A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Caps and Closures Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. Caps and Closures market research report has been generated with the systematic gathering and evaluation of market information for Caps and Closures industry which is presented in a form that explains various facts and figures to the business. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche market. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate this advanced and all-inclusive Caps and Closures market research 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.
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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
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 - 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 - 2014) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| 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) |
| 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) |
| 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) |
| Market Opportunities |
|
Caps and Closures Market Dynamics
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.
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Caps and Closures market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Caps and Closures Market
Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively
- This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behavior that can help the organization better curate market strategies
- Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
- The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The Caps and Closures report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Regional Analysis/Insights: Caps and Closures Market
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.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Caps and Closures Market: Regulations
- Market Overview
- Global Caps and Closures Market, By Variety
- Global Caps and Closures Market, By Packaging Size
- Global Caps and Closures Market, By Application
- Global Caps and Closures Market, By Distribution Channel
- Global Caps and Closures Market, By Region
- Global Caps and Closures Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-caps-and-closures-market
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