPP) caps are among the most widely used seals for various jars, tubes, and bottles. It is a cap with a thread on its internal surface that engages with the corresponding thread on the outside of the glass, plastic, or metal container. It provides an effective seal, which can be easily opened and is re-closable.

It is very important to maintain the quality of pharmaceutical products during the manufacturing process. Pharmaceutical products can be contaminated through air particles, dust, and microorganisms. To avoid contamination, aluminum caps & closures are used to seal the medicines in the pharmaceutical industry. The packaging of healthcare products is of utmost importance to protect the contents from air, dust, and moisture. An increase in chronic ailments, an increase in the aging population, and a rise in disposable income in developing nations drive the demand for healthcare products, thereby driving the demand for aluminum caps & closures.

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APAC is projected to be the fastest-growing market for aluminum caps & closures during the forecast period. Convenience food demanded by consumers, concerns about product safety & security, demand for smaller pack sizes, and the need to avoid the contamination of the packaged food are some of the major reasons that could drive the aluminum caps & closures market in the region. However, innovation in the industry, substitute products, and stringent environmental regulations are some of the major restraining and challenging factors in this market.

Major players operating in the global aluminum caps & closures market includeCrown Holdings, Inc. (US), Silgan Holdings. (US), Amcor (Australia), Guala Closure (Luxembourg), Alcopack (Germany), Herti JSC (Bulgaria), Torrent Closures (Spain), Cap & Seal Pvt Ltd (India), and Federfin Tech S.R.L (Italy) are the leading players in the aluminum caps & closures market. Other players include Osias Berk (US), ITC Packaging (US), DYZDN Metal Packaging (China), ShangyuSanyou Electro-Chemical Aluminium Products (China), Alameda Packaging (US), EMA Pharmaceuticals (France), Alupac-India (India), Alutop (India), Helicap Closures (China), and Manaksia Limited (India).

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Crown Holdings held the leading position in the global aluminum caps & closures market. The company has maintained its leadership position through its strong distribution network across Western Europe, the US, and other developing countries. The company has an extensive global reach, strong market position, and stable revenue generation. It aims to consolidate its position in the global aluminum caps & closures market through several strategic acquisitions and investments.
• In February 2018, Crown Food Europe, a subsidiary of Crown Holdings, introduced a new capping solutions package, which will help food manufacturers to lower the total cost of ownership. The package included the sale of its capping technology, ancillary components, and expert technical support for the machine's service life. Three of Crown's capping solutions-Smart Capper, Euro Capper, and Global Capper-were made available for sale as a part of this package.

Amcor is the second-largest player in the aluminum caps & closures market. The company has its presence in North America, Europe, Asia Pacific, and in emerging markets. It is one of the leading companies engaged in the manufacturing and distribution of both plastic and aluminum caps & closures. The company focuses on increasing its profitability by strengthening customer relations and expanding its presence by adopting both inorganic and organic strategies, such as agreements and contracts in emerging markets while optimizing operational performance.
• In June 2019, Amcor acquired Bemis Company Inc. The combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis has brought additional scale, capabilities, and footprint that has strengthened Amcor's industry-leading value proposition and generate significant value for shareholders.

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