Caps and Closures Market Introduction
Availability of caps and closures in various designs, shapes, diameters, and metals with enhanced functionality due to ongoing innovations and advancements in technology is making them favorable options for food and beverages producers. Such packaging products allow them to display their logos and punchlines using decorative colors and designs. This help companies to enhance their branding in the market. This, in turn, is increasing the uptake of caps & closures especially made of metals. Additionally, growing demand for packed food, alcoholic and non-alcoholic beverages in developing countries such as China, India, and Brazil are projected to present a favorable opportunity for players operating in the global caps and closures industry.
Widening application area of advanced caps and closures in personal care and pharmaceutical sectors is boosting the growth of the caps and closures market across the globe. For instance, demand for various types of advanced child-resistant caps and closures packaging is increasing in the pharmaceutical industry. Further, growing concerns of food and beverages producers to improve product safety and security is increasing the uptake of caps and closures made of steel and aluminium. Additionally, a reduction in product pack size and availability of tamper-evident packaging options are other factors fuelling the global caps and closures market growth. However, the introduction of strict environmental regulations is impeding the growth of the caps and closures market size to some extent.
The global caps and closures market has been segmented based on material type, packaging type, end user verticals, and region. Based on material the market is bifurcated into steel, aluminium, tin plate, and plastic. By packaging type, the global caps and closures market is segmented into roll-on pilfer-proof caps, metal crowns, spout closures, easy-open can ends, non-refillable, and others (peel-off foils and closure strips). The market has been categorized based on end user verticals into food, beverages, personal care, pharmaceuticals, and other industry verticals. Major regions analysed in the global caps and closures industry are North America, Latin America, Asia Pacific, Western Europe, Eastern Europe, and Middle East & Africa. Of these regions, Asia Pacific and Europe accounted for the largest market share collectively in 2018.
Caps and Closures Market Competitive Landscape
Mergers and acquisitions are major strategies adopted by major vendors operating in the global caps and closures market to expand their industry presence and increase customer base. Other strategies such as partnerships and product launch are followed by key players to develop eco-friendly caps and closures. Prominent players identified in the global caps and closures market are Amcor Limited, AptarGroup Inc., Berry Plastics Corporation, BERICAP GmbH Co. & KG, Guala Closures Group, Crown Holdings Inc., Rexam PLC, RPC Group PLC, Reynolds Group Holdings Limited, and Silgan Holdings Inc.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on caps and closures market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.