Our latest research report entitled Caps and Closure Market (by raw-materials (plastic, metal), type (plastic caps & closures, metal caps & closures, caps & closures), end-use industry (beverage industry, food industry, healthcare industry, cosmetics & toiletries, chemical & automotive industry)) provides complete and deep insights into the market dynamics and growth of Caps and Closure. Latest information on market risks, industry chain structure Caps and Closure cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Caps and Closure growth factors.
The forecast Caps and Closure Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Caps and Closure on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global caps and closure market is projected to grow with a CAGR of 4.9% from 2017 to 2023. In terms of volume the caps and closure market is likely to surpass 3.34 trillion units by 2023, with volume CAGR slightly more than 4.4% between 2017 and 2023. The global caps and closure market was worth USD 49.78 billion in 2015.
The report identified that the global caps and closure market is driven by factors such as, increasing demand in Asia-Pacific region, growth in applications such as food & beverages and pharmaceuticals. Moreover, growth in plastic and glass containers/bottles is likely to boost the market size of caps and closures over the next few years. On the other hand, the restraining factors identified in the study include demand for lightweight & cost-effective packaging.
Rising demand for plastic caps and closures and increasing use of PET-Disposable bottles provide opportunity for major players in the emerging and developing economies. Flexible packaging such as pouches for sealing containers and usage of PVC, paper, aluminium and polypropylene as a substitute is a challenge for the major players to expand further during the forecast period.
The report segments the global caps and closure market on the basis of raw-materials, type, end-use industry and region. The market size of each segment has been provided in terms of value (USD) and volume (tons). The market segments, by raw-material include plastic, metal & others. The market segments by type include plastic caps & closures, metal caps & closures, caps & closures and other. The market segments by end-use industry include beverage industry, food industry, healthcare industry, cosmetics & toiletries and chemical & automotive industry.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023.
Asia Pacific is the key consumer of caps and closures in the global market. As of 2015, this region accounted for about 31% share in the global market. Europe accounted for 24% of the global share followed by North America at 20%. The rising demand for canned food and beverages is the primary factor driving the Asia Pacific caps and closures market. The rising demand for plastic packaging in regions of Europe and North America is fuelling demand for plastic screw caps which in turn is boosting opportunities for caps and closures market. India and China are emerging to be the economies across the APAC region, which are expected to grow with a rate of 7.9% during the forecast period.
Major Key Players Mentioned in this Premium Report
The companies covered in the report include Pact Group Holdings Ltd, Aptar Group Inc., Reynolds Group Holdings Ltd, Closure Systems International (CSI), Silgan Holdings Inc., Crown Holdings, Inc., Berry Plastics Corporation, BERICAP GmbH und Co KG, Alpla Holdings Gmbh, Amcor Ltd., Essel Propack Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of caps and closures globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of caps & closures.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global caps and closure market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the global caps and closure market to understand the present and future trends in this market and formulate their strategies accordingly.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/consumer-goods-packaging/global-caps-closure-market