Caps and Closures Market — Global Industry Analysis, Research Report and Forecast, 2013 — 2019

Transparency Market Research Reports included a detailed market survey and analysis trends on “Caps and Closures Market”. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure. Caps and closures are devices or methods to seal bottles, cans and tubes among others. Caps and closures are employed in the packaging industry primarily for preserving products and thus extending shelf life of the products. Plastic and metal are among the major materials employed in the manufacturing of caps and closures. Other niche product segments include wood, paper, and glass among others.

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Historically, metal has been the predominant product segment for the market. Plastic based closures are gaining acceptance and are expected to be the fastest growing segment in the near future. Tin and aluminum dominate the demand for metal based caps and closures. Demand for plastic based caps and closures are expected to be driven by growing demand for polyethylene and polypropylene. Increasing research and development activities in niche product segments such as paper and rubber is expected to offer huge growth opportunity in the market.

Major end user industries for caps and closure market include beverages, food, pharmaceutical, cosmetics and home care products among several others. Beverages segment dominates the global caps and closures market and the trend is expected to continue during the forecast period. Pharmaceutical is expected to be the fastest growing application segment for caps and closures primarily owing to high growth in the pharmaceutical industry.

Consumer markets such as food, cosmetics and beverages dominate the global demand for caps and closures. Hence, overall economic growth, growing disposable income and other macro economic factors in a region are among the foremost...