Caps and Closures Market

Caps and Closures Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
Caps and closures are plastic packaging on top of bottles, jars, tubes, cans, and so on. Caps
and closures are of different types such as screw top, crown cap, snap on, friction fit, tamper
evident, and dispersing. Caps and closures find a broad range of application in numerous
industries such as beverages, cosmetics, chemicals, and pharmaceuticals. The material used
to manufacture caps and closures must possess excellent balance of stiffness and toughness
along with good chemical resistance. Generally, caps and closures of lightweight and high
toughness are preferred in the market.
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Significant demand for product safety, rising demand from end-use industries, product
differentiation, and a large product scope are the major drivers for caps and closures market.
Rising implementation of stringent environmental regulations and availability of substitutes
in the market are projected to be the factors hindering market growth.
Metal as a raw material is mostly used in the pharmaceutical industry, for storage of liquor,
and for certain high temperature applications. Plastics caps and closures are used in everyday
items, such as food containers and cosmetics bottles, and for non-reacting chemicals storage.
Caps and Closures Market Outlook
Asia Pacific is the largest and estimated to be the fastest growing market due to increasing
demand in end-use industries such as alcoholic beverages, beer, food & soft beverages, and
pharmaceuticals due to their low production cost and ability to keep the beverages safe
North America and Europe are also expected to grow due to increasing rate of beer
consumption in the region, during the forecast period. Also, it is expected that the
consumption of liquor will increase in forecast period. Pharmaceutical industry in these
regions drives the demand for highly chemical resistance caps and closures for various uses
within the industry
High disposable incomes of the Middle East population drives consumerism. The
consumption of electronics and consumer goods are increasing rapidly, driving the market
growth of caps and closures. Decline in markets of Syria and Iran have been compensated by
high growth rate in the GCC countries
The Latin America market is witnessing robust growth in the caps and closures market,
which is mainly driven by the increase in per capita income of middle class population.
Significant reduction in cost, excellent performance, lightweight, and low operational costs
are some of the benefits offered by caps and closures, which fuel the market demand
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Caps and Closures Market report categorizes global market by raw material, and end use industry- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

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