Caps And Closures Market is expected to generate a revenue of USD 93.25 Billion by 2030, Globally, at 4.78% CAGR: Verified Market Research®

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Feb 02, 2023, 10:00 ET

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Caps And Closures Market

JERSEY CITY, N.J., Feb. 2, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Caps And Closures Market" By Raw Material (Plastic, Metal), By Type (Plastic Caps & Closures, Metal Caps & Closures), By End-User (Food & Beverage, Healthcare, Cosmetics & Toiletries), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Caps And Closures Market size was valued at USD 61.25 Billion in 2021 and is projected to reach USD 93.25 Billion by 2030, growing at a CAGR of 4.78% from 2023 to 2030.

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Browse in-depth TOC on "Caps And Closures Market"

202 - Pages
126 – Tables
37 – Figures

Global Caps And Closures Market Overview

Caps and closures play a significant part in manufacturing and are used on a variety of containers, including cups and cans. Caps and closures are primarily used to safeguard items and increase their storage lifeCaps and closures assist in keeping the contents protected and nutritious for a defined storage period with proper content dispense. Additionally, it offers protection from debris, moisture, and other unwanted early openings. A cap offers advantageous qualities such as stress fracture and creep resistance, impact performance, scalability, and exceptional taste and odor-restraining qualities. Products packaging materials including plastics, metals, and rubber are used to make caps and closures.

Plastic caps and closures are primarily driven by the need for comfort and improved serviceability. A plastic cap considerably reduces the product's exposure to dust and other microbes. Plastic caps and closures cost less than metal ones. Consumers require products that are easy to use, handle, and store. The increasing usage of dispensing closures and pump closures in a number of product categories, such as body care, the increased usage of beverages, and innovative packaging techniques are expected to boost the market.

Additionally, the pattern in health and wellness is shifting toward preventative healthcare, which is fueling demand for FMCG goods that promote healthier lives. The global caps and closures market is expected to develop as a result of rising beverage consumption and inventive packaging techniques.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Caps And Closures Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Caps And Closures Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Crown Holdings Inc., Berry Plastics Corporation, Bericap GmbH Co. & Kg, Reynolds Group Holdings Limited, Rexam PLC, Guala Closures Group, Aptargroup Inc., RPC Group PLC, and Silgan Holdings Inc.

Based on the research, Verified Market Research® has segmented the global Caps And Closures Market into Raw Material, Type, End-User, And Geography.

Caps And Closures Market, by Raw Material

Plastic
Metal
Others

Caps And Closures Market, by Type

Plastic Caps & Closures
Metal Caps & Closures
Other Caps & Closures

Caps And Closures Market, by End-User

Food & Beverage
Healthcare
Cosmetics & Toiletries
Others

Caps And Closures Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

Browse Related Reports:

Aluminum Caps and Closure Market By Product Type (Roll-On-Pilfer-Proof, Easy open ends, Non-refillable closures), By End-User Sector (Beverage, Pharmaceutical, Food, Home & personal care), By Geography, And Forecast

Plastic Caps and Closures Market By Product Type (Screw-on caps, Dispensing caps), By Container Type (Plastic and Glass), By Raw Material (PP, HDPE, LDPE), By Technology (Post-mold TE band, Compression molding, and Injection molding), By Geography, And Forecast

Screw-On Flip-Top Closures Market By Product (LDPE, HDPE, Polypropylene), By Application Channels (Food and Beverages, Pharmaceuticals, Cosmetics & Personal Care), By Geography, And Forecast

Beverage Caps and Closures Market By Product (Metal , Plastics), By Application (Bottled Water , Carbonated Soft Drinks , Beer), By Geography, And Forecast

Top 5 plastic caps and closures offering solutions from conception to production

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