Caps and Closures market with Complete SWOT Analysis by Forecast to 2021 to 2027

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.

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.

Top Key Players in Caps and Closures  market: Guala, Closures, Group, (Italy), Amcor, Limited, Plc, (Australia), RPC, Group, PLC, (U.K.), Crown, Holdings, Incorporation, (U.S.), Rexam, PLC, (U.K.), Silgan, Holdings, Inc., (U.S.), AptarGroup, Inc., (U.S.), and, Berry, Plastics, Corporation, (U.S.).

The scope of the Report:

The report segments the global Caps and Closures Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Caps and Closures Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Regional Analysis:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Caps and Closures market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

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

Key Developments

• In July 2019, Berry Global Group Inc. acquired RPC Group plc, a manufacturer of plastic packaging products including caps & closures. RPC Group currently has 153 manufacturing sites in 33 countries. The acquisition will help Berry Global to expand its production capacity and increase its market share in caps and closures market.
• In March 2018, RPC Zeller Plastik Zell (subsidiary of RPC Group plc based in Germany) launched a new 19mm tube closure, first standard push-on-flip-top hinge tube closure (HTC) of small size. The closure will find application in cosmetic and pharmaceutical products. The new product launch helped RPC Group to expand its product portfolio.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com 

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.

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.

Top Key Players in Caps and Closures  market: Guala, Closures, Group, (Italy), Amcor, Limited, Plc, (Australia), RPC, Group, PLC, (U.K.), Crown, Holdings, Incorporation, (U.S.), Rexam, PLC, (U.K.), Silgan, Holdings, Inc., (U.S.), AptarGroup, Inc., (U.S.), and, Berry, Plastics, Corporation, (U.S.).

The scope of the Report:

The report segments the global Caps and Closures Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Caps and Closures Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Regional Analysis:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Caps and Closures market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

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

Key Developments

• In July 2019, Berry Global Group Inc. acquired RPC Group plc, a manufacturer of plastic packaging products including caps & closures. RPC Group currently has 153 manufacturing sites in 33 countries. The acquisition will help Berry Global to expand its production capacity and increase its market share in caps and closures market.
• In March 2018, RPC Zeller Plastik Zell (subsidiary of RPC Group plc based in Germany) launched a new 19mm tube closure, first standard push-on-flip-top hinge tube closure (HTC) of small size. The closure will find application in cosmetic and pharmaceutical products. The new product launch helped RPC Group to expand its product portfolio.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com