[199 Pages report] The Caps & Closures Market size is estimated to grow from USD 49.78 Billion in 2015 to USD 68.71 Billion by 2021, at a CAGR of 5.62%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The report covers study of the various segments that are part of the manufacturing process of caps & closures and the end consumers. Thus, segmentation for the caps & closures market includes by raw material, type, and application. The report covers detail study on key parameters such as market drivers, restraints, opportunity and challenges which is hindering growth of this industry. The report also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market.
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Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Caps & Closures Market, By Raw Material
7 Caps & Closures Market, By Type
8 Caps & Closures Market, By End-Use Industry
9 Caps & Closures Market, By Region
10 Competitive Landscape
11 Company Profiles
Factors such as increasing demand in Asia-Pacific, growing demand from the end-use industries such as food, beverage, and healthcare, and rising concerns toward product quality and safety are some of the drivers for the growth of the Caps & Closures Market.
The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As caps & closures are used widely by different industries, such as food, beverages, and healthcare, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This is followed by North America, which is the next largest market for caps & closures followed by Europe and Rest of the World.
The global market for caps and closures is dominated by players such as RPC Group Plc (U.K.), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (U.K.), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).
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