The Caps & Closures Market: Rising demand for bottled water and smaller packaging sizes from the end-user industries such as food, beverage, and healthcare are some of the driving factors.

Published Date: 20/05/2021

The Caps & Closures Market size is estimated to grow from USD 44.3 Billion in 2020 to USD 62.08 Billion by 2027, at a CAGR of 3.67 %. The base year considered for the study is 2020 and the market size is projected from 2016 to 2027. The report covers study of the various segments that are part of the manufacturing process of caps & closures and the end consumers. Thus, segmentation for the caps & closures market includes by raw material, type, and raw material. The report covers detail study on key parameters such as market drivers, restraints, opportunity and challenges which is hindering growth of this industry.

The report also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. . The study of opportunities in the market for stakeholders and details of competitive landscape for the market leaders has been considered. Key players’ profile and their comprehensive analysis has been covered in this report. Finally, the study tracks and analyzes competitive developments such as partnerships, agreements, and joint ventures; mergers & acquisitions; expansions; new product developments; and research & development activities in the caps & closures market.

Various stakeholders involved in the supply chain of the caps & closures industry starting from raw materials suppliers, research & development, manufacturing, and the assembly team are the part of market ecosystem. Post this, the marketing and sales of the finished products take place which is only possible if an efficient distribution channel is developed. At last, the end-products are made available to the consumers and are installed at their sites. Apart from this, companies also provide, modernization services and maintenance & repair services. In this, the existing structures are taken care off by the equipment manufacturing companies.

The global market for caps and closures is dominated by players such as RPC Group Plc (U.K.), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (U.K.), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).