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According to the new market research report “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 to 2026″, The global caps & closures market size is projected to reach USD 85.0 billion by 2026, at a CAGR of 5.5% from 2021 to 2026.
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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.
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.
Browse and in-depth TOC on “Caps & Closures Market – Global Forecast to 2026”
337 – Tables
46 – Figures
252 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/caps-closures-market-1314.html
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.
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.
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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.
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