Global Caps and Closures Market Outlook 2022

The primary function of caps and closures is to keep the container closed and the contents contained for the specified shelf life. In addition, it provides a barrier to dirt, moisture, and oxygen and keeps the product secure from undesired premature openingCaps and closures are mainly used in the packaging industry to preserve products to extend their shelf life. Caps and closures industry uses different type of materials to construct suitable product packaging, such as plastics, metals, rubber, and paperboard among others.
Global caps & closures industry is expected to grow over the forecast period on account of high demand from food & beverages and chemical industries. Caps & closures are used for preserving products and extending their life. Thus, global caps & closures market is expected to grow significantly. Increasing caps & closures application in home care products and cosmetics industries is further expected to augment global market growth. Increasing application in pharmaceutical industry is expected to further fuel the global caps & closures market growth. Increasing childcare products demand is expected to have a positive impact global caps & closures market. Plastics caps & closures are expected to grow at a faster rate than metal caps over the forecast period owing to its superior properties and low cost. Within metal caps, tin and aluminum are expected to witness significant growth. Extensive R&D in markets such as paper and rubber are further expected to augment global market growth in the next six years. Increasing concerns regarding biodegradability and carcinogenicity of plastics is expected to hinder the market growth over the forecast period. Stringent regulatory policies by agencies such as U.S. EPA, REACH and European Commission regarding plastics usage are expected to further pose challenges to the market growth.

The global Caps and Closures market was valued at US$ million in 2020 and is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.
This report focuses on Caps and Closures volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Caps and Closures market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Caps and Closures Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Easy-Open Can Ends
Metal Lug Closures
Peel-Off Foils
Plastic Screw Closures
Metal Crowns
Metal Screw Closures
Corks
Others

Segment by Application
Beer
Wine
Bottled Water
Carbonated Soft Drinks
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Global Closure Systems
Silgan Holdings
Reynolds Group Holdings
Crown Holdings
Berry Plastics Corporation
Berlin Packaging
Guala Closures Group
Manaksia

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