Caps & Closures Market to Grow in the Coming Years, New Research explores Factors Responsible

Big Market Research added a report on “Caps & Closures Market By Product Type (Easy-Open Can Ends, Metal Lug Closures, Peel-Off Foils, Plastic Screw Closures, Metal Crowns, Metal Screw Closures, Corks, Plastic Screw Closures, And Others), By Application (Beer, Wine, Bottled Water, Carbonated Soft Drinks, And Others) - Global Opportunity Analysis And Industry Forecast, 2014-2022”

In 2015, the global caps & closures market size accounted for $39,200 million, and is estimated to grow at a CAGR of 5.3% to reach $59,057 million by 2022. Caps and closures for food and beverages market hold a substantial scope for growth globally. The market, is in its growth stage; however, its contribution to the global market would increase significantly within the next six years. Unstable price of raw material is a major limitation of the caps and closures market for food & beverages. However, due to increase in the consumption of packaged foods & beverages, this market is expected to rise in the subsequent year. Moreover, ready to eat food & beverages gain popularity in the present days and are expected have huge demand potential in coming future. The market of caps and closures for foods & beverages is expected to register an appreciable growth in the Asia-Pacific region and in emerging nation such as India and China.

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The significant factor that drives the growth in demand for packaging industry, eco-friendly caps and closures, increase in demand for plastic caps and closures are the factors, which create opportunity for the market growth. However, unstable price of raw materials is a factor that poses limitation in the market. Moreover, each factor has a distinct impact on the caps and closures market analysis for the forecast period.

Caps and closures in food & beverage market is segmented on the basis of product type namely food caps and closures and beverages caps and closures. On the basis of application is segmented into alcoholic beverages and non-alcoholic beverages.

Based on geography, the global caps and closures in food & beverage market is segmented as North America (U.S., Mexico, and Canada), Europe (U.K., Russia, Germany, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Taiwan, and Rest of Asia Pacific), and LAMEA (Latin America, Middle East, and Africa).

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KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current and emerging market trends and dynamics in the global caps and closures market.
Geographically, the market is analyzed based on North America, Europe, Asia-Pacific, and LAMEA. Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these geographies.
Comprehensive analysis of factors that drive and restrict the growth of the caps and closures market is provided. For instance, caps and closures industry, pharmaceutical, cosmetic, and FMCG; however, the unstable price of raw material is expected to majorly restrain the market.
An in-depth analysis of current research and extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
Developments within the market are provided with key market dynamic factors that help understand the behavior of the market.

KEY MARKET SEGMENTATION
BY PRODUCT TYPE
• Food Caps and Closures
• Beverages Caps and Closures
BY APPLICATION
• Alcoholic Beverages
• Beer
• Wine
• Others
• Non-Alcoholic Beverages
• Bottled Water
• Carbonated Soft Drinks
BY GEOGRAPHY
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Russia
o Czech Republic
o Poland
• Asia-Pacific
o China
o Australia
o India
o Indonesia
Key Players
• RPC Group Plc (UK)
• Reynolds Group Holdings Limited (New Zealand)
• Crown Holdings Inc. (U.S.)
• Amcor Limited (Australia)
• Rexam PLC (UK)
• Berry Plastics Corporation (U.S.)
• Silgan Holdings Inc. (U.S.)
• AptarGroup Inc. (U.S.)

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