Caps and Closures Market - Global Industry Insights, Trends

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Caps and Closures Market - Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2017-25
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REPORT DESCRIPTION
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. Caps and
Closures Market Taxonomy The global caps and
closures market is segmented as follows On the
basis of raw material Plastic Polypropylene Polye
thylene PVC
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REPORT DESCRIPTION
On the basis of end-use industry Food Beverage No
n-Alcoholic Beverages Alcoholic
Beverage Healthcare Cosmetic Toiletries Others
End Uses  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 Request
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REPORT DESCRIPTION
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 High disposable
incomes of the Middle East population drives
consumerism. The consumption of electronics and
consumer goods are increasing rapidly, driving
the market growth of caps and closures. Decline
in markets of Syria and Iran have been
compensated by high growth rate in the GCC
countries The Latin America market is witnessing
robust growth in the caps and closures market,
which is mainly driven by the increase in per
capita income of middle class population.
Significant reduction in cost, excellent
performance, lightweight, and low operational
costs are some of the benefits offered by caps
and closures, which fuel the market demand To
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