Factors that Impact on the Caps & Closures Market Industry in Upcoming Years !

The global caps & closures market is estimated to be USD 65.0 billion in 2021 and is projected to reach USD 85.0 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. The driving factors for the caps & closures market is increase in demand for easy-to-open and sustainable packs, demographic trends, and rapid urbanization contribute to the demand and adoption rate of caps & closures. These are widely used in the food & beverage industry for various applications, such as bottled water, carbonated drinks, mayonnaise, ketchup, and alcoholic beverages. Caps & closures help extend the shelf life of products, provide a barrier to dirt and moisture, and balance the oxygen content of the packed product. Import and export of caps & closures have been gaining importance with its increasing demand.

Browse?337 market data Tables and?46 Figures spread through?252 Pages and in-depth TOC on "Caps & Closures Market by Type (Plastic Caps & Closures (Screw Caps, Dispensing Caps)), Metal Caps & Closures (Screw & Lug, Crown Caps), Other Caps & Closures (Corks)), Raw Material, End-Use Industry - Global Forecast"

Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1314

Berry Global is a leading global producer of plastic packaging solutions. The company provides a wide range of plastic packaging solutions for food, beverage, healthcare, and other segments. Berry Global has over 295 facilities and approximately 47,000 employees in different parts of the world as of 2020. Wal-Mart, McDonald’s, YUM Brands, Burger King, Starbucks, Gillette, Colgate-Palmolive, Sherwin-Williams, Hershey’s, Coca-Cola, Pepsi-Cola, Avon, Bayer, L'Oreal, Kraft Foods, and Unilever are its clients. Berry Global Group, Inc. engages in the provision of value-added engineered materials, nonwoven specialty materials, and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene & Specialties. The Consumer Packaging International segment consists of containers, closures, dispensing systems, pharmaceutical devices and packaging, polythene films, and technical components. The Consumer Packaging North America segment offers containers, foodservice items, closures, over caps, bottles, prescription vials and tubes. The Engineered Materials segment consists of tapes and adhesives, polyethylene-based film products, can liners, and specialty coated and laminated products. The Health, Hygiene & Specialties segment consists of nonwoven specialty materials and films used in hygiene, infection prevention, personal care, industrial, construction, and filtration applications.

Request Sample of Report at?https://www.marketsandmarkets.com/requestsampleNew.asp?id=1314

Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans; beverage, promotional, and transit packaging; closures and capping; and food cans. It operates through the following segments: Americas, Europe, Asia Pacific, and Transit Packaging. The Americas segment manufactures beverage, food and aerosol cans and ends, glass bottles, specialty packaging, metal vacuum closures, steel crowns, and aluminum caps. The Europe segment operates in Europe, the Middle East, and North Africa. The Asia Pacific segment includes beverage and non-beverage can operations. The Transit Packaging segment provides industrial and protective solutions and equipment and tools businesses. The company has 192 manufacturing plants and sales and service facilities in 39 countries.

Formed in 1987, Silgan Holdings is one of the largest producers of metal food containers in the North American region, accounting for almost half of the market share. Apart from the North American region, the firm is a leading supplier of rigid packaging for consumer products globally. It offers a wide product portfolio of packaging solutions covering metal containers, metal, composite, plastic vacuum closures, and plastic containers. The company has four key business production lines: metal containers, metal and plastic closures, dispensing systems, and plastic containers. It is a leader in the manufacturing of metal, composite, and plastic closures for food & beverage products. The company has 100 manufacturing facilities in North America, Europe, Asia, and South America and caters to more than 75 countries throughout the world.

BERICAP is a manufacturer of caps & closures for food, beverage, and non-food markets. The company has 24 manufacturing factories in 21 countries, including Europe, the Middle East, Africa, Asia, and North and South America. It has five main R&D centers, each specialized in certain fields of closure technology. BERICAP was the first company to develop liner-less closures with a double seal. Its range of products includes tamper-evident and child-resistant systems, induction heat seal systems, gas barrier closures, oxygen scavengers, carbonation and pressure retention systems, vent caps, and hot-fill closures.

Guala Closures SpA (Guala Closures), a subsidiary of GCL Holdings SCA, is a provider of packaging solutions. It designs, manufactures, and markets non-refillable closures. The company’s product portfolio comprises safety closures, tamper-evident systems, non-refillable closures, and capping systems. It also offers safety closures, decorative closures, wine closures, pharma closures, and aluminum closures. The company manufactures polyethylene terephthalate (PET) products such as bottles, jars, molds, containers, flasks, and miniatures. The company serves diverse industries, including food and beverages, cosmeceutical, and pharmaceutical. The company operates manufacturing facilities in India, Poland, the UK, Australia, Spain, Ukraine, Mexico, South Africa, and Argentina. Guala Closures is headquartered in Spinetta Marengo, Alessandria, Italy.

The global caps & closures market is estimated to be USD 65.0 billion in 2021 and is projected to reach USD 85.0 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. Thedriving factors for the caps & closuresmarket is increase in demand for easy-to-open and sustainable packs, demographic trends, and rapid urbanization contribute to the demand and adoption rate of caps & closures. These are widely used in the food & beverage industry for various applications, such as bottled water, carbonated drinks, mayonnaise, ketchup, and alcoholic beverages. Caps & closures help extend the shelf life of products, provide a barrier to dirt and moisture, and balance the oxygen content of the packed product. Import and export of caps & closures have been gaining importance with its increasing demand.

Caps & closures manufacturers are the most important players in the value chain as they produce and provide various types of caps & closures based on their use in the end use industry. An efficient supply chain helps manufacturers achieve sustainability by boosting collaborative relationships with suppliers and developing innovative measures in operational improvements, distribution management, and timely delivery of products to multiple customers and end users.The end-use industries of caps & closures are food, beverage, cosmetics, healthcare and others.This provides additional value to the chain.

The overall caps & closures market was dominated by the plastic segment with a share of 68.8% in 2020. Plastic caps & closures are made from a wide range of polymers such as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). Plastic is widely used across several industries as a preferred raw material for manufacturing caps & closures as it can be molded into the desired shape when it is heated or when pressure is applied. After the manufacturing process, the plastic hardens and transforms into a solid substance, which is suitable for sealing products. Plastic caps & closures can be easily formed, are of high quality, are cost-effective, and provide excellent barrier properties and the freedom of design.

The type of raw material used depends on end-use sectors, product type, and the container for which it is required. The PP segment leads the market. PP is widely used owing to its high resistance to chemical corrosion, making it an excellent choice for packaging for cleaning products, bleaches, and first-aid products, among others. It also offers excellent fatigue resistance and elasticity, securing it a well-deserved reputation for toughness and durability.