Learn about the Caps & Closures Market growth and developments.
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Caps & Closures Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Caps & Closures market, with forecasts outspreading to the year 2030.
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Discover how we define the Caps & Closures Market scope and research approach.
The Caps & Closures market research provides comprehensive information on significant aspects, including those that are expected to drive the industry’s growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Caps & Closures market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Caps & Closures Market is included in the scope of the MMR report.
The report offers a number of new requirements, each with a thorough justification. The Caps & Closures Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.
Uncover the regional opportunities and challenges in the Caps & Closures Market.
This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research’s geographic analysis makes it possible to comprehend the Caps & Closures market situations in various nations. The Caps & Closures market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.
Discover key segments driving the growth of the Caps & Closures Market :
Global Caps & Closures Market was valued at USD 73.89 Billion in 2023, and it is projected to touch USD 107.33 Billion by 2030, exhibiting a CAGR of 5.47 % during the forecast period (2024-2030).
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Caps & Closures Market segmentation :
by Raw Material
Plastic
Metals
Others
The market for caps and closures is divided into three segments based on the kind of raw material: Plastic, Metals, and Others (glass, wood, rubber, elastomers, and paperboard). The market is anticipated to remain dominated by the plastic segment, which had the biggest revenue share in 2023. Because plastic is less biodegradable and produces CO2 emissions during production, it presents environmental risks. As a result, recycling is becoming more popular in the production of caps and closures, with many businesses using recycled materials as a raw material to reduce their reliance on virgin plastic.
by Type
Plastic Caps & Closures
Metal Caps & Closures
Other Caps & Closures
The market is further divided into beverage, food, healthcare, cosmetics & toiletries, and other categories based on the application. One major end-use market for caps and closures is beverage packaging. Drink packaging serves as a means of extending the drinks' usable life while maintaining their flavor and appearance. In the beverage industry, pockets and containers are becoming more and more well-known packaging options. The demand for focus on segregated closures from major beverage companies throughout the world is driving the market for premium caps in the beverage industry.
by Product Type
Easy-Open Can End
Metal Lug Closures
Peel-Off Foils
Screw Closures
Metal Crowns
Corks
Others
by End-User
Beverage Industry
Food Industry
Healthcare Industry
Cosmetics & Toiletries
Others
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Learn about the top players driving innovation in the Caps & Closures Market :
1. Silgan Holdings Inc. (US)
2. Plastics Corporation,
3. Crown Holdings Incorporation (US)
4. Reynolds Group Holdings, (US)
5. Aptar Group Incorporated (US)
6. Pact Group Holdings.
7. Alpha packaging
8. Berry Global Inc. (US)
9. Amcor Limited Plc (Australia)
10. BERICARP Holding GmbH (Germany)
11. Guala Closures S.P.A (Italy)
12. RPC Group PLC (UK)
13. Rexam PLC (UK)
14. United Caps (Luxembourg)
15. Nippon Closures Co. Ltd. (Japan)
16. Mold-Rite Plastics LLC (US)
17. O.Berk Company, LLC (US)
18. Pelliconi & C. Spa. (Italy)
19. Weener Plastics (Netherlands)
20. Blackhawk Molding Co. Inc. (US)
21. C.L. Smith Company (US)
22. Elmoris, Jsc (US)
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