Data Bridge Market research has recently released expansive research titled "Global Caps and Closures Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Caps and Closures market research report is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. In addition, businesses can gain insights into profit growth and sustainability programme with this report. Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for producing Caps and Closures market report.
Data Bridge Market Research analyses that the caps and closures market was valued at USD 72.55 billion in 2021 and is expected to reach USD 112.18 billion by 2029, registering a CAGR of 5.60% during the forecast period of 2022 to 2029. The plastic segment by material is anticipated to hold the largest market share. The market for plastic caps and closures is being driven by a growth in demand for bottled water, a desire for convenience, concerns about product safety and security, product distinctiveness and branding, and shrinking package sizes. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:-
Market Definition
The fundamental aim of caps and closures is to keep the container sealed and the contents safe for the specified shelf life. It also acts as a barrier against dirt, moisture, and oxygen and prevents objects from being opened too quickly. Caps and closures are commonly used in the packaging business to safeguard goods and extend their shelf life. Caps and closures are made of a variety of materials such as plastic, metal, rubber, and wood to ensure correct packaging.
Report Scope and Market Segmentation
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REPORT METRIC |
DETAILS |
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Forecast Period |
2022 - 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Material (Plastic, Metal, Glass, Others), Type (Screw Caps, Dispensing Caps, Others), Application (Food and Beverage, Pharmaceutical, Others), Technology (Injection Molding, Compression Molding, Post-Mold Tamper-Evident Band) |
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Countries Covered |
U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA) |
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Market Players Covered |
Berry Global Inc. (US), Silgan Holdings Inc. (US), Crown (US), Amcor Plc (Australia), AptarGroup, Inc. (US), Guala Closures S.p.A (Italy), Closure Systems International (US), Ball Corporation (US), BERICAP (Germany), Nippon Closures Co., Ltd. (Japan), Reynolds Group Ltd (US), Sonoco Products Company (US), Pact Group (Australia), Innovative Polymers Pvt. Ltd. (India), PLENCO CLOSURES PVT. LTD. (India) |
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Market Opportunities |
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising awareness about benefits of healthy eating
Surging awareness of the benefits of healthy eating is expected to stimulate demand for dietary supplements, which will drive demand for packaging products even higher. In a 2020 consumer survey on dietary supplements, the Council for Responsible Nutrition (CRN) found that 98 percent of respondents used vitamins and minerals, followed by 44 percent who used herbals and botanicals, 30 percent who used sports nutrition, and 19 percent who used weight management supplements. All of these reasons are projected to help the market expand.
- Emerging demand of plastic caps and closures
Growing demand for plastic caps and closures is estimated to drive the caps and closures market growth. The need for plastic caps and closures is booming rapidly. Plastic caps and closures have a number of advantages over caps and closures made of metal, rubber, and other materials. Plastic is more cost-effective, adaptable, durable, light, and corrosion-resistant. Furthermore, because of its lesser weight, it has a lower transportation cost.
Furthermore, rising urbanization and increasing level of disposable income will drive market value growth. Also, rising concerns about product quality and safety and upsurge in the demand for packaged food and pharmaceutical drugs will cushion the growth rate of caps and closures market. Opportunities
- Increasing number of application in end-use industries
The rise in number of application in end-use industries will create new market opportunities during the forecast period. Caps and closures is widely utilized in pharmaceuticals, cosmetics, and healthcare is expected to fuel global market expansion.
Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate. Along with this, the constant developments in technologies and emerging demand for bottled water across the globe will provide new market opportunities in coming years.
Restraints/ Challenges
On the other hand, the market is projected to be hampered by fluctuating prices of raw materials and the availability of substitutes. The impact of COVID-19 on supply chain and rising implementation of stringent environmental regulations will hinder the market's growth rate. Complications linked with the recycling of caps and closures and matured markets in developed countries will act as market restraint and further challenge the market growth rate.
This caps and closures market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the caps and closures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In June 2020, Berry Global Group had announced the acquisition of RPC Group. This acquisition aided in the formation of one of the world's largest plastic packaging firms and a prominent global supplier of value-added protective solutions. Furthermore, the organization has expanded its global footprint, which now includes over 290 locations in North and South America, Europe, Asia, Africa, and Australia.
Key Market Players mentioned in this report:
- Berry Global Inc. (US)
- Silgan Holdings Inc. (US)
- Crown (US)
- Amcor Plc (Australia)
- AptarGroup, Inc. (US)
- Guala Closures S.p.A (Italy)
- Closure Systems International (US)
- Ball Corporation (US)
- BERICAP (Germany)
- Nippon Closures Co., Ltd. (Japan)
- Reynolds Group Ltd (US)
- Sonoco Products Company (US)
- Pact Group (Australia)
- Innovative Polymers Pvt. Ltd. (India)
- PLENCO CLOSURES PVT. LTD. (India)
An influential Caps and Closures market document makes organization armed with data and information generated by sound research methods. This market analysis helps to get up to date about various segments that are relied upon to observe the rapid business development amid the estimate forecast frame. The market research report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. Global Caps and Closures business report plays very essential role when it is about achieving an incredible growth in the business.
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Opportunities :
The market is also predicted to grow faster as a result of increased end-user awareness of novel goods and rising demand for MI operations. Moreover, one important element supporting the growth of the Caps and Closures market throughout the predicted period is the expanding technological developments in surgical equipment.
Segmentation:- Caps and Closures Market
The caps and closures market is segmented on the basis of material, type, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Plastic
- Polypropylene
- Polyethylene
- Polyvinyl Chloride (PVC)
- Others
- Metal
- Aluminum
- Stainless Steel
- Glass
- Others
Type
- Screw Caps
- Dispensing Caps
- Others
Application
- Food and Beverage
- Non-Alcoholic Beverages
- Alcoholic Beverage
- Pharmaceutical
- Others
Technology
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
Caps and Closures Market, By Region:
The caps and closures market is analysed and market size insights and trends are provided by country, material, type, technology and application as referenced above.
The countries covered in the caps and closures market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the caps and closures market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the surging demand in end-use industries such as beer, food and soft beverages, alcoholic beverages, and pharmaceuticals due to the less production cost and ability to keep the beverages safe.
North America and Europe, on the other hand, are projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the growing rate of beer consumption and surging level of disposable income in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Reasons to Consider This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Caps and Closures market.
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Caps and Closures Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Caps and Closures Market
Introduction
Market Segmentation
Executive Summary
Premium Insight
Market Overview
Covid-19 Impact on Caps and Closures in Healthcare Industry
Global Caps and Closures Market, by Product Type
Global Caps and Closures Market, by Modality
Global Caps and Closures Market, by Type
Global Caps and Closures Market, by Mode
Global Caps and Closures Market, by End User
Global Caps and Closures Market, by Geography
Global Caps and Closures Market, Company Landscape
Swot Analysis
Company Profiles
Questionnaire
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