According to Stratistics MRC, the Global Caps & Closures Market is accounted for $66.66 billion in 2020 and is expected to reach $119.77 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Rising demand from end-use industries, product differentiation and branding and decreasing pack sizes are driving the market growth. However, innovation and new substitutes is hampering the growth of the market.
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Based on the material, the plastic segment is going to have lucrative growth during the forecast period due to high mechanical strength, high stiffness, high resistance to wear and corrosion, and thus making it perfect material. By geography, Asia Pacific is going to have high growth during the forecast period owing to increasing investments and growing end-user industries for the market.
Some of the key players profiled in the Caps & Closures Market include Alpha Packaging, Amcor plc, AptarGroup, Inc, Berlin Packaging, Berry Plastics Corporation, Closure Systems International, Inc., Crown Holdings, Guala Closures S.p.A., Pact Group Holdings, SABIC, SIG Combibloc Group Ltd. and Silgan Closures GmbH.
Types Covered:
• Plastic Caps & Closures
• Metal Caps & Closures
Raw Materials Covered:
• Plastic
• Metal
• Other Materials
End Users Covered:
• Food
• Beverage
• Healthcare & Pharmaceutical
• Cosmetic, Personal Care Products & Toiletry
• Automotive
• Consumer Goods
• Chemical
Distribution Channels Covered:
• Online
• Offline
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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