The global metal caps & closures market is projected to grow at a moderate CAGR during the forecast period. The key factors that drive the market include increased demand for the packing products across various industries including food & beverages, pharmaceuticals among other industry. Further, growth in trade businesses in food & beverages, medical products are also likely to drive the growth of the global metal caps and closures market. Caps and closures provide a barrier to dirt, moisture, and oxygen and keep 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.
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Further, the key manufacturers are also focusing on the development of caps and closures that are compatible with a variety of storage containers. The closures also provide an extended shelf life to the products as well as delivers eye-catching visual appeal and easy-open convenience attracting the consumers. Thus, this is likely to drive the growth of the market over the forecast period. However, the availability of various alternatives such as caps and closure systems made of plastics, wood, and others are projected to create growth opportunities for the metal caps and closures market over the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Metal Caps & Closures Market – Segmentation
By Type
- Steel
- Tin Plate
- Aluminum
- Others
By Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Chemicals & Paints
- Others
Global Metal Caps & Closures Market – Segmentation by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- ASEAN
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global metal caps & closures market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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