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Asia Pacific caps and closures Market Expected to Dominate the Market throughout the Forecast Period
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Caps and closures help in the process of extending shelf-life of products and marketing of the brand. Moreover, the increase in demand for packaging market drives the caps and closures market towards growth globally. In addition, pharmaceuticals market, cosmetics and fast moving consumer goods (FMCG) are the factors that contribute in the growth of the market. The global caps and closures market is also facing some challenges such as the regulatory framework for caps and closures which can restrain the market growth. On the other hand the growing usage of packaging layouts without closures and concepts like blister packaging will also act as restraint obstructing the growth of the global plastic caps and closures market.
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Manufacturers are highly on expanding their market share in the Asia Pacific region attributed to the growing demand for caps and closures by the food & beverages and healthcare industry. These caps and closures are used in order to ensure product quality and safety. Some of the major players operating in the caps and closures market include Amcor Limited, Global Closure Systems, Blackhawk Molding Company Incorporated, Siligan Holdings, Crown Holdings, Closure Systems International, BERICAP holdings, Berry Plastics, Premier Vinyl Solution and Rexam PLC among others.
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