Aluminum Caps & Closures Market

Aluminum Caps & Closures Market worth $7.6 billion by 2025

The report "Aluminum Caps & Closures Market by Product Type (Roll-on pilfer-proof caps, Easy open end lids, Non-refillable closures), End-Use Sector (Beverage, Pharmaceutical, Food, Home & personal care), and Region - Global Forecast to 2025" The global aluminum caps & closures market size is projected to grow from USD 6.2 billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 3.9% between 2020 and 2025.

Browse 129 market data Tables and 36 Figures spread through 151 Pages and in-depth TOC on "Aluminum Caps & Closures Market by Product Type (Roll-on pilfer-proof caps, Easy open end lids, Non-refillable closures), End-Use Sector (Beverage, Pharmaceutical, Food, Home & personal care), and Region - Global Forecast to 2025"
View detailed Table of Content here
 -https://www.marketsandmarkets.com/Market-Reports/aluminum-caps-closure-market-240371879.html

Aluminum caps & closures are used to seal contents within containers, safeguard the packaged product, and to extend the shelf life of the product. The aluminum caps & closures industry is witnessing high growth because of the increasing demand for convenience food by consumers and concerns about food product safety. Product differentiation and branding are also possible using aluminum caps & closures. The aluminum caps & closures market is segmented based on product type, end-use sector, and region. The growth of aluminum caps & closures has been witnessed due to the growth in the pharmaceutical, beverage, food, cosmetics & toiletries, liquid fertilizers, and oil industries; another factor is the growing trend of replacing conventional packing products such as cork and rubber closures with aluminum caps & closures.

In terms of value, the roll-on pilfer-proof segment is projected to account for the largest share of the aluminum caps & closures market, by product type, during the forecast period.

Roll-on pilfer-proof (ROPP) caps are among the most widely used seals for various jars, tubes, and bottles. It is a cap with a thread on its internal surface that engages with the corresponding thread on the outside of the glass, plastic, or metal container. It provides an effective seal, which can be easily opened and is re-closable.

The pharmaceutical industry is projected to register the highest CAGR during the forecast period.

It is very important to maintain the quality of pharmaceutical products during the manufacturing process. Pharmaceutical products can be contaminated through air particles, dust, and microorganisms. To avoid contamination, aluminum caps & closures are used to seal the medicines in the pharmaceutical industry. The packaging of healthcare products is of utmost importance to protect the contents from air, dust, and moisture. An increase in chronic ailments, an increase in the aging population, and a rise in disposable income in developing nations drive the demand for healthcare products, thereby driving the demand for aluminum caps & closures.

The APAC region leads the aluminum caps & closures market in terms of volume.

APAC is projected to be the fastest-growing market for aluminum caps & closures during the forecast period. Convenience food demanded by consumers, concerns about product safety & security, demand for smaller pack sizes, and the need to avoid the contamination of the packaged food are some of the major reasons that could drive the aluminum caps & closures market in the region. However, innovation in the industry, substitute products, and stringent environmental regulations are some of the major restraining and challenging factors in this market.

Major players operating in the global aluminum caps & closures market includeCrown Holdings, Inc. (US), Silgan Holdings. (US), Amcor (Australia), Guala Closure (Luxembourg), Alcopack (Germany), Herti JSC (Bulgaria), Torrent Closures (Spain), Cap & Seal Pvt Ltd (India), and Federfin Tech S.R.L (Italy) are the leading players in the aluminum caps & closures market. Other players include Osias Berk (US), ITC Packaging (US), DYZDN Metal Packaging (China), ShangyuSanyou Electro-Chemical Aluminium Products (China), Alameda Packaging (US), EMA Pharmaceuticals (France), Alupac-India (India), Alutop (India), Helicap Closures (China), and Manaksia Limited (India).

Don’t miss out on business opportunities in Aluminum Caps & Closures Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
PK 6268
PR Published ON
11/30/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Aluminum Caps & Closures Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home