Global Aluminium Caps and Closures Market – Trends, Analysis and Forecast till 2029


Posted July 8, 2021 by sidhantk

Global Aluminium Caps and Closures Market, By Closure Type (Crown, Screw Cap, and Can End), By Material (Aluminium, Steel, and Tin)

 
Metal caps and closures offer firmness and inflexibility while conveying a superior product image. With extensive array of metal color decorating choices metal caps and closures are a desired choice for food & beverage industry. These closures provide a deliberate system capable of easy opening & dispensing. These design systems include tamper evident and child resistant packaging. Child resistant metal caps and closures demand is driven by the need to comply with instructing child-resistant packaging of pharmaceuticals. Tamper evident design system of metal caps and closures prevent the undesired early opening of bottles or containers.

Increasing demand for convenience, concerns about product safety and security, product differentiation and branding, decreasing pack sizes are some among the major drivers, boosting growth of the global aluminium caps and closures market. In addition, rising purchasing power of the population, increasing per capita income level, higher consumption of ready-to-eat foods and beverages, growing pharmaceutical industry are the factors anticipated to propel growth of the global aluminum caps and closures market. However, various environmental regulations and development of substitutes may hamper the growth of the global aluminium caps and closures market over the forecast period. Emerging Economies may serve as the boosting opportunities for the global aluminium caps and closures throughout the forecast period. Manufacturer focus on developing various shape, color, and size aluminium caps and closure at global level. The recent technological advancements, like textured labels and 3D printing of the companies’ logos on caps, are creating a stunning look for the aluminium caps and closure. This is in return helping in making container more attractive.

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The global aluminium caps and closures have been segmented on the basis of closure type, material, end user, and region. On the basis of closure type, the target market is consisted of crown, screw cap, and can end. On the basis of material, the global aluminium caps and closures includes aluminium, steel, and tin. On the basis of end user, the target market is consisted of food, beverages, pharmaceuticals, cosmetics & personal care, and others. Other segment includes chemical industries and automotive industries.

On the basis of region, the global aluminium caps and closures has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global aluminum caps and closures market, due to growing pharmaceutical industry in country in the region. In contrast, the market in Asia Pacific is expected to be an emerging market for metal caps and closures and is expected to register highest CAGR in during the forecasted period, owing to rising population, coupled with increasing consumer preference ready to go food and beverages in the region.

Key players operating in the global aluminium caps and closures market include Crown Holdings Inc., Sonoco Products Company, Guala Closures Group, Nippon Closures Co. Ltd, Amcor Ltd., O Berk Company, Manaksia Industry Ltd., Pelliconi & C. SPA, CL Smith Company and Closure Systems International.
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Tags global aluminium caps and closures market
Last Updated July 8, 2021