Recent Developments & Attractive Business Opportunities in Aluminum Caps & Closures Market Industry

The global aluminum caps & closures market size is projected to grow from USD 6.2 billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 3.9% between 2020 and 2025. The major driving factors of the market include increasing demand for convenience food, concerns about product safety and security, product differentiation and branding, and decreasing pack sizes.

Browse 129 market data Tables and 36 Figures spread through 151 Pages and in-depth TOC on "Aluminum Caps & Closures Market by Product Type (Roll-on pilfer-proof caps, Easy open end lids, Non-refillable closures), End-Use Sector (Beverage, Pharmaceutical, Food, Home & personal care), and Region - Global Forecast"

Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240371879

The key players in the aluminum caps & closures market are Crown Holdings, Inc. (US), Silgan Holdings. (US), Amcor (Australia), Guala Closure (Luxembourg), Alcopack (Germany), Herti JSC (Bulgaria), Torrent Closures (Spain), Cap & Seal Pvt Ltd (India), and Federfin Tech S.R.L (Italy) are the leading players in the aluminum caps & closures market. Other players include Osias Berk (US), ITC Packaging (US), DYZDN Metal Packaging (China), ShangyuSanyou Electro-Chemical Aluminium Products (China), Alameda Packaging (US), EMA Pharmaceuticals (France), Alupac-India (India), Alutop (India), Helicap Closures (China), and Manaksia Limited (India). These players have adopted various strategies, such asmerger & acquisition,investment & expansion, new product launch/development, and partnership, contracts & agreements, a joint venturebetween 2015 and 2020, to enhance their market shares and expand their global presence.

Request Sample of Report at?https://www.marketsandmarkets.com/requestsampleNew.asp?id=240371879

Crown Holdings held the leading position in the global aluminum caps & closures market. The company has maintained its leadership position through its strong distribution network across Western Europe, the US, and other developing countries. The company has an extensive global reach, strong market position, and stable revenue generation. It aims to consolidate its position in the global aluminum caps & closures market through several strategic acquisitions and investments.

• In February 2018, Crown Food Europe, a subsidiary of Crown Holdings, introduced a new capping solutions package, which will help food manufacturers to lower the total cost of ownership. The package included the sale of its capping technology, ancillary components, and expert technical support for the machine’s service life. Three of Crown’s capping solutions—Smart Capper, Euro Capper, and Global Capper—were made available for sale as a part of this package.

Amcor is the second-largest player in the aluminum caps & closures market. The company has its presence in North America, Europe, Asia Pacific, and in emerging markets. It is one of the leading companies engaged in the manufacturing and distribution of both plastic and aluminum caps & closures. The company focuses on increasing its profitability by strengthening customer relations and expanding its presence by adopting both inorganic and organic strategies, such as agreements and contracts in emerging markets while optimizing operational performance.

In June 2019, Amcor acquired Bemis Company Inc. The combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis has brought additional scale, capabilities, and footprint that has strengthened Amcor’s industry-leading value proposition and generate significant value for shareholders.

Recent Developments in Aluminum Caps & Closures Market

• In February 2018, Crown Food Europe, a subsidiary of Crown Holdings, introduced a new capping solutions package, which will help food manufacturers to lower the total cost of ownership. The package included the sale of its capping technology, ancillary components, and expert technical support for the machine’s service life. Three of Crown’s capping solutions—Smart Capper, Euro Capper, and Global Capper—were made available for sale as a part of this package.?
• In June 2019, Amcor acquired Bemis Company Inc. The combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis has brought additional scale, capabilities, and footprint that has strengthened

The global aluminum caps & closures market size is projected to grow from USD 6.2 billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 3.9% between 2020 and 2025.Aluminum caps & closures are used for enhancing the shelf-life of the product as they help avoid contamination of the packaged product. These caps & closures provide excellent printability, as they play a crucial role in the marketing and promotion of the product. Additionally, aluminum is 100% recyclable and leaves a less adverse impact on the environment, which is a major factor in choosing it over other materials.

The aluminum caps & closures industry is witnessing high growth owing to the increase in demand for convenience by consumers and concerns about food product safety. Packaging requires more than shelf appeal, convenience, and brand diversification. Factors such an increase in demand for easy to open and sustainable packs, demographic trends, and rapid urbanization contribute to the demand and adoption rate of aluminum caps & closures. These are widely used in the pharmaceutical, beverage, food, cosmetics & toiletries, liquid fertilizers, and oil industries. 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.

Based on the product type, the roll-on pilfer-proof segment is projected to grow at the highest CAGR during the forecast period. A major factor in this expansion is supported by thefact that roll-on pilfer-proof caps combine the traditional decorating role of tamper-proof sealing and help retain the properties of packaged products.

Based on the end-use industry, the pharmaceutical segment is projected to dominate the aluminum caps & closures market through 2025. The growth is due to the increase in demand for sanitizers and homecare hygiene products during the COVID-19 pandemic.

APAC is the fastest-growing market for aluminum caps & closures. The growth of the aluminum caps & closures market in the region is mainly attributed to China, India, and Southeast Asian countries. These bustling economies have a lot of potential customers.The market is driven by various factors such as increased consumption of processed foods & beverages, innovation in aluminum packaging, and the reusability of aluminum. The higher disposable income in these developing countries has increased their purchasing power. As a result, the market has been positively impacted. However, the aluminum caps & closures market faces restraints such as fluctuating raw material prices and stringent regulations on packaging material waste and recycling, which hinder the growth of the market.