Caps and Closures Market

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Caps and Closures Market Market Research Report - Forecast to2023Global Caps & Closures Market, By Material (Plastic, Metal, and others), By Type (Caps, Closures, Corks,Stoppers, Cans, and others), By End-User (Food & Beverage, Pharmaceutical, Cosmetics, Automotive andOthers) And Region - Forecast2017-2023.Caps & closures play an important role in packaging, and they include containers such as caps, cans, and others. It helps inthe process to extend shelf-life of the products and provide a barrier to dirt, moisture, and oxygen. Rising demand forbottled water and smaller packaging sizes from the end-user industries such as food, beverage, and healthcare, and risingconcerns toward product quality and safety are some of the factors improving caps & closure market growth. Increasing useof packaging driving the growth ofthe capsand closures market.Recent Trend shows that people are moving towards packed goods in the emerging countries such as India and China.Moreover, technological improvements, replacement of metal closures with glass or plastic food containers, such factorshelps to use caps & closures for consumer products and in industrial applications, to protect, market, and distribute avariety of products. Global demand for caps & closure will advance due to a worldwide trend favoring demand for packagedfood products. According to study, caps & closures market is expected to reach the market size of USD 65.12 billion by theend of forecast period with CAGR of ~5.2% between 2017 and 2023.Factors such as increased consumption of processed foods & beverages, innovation in packaging, increasing demand fromthe end-user industries are some of the factors which pushed the market towards growth. However, Caps & Closures hasvarious restraints that hinder the market growth such as fluctuating raw material prices and stringent regulations onpackaging material waste and recycling.Report Sample @ https://www.marketresearchfuture.com/sample_request/12652 www.marketresearchfuture.com
Caps and Closures Market Market Research Report - Forecast to2023Segmentation - Caps and Closures marketThe global caps & closures market is segmented into mainly three segments namely, by materials, type, and end users.Market categorization on the basis of product type includes caps, closures, corks, stoppers, cans, and others. On the basis ofmaterials, it includes Plastic, Metal, and others. Plastic resin such as polypropylene (PP) and polyethylene (PE) are widelyused with PP expected to be the fastest-growing sub-segment. Light weighted, cost-effective, and can be used to packagevarious types of products belonging to different industries such as food &beverage, pharmaceutical, others.The increasing consumption of beverages and innovative packaging solutions are expected to drive the market. The shiftingdemand of consumers from carbonated soft drinks to bottled drinks is expected to fuel the demand for caps and closures inthis segment. The urbanized population is shifting toward healthy and safe packaged food and emerging economies such asIndia, China, and Brazil have changed their buying patterns by purchasing more packaged foods owing to the increasingdisposable incomes.A key trend is the growing preference for synthetic corks and screw caps over natural corks. Whereas, Heavy promotion ofGo-green projects and eco-friendly concepts by government providing an opportunity to the caps and closure market.Further, the requirement of eco-friendly caps and closures, which use more recycled such as wood and paperboard areincreasing. By using eco-friendly materials, can reduce wastage and used for product differentiation and brand building.Caps & Closures can be used in many ways to enhance the durability of various components and products. The major rawmaterials used in the manufacturing of caps and closures are Plastic and metal. Caps and closures industry uses a differenttype of materials to construct suitable product packagings, such as plastics, metals, rubber, and paperboard. Plastic ischemically resistant, inexpensive and lightweight with a wide range of physical and optical properties. In fact, many plasticsare heat sealable, easy to print, and can be integrated into production processes where the package is formed, filled, andsealed in the sameproduction line.3 www.marketresearchfuture.com
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