The global Metal Cap closures market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Increased desire for easy-to-open and sustainable packs, demographic changes, and rising urbanization all contribute to demand and acceptance rate of Metal Cap closures, propelling market revenue growth. These are commonly used in food and beverage sector for bottled water, carbonated drinks, mayonnaise, ketchup, and alcoholic beverages, among other things. Metal Cap closures serve the primary purpose of keeping the container closed and the contents contained for the designated shelf life. It also acts as a barrier against dirt, moisture, and oxygen, as well as preventing the goods from being opened prematurely. In the packaging industry, Metal Cap closures are primarily used to protect items and extend their shelf life. Metals, metals, rubber, and paperboard, among other materials, are used in the cap and closures business to provide appropriate product packaging.
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Competitive Landscape:
The global Metal Cap Closures market is extremely competitive and comprise of various key players at regional and global levels. These players are focusing on developing strategic alliances such as mergers and acquisitions, partnerships, product launches, joint ventures, to strengthen their market position and enhance their product base.
Major Companies Profiled in The Report:
- Crown Holdings Inc
- BERICAP Holding GmbH
- Guala Closures S.p.A
- Closure Systems International, Inc
- Amcor Plc
- Silgan Metal Closure Solutions
- Aptar Group
- UNITED CAPS
- Nippon Closures Co., Ltd.
- Mold-Rite Metals, LLC
- Berk Company, LLC
- Pelliconi C. Spa.
- Weener Plastik GmbH
- Blackhawk Molding Co. Inc
Market Overview:
The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2023 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.
Key questions addressed in the report:
- What size is the global Metal Cap Closures market expected to reach over the forecast period?
- Which revenue CAGR is the global market expected to register throughout the forecast period?
- Which factors are expected to hamper global market growth during the forecast period?
- Which key factors are expected to driver global Metal Cap Closures market throughout the forecast period?
- Which application segment is expected to register fastest revenue CAGR between 2023 and 2028?
- Which region is expected to register fastest revenue CAGR throughout the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
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Global Metal Cap Closures Market Segmentation:
Type Outlook:
- Metal
- Metal
- Others
Applications Outlook:
- Food
- Beverage
- Healthcare
- Cosmetics Toiletries
Regional Analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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