Caps and Closures Market by Product Type (Easy-open Can End, Metal Lug Closures, Peel-off Foils, Screw Closures, Metal Crowns, Corks, and Others), Raw Material (Plastic, Metal, Wood, and Others), and Application (Beer, Wine, Bottled Water, Carbonated Soft Drinks, Dairy Product, Condiments & Sauces, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031
The primary function of caps and closures is to keep the container closed and the contents maintained for the specified shelf life. In addition, theyprovides a barrier for dirt, moisture, and oxygen and keeps the product secure from undesired premature opening. Caps and closures are mainly used in the packaging industry to preserve products to extend their shelf life. The caps and closures industry uses different types of materials to construct suitable product packaging, such as plastics, metals, rubber, and wood.
The caps and closures market is mainly driven by the packaging industry. The main motto of the packaging industry is to provide food and beverages with extended shelf-life and the products that preserve flavor, texture, and taste for a long time. Moreover, the increasing demand for the packaging market is driving the caps and closures market towards global growth. The other factors that contribute to the growth of the market include the pharmaceuticals market, cosmetics, fast-moving consumer goods (FMCG), and others. However, the major restraint limiting the growth of the caps and closures market is the unstable price of raw materials such as high-density polyethylene (HDPE) and polypropylene (PP). Eco-friendly caps and closures, with the use of natural ingredients and recycling processes, are expected to provide ample of opportunities for this market to grow across the globe.
The heavy promotion of go-green projects and eco-friendly concepts by the governments of all countries provides opportunities for the caps and closures market. The plastic and other chemicals widely used in the process of manufacturing caps and closures affect the environment. The requirement of eco-friendly caps and closures, which use recycled and natural ingredients such as wood and paperboard, is expected to increase. Moreover, the use of eco-friendly material such as paperboard, wood, bamboo, PCR (Post Consumer Resin), PIR (Post Industrial Resin), and PLA (Polymerized Lactic Acid), reduces wastage, which will drivethe market growth of caps and closures globally
The caps and closures market is segmented on the basis of product type, raw material, application, and region. On the basis of product type, the market is segmented into easy-open can end, metal lug closures, peel-off foils, screw closures, metal crowns, and corks. Byraw material, the market is segmented into plastic, metal, and wood. On the basis ofapplication, the industry is classified intobeer, wine, bottled water, carbonated soft drinks, dairy product, and condiments & sauces. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, Russia, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India,Japan,South Korea, Australia, Taiwan and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The players operating in the global caps and closures market have adopted various developmental strategies to expand their caps and closures market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Allstates Rubber & Tool Corp, Amcor Plc, AptarGroup, Inc., Ball Corporation, BERICAP GmbH & Co. KG, Berry Global, Inc, Crown Holdings, Inc., GCL Holdings S.C.A., JELINEK CORK GROUP, and M.A. SILVA USA, LLC.
KEY MARKET SEGMENTS
By Product Type
Easy-open Can End
Metal Lug Closures
Peel-Off Foils
Screw Closures
Metal Crowns
Corks
Others
By Raw Material
Plastic
Metal
Wood
Others
By Application
Beer
Wine
Bottled Water
Carbonated Soft Drinks
Dairy Product
Condiments & Sauces
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Russia
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
The prominent players operating in this market are:
Allstates Rubber & Tool Corp
Amcor Plc
AptarGroup, Inc.
Ball Corporation
BERICAP GmbH & Co. KG
Berry Global, Inc
Crown Holdings, Inc.
GCL Holdings S.C.A.
JELINEK CORK GROUP
M.A. SILVA USA, LLC
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