The caps and closures market is expected to witness decent growth during the forecast period: MRFR

Market Research Future published a cooked research report on the global caps and closures market that contains information from 2022–2030.

Caps and closures market size is anticipated to register a 4.7% CAGR between 2022 and 2030 and reach an approximate value of USD 91,718.9 million in 2030.

Industry News

• InFebruary 2020, Amcor introduces a proprietary system for developing bespoke, dimensional and recyclable closures that demand attention and elevate the world’s most exclusive wine and spirits brands.


• In October 2020, Berry Global Inc. has introduced a new Divinity HDPE 2 inch flip-top tube closure made from high-density polyethylene (HDPE) that, when paired with one of their squeezable polyethylene (PE) tubes, creates a sustainable single-substrate package.

In 2020, the MR grade segment helda significant market share: MRFR

The global caps and closures market has been segmented based on type, material type, end-use industry, and region. Based on type, the global caps & closure market is segmented into plastic caps & closures, roll-on balls, and others. Plastic caps and closures have gained popularity for the packaging of bottled water, carbonated soft beverages, and non-carbonated soda drinks.

Based on material type, the global caps and closures market is segmented into plastic, metal, and others. An increase in demand for bottled water, need for convenience, concerns about product safety & security, product differentiation & branding, and decreasing package sizes are driving the market for plastic caps & closures. Plastic containers are economical and lightweight.

Based on end use industry, the global capsand closures market is segmented into food, beverages, packaged water bottles, pharmaceutical, cosmetics, automotive, and others. The beverages segment is further segmented into alcoholic beverages and non-alcoholic beverages. The rise in demand for fresh and quality packaged food, consumer convenience, and manufacturers’ concern for a longer shelf life of the food products drive the market for caps and closures.

Based on region, the caps and closures market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. China is expected to be one of the largest markets for caps and closures, owing to the change in its economic structure from production-based to consumption-based, and factors such as rise in disposable income and high consumption of processed and packaged food and beverage items.

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Key industry participants in the caps andclosuresindustry include Crown; Amcor plc; Closure Systems International; Ball Corp.; Silgan Holding, Inc.; Berry Global, Inc.; AptarGroup, Inc.; BERICAP; Nippon Closures Co. Ltd.; Sonoco Products Company

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global caps and closures market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.

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