Uptake of Flexible Packaging to Negatively Impact Sales of Caps and Closures, Reports TMR

Transparency Market
Research
Caps and Closures Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 – 2021
Published Date
09-09-2015
70 Page Report
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Uptake of Flexible Packaging to Negatively Impact Sales of Caps and
Closures, Reports TMR
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Caps and Closures Market
REPORT DESCRIPTION
With the top six players including Silgan Holdings Inc, Global Closure Systems, Bericap, Crown Holdings,
Inc., Berry Plastics, and Reynolds Group Holdings Ltd. barely accounting for 19.7% in 2014 the global caps
and closures market exhibits a highly fragmented vendor landscape. Competition prevailing in the market
is therefore considerably high and there are little chances of it declining in the next few years. According to
Transparency Market Research, (TMR), key players have been adopting competitive strategies to cater to
the dynamic consumer demand and establish a strong presence in the market. A majority of the
companies operating in the caps and closures market are considering mergers and acquisitions to expand
their footprint in emerging markets and expand their product portfolio. Besides this, product development
has also become a part of their business strategy for strengthening their market position.
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report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2275
According to TMR, the global caps and closures market was valued at US$36.23 bn in 2014. Rising at a
CAGR of 5.2%, the market is expected to reach US$51.57 bn by the end of 2021. By application, the
alcoholic beverages segment led the market in 2014, holding a share of 57.35% in terms of revenue.
Regionally Asia Pacific is expected to maintain its dominance in the market through the forecast period.
Demand from Packaging Industry to Emerge as Major Growth Driver
“The caps and closures market is significantly gaining from the increasing demand from the packaging
industry,” said a lead TMR analyst. Packaging extends the shelf life of food and beverages and helps retain
their texture and flavor for a longer time. “A paradigm shift in consumer preference from unpackaged to
packaged food items in countries such as India, China, and Brazil will augur well for the packaging
industry, thus fuelling the demand for caps and closures,” added the TMR analyst.
The market will also gain impetus from the rising demand for plastic caps and closures as their demand
has recently surged in the beverages industry. The increasing use of PET-based disposable bottles will
translate into lucrative sales opportunities for manufacturers of plastic caps and closures. Ensuring costeffectiveness and light weight are crucial aspects in the production of PET-based disposable bottles. The
use of plastic caps and closures in the industry is therefore expected to increase in the forthcoming years.
Demand for Lightweight and Cost-effective Packaging Could Dampen Market’s Growth
Despite witnessing favorable growth opportunities, competition from the flexible packaging industry will
dampen the market’s growth to an extent. Flexible packaging such as pouches is fast replacing containers
that require caps and closures in the food and beverages industry. This is expected to negatively affect the
sales of caps and closures. Moreover, flexible packaging is lighter in weight because it is made using
materials such as PVC, paper, aluminum, and polypropylene. This is helping flexible packaging emerge as
a potential substitute for caps and closures.
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Caps and Closures Market
Due to recent changes in the packaging industry, manufacturers are under pressure to lower the cost of
caps and closures. The trend of lightweight packaging is compelling them to produce cost-effective and
lightweight caps. Contrary to this, lightweight caps are more prone to cracking, sealing, and
contamination. This could negatively impact the market’s trajectory.
Nevertheless, a dynamic consumer demand has impelled manufacturers to invest in product innovation.
The emergence of novel technologies, designs, and new materials is expected to create growth
opportunities for the market.
This review is based on a report published by TMR, titled “Caps and Closures Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”
Key Takeaways:
•
Product development is the key strategy adopted by leading players to cater to a dynamic
consumer demand.
•
Spurred by demand from the packaging industry, global caps and closures market to expand at
5.2% CAGR from 2015-2021.
•
Holding over 57.35% of the market in terms of revenue, alcoholic beverages emerged as the
leading segment in 2014.
