Press release
Caps and Closures Market : Detailed Analysis of Segment, Major Companies, Strategies, Result, Sales, Growth and Forecast 2022
Caps & Closures Market Report, published by Allied Market Research, projects that the global market is expected to reach $56,057 million by 2022 from $39,200 million in 2015, registering a CAGR of 5.3% from 2016 to 2022. The bottled water and non-alcoholic beverage application segments are expected to grow at significant CAGRs of 5.9% and 5.6%, respectively, in terms of revenue.
Download Request Sample @: https://www.alliedmarketresearch.com/request-sample/1806
Caps & closures are used in various applications such as products and containers. They are mainly used in the packaging industry to preserve products to extend their shelf life. The caps and closures industry uses different type of materials to manufacture suitable product packaging such as plastics, metals, rubber, paperboard, and others.
Factors such as growing demand for packaging industry, use of eco-friendly caps and closures, and increasing demand for plastic caps & closures provide significant opportunities for the market players. However, fluctuating prices of raw materials is has hampered the growth of the market.
Top Market Players:
• RPC Group Plc (UK)
• Reynolds Group Holdings Limited (New Zealand)
• Crown Holdings Inc. (U.S.)
• Amcor Limited (Australia)
• Rexam PLC (UK)
• Berry Plastics Corporation (U.S.)
• Silgan Holdings Inc. (U.S.)
• AptarGroup Inc. (U.S.)
• Guala Closures Group (Italy)
• BERICAP GmbH Co. & KG (Germany).
Flat 20% Discount on All License Type @: https://www.alliedmarketresearch.com/checkout/800491 * Offer Valid Till 20th April 2019
Although plastic screw closures and peel-off foils are widely used for packaging beverages & foods due to their ease of use and protective properties, manufacturers are expected to switch towards other options as metal screw closures and easy-open cans due to decrease in their prices and weight coupled with the development of better recyclable procedures.
The global caps and closures market for food and beverages is projected to account for $56,057 million, registering a CAGR of 5.3% from 2016 to 2022. Increase in demand for packaging industry and upsurge in demand for plastic caps and closures have increased the adoption of caps and closures in the food & beverages industry. However, fluctuating prices of raw material hamper the market growth. Furthermore, the development of eco-friendly caps and closures is expected to offer lucrative growth opportunities to the market in the future.
Based on product type, the beverage caps and closures segment contributed the highest revenue in 2015, accounting for three-fifths share of the total revenue. Moreover, the food caps and closures segment accounted for two-fifths share of the overall revenue in 2015. Increase in demand for packaged foods & beverages and improvement in lifestyle are some of the key growth factors of the caps and closures market for food & beverages applications.
Based on application, the market is bifurcated into alcoholic and non-alcoholic segments. The alcoholic beverages segment is expected to dominate the market in terms of volume, registering a CAGR of 5.1% during the forecast period.
KEY FINDINGS OF THE STUDY
• The Asia-Pacific region is projected to dominate the global caps & closures market during the forecast period
• The LAMEA region is projected to grow at a significant CAGR of 6.9%, in terms of revenue, during the forecast period.
• The North American region accounted for nearly two-sevenths share of the global caps & closures market, in revenue terms, and is expected to grow at a CAGR of 5.0% during the forecast period.
• The caps & closures market in China held the highest market share in the Asia-Pacific in 2015, and is expected to grow at a CAGR of 4.0%, in terms of revenue, during the forecast period.
• The peel off foil type caps & closures segment is expected to grow at a CAGR of 6.3% from 2016 to 2022.
• The Latin American caps & closures market generated the highest revenue in the LAMEA region, and is projected to grow at a CAGR of 5.6%, in terms of volume, during the forecast period.
Access full report@: https://www.alliedmarketresearch.com/caps-closures-market
About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Download Request Sample @: https://www.alliedmarketresearch.com/request-sample/1806
Caps & closures are used in various applications such as products and containers. They are mainly used in the packaging industry to preserve products to extend their shelf life. The caps and closures industry uses different type of materials to manufacture suitable product packaging such as plastics, metals, rubber, paperboard, and others.
Factors such as growing demand for packaging industry, use of eco-friendly caps and closures, and increasing demand for plastic caps & closures provide significant opportunities for the market players. However, fluctuating prices of raw materials is has hampered the growth of the market.
Top Market Players:
• RPC Group Plc (UK)
• Reynolds Group Holdings Limited (New Zealand)
• Crown Holdings Inc. (U.S.)
• Amcor Limited (Australia)
• Rexam PLC (UK)
• Berry Plastics Corporation (U.S.)
• Silgan Holdings Inc. (U.S.)
• AptarGroup Inc. (U.S.)
• Guala Closures Group (Italy)
• BERICAP GmbH Co. & KG (Germany).
Flat 20% Discount on All License Type @: https://www.alliedmarketresearch.com/checkout/800491 * Offer Valid Till 20th April 2019
Although plastic screw closures and peel-off foils are widely used for packaging beverages & foods due to their ease of use and protective properties, manufacturers are expected to switch towards other options as metal screw closures and easy-open cans due to decrease in their prices and weight coupled with the development of better recyclable procedures.
The global caps and closures market for food and beverages is projected to account for $56,057 million, registering a CAGR of 5.3% from 2016 to 2022. Increase in demand for packaging industry and upsurge in demand for plastic caps and closures have increased the adoption of caps and closures in the food & beverages industry. However, fluctuating prices of raw material hamper the market growth. Furthermore, the development of eco-friendly caps and closures is expected to offer lucrative growth opportunities to the market in the future.
Based on product type, the beverage caps and closures segment contributed the highest revenue in 2015, accounting for three-fifths share of the total revenue. Moreover, the food caps and closures segment accounted for two-fifths share of the overall revenue in 2015. Increase in demand for packaged foods & beverages and improvement in lifestyle are some of the key growth factors of the caps and closures market for food & beverages applications.
Based on application, the market is bifurcated into alcoholic and non-alcoholic segments. The alcoholic beverages segment is expected to dominate the market in terms of volume, registering a CAGR of 5.1% during the forecast period.
KEY FINDINGS OF THE STUDY
• The Asia-Pacific region is projected to dominate the global caps & closures market during the forecast period
• The LAMEA region is projected to grow at a significant CAGR of 6.9%, in terms of revenue, during the forecast period.
• The North American region accounted for nearly two-sevenths share of the global caps & closures market, in revenue terms, and is expected to grow at a CAGR of 5.0% during the forecast period.
• The caps & closures market in China held the highest market share in the Asia-Pacific in 2015, and is expected to grow at a CAGR of 4.0%, in terms of revenue, during the forecast period.
• The peel off foil type caps & closures segment is expected to grow at a CAGR of 6.3% from 2016 to 2022.
• The Latin American caps & closures market generated the highest revenue in the LAMEA region, and is projected to grow at a CAGR of 5.6%, in terms of volume, during the forecast period.
Access full report@: https://www.alliedmarketresearch.com/caps-closures-market
About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
