[199 Pages report] The Caps & Closures Market size is estimated to grow from USD 49.78 Billion in 2015 to USD 68.71 Billion by 2021, at a CAGR of 5.62%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The report covers study of the various segments that are part of the manufacturing process of caps & closures and the end consumers. Thus, segmentation for the caps & closures market includes by raw material, type, and application. The report covers detail study on key parameters such as market drivers, restraints, opportunity and challenges which is hindering growth of this industry. The report also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market.

Request for free sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1314

End-use industries such as beverage and healthcare to gain maximum traction during the forecast period

The beverages segment dominated the market in 2015 and is projected to be the second-fastest-growing end-user industry in the next five years, as a result of the rising consumer demand for beverage products such as bottled water and beer as well as growing demand for quality and safe products. Furthermore, the healthcare segment is projected to be the fastest-growing end-use industry due to the rising consumption of pharmaceutical and medical products.

Plastics as a raw material to play a key role in the Caps & Closures Market

The report defines and segments the Caps & Closures Market on the basis of raw material into plastics, metal, and others. The plastics segment is projected to contribute the largest market share as it is light in weight and cost effective, whereas metal will have the next largest market share from 2016 to 2021. The plastics segment is further divided into its sub segments such as polypropylene, polyethylene, polyethylene terephthalate, polyvinyl chloride, and others. Out of these, polypropylene is projected to be the fastest-growing sub segment as it does not crack under stress and has good resistance to almost all types of chemicals, including strong acids, alkalis, and most organic materials.

"Asia-Pacific region to be the largest market for caps & closures during the forecast period."

The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As caps & closures are used widely by different industries, such as food, beverages, and healthcare, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This is followed by North America, which is the next largest market for caps & closures followed by Europe and Rest of the World.

The global market for caps and closures is dominated by players such as RPC Group Plc (U.K.), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (U.K.), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).

Early buyers will receive 10% customization on this report.

Don't miss out on business opportunities in Caps & Closures Market.

Read Our blog for more details: http://bit.ly/2DlIYqB

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

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