TABLE OF CONTENT
Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research methodology
Chapter 2 Executive Summary
2.1 Global Caps and Closures Market for Food and Beverages Industry Snapshot
2.2 Global Caps and Closures for Food and Beverages Market Revenue and Volume, 2014 – 2021
(USD billion) (Billion units) and Y-o-Y Growth, 2015 -2021 (%)
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Caps and Closures Market
2.2.1 Market size and forecast, 2014 – 2021
Chapter 3 Global Caps and Closures Market for Food and Beverages Industry Overview
3.1 Introduction
3.2 Key Trends Analysis
3.3 Market Drivers
3.4 Market Restraints
3.5 Market Opportunities
3.6 Competitive Landscape
3.6.1 Global Market Positioning of Key Players, 2014 (%)
3.6.2 Competitive Strategies Adopted by Leading Players
Chapter 4 Global Caps and Closures Market: Revenue and Volume by Product Type,
2014–2021(USD Billion and Billion units
4.1 Food Caps and Closures
4.1.1 Peel-off foil
4.1.2 Easy-open can ends
4.1.3 Metal lug closures
4.1.4 Plastic screw closures
4.1.5 Others
4.2 Beverage Caps and Closures
4.2.1 Plastic screw closures
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Caps and Closures Market
4.2.2 Metal crown closures
4.2.3 Metal screw closures
4.2.4 Corks
4.2.5 Others
Chapter 5 Global Caps and Closures Market: Revenue and Volume by Application,
2014–2021 (USD Billion and Billion units)
5.1 Alcoholic Beverages Caps and Closures
5.1.1 Beer
5.1.1.1 Beer Caps and Closures Market Size and Forecast, 2014–2021
5.1.2 Wine
5.1.2.1 Wine Caps and Closures Market Size and Forecast, 2014–2021
5.1.3 Others
5.1.3.1 Other Caps and Closures Market Size and Forecast, 2014–2021
5.2 Non-alcoholic Beverages Caps and Closures
5.2.1 Bottled water
5.2.1.1 Bottled Water Caps and Closures Market Size and Forecast, 2014–2021
5.2.2 Carbonated soft drinks
5.2.2.1 Carbonated Soft Drinks Caps and Closures Market Size and Forecast, 2014–2021
5.2.3 Others
5.2.3.1 Other Caps and Closures Market Size and Forecast, 2014–2021
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Caps and Closures Market
Chapter 6 Global Caps and Closures Market for Food and Beverages Industry: Revenue
and Volume by Geography, 2014–2021(USD Billion and Billion Units)
6.1 Overview
6.1.1 Revenue, 2014–2021 (USD Billion)
6.1.2 Y-o-Y Growth (Value %)
6.1.3 Market Share, 2014–2021 (Value and Volume %)
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.2.3 Others
6.3 Europe
6.3.1 Germany
6.3.2 France
6.3.3 Italy
6.3.4 Rest of Europe
6.4 Asia Pacific
6.4.1 China
6.4.2 India
6.4.3 Japan
6.4.4 Rest of Asia Pacific
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Caps and Closures Market
6.5 Middle East and Africa (MEA)
6.6 Latin America
Chapter 7 Company Profiles
7.1 Pact Group Holdings Ltd
7.2 Aptar Group Inc
7.3 Reynolds Group Holdings Ltd
7.4 Closure Systems International (CSI)
7.5 Silgan Holdings Inc.
7.6 Crown Holdings, Inc.
7.7 Berry Plastics Corporation
7.8 BERICAP GmbH und Co KG
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Caps and Closures Market
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According to TMR, the global caps and closures market was valued at US$36.23 bn in 2014. Rising at a CAGR of 5.2%, the market is expected to reach US$51.57 bn by the end of 2021. By application, the alcoholic beverages segment led the market in 2014, holding a share of 57.35% in terms of revenue. Regionally Asia Pacific is expected to maintain its dominance in the market through the forecast period. Download Free exclusive Sample of this report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2275

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